Why you should use spare money to invest - page 7.

kapalmabur

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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.

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.

Gallar

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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.

Things like that obviously have to be used in the world of business or any investment, including in bitcoin as well. Because managing finances is one of the main steps in running a business or investment. Because as you wrote, everyone definitely doesn't want a loss in the business or investment they are running. So it's clear, these points already contain points that are compelling to everyone who wants to run a business or investment, so that they learn how to do business or invest in order to get a profit. Like taking the example of investing in bitcoin. All experienced bitcoin investors must already know, that don't use hot money in their investments. Why is this not recommended in bitcoin investment. Because it is certain, if you use hot money in bitcoin investments, when losses are incurred, it will cause quite a lot of stress. That's not to say those who use cold money won't feel stressed when losses come their way. But at least it won't be as heavy, when you lose using hot money.

SOKO-DEKE

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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.

I believe that this is the ideal action for us to do while investing in bitcoin or other cryptocurrencies, as well as other investments. Invest only the amount of money you can afford to lose. However, I personally recommend that new investors learn risk management first because it will greatly assist them in understanding the environment in which they placed their money. This will help them maintain interest even if they initially fail. Before we attempt to make any attempt to invest, knowledge is a crucial factor that we must constantly take into consideration, because many people who are always worried about the money they invested are set of people that lack the necessary knowledge where invested their money.if someone have good knowledge of what he/she want to invest in, invested huge amounts of money will not a problem or worry after he/she invested.

serjent05

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Quote from: Raceonsucced on May 25, 2023, 09:11:20 AM

Investing using reserve money is not wrong. everyone has their own rights. But in a situation like today, people tend to want to get a lot of profit immediately, even though they already know the risk is high. Because people who really need money want to have a lot of money soon.

But I think investing with spare money or investing with less money is safer and the risk is not too high. It's just that in investing should not be too greedy.

It is obvious that the effect of investment failure will not be that huge if we are investing our free money but I believe that the risk won't change. About being greedy, it should be controlled. Once the price hit our target sell price, we must follow the plan and don't get greedy by waiting for the price to go up higher since there are lots of traders burned doing this kind of greediness.

Quote from: xSkylarx on May 25, 2023, 12:14:41 PM

Many people don't invest because they don't want to risk something; it doesn't mean that if you invest, you can't enjoy your life. Those people who decide not to invest in something have their own reasons, and those who invest, their main reason is to profit. Also, all people, no matter if you don't have a high-paying job or have one, can invest in it because that is the time that you could be financially free and could set up a business on your own.

No matter what their reason is, it is still better to have an investment of one or two. If successful, the investment might change one's life.

Hamphser

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Quote from: tygeade on May 25, 2023, 11:34:59 AM

Quote from: Patrol69 on May 22, 2023, 09:14:35 AM

Undoubtedly, it is better to use extra money in investments. By extra money we mean money that we don't really need in our life. That is, if for some reason those moneys are lost from our life, then the money that does not affect our life is called excess money.

Investments involve financial risk. And we have to invest with the acceptance that our money is at risk. If for some reason there is a lot of volatility in the market and a large amount of money is lost from our invested money, then it is basically said to invest with extra money so that the lost money does not have any bad effect on our life.

Money is important and there will always be an allocated use for it even if not today. There must also be money which are only dedicated for bitcoin investing. If you say money which are lost in our life, it means the money is already spend out. Any thing that we do or use with our money do always has an impact in our life and that impact can be small or big.

If there is a lot of fluctuations in the market, it doesn't mean the price can quickly rise or fall so we can't technically lose our funds. We just need to wait for the price to be stable and head in an upward direction in order to take home a profit. A loss of money is painful but it's better to move on and try to be better next time.

Everything should really be that well planned and you cant really just have that kind of all in kind of approach whenever you do make or find yourself do see about investment on which it is really that very wrong.

Come into our minds that we do have other priorities as well in life on which it isnt really just always something that talks about investment but rather into those day to day expenses on which if ever we do have the

money then it is really just that right that you should really be needing to budget on because if not then you would really be able to mishandle out your finances which might in result into non good things later on.
This is why you should really be that sensible in towards your spending and budget allocation whether on an investment or whatsoever you are dealing with.
We know that investment does carry that risks which it would be normal on having that kind of approach that you should really be that careful and realizing about on how to deal with it.

DudeAtWork420

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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.

xSkylarx

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Quote from: MoonOfLife on May 25, 2023, 10:44:00 AM

Quote from: Pierre 2 on May 24, 2023, 07:32:11 AM

It is sad truth that millions of people are working towards saving money to buy unnecessary things like 100s of clothes/dresses. 50s shoes etc. They can't realize they could buy their future life if they use their savings towards investments. Many stock markets are in very cheap prices right now around the world. Bitcoin is also fairly cheap in my opinion. Why would someone save money to not use it at all? People should not worry about potential losses through investment. You can have new lessons anytime you waste money.

Everyone has a different lifestyle, you can't expect everyone to invest and not buy any necessities. If that happens, it will be even worse for our world. Without the consumers of those products, companies, factories, and workers would be unemployed and with worse consequences than not investing. Furthermore, investment is not always profitable. So many people don't like to invest and they like to enjoy their life. We invest because we don't have a high paying job, but many people make tens of thousands of dollars a month, I think they don't need to invest they still have a bright future.

Many people don't invest because they don't want to risk something; it doesn't mean that if you invest, you can't enjoy your life. Those people who decide not to invest in something have their own reasons, and those who invest, their main reason is to profit. Also, all people, no matter if you don't have a high-paying job or have one, can invest in it because that is the time that you could be financially free and could set up a business on your own.

bayudndy

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When investing money in this cryptocurrency market, you have to accept the willingness to hold for a long time and take the risk, as the market fluctuates every day. Accepting such trade-offs even though we know that we are always at risk at any time So using idle money to invest will be the right choice, as it is a prudent approach and avoids evaporating your assets. Also, setting realistic profit targets and paying attention to market cycles can help you make more informed choices.

wajik-tempe

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Starting with tiny investments allows you to test the waters without putting your finances at danger. It's a wise strategy, especially for newcomers. By starting with little sums, you may learn from your mistakes, make corrections, and gradually build up your investing portfolio over time. When investing, it is critical to have reasonable expectations. While gains are conceivable, it is also crucial to recognize that losses are a possibility. Unrealistic promises or market hype should be avoided since they might lead to irrational actions and increased risk exposure.

tygeade

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Quote from: Patrol69 on May 22, 2023, 09:14:35 AM

Undoubtedly, it is better to use extra money in investments. By extra money we mean money that we don't really need in our life. That is, if for some reason those moneys are lost from our life, then the money that does not affect our life is called excess money.

Investments involve financial risk. And we have to invest with the acceptance that our money is at risk. If for some reason there is a lot of volatility in the market and a large amount of money is lost from our invested money, then it is basically said to invest with extra money so that the lost money does not have any bad effect on our life.

Money is important and there will always be an allocated use for it even if not today. There must also be money which are only dedicated for bitcoin investing. If you say money which are lost in our life, it means the money is already spend out. Any thing that we do or use with our money do always has an impact in our life and that impact can be small or big.

If there is a lot of fluctuations in the market, it doesn't mean the price can quickly rise or fall so we can't technically lose our funds. We just need to wait for the price to be stable and head in an upward direction in order to take home a profit. A loss of money is painful but it's better to move on and try to be better next time.

MoonOfLife

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Quote from: Pierre 2 on May 24, 2023, 07:32:11 AM

It is sad truth that millions of people are working towards saving money to buy unnecessary things like 100s of clothes/dresses. 50s shoes etc. They can't realize they could buy their future life if they use their savings towards investments. Many stock markets are in very cheap prices right now around the world. Bitcoin is also fairly cheap in my opinion. Why would someone save money to not use it at all? People should not worry about potential losses through investment. You can have new lessons anytime you waste money.

Everyone has a different lifestyle, you can't expect everyone to invest and not buy any necessities. If that happens, it will be even worse for our world. Without the consumers of those products, companies, factories, and workers would be unemployed and with worse consequences than not investing. Furthermore, investment is not always profitable. So many people don't like to invest and they like to enjoy their life. We invest because we don't have a high paying job, but many people make tens of thousands of dollars a month, I think they don't need to invest they still have a bright future.

AicecreaME

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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.

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.

Raceonsucced

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Investing using reserve money is not wrong. everyone has their own rights. But in a situation like today, people tend to want to get a lot of profit immediately, even though they already know the risk is high. Because people who really need money want to have a lot of money soon.

But I think investing with spare money or investing with less money is safer and the risk is not too high. It's just that in investing should not be too greedy.

Jatiluhung

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Quote from: Pierre 2 on May 24, 2023, 07:32:11 AM

It is sad truth that millions of people are working towards saving money to buy unnecessary things like 100s of clothes/dresses. 50s shoes etc. They can't realize they could buy their future life if they use their savings towards investments. Many stock markets are in very cheap prices right now around the world. Bitcoin is also fairly cheap in my opinion. Why would someone save money to not use it at all? People should not worry about potential losses through investment. You can have new lessons anytime you waste money.

What worries me more is that most people don't really understand what inflation and deflation are. So they think saving fiat money has made them avoid losses. They do not realize that every year the money they save experiences depreciation in value. Unfortunately they are not aware of this. They still think that as long as the amount of money they save doesn't decrease, it means they don't experience a loss. but that is a wrong assumption. they misunderstand and do not realize that even though the amount of money they have remains the same, the value of the currency they hold actually continues to decrease in value.

Due to the lack of knowledge about this, of course they think that investing is a more risky thing for them. Even though saving money, it is certain that they will experience losses due to depreciation in value. Meanwhile, in investing, they have the opportunity to make a profit if their investment assets increase from year to year. An example of investing in Bitcoin. if we invest 10 years ago then the value now has grown tremendously. and if we invest in land then 10 years later the price of the land will also increase. although not too high and fast. but the value of land prices continues to increase from time to time.

niko053

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That's right, any investment cannot always make a profit, sometimes more precisely there is always an article about losses.

Twentyonepaylots

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Quote from: rojan on May 24, 2023, 11:42:56 PM

Quote from: Velemir Sava on May 24, 2023, 11:08:04 AM

I think it is natural for individuals to choose to avoid losses in business, career, investing, and trading. This is why many of the companies implement financial policies to track investment and profit flows. Similar to any other business, Bitcoin can experience gains and losses. Well, this is where it is important to invest wisely and only use funds that you can afford to lose without negative consequences for your well-being.

If we can wait a few years to invest then it will be better for us. Because if we invest in bitcoin now we will get profit so we have to wait for a few years after investing. If we can invest in bitcoin now then the price of bitcoin will increase several times after few years.Then we will have a good amount of profit. I think this is the right time for us to invest.

Indeed, there is really a potential profit in investing into bitcoin but we should always consider our financial capability and soundness so that the money that we will be investing is the one you really afford to lose which means that this does not in any way affects your finances when something goes wrong or bad with it. Also, investing and not getting greedy with it is also important since you should set a target profit and price so that you can expect a guaranteed profit with it. You should learn to control yourself and your emotions so that you can really make wise decisions to get profit with your investment.

rojan

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Quote from: Velemir Sava on May 24, 2023, 11:08:04 AM

I think it is natural for individuals to choose to avoid losses in business, career, investing, and trading. This is why many of the companies implement financial policies to track investment and profit flows. Similar to any other business, Bitcoin can experience gains and losses. Well, this is where it is important to invest wisely and only use funds that you can afford to lose without negative consequences for your well-being.

If we can wait a few years to invest then it will be better for us. Because if we invest in bitcoin now we will get profit so we have to wait for a few years after investing. If we can invest in bitcoin now then the price of bitcoin will increase several times after few years.Then we will have a good amount of profit. I think this is the right time for us to invest.

Rigon

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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 investing you must remember that you should invest the amount of money you can afford to lose. Many have made huge amounts of money by investing and many have wasted their lives by investing. So you must consider all aspects before doing this risky business. I can say from my own experience that I invest when the price of Bitcoin drops from $69k to $40k. I invested expecting a lot of profit but instead of profit I got a lot of loss. But I'm not complicating my loss and I'm not taking any extra stress. I would say to the newbies that before investing one must see all the intricacies of investment and then invest. Because after making an investment, if there is a loss in that investment, it cannot be broken.

Yatsan

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Not a mandatory but would be helpful if you are having the desire to make it big than to just leave it resting on your wallet or banks. It could even also give you the opportunity to leave your job if if ever it would be a profitable investment. But this is not a requirement, just an option. Some people are fine with just saving their money for a long period of time.

Quote from: hannahB4 on May 24, 2023, 06:21:29 PM

The spare money you're talking about is it your savings or just idle money, if is the latter, I will use it because in the next 3 years that same money will be the same in face value but may have diminished in potential value, after three years of investing such money in bitcoin I know I will have a good investment.

What's pyshing away some people from this idea is the risk of losing. Not all people could afford this possibility which is why they are choosing to just secure their money even if its face value would be the same. On the other hand, downside of just daving is for the money to end up just being spent and to not be bigger for years unless you'd add up an amount from your salary.

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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.

Indeed, you got it all right... This thing called greed (some people also call it risk) is actually what has taken most of us this far. Spending your spare money is just a financial advice that one should adhere to if they don't want to face a breakdown when something happens to their investment, but my question is, is there anything anymore that is considered a waste? Because the amount is small, it won't be painful when one loses it.

In as much as we want to get greedy and take the risk of investing more than we can afford to lose because we all crave a higher profit, we should also apply caution when doing it. Let's all not be too greedy and learn how to control our greed before it controls us.

Topic: Why you should use spare money to invest - page 7. (Read 1812 times)