Topic: Why you should use spare money to invest - page 8. (Read 1942 times)
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.
Is better to use small money or learn risk management first before investing especially newbies.
Using small money is still part of the risk management strategy. Is it not? So use small money to "taste the waters" before going all in. Basically, you have to invest in accordance with first your financial goals and second with you level of knowledge about bitcoin. Bitcoin still remains a highly volatile asset and even though you stand to profit massively from its investment in the long run, there is also a chance that you could lose all you've have. Worst than using spare money is borrowed money don't even think about it unless you have thought it through and through. Your decision on how much money to invest should be based on how much you can afford to lose. We must be certain that we understand how to manage and deal with the risks associated with the investment we would make.
To avoid future regrets, we must be firm in our investment choices. We must be clear about our long-term objective before investing, and if we have great expectations for achieving our target profit, I believe it would be prudent to set aside enough money for it. We must ensure that we are setting aside a portion of our income for investments because we all know how important they are to our future.
Is better to use small money or learn risk management first before investing especially newbies.
Using small money is still part of the risk management strategy. Is it not? So use small money to "taste the waters" before going all in. Basically, you have to invest in accordance with first your financial goals and second with you level of knowledge about bitcoin. Bitcoin still remains a highly volatile asset and even though you stand to profit massively from its investment in the long run, there is also a chance that you could lose all you've have. Worst than using spare money is borrowed money don't even think about it unless you have thought it through and through. 
Sometimes people think that all others currencies are more risky than bitcoin but I think that bitcoin itself is very risky because not everyone is master of taking good decision. Small amount is good idea but sometimes people put more and more money into bitcoin after which when they need it they cannot sell it or wait more because they need to fulfil their requirements as well as to earn money through bitcoin investment. Therefore it will be better for all crypto investors or traders to just use little amount of money because if you select large sum so this greediness will destroy all your income.
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.
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.
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.
One of the reasons you should use reserve money to invest is because all investment assets have a risk of falling in price. It would be very wise to use reserve money for investment because it is not yet known whether this money will be used for any purpose. Early anticipation is needed before deciding to invest, using cold money for investment can reduce panic, stress or depression if the value of your investment suddenly decreases in value or even disappears due to a significant price drop.Is better to use small money or learn risk management first before investing especially newbies.
Of course all normal being don't like the name of losing in an investment, but any investment media has a risk of loss. It is necessary to do thorough research before investing, let alone known Cryptocurrency investments are like a double edged sword.
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.
That's somehow normal in this world, after all, we are just humans who are bound to make mistakes. I'd say that let them make some mistakes in their life so that they will learn, it might be an expensive one though but it is what it is, there will no experience and lessons if there are no mistakes as we cannot just grow from reading alone and reflecting from other people's mistakes. It's still best if we are the ones who will experience it so that we know what's the feeling, and by that time, you will not want to be in the same situation again.
We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.
In the end, those who are often swayed by signals from any group or other people's speculations or even from the hit and run of new altcoins will realize that they have chosen the wrong path to make quick profits. Because people like that will be more easily used by any project team to vent their lust through buying coins in large quantities so that they forget to do research on what they are buying. And I don't think there's any need to worry about that kind of person because in the end he too will realize for himself what they have done.Quote
Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.
I also agree with this point because an emergency fund is for sudden needs in life, not to vent greed in investing. Because investments can be made at any time with special funds that have been prepared in advance and that can also provide a small profit for the investor. The advantage is that he can survive when the assets he invests experience a price decline in the market which does not have to make him panic and sell his assets at low prices.
Because we must plan for the possibility that something can go wrong throughout the investment. Investors must be properly managed in terms of both funds and risk. Therefore, managing money is crucial to making and ensuring that we establish the proper investment and quantity, regardless of the things we are investing in. Therefore, even though there are hazards, we can at least reduce them and be prepared for any problems that may arise.
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.
We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.
I totally agree if you are planning to invest with this kind of market industry, it's good to make sure that you are aware that heavy volatility can hurt your money, using your savings out of greediness might lead you to lose a lot, better to use spare that you can hold for longer time. Certain amount that you are willing to forget if the market is not favoring your side, or if you are willing to maximize the benefits, having that kind of spare will allow you to make decent profits if the market will have a strong bull that bring another new ATH.
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.
We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.
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.
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.
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.
We use spare money to invest into crypto because
1. Crypto is a risky investment, and it's highly volatile.
2. We can lose access to the assets because of hacks or our mistakes.
3. Something bad can happen to any crypto project at any time.
Everything crypto is too risky to be fully comfortable about, that's why using spare money is the best way to handle crypto investment, some people are out of crypto today because of the risks.
1. Crypto is a risky investment, and it's highly volatile.
2. We can lose access to the assets because of hacks or our mistakes.
3. Something bad can happen to any crypto project at any time.
Everything crypto is too risky to be fully comfortable about, that's why using spare money is the best way to handle crypto investment, some people are out of crypto today because of the risks.
The main step before investing is to fulfill daily living needs, so if it's safe, then we look at our savings as a backup if something happens so we can move quickly to handle it. after that, if both have been fulfilled, we can budget funds for investment, these funds are truly idle funds, which need to be developed rather than losing value if stored, because of the growth rate of inflation from time to time. This way of thinking aims so that in investing we can be calm in facing obstacles as long as fluctuations occur
The answer is extremely simple:
1. Money lying around without movement loses its value.
2. Investments are an opportunity to receive additional income in the future, which may be much higher than pension and social benefits.
3. Your investments are new companies, new workplaces, more taxes in the state budget
Investments are the development of both the economy and the strengthening of your financial position in the future!
1. Money lying around without movement loses its value.
2. Investments are an opportunity to receive additional income in the future, which may be much higher than pension and social benefits.
3. Your investments are new companies, new workplaces, more taxes in the state budget
Investments are the development of both the economy and the strengthening of your financial position in the future!
Is better to use small money or learn risk management first before investing especially newbies.
Volatility can create profit opportunities if you want to invest in Cryptocurrency, if you want to invest in Bitcoin, you must manage your finances wisely. That is the reason why you must use money you can afford to lose or your investment portfolio must be diversified. Normally loss in business, career and investment is a valuable lesson for mental formation to achieve success.It takes patience to win, that's why it's so important to manage risk, you have to set aside some money for your personal needs or to pay for your daily needs. If a position moves against the tide, you still have some spare cash to fund investment if needed.
In any investment or even gambling, it is best to use your spare money which is different from your savings and your emergency money since anythinf can happen and you will just think of that money as for entertainment purpose only. That means it is the amount in which intended for throwing, it also means if that amount lost, you won't have a hard time accepting such losses.
One thing I commonly noticed about investment and gambling is that, people used to expect too much out of it. That also means the thing called "EXPECTATION", is the one responsible why people always be tempted to greed.
One thing I commonly noticed about investment and gambling is that, people used to expect too much out of it. That also means the thing called "EXPECTATION", is the one responsible why people always be tempted to greed.
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