The time to invest what you can afford to lose

Jegileman

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Quote from: Y3shot on January 24, 2024, 06:58:24 AM

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

Bitcoin na investment wey need patient and for those people wey invest aftwr bitcoin don already reach him ATH last time, na patience get dem so o and if dem practice d patient will dem go still dey profitable very soon. For all the time wey bitcoin don dey dump, them suppose utilize am dey buy more and more bitcoin so that the average price wey e go be say them buy dos bitcoins go don reduce by the time wey you wan comot your profit from the investment after waiting patiently for several years. Na DCA go only get them wetin dem want and if them use am well, then suppose dey on enjoyment as time for don dey reach small small as bitcoin don dey come to witness another bull run after four years.

CryptopreneurBrainboss

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Quote from: Y3shot on January 24, 2024, 06:58:24 AM

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

This one na normal thing wey dey happen for every bull market and e go still happen for this bull markets wey dey come so, people go think say as Bitcoin price begin dey increase say e go continue and they'll hurry to invest but not knowing say na the peak of the bull market wey dem invest so and they'll be left holding Bitcoin but only those wey get the patience to continue holding until the next Bitcoin halving go come wey be in 2028 go make am. Some people no like they buy Bitcoin until dem dun dey see major movement for the market dun dey happen and by that time e dun dey late already.

Quote

Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market.

Procrastination no be better thing, instead of you to be procrastinating, dey better you do everything wey enter your mind that time so you no go forget am. E never too late sha to start dey accumulate Bitcoin if you reason the price wey dey in speculation say Bitcoin go reach, at least you fit still make from 100% profit upward of the price target reach $140k and above so you fit start your own accumulation now and by the end of the bull market you fit still make better profits and e better than not make any profit.

iBaba

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Quote from: Charles-Tim on January 24, 2024, 07:11:37 AM

Investing and trading are not the same. You can trade with the amount of money that you can afford to lose, but investment is more than that.

Assuming from your 100% weekly income, you can use 1 to 5% for trading because you can afford to lose that amount. You can hold 30% using DCA and expect all-time-high. I do not think anyone would be able to afford to lose 30% but that is a good bitcoin investment plan.

Yes, I agree with you. In fact, I feel that the fear of losing is more prevalent among traders, especially those who engage in short selling trades, compared to long-term investors. While this isn’t a guarantee against losses, investors generally have a more studied approach to their investments.

For instance, investors typically conduct thorough research on the assets they’re investing in, such as cryptocurrencies, before making a decision. At the same time, those who adopt a Dollar-Cost Averaging (DCA) approach to investing often have less concern about short-term fluctuations in asset prices.

There’s a notable distinction between traders, who actively engage in short and long trades, utilize stop-loss and make-profit strategies, and aim for short-term profits, and investors who take a more long-term view of their investments, whether through lump sum investments or DCA strategies.

Mate2237

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Quote from: DaNNy001 on March 29, 2024, 04:56:30 PM

Well we now know say our naira no be stable currency again and the thing dey fluctuate anyhow and e dey even cause issue with price of things for the country and na so people dey find am hard to actually feed themselves and the reason why am saying all this things na for us to understand say one jobs and investment on Bitcoin actually depends on the person's criteria to which and how the money is sent.

As for me, this is not even the best time to invest because the way the naira dey appreciate and di USA dollar dey depreciate. If you invest now you go list enough money. And now I dey regret why I even invest in this time in Ethereum. I used NGN60K to invest in Ethereum thinking that naira will go up and Ethereum will also go up but all the two things just come down Speedily and add it to the transaction fee. Now I only have NGN30K left with me .this is one the of roughest risk I have taken in my cryptocurrency market investment.

Although in investment you don't lose if your are investing for a long term investors.

DaNNy001

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Quote from: Ruttoshi on March 29, 2024, 04:40:07 PM

Quote from: Manlikefrank1 on March 29, 2024, 01:07:14 PM

Quote from: Y3shot on January 24, 2024, 06:58:24 AM

This a time everyone want to invest because we are heading into the bull market which is just around the corner. This is the time one needs to think very well and make good decisions while investing now. This is the time we really need to apply the formula of investing only what you can afford to lose, this is not a time to just consider profit and invest huge amount of Bitcoin. Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market. I know the price of bitcoin will get increase more than what it is but people need not invest for selfish interests and do what they can not afford to lose.

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

Before investing in bitcoin you need to have diversification of income to be able to sustain you.and during investing you need to do background check on the investments before investing so you should be able to invest what you can loose and not putting all your hope in one basket.

I disagree with you on this, that before someone needs to invest on bitcoin, he needs various means of income. If you have one job or one business that gives you money, which after your monthly expenses, you still ha e spare cash on you that you can save or you don't need, you can use that money to invest in bitcoin. When you need other means of income is if your current job, cannot take care of your monthly expenses, and there will be extra left. This is when you need a second job or means of income.

However, you can still trim down your expenses in order for you to use the money that you spend on things that are not important to invest in bitcoin. If you have other means of income, it is a better advantage, because one of your income can serve as an emergency funds.

Well we now know say our naira no be stable currency again and the thing dey fluctuate anyhow and e dey even cause issue with price of things for the country and na so people dey find am hard to actually feed themselves and the reason why am saying all this things na for us to understand say one jobs and investment on Bitcoin actually depends on the person's criteria to which and how the money is sent.

Ruttoshi

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Quote from: Manlikefrank1 on March 29, 2024, 01:07:14 PM

Quote from: Y3shot on January 24, 2024, 06:58:24 AM

This a time everyone want to invest because we are heading into the bull market which is just around the corner. This is the time one needs to think very well and make good decisions while investing now. This is the time we really need to apply the formula of investing only what you can afford to lose, this is not a time to just consider profit and invest huge amount of Bitcoin. Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market. I know the price of bitcoin will get increase more than what it is but people need not invest for selfish interests and do what they can not afford to lose.

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

Before investing in bitcoin you need to have diversification of income to be able to sustain you.and during investing you need to do background check on the investments before investing so you should be able to invest what you can loose and not putting all your hope in one basket.

I disagree with you on this, that before someone needs to invest on bitcoin, he needs various means of income. If you have one job or one business that gives you money, which after your monthly expenses, you still ha e spare cash on you that you can save or you don't need, you can use that money to invest in bitcoin. When you need other means of income is if your current job, cannot take care of your monthly expenses, and there will be extra left. This is when you need a second job or means of income.

However, you can still trim down your expenses in order for you to use the money that you spend on things that are not important to invest in bitcoin. If you have other means of income, it is a better advantage, because one of your income can serve as an emergency funds.

Kelward

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Investing the amount that you can afford to loose na when you de talk about altcoins wey never gain reputation inside di crypto market, you go de skeptical weda na legit or scam projects, but a reputable crypto like Bitcoin wey don gain trust over di years as a valuable asset, no need make investors to take fear invest in am. Anoda please wey person suppose put money wey dem can afford to loose na for crypto trading and gambling, unto say you no de sure weda you go profit or lose. I gree say di best time to buy Bitcoin na during bear run, but e never de late for investors wey wan buy am now, because we de predict say di price go pass $150k for di peak of bull run, dat is more dan double of im current price.

Manlikefrank1

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Quote from: Y3shot on January 24, 2024, 06:58:24 AM

This a time everyone want to invest because we are heading into the bull market which is just around the corner. This is the time one needs to think very well and make good decisions while investing now. This is the time we really need to apply the formula of investing only what you can afford to lose, this is not a time to just consider profit and invest huge amount of Bitcoin. Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market. I know the price of bitcoin will get increase more than what it is but people need not invest for selfish interests and do what they can not afford to lose.

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

Before investing in bitcoin you need to have diversification of income to be able to sustain you.and during investing you need to do background check on the investments before investing so you should be able to invest what you can loose and not putting all your hope in one basket.

promise444c5

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Quote from: Charles-Tim on January 24, 2024, 07:11:37 AM

Investing and trading are not the same. You can trade with the amount of money that you can afford to lose, but investment is more than that.

Assuming from your 100% weekly income, you can use 1 to 5% for trading because you can afford to lose that amount. You can hold 30% using DCA and expect all-time-high. I do not think anyone would be able to afford to lose 30% but that is a good bitcoin investment plan.

People will continue to mix investment and trading up no matter what Cheesy

probably because they both involve deposition of money , it's good you cleared it again.
Thus, I will like to add on Investing what you can afford to lose, no matter how strong a coin is we must always prepare for the bad side but even it doesn't hold for Bitcoin we should still take the proper measure toward loss

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Quote from: Y3shot on January 24, 2024, 06:58:24 AM

This a time everyone want to invest because we are heading into the bull market which is just around the corner. This is the time one needs to think very well and make good decisions while investing now. This is the time we really need to apply the formula of investing only what you can afford to lose, this is not a time to just consider profit and invest huge amount of Bitcoin. Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market. I know the price of bitcoin will get increase more than what it is but people need not invest for selfish interests and do what they can not afford to lose.

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

Op, I have heard people saying that the are targeting the market and the stuff that came to my mind was how is it even possible to know the actual bull, what I notice for sure about some person is about trying to make profit not evaluating the risk involved, after Bitcoin rise from 47k it started dropping even as it stands now bitcoin is fluctuating from 39k to 41k, but let's be realistic, the actual time to buy is now but am seeing this as a little bit tricky, let's trade with high level of caution so that we won't regret it, op on a general note, there are things we can't just stop, people believe that when the price is dip that's when to buy which is true but let's also know that the price can continue dipping, if it does, hope we will continue to accumulate and hold.

Makus

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Those who missed the opportunity of using DCA before now or investing before now, should see this as an opportunity to buy enough to save for the future. We have not yet approach the bull run, and after the ETF approval which was predicted to make impact in the market did the opposite, there is still hope that it might still come up, but for now let maximize the opportunity by buying enough Bitcoin.

Bitcoin is know for long term holding and when we are talking about risk of trading, then we referring to altcoins and shitcoins. Majority of those coins are held within some months and sold because you can afford to loose your money. So keep out of that phrase.

Davidvictorson

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This sounds like a motivational Ted Talk Grin

This is a financial advice that may make sense to some persons and could also be a non financial advice that may not make any sense to another person.

It would have been a more powerful and convincing message if you had added some figures to it as well as statistics. Albeit we should invest what we can and diversify our investments. However if you believe so much in bitcoin, then go all the way.

Samlucky O

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Anytime is a time of investment, but now is also one of the best time to invest due to the dip. One thing I like about cryptocurrency BTC is that it gives room for everybody to invest at anytime anyway without any interference apart from transaction fee hyke.

Those people who bought there Bitcoin when the price was high during bull run, did it because most of them never knew about bull and bear season. And was mostly Common among newbies. So I believe who is not a newbie will not fall for such.

Charles-Tim

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Investing and trading are not the same. You can trade with the amount of money that you can afford to lose, but investment is more than that.

Assuming from your 100% weekly income, you can use 1 to 5% for trading because you can afford to lose that amount. You can hold 30% using DCA and expect all-time-high. I do not think anyone would be able to afford to lose 30% but that is a good bitcoin investment plan.

Y3shot

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This a time everyone want to invest because we are heading into the bull market which is just around the corner. This is the time one needs to think very well and make good decisions while investing now. This is the time we really need to apply the formula of investing only what you can afford to lose, this is not a time to just consider profit and invest huge amount of Bitcoin. Before now much accumulating of bitcoin is supposed to have been done then when the price of bitcoin was very low, but many missed it because of waiting for bitcoin price to still go down low more and many other reason and they are so eager and desperate to invest bitcoin because of the bull market. I know the price of bitcoin will get increase more than what it is but people need not invest for selfish interests and do what they can not afford to lose.

In the past bull some people observed the market and noticed the price was increasing and it triggered them to enter the market unknownly to them that was the end of the bull market which the price of bitcoin started dropping down.

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