Pages:
Author

Topic: "Only invest an amount you can afford to lose" - page 3. (Read 1328 times)

hero member
Activity: 2856
Merit: 644
https://duelbits.com/
very good for you. To be honest, I do that sometimes too. however, the advice is shown to those who are new to the crypto world or, more generally, the investment world. Many novice investors think that it is very easy to multiply money through the crypto investment route. Therefore, sometimes they do not think about the risks that could occur. they sometimes go all in, or pick 1 coin to choose from, and put all the assets in. well, many of them failed. then they make a statement if this is a scam. Therefore, many people advise to only invest in the amount you are prepared to lose
because their minds are very naive and always think that here is a place of success. Even though this is true, of course it cannot be justified either.
knowledge is everything when a person is on a path and follows it but has no knowledge of it then it is certain that sooner or later he will be destroyed.
Likewise in crypto. when random people enter and without knowledge, they only buy and sell, even though it will work, but it's just waiting for time to be destroyed
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
Thoughts? Opinions?

I wonder what would happen if they did a survey on how many people invest in cryptocurrencies and follow that advice? probably the number of people who have already forgotten this advice must be more than 90% of all bitcoin investors, I personally don't even follow this advice I confess that I just buy and don't think much before buying
very good for you. To be honest, I do that sometimes too. however, the advice is shown to those who are new to the crypto world or, more generally, the investment world. Many novice investors think that it is very easy to multiply money through the crypto investment route. Therefore, sometimes they do not think about the risks that could occur. they sometimes go all in, or pick 1 coin to choose from, and put all the assets in. well, many of them failed. then they make a statement if this is a scam. Therefore, many people advise to only invest in the amount you are prepared to lose
full member
Activity: 728
Merit: 117
"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.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
Thoughts? Opinions?

I wonder what would happen if they did a survey on how many people invest in cryptocurrencies and follow that advice? probably the number of people who have already forgotten this advice must be more than 90% of all bitcoin investors, I personally don't even follow this advice I confess that I just buy and don't think much before buying
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I know that many people are willing to invest huge amounts into crypto but the problem is that they can't afford to lose any as they always thing about profit.
And that is the reason why people are encouraged to invest the amount of money they can afford to lose. I think this is one of the best risk management I've ever known although most people have their own strategy. Volatility becomes something that can't be lost from trading and investing, it will be around forever even if it is a stablecoin. So the risks of investing and trading should be considered before one starts placing capital to buy assets.

Although we can make profit from trading and investing, but if they want to earn consistently then I think it is the most difficult thing. Nobody knows how the price will be in the next 1 hour, buying means they are ready to take risks.

They suppose not to be here and even to talk about investing in crypto if worries and uncertainty live inside them. And besides, investing in the stock market is still risky but they can afford to do it which I believe they can do it here. But yes, that can be a different story as we know the volatility of the market could affect our emotions and this will be the reason for our losses that many people become guilty of.

That if they can't afford to take the risk, they'll better not to try either. Maybe saving their fiat money is the thing they only know, not investing.
sr. member
Activity: 1778
Merit: 309
This thread i considered it as a motivational thread for any beginner for cryptocurrency trading, because op is right enough, i reason go back when for investment, what of you invest all the money you have and finally you lose all, the next thing that is close to the person that time is death, the way am seeing it, somebody suppose to invest and reserve

Everyone know this that they should only invest that money which they can afford to lose but in practiice only few people follow this practice.  
People want to invest more money because they think that if they invest more they could make more profits. They forget the probability of the loss which can happen too.

That right there my friend is PURE GREED, because why would someone invest all the money he/she have just because of the shiny term called profits. Folks let's not forget that every investment we make is also a gamble we take because it's not guaranteed that it will go exactly how we envisioned it as every investment has its risks, and if there's no risk then it's not business after all.
While the advice "ONLY INVEST ON WHAT YOU CAN AFFORD TO LOSE" may seem so common but in todays world, that advice alone isn't enough as the OP said that money is printed like a toilet papers already so I recommend to invest as much as possible but don't exceed to your limitations and be knowledgeable enough to avoid losses along the road.
legendary
Activity: 2660
Merit: 1141
I know that many people are willing to invest huge amounts into crypto but the problem is that they can't afford to lose any as they always thing about profit.
And that is the reason why people are encouraged to invest the amount of money they can afford to lose. I think this is one of the best risk management I've ever known although most people have their own strategy. Volatility becomes something that can't be lost from trading and investing, it will be around forever even if it is a stablecoin. So the risks of investing and trading should be considered before one starts placing capital to buy assets.

Although we can make profit from trading and investing, but if they want to earn consistently then I think it is the most difficult thing. Nobody knows how the price will be in the next 1 hour, buying means they are ready to take risks.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
"Only invest an amount you can afford to lose." Yea, that's the first lesson I've learned during my entire crypto career. It's easier said than done. Still trying to stay calm when the market is volatile.
Investment is necessarily risky, I consider it a test for view sight.
And you should, and we have to embrace the volatility of the market as we never have the choice. Mostly, people have been emotional when seeing the market price move in sideways. They started to make dumb speculation and a reason for them to start panicking and sell their crypto at loss.

Risk is not the thing we have to worry about but being too emotional is somewhat needed to change. I know that many people are willing to invest huge amounts into crypto but the problem is that they can't afford to lose any as they always thing about profit.
full member
Activity: 1008
Merit: 104
This is where it is important for us to learn financial management, don't let greed destroy us. When we do something means we are ready to take the risk, not only in investment but in all the work we do. Moreover, this is talking about nominal money, of course a little more sensitive.
In investing, we must not only pay attention to the advantages, but also the disadvantages are no less important. So we have to do an analysis first.
full member
Activity: 2184
Merit: 184
Hire Bitcointalk Camp. Manager @ r7promotions.com
I invested huge amount of money on bitcoin, hoping that before the end of December 2021 i will achieve good income from the investment. I bought much bitcoin in the month of September last year 2021 when the price was low to invest hoping when the price increase higher i will have much money to achieved to celebrate Christmas and new year. I have learnt from my mistakes by investing huge amount of money on bitcoin that caused me to loose so much income during the month of December which I will never  predict that bitcoin price will increase before the end of December.
This new year, I will invest amount i can afford to lose in the future.
hero member
Activity: 1344
Merit: 565

These incidents are becoming more and more popular, with the founding of the Binance Smart Chain, where everyone can simply create a coin, with little effort. Especially after the hype with Doge and Shiba, the cryptocurrency scene was flooded with newbies that thought it's a get rich quick scheme, only to be proved wrong, shortly after. I even have acquaintances and friends of mine ask for advice, after purchasing some crap coins no one knows about, without any kind of research before proceeding.

Those sitting outside crypto world think that it's a shortcut of getting huge money in short interval of time but it proves to be wrong when they jump with lots of cash and becomes a victim of losing money in short duration of time. You are right people are missing  key principle of investing which is DYOR. The FOMO has made many to buy coins when they are at there ATH.
That shouldn't have mattered whether the Investors bought at ATH but I believe the problem people keep having is still not having or believing in Bitcoin even if there are investing in it. Imagine those how bought at the 2017 ATH but believe and were able to HODL to 2021 ATH, we all know what the result is. So the Issue is not even Investing what you can afford to lose cos no one wants to lose money even if you believe you can afford it but once they understand that there will be dips and recovery again, then you are good to go. 
jr. member
Activity: 30
Merit: 2
"Only invest an amount you can afford to lose." Yea, that's the first lesson I've learned during my entire crypto career. It's easier said than done. Still trying to stay calm when the market is volatile.
Investment is necessarily risky, I consider it a test for view sight.
member
Activity: 966
Merit: 10
Allah is the Greatest
yeah you are right s.r! only invest money which you have want to loose them. trading is not easy way but people seems like that is very easy printing money like huge investment. that is true but you have make strategy to invest money with DCA OR Daily basis. many people are panic when market going down so that is wrong way express you,r panicing and they ready to sell money in loose. so that is why you have to make a strong strategy to invest them
member
Activity: 222
Merit: 11
I’d counter that with only leave in fiat what you can afford to lose as that’s now the cold hard facts of what happens. Inflation is over 6% in a large amount of countries.

Your government are stealing from you.

I’m not saying only invest in bitcoin but you simply can not leave savings in regular fiat accounts now. Real estate, stocks, bitcoin, you have to invest in something other than low paying fiat savings accounts.

Nowadays investment is never ever discarded. Like any other investment bitcoin is risk involved maybe little bit more than other options. But don't completely avoid this and highly recommend that you keep 1 to 10 percentage allocation in it. Because in my instinct bitcoin or crypto currencies are the future currency.
newbie
Activity: 21
Merit: 1
This is the best thing I can ever tell a new trader. Always take risks on the money you can afford to lose. The market is unpredictable by nature, no matter how good your analysis has been, you will still fail at times. But these failures should not dishearten you. Instead, they should be seen as the stepping stones that make you learn. Try not to let your emotions come your way of decision making if you really see a future in cryptos.
hero member
Activity: 1120
Merit: 887
Livecasino.io
"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?

Personally, I think it should  don't invest what you can't afford to HODL till it moons.  I can afford to HODL quite a bit for quite a while. To buttress my point,  the fiat is a long term loser. The trick is not to get shaken out of a market with long term up potential. So don't invest capital that you need to liquidate short term. Cryptos are a long term proposition. At least for now. Own quality and hold on.
hero member
Activity: 1680
Merit: 845
Everyone know this that they should only invest that money which they can afford to lose but in practiice only few people follow this practice.
That's because they are greedy. People become crazy to put all their money in crypto after they succeed to take profits at the first attempt. But then, they regret it since there is a huge correction after a big pump. It happens in most altcoins, especially those meme coins. Doge and SHIB ever skyrocketed, people think investing money in these coins is safe enough with support from Elon Musk. But finally, they lost their money after the hype of these coins are over. From these phenomena, we must learn that no coins safe enough to invest with all our money.
These incidents are becoming more and more popular, with the founding of the Binance Smart Chain, where everyone can simply create a coin, with little effort. Especially after the hype with Doge and Shiba, the cryptocurrency scene was flooded with newbies that thought it's a get rich quick scheme, only to be proved wrong, shortly after. I even have acquaintances and friends of mine ask for advice, after purchasing some crap coins no one knows about, without any kind of research before proceeding.

Actually, "Research" will not help you When someone popular and tech skilled like Elon Musk spreads out the positive news for any coin it is really hard to prevent someone to invest in that coin.
People who don't have enough skill in crypto and who have little skill blindly follow such influencers. Elon Musk is a self-declared influencer all over the world.
People follow him cause he is knowledgeable in tech but you know he misuses his power and misguided his followers.
yes, invest your money which you can afford to lose but choose the right project, don't jump here and there with your free money. cause when you lose your money, your negative thought will impact all over the market.
That's true, doing your own research isn't always lucrative, it's often dependent on many factors, such as people of influence, Elon Musk mostly mentioned Dogecoin, which led to a huge rally, with it reaching $0.50/each, if I'm not mistaken. Flocks of people run to buy Dogecoin, and let's just say that a large number of them lost their money.
full member
Activity: 1414
Merit: 129
The first decentralized crypto betting platform
Everyone know this that they should only invest that money which they can afford to lose but in practiice only few people follow this practice.
That's because they are greedy. People become crazy to put all their money in crypto after they succeed to take profits at the first attempt. But then, they regret it since there is a huge correction after a big pump. It happens in most altcoins, especially those meme coins. Doge and SHIB ever skyrocketed, people think investing money in these coins is safe enough with support from Elon Musk. But finally, they lost their money after the hype of these coins are over. From these phenomena, we must learn that no coins safe enough to invest with all our money.
These incidents are becoming more and more popular, with the founding of the Binance Smart Chain, where everyone can simply create a coin, with little effort. Especially after the hype with Doge and Shiba, the cryptocurrency scene was flooded with newbies that thought it's a get rich quick scheme, only to be proved wrong, shortly after. I even have acquaintances and friends of mine ask for advice, after purchasing some crap coins no one knows about, without any kind of research before proceeding.

Actually, "Research" will not help you When someone popular and tech skilled like Elon Musk spreads out the positive news for any coin it is really hard to prevent someone to invest in that coin.
People who don't have enough skill in crypto and who have little skill blindly follow such influencers. Elon Musk is a self-declared influencer all over the world.
People follow him cause he is knowledgeable in tech but you know he misuses his power and misguided his followers.
yes, invest your money which you can afford to lose but choose the right project, don't jump here and there with your free money. cause when you lose your money, your negative thought will impact all over the market.
full member
Activity: 1204
Merit: 110

These incidents are becoming more and more popular, with the founding of the Binance Smart Chain, where everyone can simply create a coin, with little effort. Especially after the hype with Doge and Shiba, the cryptocurrency scene was flooded with newbies that thought it's a get rich quick scheme, only to be proved wrong, shortly after. I even have acquaintances and friends of mine ask for advice, after purchasing some crap coins no one knows about, without any kind of research before proceeding.

Those sitting outside crypto world think that it's a shortcut of getting huge money in short interval of time but it proves to be wrong when they jump with lots of cash and becomes a victim of losing money in short duration of time. You are right people are missing  key principle of investing which is DYOR. The FOMO has made many to buy coins when they are at there ATH.
full member
Activity: 463
Merit: 102
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.
Pages:
Jump to: