"Only invest an amount you can afford to lose" - page 2.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: ?? on ??

investing is something that needs to be prioritized when you are able to make money every month, because investing can make finances easier in the future, before we make an investment we must also be prepared with the existing risks, the ideal amount that we need to invest must be adjusted to the income we every month, we have to set aside 5% of our income to invest, because considering our income is mediocre.

^ If the 5% is the amount that you can afford, that good enough.
This advice "Only invest an amount you can afford to lose" is something that makes me shudder whenever I hear it.
Why? Because it is really not good advice for me. Of course, it is important to remember that all investments involve risks, but should you just put money into something you're willing to lose? Please, please, please. The same as saying "don't put money into it or do not invest!". I don't want to risk losing the money I have put in. Taking measured risks is something I am willing to do.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: AakZaki on February 08, 2022, 10:46:27 AM

Quote from: ?? on ??

I always suggest "Only invest an amount you can afford to lose" for those who want to join in crypto investment because the risk of losing the money value will always be there and I do not think people are ready with that. People must know about this before deciding to use their money to invest in crypto. Without knowing about the price fluctuation, they can panic when they see the price jump down drastically. But unfortunately, people join in the investment because of the trend and not because they search for more info that the investment can help them make a profit.

This risky thing is usually done by beginners who want to invest in crypto but don't know what to do and choose to enter without thinking about price fluctuations. Even the money they use is money they still need. Of course, when they enter at high prices and then fall, there will be panic and eventually cut losses. It will cause losses and just waste their money. need to research before entering and use free money.

basically the capital used to invest would be better to use free money. this will support our psychological stability. by using free money, sometimes we forget to have made an investment, and finally find luck when prices have gone up high. different from beginners who use money for their daily needs, where they always monitor the market all the time so that it affects psychologically

Albescent

newbie

Activity: 26

Merit: 0

Although many people believe that bitcoin is not risky and is a good investment option, it is important to only invest an amount that you can be fine with if lost because bitcoin is still not legalised and has a good chance of going down.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: ?? on ??

I always suggest "Only invest an amount you can afford to lose" for those who want to join in crypto investment because the risk of losing the money value will always be there and I do not think people are ready with that. People must know about this before deciding to use their money to invest in crypto. Without knowing about the price fluctuation, they can panic when they see the price jump down drastically. But unfortunately, people join in the investment because of the trend and not because they search for more info that the investment can help them make a profit.

This risky thing is usually done by beginners who want to invest in crypto but don't know what to do and choose to enter without thinking about price fluctuations. Even the money they use is money they still need. Of course, when they enter at high prices and then fall, there will be panic and eventually cut losses. It will cause losses and just waste their money. need to research before entering and use free money.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Viscore on February 05, 2022, 04:03:15 PM

We cant guarantee that bitcoin is totally a safe haven, thats why it is still advisable to put only the amount that you can afford to lose. Yes, we know that bitcoin is profitable. It is good to use as an investment but lets consider that bitcoin is still risky.Anyway this is just my opinion.

Someone said before that bitcoin as a safe haven but I do not know if what are their basis to say that btc was really a safe heaven because in my opinion btc is way to risky to consider as one due to its volatile nature which the price goes up and down or maybe they think btc was a safe haven because it is immune to inflation and the money that they put on btc wont get devalued overtime (disregard the fluctuations).

For them, it is better if they can put much money on btc than to put it in banks because it will only get eaten up but to us we are just following the famous rule in investing which was to invest only what we can afford to lose.

Anguwa

member

Activity: 742

Merit: 30

Quote from: mk4 on December 14, 2021, 06:28:44 AM

"Only invest an amount you can afford to lose."

Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too.

Honestly, this is one of the best advice I've ever received in terms of cryptocurrency investment, because when I sat down and thought about it, I realized it's a lot like gambling, but with a few differences: in cryptocurrency trading, if you don't sell, you're not a complete loser, whereas in gambling, if your predictions are wrong, you lose everything. So, in my opinion, it is still a good idea to invest the amount that one cannot afford to lose, in order to keep focused even if the market is down and wait for the proper time, rather than panic and sell at a loss.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: Viscore on February 05, 2022, 04:03:15 PM

We cant guarantee that bitcoin is totally a safe haven, thats why it is still advisable to put only the amount that you can afford to lose. Yes, we know that bitcoin is profitable. It is good to use as an investment but lets consider that bitcoin is still risky.Anyway this is just my opinion.

I also thought of such a thing. maybe a good strategy is to insert a few percent of the salary or income that we have as savings with a note that the money does not matter reducing the amount, because we do not know when the price of bitcoin dumps, or pumps. well, we're just waiting for the moment for that. however, this is also just my opinion if you want to have a large amount of bitcoin but with a movement that does not reduce significant funds.

Rehan Zakir

member

Activity: 812

Merit: 53

It's a great advise you anyone a crypto trader. " Only invest an amount you can afford to lose" This means that don't invest huge money in a single coin. If you did not know coin then just invest a small amount in it. If this coin team runs away. So, you easily afford this loss. There are lot of coins in market that only come in market to collect funds and then they run away. So, please be careful about this. Just invest small amount in a project if you liked the project. Crypto market is ver big and that has thousand of altcoins.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Viscore on February 05, 2022, 04:03:15 PM

We cant guarantee that bitcoin is totally a safe haven, thats why it is still advisable to put only the amount that you can afford to lose. Yes, we know that bitcoin is profitable. It is good to use as an investment but lets consider that bitcoin is still risky.Anyway this is just my opinion.

Thats true, regardless how good the investment is (in general, not only Bitcoin) the basic rule should be applied. However it depends actually for each investors because if you educate yourself first and aware of the risk then its up to you whether you'll follow this specific rule when investing or follow your gut.

I think for investors who already know the history of Bitcoin and experience the ups and down of the market, taking risk to invest on Bitcoin is much wiser than saving fiat without gaining anything.

LUCKMCFLY

legendary

Activity: 2576

Merit: 1875

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I believe if you are investing in bitcoin you can definitely invest as much as you can but if you are investing in other altcoins pls always invest any amount you can afford to lose. Currently I don't even save money in bank anymore all my money is in bitcoin and also stable coin and am having little amount in other altcoins, bitcon is a very good investment and since lots of people are adopting bitcoin and bitcoin is been known by lot's of people on a daily basis, I believe bitcoin volatility is reducing compare to few years ago.

Yes, you are right, in BTC it is the safest investment in the world, there are no losses and there are not even doubts about what they do, however there are people who enter the market and buy BTC and believe that from that moment it will not come to double or something like that, and those who think that if you buy BTC today to get rich tomorrow they are very wrong, this thought is held by people or the majority who invest in altcoins, and if they can have that conviction, but they what makes them lose is that they don't like to wait, nor do hodl, I think that the sense of the investor fails them a lot.

Elbecca

newbie

Activity: 5

Merit: 0

Investing the amount you know you can loose is a good idea because tend to live in shock for a long time after the loss and it's also nice when you get paid as an investor from IRS😁 as they are paid in USDT when they hold $IRS instead of knocking on your door collecting taxes

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

We cant guarantee that bitcoin is totally a safe haven, thats why it is still advisable to put only the amount that you can afford to lose. Yes, we know that bitcoin is profitable. It is good to use as an investment but lets consider that bitcoin is still risky.Anyway this is just my opinion.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: ?? on ??

It not mean that your are investing for lose your money. You are investing for earn and if you wanna earn money in crypto by investing, you first need project and then you need all information about your selected project then you have to invest. If you invest without any information you can lost your money but if you invested woth all project information then you will earn a good profit.

You seem not to understand the OP point because he was talking about Bitcoin investment and the main advice giving investors is to only invest the amount they can afford to lose.
Of which the statement seems not to be valid lately because Bitcoin is safe haven than fiat currency. After all, enormous fiat will be printed this year and the debt rate is increasing.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: ?? on ??

I believe if you are investing in bitcoin you can definitely invest as much as you can but if you are investing in other altcoins pls always invest any amount you can afford to lose. Currently I don't even save money in bank anymore all my money is in bitcoin and also stable coin and am having little amount in other altcoins, bitcon is a very good investment and since lots of people are adopting bitcoin and bitcoin is been known by lot's of people on a daily basis, I believe bitcoin volatility is reducing compare to few years ago.

Yeah definitely we can invest as much as we can, and as much as we want, however it is a constant reminder to of course put only the amount that we can afford to lose. Actually, this is not just advisable in crypto space but also in any types of investments that we are aiming to join with. And talking about the volatility of cryptocurrency it is not new to us I mean when you're opting to join the crypto space we need to be aware already the volatility of this platform, so yeah be just make sure to only invest what you can afford to lose.

e_abrams

jr. member

Activity: 86

Merit: 1

I think that advice still applies, and applies to any kind of investing, not just Bitcoin, especially if the investing is done by a newbie with little understanding of the market they are investing in. It's better to be safe than sorry, in my opinion.

Dunamisx

hero member

Activity: 952

Merit: 555

Quote from: mk4 on December 14, 2021, 06:28:44 AM

"Only invest an amount you can afford to lose."

Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.

Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?

One of the things we tend to forget is the risk involved in taking a bitcoin investment, once there's a proper orientation on how it should be done, then chances of running a loss or being scammed will be minimal, no any outstanding business or investment that has no past records of lost but when the amount loss is the total capital on a failed business or investment then it hard to rise back and the main reason behind such must be identified in other to avoid reoccurrence.

panukurap

full member

Activity: 486

Merit: 100

DAEFROM.com

I agree with you, investing in Bitcoin is not a bad thing in fact it will be very profitable if we can manage it well. Even though it fluctuates, the risk ratio when you invest in fiat is almost the same. Bitcoin gives us the freedom to manage it. When the market goes down continuously many people panic, even though this can be a profit opportunity to reap a lot of profits when the market stabilizes. Always take a positive point in the steps you choose. If there is a failure and you experience a loss, take it as a lesson and don't repeat the same mistakes.

olib123

member

Activity: 183

Merit: 14

Chainjoes.com

I think the advice is still applicable especially to an average person who does not have anything to invest in the first place. I agree that Bitcoin became less risky observing how it takes place in the society but surely people would need such advice to avoid large amount of loss for themsleves. Not all are very knowledgeable of how things work. It's better safe than sorry.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Although there is currently a lot of speculation surrounding Bitcoin and its many offering, however Bitcoin is a volatile asset. Despite that most crypto investors have an interest in bitcoin. But it can be a bumpy ride and we can see the graph is going up and down like we've to see in the past.
The greedy nature of investors can also affect the price of Bitcoin. For an example, the price of bitcoin began to increase after a long time of no meaningful movement. This will cause investors to become greedy and buy more bitcoins in the hope that the price will rise even higher.

KaliLinux

hero member

Activity: 1344

Merit: 565

Quote from: bhooscream on January 26, 2022, 06:51:34 PM

Quote from: mk4 on December 14, 2021, 06:28:44 AM

"Only invest an amount you can afford to lose."

Honestly, this is still what I keep until right now, I always use money that I will not use for daily needs or other needs, I mean maybe free money to invest. Additionally, I am also always investing money only in the amount that I can afford.
Although that kind of finance and other fiat problems may happen, I am still not ready yet if I should lose money more than I can afford. So, investing wisely is better for me. AT least, I have enough investment but without over risking my money and my life.
But, I know that everyone also has different opinions and considerations. As long as you can afford it and are ready for whatever will happen with the investment, it may not be a matter.

For me, I think that part of Investing funds that I am not in need of is a better way to avoid panic. Even when the market goes down, you are really not in need of the funds so you can wait it out but for those investing the only little amount they have hoping to make a quick profit, then I see it the other way round, panic over every little dip because they are afraid to lose that investment. So you are more relaxed investing your free funds IMO.

Topic: "Only invest an amount you can afford to lose" - page 2. (Read 1320 times)