Why you should use spare money to invest - page 11.

carlisle1

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Quote from: Iadegbola34 on May 21, 2023, 02:38:52 PM

You're right, nobody likes experiencing losses in business, investments, or trades. It's important to invest wisely and not risk more than you can afford to lose. Start with small amounts and learn about risk management before diving in, especially if you're new to investing. It's better to be well-prepared and knowledgeable to minimize potential losses.

Yup, using your spare money when starting this kind of investment is important as time passed by. You'll start enhancing your knowledge
and from that point, you can decide whether to add more or stay with how you spare out your savings to invest.

It's important that you have all the knowledge before taking a much bigger risk. It can prevent you from losing a lot if you what you are doing while inside
the trading market.

Spare money which you can let go might help you to understand and to know how risky but also have a good potential to earn from this industry.

Iadegbola34

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You're right, nobody likes experiencing losses in business, investments, or trades. It's important to invest wisely and not risk more than you can afford to lose. Start with small amounts and learn about risk management before diving in, especially if you're new to investing. It's better to be well-prepared and knowledgeable to minimize potential losses.

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Quote from: Ojima-ojo on May 12, 2023, 12:32:55 PM

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

Snip~

So the bottom line is, invest what you can afford to lose in Bitcoin and other investments because the risk associated with investment is not only limited to Bitcoin alone but all other assets and investments.

Let me tell you a real-life story, I have a friend from whom I received the same amount as payment for our overtime travel work sometime last year 2022, and when we wanted to invest the money, he optioned into real estate because he feel it more secure and profitable than bitcoin, but I used my whole allowance and travel payment to buy more bitcoin.

At that time, the Bitcoin price was around 17k, but now, while my friend in real estate is waiting for tenants to rent his apartments, my own Bitcoin investment is already yielding of about 10 percent.

Doesn't make his investment any worse. Real estate is a pretty solid and safe investment with a good amount of profit considering its risks. It's not gonna take that long and your friend will get tenants especially as we're having a massive housing crisis right now, but at the same time it's a little inopportune too since in some countries the housing bubble is already collapsing, with the pressure being put on the US as days pass by, and as more and more renters find themselves being exploited by their landowners. In any case, no matter the day or the period it's still a pretty good investment. Good for you for raking in profits as early as now but the connotation that you're trying to put out here, as if to say that bitcoin's better than real estate is a little stupid in my opinion.

YinShuiSiYuan

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Investments are getting more and more common in everyone's life because of inflation and financial burdens everyone's having so if you have spare money you should use it in some fruitful way rather than saving it.
Savings are becoming vague with passage of time due to continously increasing inflation and unfortunately the money you save remain as it is instead of becoming more .
So Investment is a must for now .

ancafe

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Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

In a company or business, financial records are needed that are more measurable, so that you can track sources of expenses and income for the business that you are running and it is mandatory for these financial records to be made and it is almost impossible for a company or business person not to make these financial records.

The point is that everything related to money will come when you experience losses and this includes when you invest in crypto, but what you need to think about is how to minimize the impact of these losses. Putting money in bitcoins is a much more precise move and you are already trying to avoid unnecessary losses by waiting for the right time and not panicking when the market corrects badly.

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

Is better to use small money or learn risk management first before investing especially newbies.

That's a more reasonable suggestion and beginners should really learn about minimizing risk before investing. Learning about investing can be adjusted with small capital first slowly and when experience has matured then try to invest bigger than before.

flyingcarpet

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Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

Before we start a job, we have to learn all the details of that job. Since Bitcoin is about money, it may be a mistake to set out with the trial and error method. That's why it's important to learn every detail that might be useful to us first. While investing, we should trade with an amount that will not hurt us if we lose. Later, this amount is already increasing because we have learned all the details.

barisbilgili

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Quote from: xSkylarx on May 21, 2023, 02:07:36 AM

Quote from: axxo on May 20, 2023, 10:54:32 PM

We should use spare money to invest because the potential to earn higher returns can give us than simply keeping the money in a savings account. The opportunity to diversify your portfolio and spread your risk across different investments. The ability to build wealth over time through compounding returns. Investing spare money have the potential to generate passive income through dividends or interest payments. It can use also to achieve long term financial goals like saving for retirement or down payment on home. It can be use to invest also in crypto currency but with your thorough research and knowledge about crypto currencies.

It is better to invest your money than let it sleep in your wallet or under your bed, which is really your point, but it seems true, but it doesn't mean that you now invest it immediately as you are only thinking that it will gain profit than putting it in our own. You should be aware that there are risks involved, so it is best to know if you are willing to invest it and if it loses, are you okay with it? The point is to invest only what you can afford to lose; if you want to risk your idle money, then invest as long as you are aware of all risks.

using reserve money to invest is to avoid panic, if you look at the risks it's still the same but there are some things that are more profitable if you use reserve money.
and the advice that it is better to invest than to save money has a point, even though it is full of risks but it is quite worth it with all the possible benefits that will be obtained.

Crypt0Gore

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Quote from: Pity Token on May 12, 2023, 02:46:06 PM

There is no need to risk even small money as a newbie, for experience it is better to use a demo trading account. Once you are confident in making profitable trades, then you can use your spare money.

More info on demo accounts here: https://beincrypto.com/learn/crypto-demo-accounts/

The OP is talking more than just trading mate, trading is not investing, and also Demo account experience is different from the real trading experience, using Demo account for trading will make you feel like you've know trading, you will think it's that easy until you give the real thing a try and you will be shocked of what to come, you need to know how to read chart and you have to come up with your own ways (strategy) before you start getting the best out of trading.

Do not stopped on using spare money only, make sure you develop a cautious habit on any projects you want to invest your spare money into, make sure they are projects that have good team and are working nonstop in this bear market, you can know which project will survive just by following their activities on their Twitter account.

xSkylarx

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Quote from: axxo on May 20, 2023, 10:54:32 PM

We should use spare money to invest because the potential to earn higher returns can give us than simply keeping the money in a savings account. The opportunity to diversify your portfolio and spread your risk across different investments. The ability to build wealth over time through compounding returns. Investing spare money have the potential to generate passive income through dividends or interest payments. It can use also to achieve long term financial goals like saving for retirement or down payment on home. It can be use to invest also in crypto currency but with your thorough research and knowledge about crypto currencies.

It is better to invest your money than let it sleep in your wallet or under your bed, which is really your point, but it seems true, but it doesn't mean that you now invest it immediately as you are only thinking that it will gain profit than putting it in our own. You should be aware that there are risks involved, so it is best to know if you are willing to invest it and if it loses, are you okay with it? The point is to invest only what you can afford to lose; if you want to risk your idle money, then invest as long as you are aware of all risks.

ilovealtcoins

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Quote from: axxo on May 20, 2023, 10:54:32 PM

We should use spare money to invest because the potential to earn higher returns can give us than simply keeping the money in a savings account. The opportunity to diversify your portfolio and spread your risk across different investments. The ability to build wealth over time through compounding returns. Investing spare money have the potential to generate passive income through dividends or interest payments. It can use also to achieve long term financial goals like saving for retirement or down payment on home. It can be use to invest also in crypto currency but with your thorough research and knowledge about crypto currencies.

What you are talking about is the benefits of investing. It has nothing to do with using idle money to invest that OP mentioned. Because investing will not guarantee that we will be profitable but also comes with risks, so we must use idle, cold money to invest. If we spend money on essentials to invest and our investment loses. It will make us fall into deadlocks and dead ends of life. That's why we have a saying, you should only invest as much as you can afford to lose.

axxo

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We should use spare money to invest because the potential to earn higher returns can give us than simply keeping the money in a savings account. The opportunity to diversify your portfolio and spread your risk across different investments. The ability to build wealth over time through compounding returns. Investing spare money have the potential to generate passive income through dividends or interest payments. It can use also to achieve long term financial goals like saving for retirement or down payment on home. It can be use to invest also in crypto currency but with your thorough research and knowledge about crypto currencies.

Dr.Bitcoin_Strange

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Just as you have described, whoever decides to invest in something that will give them hypertension or put them in a sick bed is basically paying for their mistake. For every mistake, there are consequences that must be paid, and for every successful business or investment, there was also some price that was paid by the investors, no matter how small or demanding those prices can be. I know some people who lament the big losses they are facing in crypto because they have no idea that's how the market can be. So people practically throw away their money just to invest in some altcoins that can turn shitcoins in a short period of time, and at the end they cannot withstand the pressure they will be facing from those investments they made without knowing how truly the crypto market works. I usually say to people, "Let them always know a lot about any platform, system, or project they are putting their money into before they go ahead with the plans, and also let them only put in the money that will not affect them if the investment ends in a bad way."

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Quote from: Gladitorcomeback on May 19, 2023, 03:01:24 PM

Profit and loss are connected with every business. Whatever business you do, you do it with the intention of making profit. No one ever invests in any business with the intention of loss. It is certain that wherever one invests without thinking, there will be loss.

There goes the first time businessman that have been lucky to have it the profitable way but majority is expected to set a loss. That's how business goes and that's to be expected whenever you start one. Because it's full of uncertainty even if you know what you're doing.

Quote from: Gladitorcomeback on May 19, 2023, 03:01:24 PM

Any business is always started from a small level and scaled up after gaining experience and understanding the market. Since the crypto currency market is a very volatile market, the prices are not always the same but always go up and down. This is the reason why always invest money here that is more than you need.

You said the opposite, invest only the money that you don't actually need which is just like a spare money for you.

Quote from: Gladitorcomeback on May 19, 2023, 03:01:24 PM

Maybe when you need money and you want to withdraw your money, the market prices have fallen and you have to make a loss.

This is the good thing on this market, there's no lock period unless you avail those exchanges and wallets staking features that your asset will be locked for a certain period of time.

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Quote from: Viscore on May 12, 2023, 11:40:35 PM

True. Demo account only helps a beginner trader becomes more familiar on how the market works so he can anticipate on how he’ll take advantage on it. But it does not guarantee that whatever your outcome using demo trading will also be highly possible when you are already trading in the real trading scenario. Trading is unpredictable, and so the market is. That’s the reason it’s more advisable to use spare money every time you trade since trading result is always unpredicted, and once you lose, that’s totally a loss in your funds.

No one will know the outcome but the purpose or goal of using demo account is to make yourself familiar with it and will help you learn about investment before you use the spare money rather than using spare money and when you start investing then the money you will have left is not the spare money if ever you lose it all.

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Quote from: isaac_clarke22 on May 19, 2023, 01:56:00 PM

Quote from: Mpamaegbu on May 16, 2023, 02:34:21 PM

~

For me, it's either Bitcoin or nothing else. I might consider ETH, but I am not considering other coins just yet.

It's not as if I don't have investments in altcoins. Of course, I do. I've an appreciable amount in altcoins and I do believe that on the short term altcoins give better ROI than Bitcoin. However, anyone investing in altcoins should be extremely cautious. For newbies, they should avoid alts investment totally if they can. The point I laboured to draw out there in the other comment is why would anyone intentionally invest in obvious Ponzi projects and the feelers I get is because of the mouth watering packages or returns these projects promise the public.

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Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

Profit and loss are connected with every business. Whatever business you do, you do it with the intention of making profit. No one ever invests in any business with the intention of loss. It is certain that wherever one invests without thinking, there will be loss.

Any business is always started from a small level and scaled up after gaining experience and understanding the market. Since the crypto currency market is a very volatile market, the prices are not always the same but always go up and down. This is the reason why always invest money here that is more than you need. Maybe when you need money and you want to withdraw your money, the market prices have fallen and you have to make a loss.

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Quote from: Mpamaegbu on May 16, 2023, 02:34:21 PM

Quote from: isaac_clarke22 on May 16, 2023, 09:24:03 AM

Sometimes extensive research and FS are overkill if you know that the coin/token/project is just shit.

That's just the point! Sometimes I want to compel myself to believe that most people forcefully expose themselves to be scammed. Everyone has guts feeling that alerts us of something but truth remains that sometimes we want to ignore it and do the permissive, especially when our minds are already made up to do it. In trying to go ahead we conjure up all sorts of "what if". Frankly, there are projects with scam well written over them without anyone digging an inch into them in research as to whether they're genuine or not. Yet there are people who still invest in those projects. How such projects get those they scam is a wonder to me.

True. If not due to desperation, it's possible that they are just not that patient to buy the usual like Bitcoin and they're just doing it all in scam projects with the hopes (although hopeless) of still something to squeeze their money out.

For me, it's either Bitcoin or nothing else. I might consider ETH, but I am not considering other coins just yet.

Quote from: KingsDen on May 18, 2023, 07:16:42 PM

The general advice in every volatile investment is for you to invest what you are able to lose and that same advice applies in every type of investment. I do not think that there are people who invests all they have in one asset.
This is where the idea of diversification comes to play. You invest in more than one place and there is a rare situation that all the investments will go wrong at the same time.

Yep, that's pretty much the play. Not sure why people tend to go far on doing loans just to invest it in crypto. Those are the money I want to be able to pay back at the end of due. In a volatile market, that's not going to end really well.

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The general advice in every volatile investment is for you to invest what you are able to lose and that same advice applies in every type of investment. I do not think that there are people who invests all they have in one asset.
This is where the idea of diversification comes to play. You invest in more than one place and there is a rare situation that all the investments will go wrong at the same time.

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Investing in cryptocurrencies, especially bitcoin, will never be easy, but with careful planning and mental readiness, investing in bitcoin will never make a loss. the purpose of an investment is profit, but do you have to put all your money into it, of course it's risky, determine how much you will invest, and save the rest for your emergency fund when your investment doesn't go according to plan. as someone who is active in investing, there are many stories that can be used as lessons at this time, even i always have discussions with some of my friends when i want to invest in something, i have to get into detail about whether the risk is greater than the profit that will be obtained.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: kawetsriyanto on May 18, 2023, 05:41:56 PM

Quote from: Shamm on May 18, 2023, 09:05:20 AM

Investing in crypto Then you must know the risk it because in the world of crypto especially bitcoin the price is volatile which means you cannot predict every seconds of the price which is sometimes it will goes up and sometimes it will goes down. So you must control your self and stay focus on your goals even though there's a time of decreasing the price bit one thing for sure in the long run it will give you a good profit.

It is not only in crypto, we must know the risk before we invest in anything. No investment has no risk, even Gold price also fluctuates although it doesn't fluctuate so much. By the way, I assume Bitcoin is one of the safest crypto coins for investment. Sure, it price fluctuates but the price history is clear and it proves that Bitcoin can survive very well in crypto market. Even people call Bitcoin as the mother of crypto coin, which means Bitcoin is like the main coin in crypto. So, actually we don't need to be so worried to invest in Bitcoin, especially for the long-term holding.

I will also be of the same opinion as you, Bitcoin is the Mother Of Crypto and this is safer for long-term investment even though the price fluctuates. But considering bitcoin's good history, this investment will not disappoint those who are patient and wait until Bitcoin reaches a new ATH. there is nothing to doubt about Bitcoin, except that if you hold Altcoins it will be more risky to lose more. Using spare money to invest would be better used in Bitcoin.

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