Why you should use spare money to invest - page 6.

AnonBitCoiner

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Quote from: AicecreaME on May 25, 2023, 10:09:31 AM

Obviously, yes.

I mean, it's not smart to invest one time big time on something that you still 100% doesn't know. Spare money is good to invest because rather than spending it on something that is not that important, invest it in Bitcoin. Holding cold cash for me isn't really a good idea, like big cash, since it doesn't make profits or anything at all, it might get steal by someone in a worst case scenario.

Spending money on that things which are not necessary and which cannot gives you profit is not a good idea because it will end up one day but if a person save money in a useful thing which can not only save money but can also makes profit of it will be a useful act.

There will be huge profit if a person invest in bitcoin but before investment some key points should be kept in mind and by utilizing knowledge everyone can obtain results that will be ever fruitful. If someone use money on useless things then it will be better if someone use that money in Bitcoin therefore money will be continuously boosting.

molsewid

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Quote from: Japinat on May 27, 2023, 03:49:52 PM

Yup, it's not all about buying low and just selling whenever prices are high to attain big profits in the selected field of investment. It may sound easy to do but it will be a big struggle especially for those who doesn't know the fundamentals about the reality of investing, knowledge is an integral part about investing so that you will not be overwhelmed whenever you come across such situations that will make you think twice. Even the so-called experts in the field are still making some mistakes, how much more if you don't have the knowledge and will just invest directly.

I agree with you, it is not just buying when it is low and selling it is high. We should learn fundamentals first such as know how to read charts, candlesticks and even just read some news and articles on Twitter, Bloomberg etc because it is also has an effect or early effect on the price of the coins we are supported to invest with. It is not only invest only the thing that you afford to lose but also we should teach and learn ourselves, we need growth in trading because as we all know market is uncertain and volatile.

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Quote from: ichsan ardi on May 26, 2023, 02:34:55 PM

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.

Yes, that's right, learn first what are the risks involved in investing, hone our skills because all of that has benefits because that minimizes our risk of loss in investment because investing is not just buying and waiting for prices to go up and then selling. we also have to study what assets we buy whether these assets have the potential to increase or decrease in the future

Yup, it's not all about buying low and just selling whenever prices are high to attain big profits in the selected field of investment. It may sound easy to do but it will be a big struggle especially for those who doesn't know the fundamentals about the reality of investing, knowledge is an integral part about investing so that you will not be overwhelmed whenever you come across such situations that will make you think twice. Even the so-called experts in the field are still making some mistakes, how much more if you don't have the knowledge and will just invest directly.

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Quote from: bitzizzix on May 26, 2023, 03:01:34 PM

Quote from: Ryu_Ar1 on May 26, 2023, 02:10:03 PM

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

Your way is the best way and can manage money well to be able to channel it for important needs, in addition to prioritizing important needs also setting aside money for investment and savings is an excellent choice after your important needs are prioritized.
just like me, I always set aside a small portion of my salary income from work to invest and also to save every month, and the savings serve as a reserve fund when I need it without touching my investments.

Because indeed when we want something good then the planning from the beginning must also be good at least that's what I think and when I have more left over then there is nothing wrong with budgeting like this because indeed this can also clarify how much your capital is for investment in the end and of course with that we can know whether what we invested really produces or not.

Although there will certainly be some other views on this but it depends on the perspective of course considering that in this case I think this is the best way for me, rather than indeed I spend more money just for needs and hedon for my lifestyle then I prefer to set aside it as an investment budget.

Quote from: glendall on May 27, 2023, 11:20:32 AM

Quote from: Ryu_Ar1 on May 26, 2023, 02:10:03 PM

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

I like the way you manage finances, with investment at least our spare money is still there and can be used when needed, it's different if you have cash reserves or savings which can be withdrawn and spent at any time

This is the important point because when equalizing the reserve funds and being used as a whole in investment, indirectly when there is an unexpected need, we will be overwhelmed again by taking the budget from another place. at least by separating things like this I can be more comfortable with the investment that I do because it will not be disturbed when there is an urgent need that requires spending money because the reserve funds that we save are still in place and waiting to be used.

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yeah because it affects emotions when we really want to make a decision to buy, sell, hold, or long term investment. this really affects many things, not only your mentality, but also the assets you invest. even though at first you get a lot, by the way the emotion will run out quickly because crypto needs consistent profits. consistent profit generated from free money that is used only for investment.

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Quote from: Ryu_Ar1 on May 26, 2023, 02:10:03 PM

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

I like the way you manage finances, with investment at least our spare money is still there and can be used when needed, it's different if you have cash reserves or savings which can be withdrawn and spent at any time

Wend

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Quote from: Inwestour on May 24, 2023, 07:00:26 AM

Quote from: Wend on May 24, 2023, 06:50:29 AM

Most people agree with OP's point and what OP said is absolutely true. But I really doubt that too many people will do that because we all have greed, and everyone wants to get rich quickly. I still believe many people are supporting the OP, but they are doing the opposite, they are still using their savings and emergency money to invest in bitcoin because they crave wealth. To be honest, to do that is not easy at all, it seems easy to say, but escaping the temptation of money is very difficult.

It's very simple, if the money is just lies in a safe, then they will lose their purchasing power, this is the worst option that you can choose for your capital.

Investing makes it possible to increase capital and achieve financial independence, probably everyone would like to achieve this, but this will not happen if the money just lies in a safe. Of course, to make successful investments, you need certain knowledge, but no one said that this would be easy to achieve, you need to work hard to achieve wealth.

But I'm talking about emergency savings and daily spending money, I'm not talking about idle money in the safe. Using cold money is very common, and there is no argument when we use it to invest instead of keeping it in a safe or a bank. But I don't believe many people will just invest with idle money like OP, and you say, because human greed is huge. I even know some people who always advise others not to borrow money to invest, but they quietly borrow money to invest behind everyone's back.

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Quote from: Ryu_Ar1 on May 26, 2023, 02:10:03 PM

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

Your way is the best way and can manage money well to be able to channel it for important needs, in addition to prioritizing important needs also setting aside money for investment and savings is an excellent choice after your important needs are prioritized.
just like me, I always set aside a small portion of my salary income from work to invest and also to save every month, and the savings serve as a reserve fund when I need it without touching my investments.

Blowon

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Reserve money or cold or free money is always recommended to use when investing because it helps us to control our emotions and greed. with spare money that we don't really need, at least we don't rush into making decisions to invest, buy, hold, sell whatever we do with that money. it will not disturb us in our daily needs. if the main money we use our emotions will be unstable when investing.

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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.

Yes, that's right, learn first what are the risks involved in investing, hone our skills because all of that has benefits because that minimizes our risk of loss in investment because investing is not just buying and waiting for prices to go up and then selling. we also have to study what assets we buy whether these assets have the potential to increase or decrease in the future

Ryu_Ar1

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I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

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Quote from: AicecreaME on May 25, 2023, 10:09:31 AM

Obviously, yes.

I mean, it's not smart to invest one time big time on something that you still 100% doesn't know. Spare money is good to invest because rather than spending it on something that is not that important, invest it in Bitcoin. Holding cold cash for me isn't really a good idea, like big cash, since it doesn't make profits or anything at all, it might get steal by someone in a worst case scenario.

But risk management is also important to learn before starting to invest in bitcoin, we know how the risks will occur later so make sure it is understood and the reserve money you invest will be appropriate if you know how to manage it.

We have to spend only according to our needs and indeed it shouldn't be excessive because it will cause regret, in life we will need reserve money for urgent needs later including unexpected things or other maintenance costs that become routine every year.

But indeed, to store cash on a large scale, it's not good, thieves will come if they know, so store it in something safer, don't hold fiat in your hands, this is also a high risk. Meanwhile, investing in bitcoin will grow the value invested, so it is important for someone to start immediately now.

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I noticed the title doesn't quite match the content of the discussion, don't be offended that's just my personal view.

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.

Everyone must have the right balance sheet and properly recorded when owning a business because this can see the development of the business that we run. Investments must also be based on how much you are prepared to lose, but regarding the financial record relationship it depends on how you make it, but mostly and I myself have never made bookkeeping of investments in bitcoin.

Investment is not seen from the amount, but how we can be involved consistently, small or large depending on how our financial condition is, so everyone has a different way of approaching investment. But the most important thing before we start is to learn the right way of investing, so that we can maximize any risk of price fluctuations that occur.

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Quote from: Rockstarguy on May 26, 2023, 06:31:19 AM

Quote from: Accardo on May 24, 2023, 01:53:14 PM

To play safe we must invest our spare cash, but if a person is accurate enough to observe the market and realize that it'll pump to a certain amount and yeild them profits they can invest more than their spare cash and wait for results. Though, it's risky but the higher the stake the bigger the profit, thats what ww should consider as well. Hence, the person that took the most risk will profit or loss more than the person who invested just his spare cash.

Investing more than the spare money is not really a problem, what really matter is after investing a particular amount of money how long can you excise patience to wait for the investment to yield profit. Making good decisions and to have patience is what makes an investment to be productive. People just need quick money, this is the major concern but they do not consider what it takes to have money from an investment. You can still use your spare money to invest and the investment still becomes unproductive, this happens when people lack patience, and too desperate to make money.

True, don't expect when we invest, the profits will come quickly,
investment is basically about how the process goes through and it takes time and patience,
they will realize if they try it for themselves.

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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.

I am not this type. If I am having spare money then its gonna be spare money at any cost. If I utilize that money for the investments then it breaks the law of accounting for me. I mean its of no use if I am going to withdraw this money and keep losing (or possibly doubling) it because it would be either of the cases mentioned. What if I lose it? It will start creating a burden on myself and thus I would lose more and more in the future cases. This breaks down the expenses Vs Savings math and hence wont be good for me in long run.

If I am investing anything into the crypto for example, then it is going to be solid money which was intended for the same. This is how I was able to save lot of money in my wallet in the bitcoin form too. I did not invest or buy/sell it because it was savings and its growing slowly. So no doubt this formula works for me.

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Quote from: Rockstarguy on May 26, 2023, 06:31:19 AM

Quote from: Accardo on May 24, 2023, 01:53:14 PM

To play safe we must invest our spare cash, but if a person is accurate enough to observe the market and realize that it'll pump to a certain amount and yeild them profits they can invest more than their spare cash and wait for results. Though, it's risky but the higher the stake the bigger the profit, thats what ww should consider as well. Hence, the person that took the most risk will profit or loss more than the person who invested just his spare cash.

Investing more than the spare money is not really a problem, what really matter is after investing a particular amount of money how long can you excise patience to wait for the investment to yield profit. Making good decisions and to have patience is what makes an investment to be productive. People just need quick money, this is the major concern but they do not consider what it takes to have money from an investment. You can still use your spare money to invest and the investment still becomes unproductive, this happens when people lack patience, and too desperate to make money.

Good point, it's your expectation and your understanding that can lead you to how you decide, if you can push and you are willing to take the chance there's always possibility, but make sure always that you are done with your DYOR and you really invest not just your money but more on your time to learn the deeper side of this investment venue.

Getting your point, it's a matter of how good your knowledge and how willing you are to go long in case if something is not right or not moving according to your favor.

It's how you take and embrace your expectation and anticipation if how will you manifest with your investment.

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Quote from: Accardo on May 24, 2023, 01:53:14 PM

To play safe we must invest our spare cash, but if a person is accurate enough to observe the market and realize that it'll pump to a certain amount and yeild them profits they can invest more than their spare cash and wait for results. Though, it's risky but the higher the stake the bigger the profit, thats what ww should consider as well. Hence, the person that took the most risk will profit or loss more than the person who invested just his spare cash.

Investing more than the spare money is not really a problem, what really matter is after investing a particular amount of money how long can you excise patience to wait for the investment to yield profit. Making good decisions and to have patience is what makes an investment to be productive. People just need quick money, this is the major concern but they do not consider what it takes to have money from an investment. You can still use your spare money to invest and the investment still becomes unproductive, this happens when people lack patience, and too desperate to make money.

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Quote from: DudeAtWork420 on May 25, 2023, 02:55:06 PM

It is advised to always use your spare cash which you can afford to loss because of the volatility of the Crypto market. It's up and down movement are just unpredictable for someone who invest all they have fir profit sake. To avoid hypertension and blood pressure avoid using your salary or your funds which is of good importance to you for Crypto investment. Only use your spare cash so you do not urn into loss.

Whatever money is used in investing, there will still be a loss if someone does not get a profit even though the basic capital is from reserve money that has been stored by someone for a long time. Because it doesn't mean that someone won't lose when using reserve money for investment, because someone also has to consider that as their capital too in order to be able to make a profit and when they don't get it, it means that they also have to be considered a loss in that case.

Quote from: kapalmabur on May 26, 2023, 04:20:51 AM

When you want to invest or trade in crypto, the best choice is to use cold money,
the risk is certainly big, namely loss, so we must be prepared for that,
the important thing is not to use money for daily needs for investment.

You also have to separate between investing and trading in crypto or whatever it is, because investing and trading are two different things so they cannot be considered the same. It is better to invest with savings or money that is kept for a long time and not used in the near future because investments are always better if they are carried out for a longer time or in other words, in the long term. As for trading, I think everyone can use any kind of money as long as they can take good care of it even though the target is the same, which is profit.

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Quote from: kapalmabur on May 26, 2023, 04:20:51 AM

Quote from: DudeAtWork420 on May 25, 2023, 02:55:06 PM

It is advised to always use your spare cash which you can afford to loss because of the volatility of the Crypto market. It's up and down movement are just unpredictable for someone who invest all they have fir profit sake. To avoid hypertension and blood pressure avoid using your salary or your funds which is of good importance to you for Crypto investment. Only use your spare cash so you do not urn into loss.

When you want to invest or trade in crypto, the best choice is to use cold money,
the risk is certainly big, namely loss, so we must be prepared for that,
the important thing is not to use money for daily needs for investment.

Crypto market price movements are very fast and difficult to predict, so that's why it's better to avoid using interested money for other needs and it's better to use reserve money because to avoid panic when prices drop and can wait longer to take profits.
the risk will remain the same, but the advantage we get from investing using reserve money is that we can wait longer for the right price.

Youngkhngdiddy

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It is a very smart idea to invest with your spare cash,
yeah because when you use your spare money to invest, It helps you be ready in case of an Emergency.
I.e when you use spare money and not all the money you have, it helps when financial situations you didn't plan for surfaces, you can use some money to solve the problem.

It helps avoid risk of total loss, investment is a 50/50 project, when it comes to business you can't be 100% sure of only profit because some circumstances are not permanent.

When you use spare money, it saves you from loosing alot of money, in such situations since it's spare money, it won't hurt as much as it would if you had invested a large amount of your savings and you will avoid being bankrupt.

Using spare cash to invest also helps you monitor the progress of the business you invested your money in and you would know whether it's worth more investment or not.

Topic: Why you should use spare money to invest - page 6. (Read 1812 times)