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Topic: Why you should use spare money to invest - page 12. (Read 1831 times)

legendary
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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.
legendary
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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.

hero member
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Not everyone may have spare money to use for investment so before you use your savings try and ensure that you have a back up plan or a proper risk management strategy to keep you going incase there is a delay in the return of your investment or the market crashes.
And in such a situation whereby you aren't investing with spare money, one should ensure that the money to be invested isn't going to be needed or used within a short period of time, in case the expected time of return on investment elapses and you haven't realized any profit, you would likely get disappointed and maybe be on pressure or forced to liquidate your asset at a lose.
hero member
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Is better to use small money or learn risk management first before investing especially newbies.
Be responsible with your investment. Try as much as you can to not be move by your emotions but by logic through informed decision before investing in bitcoin. Not everyone may have spare money to use for investment so before you use your savings try and ensure that you have a back up plan or a proper risk management strategy to keep you going incase there is a delay in the return of your investment or the market crashes.
sr. member
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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.
What must be known first is the principle of investing, especially in the cryptocurrency industry. We must ensure that we only invest money that we can afford to lose, as this is important for a good move in protecting our significant financial losses. Although investing in cryptocurrencies has high profit potential, there is also considerable risk due to market volatility and uncertainty. I think we must continue to follow this principle and continue to maintain it so that we can minimize losses.

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Is better to use small money or learn risk management first before investing especially newbies.
These two points are actually very good and should be a guide. As a beginner, you really have to start by using small money and learning risk management is the best and wisest approach to investing, especially for beginners in the investment world.
legendary
Activity: 1974
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~snip
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.
All crypto prices fluctuate and you cannot can't exclude one.
The source of the investment budget must also be considered before someone does it, especially to avoid things that can damage their investment plan. For me the savings and reserve funds are different, both are planned for something different.

Reserve funds are funds that you should be able to use to cover expenses you need if your savings fund cannot meet those costs. You can't use the reserve fund as long as you have savings, meaning it's not a priority fund to use even if you have an interest in investing. Use reserve funds to help you in difficult financial situations, when you have no other options or something.
legendary
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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.

Life is full of risk so why keep sticking to the playing safe way, people with a higher risk to their selves has the higher chance to get their life more better because they always grab the opportunity if there's any to take a risk and make more earning the same way in investing you don't let your money keep sleeping on your banks, instead use your money to earn more money into you so you can gain profit while you doing another way if income, keep riding in the market volatility and grab the opportunity. The higher the risk the higher the profit, invest what you have. Not all the time you will win in the investments.
hero member
Activity: 1400
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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.

Not all cryptos are safe for the long term. Look at the many token coins that died, they had a good history but were not able to survive until recently. Only a few big coins are currently holding well, one of which is ETH, it has been around since I was trading in 2015.
Forcing the use of borrowed funds or basic necessities is very bad, other alternatives use spare money that is not used and ready to be lost.  But it is very rare for people to think this way. They even use basic necessities funds to invest.
hero member
Activity: 2856
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Good advice. it tastes bitter and sweet indeed if you invest in this crypto world. especially when we entered, the price wasn't really low, but once we corrected again, the price that we thought was the lowest became the highest. For nominal entry I think variation. it's true, like you said, if it goes down in value for stress, but in the crypto world, to estimate a large return on investment, you inevitably have to have sufficient funds to enter the market.
Our main goal why we are investing in Bitcoin is to earn money and multiply our capital. Even though it was just our spare money, I know nobody wants to lose them all like we don't care about it, of course, we feel hurt and disappointed. Though we can say that crypto investment is risky, still is not enough to think that we should just use our spare money, instead find a reason why we have to protect and grow it.
I encourage you not to think about the large return when investing in crypto for this will lead you to get out of control and take away your (spare) money too easily.
sr. member
Activity: 1064
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Good advice. it tastes bitter and sweet indeed if you invest in this crypto world. especially when we entered, the price wasn't really low, but once we corrected again, the price that we thought was the lowest became the highest. For nominal entry I think variation. it's true, like you said, if it goes down in value for stress, but in the crypto world, to estimate a large return on investment, you inevitably have to have sufficient funds to enter the market.
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.
member
Activity: 143
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Good advice. it tastes bitter and sweet indeed if you invest in this crypto world. especially when we entered, the price wasn't really low, but once we corrected again, the price that we thought was the lowest became the highest. For nominal entry I think variation. it's true, like you said, if it goes down in value for stress, but in the crypto world, to estimate a large return on investment, you inevitably have to have sufficient funds to enter the market.
legendary
Activity: 2422
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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.
The demo only helps you to understand some trading features, it will not help you make the same profits when you enter a live account.

Investing and trading is a risky activity, so if you are too paranoid about the risks that exist then please do not trade or invest. To become a successful investor and trader to earn returns, you must consider the risks even if you have to start with a small budget. Do research, learn more and gain experience.
Speaking of Demo accounts, the feelings also is different. In trading using a demo account, you can risk more money because it's a demo only, and the money that you have on that account is just fake. On the other hand, if you are trading using your real money, the feeling is also different as well. I've tried using both already, and I can say that your feeling when using both demo account, and a real account with real money really is different.

I will just add to what you said as well. I've seen newbie investors, and newbie traders out there who are getting overwhelmed because of the lack of information that they have, and because of that, they will just make some decisions base on their emotions, and not on the knowledge into the particular investment that they want to invest their money with. Like you said, do their own research, and if they find a mentor when they're just starting then it would be better because they will make your learning a bit shorter comparing to other people (like me) who did self-study thus, it took me longer time to learn everything (the basics).

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Re: Why you should use spare money to invest
This is a very subjective question.
What if many people here are like me who has the knowledge already, but don't have spare money? So you are saying that we will not invest anymore?

I already know the basics already when it comes to investing, but I'm not using spare money whenever I'm investing, but I'm using a portion of my salary to invest. That isn't consider spare money for me. On the contrast, I'm only investing on the safer assets because like I said, I don't have spare money.
hero member
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The general idea of using spare money to invest emanates from the fact that, this is something you can afford to lose and it won't hurt so bad should that be the reality of things, a lose. You just want mind because, this is a money that comes with less expectation and you could as well declare it as lost upon investment. This is one of the reason why investing with spare money which is often referred to as a ready to lose money is desirable.

Another scenario comes in to play for those who believe bitcoin or the idea of cryptocurrency could crash some day. You feel more safe with spare money and in the event that it blooms, your sure to be proud of what your worthless funds provided for you.
Tell me how much an investment, in which you are ready to invest only what you are ready to lose, will bring you, how much are you ready to lose?

I do not believe that investors who own large fortunes invest only what they are willing to lose, they risk large amounts, but at the same time they look at how risky their investment is.

My friend doesn't invest in anything, he just saves spare money and that's enough for him. Whenever he has some spare money, he buys US dollars and says that this is the best strategy for him. I explained to him that inflation in this case will reduce their value, but he doesn’t care, it doesn’t scare him and he doesn’t want to invest in anything. This is his choice, if he is so comfortable, then so be it, at least he will not lose anything in investments. I buy bitcoin and I do it with funds that I am not ready to lose, but if this happens, I hope this never happens, then I have reserves.
sr. member
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So before entering in trading, crypto make sure that you research
Not only trading, but anything you put your money into requires knowledge of such things, the risk behind the investment, and so on, because what is the point of investing if you don't know where you're putting your money? I believe you're taking a higher risk than those who understand how it works because they have the best knowledge of controlling their funds.
before betting your money that can easily lose at any time.
When you mention betting here, I believe you are referring to gambling. And there is difference between investing money in bitcoin and other cryptocurrencies and gambling is that investments allows you to invest your money in multiple places, whereas betting only allows you to put your money in one.
hero member
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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.
You are right on this. Investing using our spare money will make us more focused on our long term goals without being bothered by any price fluctuations or market crash. We will no longer panic or become stressful when the market suddenly turns bearish knowing we only invest an amount that is not needed at the moment, so the essence of having patience and perseverance will be more utilized provided that we are aiming for long term investment. And there will be bigger chances to enjoy and be thrilled on the high volatility of the market since it’s high volatility alone can offer us life changing results.
By investing using money not used for anything, we will not be bothered by any problems and can focus and make money from investing or trading. And always try to calculate how much we can use in investing to be sufficient for our monthly needs.

In addition, if we experience a loss and keep the coin, we will not be influenced to sell it at a loss because we can still be patient, waiting for the price to rise again.

That is why we must have the correct capital allocation in investing or trading. We can also expand our investment if we have managed to get a profit so that we will have even more investment.
hero member
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Regardless if you are a beginner or pro in an investment, it’s always important to invest only at your spare money or your extra money so that if you end up losing them, that will not affect you that much. Unlike those who invest all in and spend all their hard-earned money, when their investment fails, it turns out that they also want to end their lives thinking that they are no longer worth it anymore. Life itself is an investment, if you don’t know how to handle the risks associated in it, you will never be successful in the long run.
Yes, spare money is safe for investment. If you have a family to feed, if you have bills to pay, you cannot use that money to invest. Especially bitcoin investment is quite risky and it is better to invest for long time. But if you don't use your spare money in bitcoin investment you have sell your coins at less price to maintain your cost and if you somehow lose that money you have to borrow money from other.

So to avoid risk, invest spare money in bitcoin.
If you look at the historical movement of Bitcoin, the price can spike and then fall very quickly. Even though it provides benefits, investing in cryptocurrency is like a double-edged sword. On the one hand, it can provide high profits, but in an instant it can also make you lose all your money. For this reason it is highly recommended to use money that you can afford to lose.
It takes strong mental readiness in Cryptocurrency investment because the movement is very much like a roller coaster, investors need to consider before deciding to invest in Cryptocurrency including where the source of the money will be used.
legendary
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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.
You are right on this. Investing using our spare money will make us more focused on our long term goals without being bothered by any price fluctuations or market crash. We will no longer panic or become stressful when the market suddenly turns bearish knowing we only invest an amount that is not needed at the moment, so the essence of having patience and perseverance will be more utilized provided that we are aiming for long term investment. And there will be bigger chances to enjoy and be thrilled on the high volatility of the market since it’s high volatility alone can offer us life changing results.
full member
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Regardless if you are a beginner or pro in an investment, it’s always important to invest only at your spare money or your extra money so that if you end up losing them, that will not affect you that much. Unlike those who invest all in and spend all their hard-earned money, when their investment fails, it turns out that they also want to end their lives thinking that they are no longer worth it anymore. Life itself is an investment, if you don’t know how to handle the risks associated in it, you will never be successful in the long run.
Yes, spare money is safe for investment. If you have a family to feed, if you have bills to pay, you cannot use that money to invest. Especially bitcoin investment is quite risky and it is better to invest for long time. But if you don't use your spare money in bitcoin investment you have sell your coins at less price to maintain your cost and if you somehow lose that money you have to borrow money from other.

So to avoid risk, invest spare money in bitcoin.
legendary
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The general idea of using spare money to invest emanates from the fact that, this is something you can afford to lose and it won't hurt so bad should that be the reality of things, a lose. You just want mind because, this is a money that comes with less expectation and you could as well declare it as lost upon investment. This is one of the reason why investing with spare money which is often referred to as a ready to lose money is desirable.

Another scenario comes in to play for those who believe bitcoin or the idea of cryptocurrency could crash some day. You feel more safe with spare money and in the event that it blooms, your sure to be proud of what your worthless funds provided for you.
legendary
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Regardless of where someone's investment budget comes from, I think in the end they also have to recognize and consider risks. Investors who succeed in getting returns are those who manage their investment risk well even though they have to take bigger risks.

Sometimes I agree that the source of the investment budget must be money free from long-term use plans. But using a reserve fund or what is often called an emergency fund is also fine instead of keeping fiat for the long term. The main problem is the percentage how many they are, it must not be a problem if the reserve fund is used for investment. I think using 10% to 20% of reserve funds for investment is within reasonable limits.
The investment chosen should also absolutely guarantee that it will last for the long term and will not be lost. Sometimes people get trapped into investments made by scammers and their money disappears completely. This is indeed an investment risk, it is necessary to do detailed research to find out. Some emergency funds will help if the crash continues. Emergency funds can be obtained from personal money or unused savings, but remember this will be a big risk if there is no commensurate return. You really have to think about it and know the risks involved.
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