Topic: We have been told: Invest only Extra money in bitcoin (Read 803 times)

Extra money is just something of the mind, even the so called rich people don't have extra money some where, all money are very important is just that there are some levels of tranquility we all can spend some changes and see it as nothing, a middle class person can overlook $0.5 but will be hard for poor person and same goes for rich person and middle class person.

One of the great properties of Bitcoin remain unrealized loss, nothing gives peace of mind when you know that as long as you don't sell, you have nothing to lose but seems those who sell their bitcoin at loss or fair losses doesn't know bitcoin more than they actually think. Bitcoin remain one of the outstanding investment anyone would want to have in life because you have nothing to lose.

Depending on your life style, you could save a part of the money you earning to invest in Bitcoin or any other asset, the markets condition we are watching is probably a one of a life time opportunity to create some wealth, one could drop unnecessary expenses or work more time in order to save money for investments.
Personally, I luckily sold a part of my Crypto holdings at high prices, thus I'm gradually getting in again now. In addition,
I'm trying to do different types of works this period to save additional money.

The very definition of middle class is someone who doesn't live from paycheck to paycheck and earns enough money to able to make purchases at a whim, save money to retire early, etc.

And the problem with investing what you can't afford to lose is that not only there's a risk of Bitcoin crashing and never recovering, which is relatively small, but you also need to be able to withstand bear markets. From time to time people have to tap into their savings, because they have some unpredictable emergencies and needs. If this happens during a bear market while your position is in red, you have to take a loss. Managing money is more than just having "strong hands". It's about avoiding risks that are too dangerous.

As a middle-class person, I don't have extra money but I set aside a few percent of my salary for an investment that I'm prepared if I lose it. You are the hundredth person I have met with the same case and I am just saying as long as you don't sell your bitcoins then you have nothing to lose.

Because that's how it should be, only invest an extra money that you can afford to lose since there's no guarantee of gaining no matter how promising and profitable Bitcoin can be. We still don't know what lies ahead hence its just right to invest your extra and don't have high hopes. Imagine if you invest the money meant for important things and needed already after a month and then the price of Bitcoin is not what you expected it to be, probably you'll already sell even at loss since you have no choice but to get the money that you invested.

But when you invest extra that you don't rely on, you can wait even it takes longer and that's the difference of the both scenarios. So what would be the best choice? If you can't afford investing at this moment but you're determine to do so, then do something to make it possible.

Man has to conduct his daily or monthly expensive with his own plan. Every month they spend their income in various ways. Those who have more income have more expenses. I think 75 percent of people can't keep separate their income. So I can't say that I have extra money that I can invest. Since many of us don't have that ability, we have to invest in Bitcoin with what we have. What matters is the potential of the investor's invested assets. If Bitcoin is invested and has the ability to hold for a long time then it will not have much effect to use that kind of money for it. Nothing good can ever be achieved without taking risks.

With this reason that's why investing is not for everybody, precisely investment into risk asset like Bitcoin is not really for everyone if you can't stick to the rules of the game involved with investment.

Secondly, If you said middle class don't have money that they can afford to lose, Then I think you really have to change your view on the way you go about investment, because this is why people end up hurting theirselves investing their life savings in a volatile crypto market and end up loosing all. Therefore, it's much better you take a little part of that savings to invest than using all.


Here's is an example of something that could help you,

 Some people spent a lot of money unecessoryly on drinks (alcoholic drinks) or other unecessory things, while this kind of money could have been saved gradually and put into some investment like buying Bitcoin and you won't regret whatsoever thing that may happen to it in the end, so these are also kind of money you can afford to lose.

The Bottom line here is from my point of view, money you can afford to lose means that they're pre-informing you about an investment risk warning that you're likely going to lose whatever money your are coming into invest, and so for safety, should ensure that it's always the money you can afford to lose so you don't have to blame anybody in the end.

Crypto investing is risky and there is no guarantee of profit every time. So always invest money that you can afford to lose, never borrow money to invest or trade.
Although investing in Bitcoin and holding it for a long time can generally be profitable, we should only invest in cryptocurrencies with money that we can afford to lose to reduce risks and losses.

20% - 40% was too large an investment for a weekly basis unless the remaining 60% was a huge amount that could still buy our basic needs, but the sad truth is that even if we get 1% of our income, we couldn't invest it because our salary is insufficient. This strategy only works if you have extra money; otherwise, we must wait until we have extra money, such as bonuses or money given to us by our boss. Though if we say we really have spare money to invest, then the bigger the percentage, the better.

My experience tells me that Bitcoin fixed investment is a good investment method. In fact, in 3-5 years, the investment income is far greater than other investment methods. I always believe in the cyclicality of Bitcoin, and I know very clearly that the secondary market and leveraged contracts of centralized exchanges cannot be touched. I wouldn't be around someone who made a lot of money to be jealous of others.

As a financial advisor by trade, I would like to chime in here.  I would never recommend my clients "invest" in anything that is very volatile, especially something that is an entirely new asset class, like cryptocurrency is.  The "middle-class" typically does not fall in to the category of not being able to afford to invest/lose money in bitcoin.  Typically the middle class has a little bit of extra income to try and hit those "home run" investments.

Always make sure you've got a sound portfolio established that's on track for retirement with traditional investments ( 401k's , IRA's, brokerage accounts etc) as well as a safety net of money in case you lose your job or something of that nature.  Then, when you've established these, it's time to be able to invest in things like bitcoin.

We are a small scale cryptocurrency user. We have no extra money from which to invest in Bitcoin. The money we earn from this crypto currency should be used for the benefit of the family. Later our investment failed. But we all should invest at least 10 to 15% of our money. This money may bring you great benefits for future planning.
And my advice to those who have the support to invest here is to invest at least 20 to 40% of your money every week. This money will become a great tool for your future planning.

Newbies have to be very careful with the zeal of investing in cryptocurrency. The market is good to buy now but we have to be aware of the market and why we are buying now if it is for a long time purposes. I hope people would take advise on many things about the market before they finally goo and take then wrong decision that could make things hard for them

For me, every cents counts and I can’t bear some losses especially if all were those from my hard-earned money. But if ask whether to invest or not, I would not consider having extra money but what I should first look at to is the amount of risk that the investment has. If it’s for bitcoin, then I would take the risk and prepare for some losses, but if it’s another crypto investments, I won’t take the risk in the first place and just continue saving my money.

We have different circumstances and situations in life, I myself would say that I've been used to the market and had invested what I can afford to lose. But honestly, bitcoin has made me more money than losses. It had given me more idea about how markets work and changed a lot of lives. It's recommended that someone has to invest with any extra money that they have instead of having their savings on it because you'll feel more emotional if you see the volatility hits your portfolio's current market value.

The people who invest more than they should, even take a loan to invest are the people that drops the price. It is also a bit automatic as well, the price drops I mean. There isn't really a mechanism that automatically buys bitcoin when the price goes up, but when the price goes down, because of the high leverages and stop losses, there are situations where bitcoin is automatically sold and turned into stablecoin to pay the fee.

That causes it to drop a lot more easier than it could go up. That's unfortunate but that's true in most markets yet they go up, and bitcoin does too, and it did, so I believe even with all these combined, we would still go up no matter what happens.

Yeah I got you, we should only invest in Bitcoins. However, there are still other options. Even if they will not give the ammount of profit Btc can provide in the future they will still give some nice profits. Take it LTC for instance, IMO and from all I have ever seen from it along its potential, LTC is also a good option to make some good profits in the next bull run.

It seems to me that the point here is not that when investing in bitcoin there is a risk of losing your money. As long as you haven't sold your bitcoins, you haven't lost anything. The other issue is that if you urgently need the money you invested in bitcoins, for example because of illness or urgent help for your relatives. And at that time bitcoin is just at the bottom and you have no other options. That's where disappointment can really happen.

If you can't afford to lose, I think it's better for you not to invest. Basically every investment has the potential to lose money, want to do it in the Bitcoin or stock market, even though real estate. If you continue to feel afraid, it will be very dangerous for you, maybe your mentality will be affected if something happens to the money you invest and endanger your mental health.
Now here we are important to learn about Fundamental Investors how to invest well so as not to cause excessive stress on the mind and mentality, whether you are middle or lower class people, it is important to manage the risks that will occur in the diversification of investments that you make for the continuity of peace in investing. And the money you use for investment, I hope it's not borrowed money and not money that you intend to survive (money related to other relationships) or the amount is too large and it's only natural that you always feel worried about losing if it's according to that.
I think you have to start over with money you can afford to lose to prevent mental breakdowns.
But it would be nice for you to keep holding on to the Bitcoin that you have and continue to strengthen yourself as a Bitcoin holder because you are not alone with us here.

In my opinion if you are a Student or a parent than Save some money and can invest in crypto or anything else that can be good for the future. In our areas people buy lands and they think that that's the future and thus Bitcoin holding in future can be as good and many people are still storing this.