How do you invest in Bitcoin with amount that you can afford to loose?

[rachael9385]

The term "what you can afford to loose" is used mainly in gambling, cryptocurrency investment and trading. They all have one thing in common and that is high risks because you can lose a lot of money in a very short time. Gambling is risky because you depend on luck to win, altcoins are risky because majority of them are scams. Using amount that you can afford to loose puts you in a safe place so if you lose your money you can move on easily.

Should we categorize Bitcoin investment with gambling and altcoins that are very risky by using the same amount that we can afford to loose to buy them? I have pondered over it and I came to a conclusion that Bitcoin is volatile and we should use amount that we can afford to loose to buy it. But amount that we can afford to loose varies depending on what we are buying. For example I can afford to loose 20,000 naira to buy Bitcoin, but I cannot use the same amount to gamble or buy memecoins despite that I can afford to loose it on Bitcoin.

Do you use the same amount that you can afford to loose to buy Bitcoin and others or do you give Bitcoin higher value by using higher amount that you can afford to loose to buy it?

Even though Bitcoin investment isn't really similar to gambling I think that it's better to invest the amount of money you can afford to lose, a lot of people wouldn't agree with this because they have a bit of certainty when it comes to the crypto market but there is a lot that can still go wrong. What happened this month should be a lesson for everyone to learn from, don't put in all you have into anything you are investing in crypto whether you think it is a bullish season or not, always thread carefully

[SmartGold01]

Great opinion, as "invest only what you can bear to lose" goes in all high-risk activities, Bitcoin should be given different view. Just like gambling and other altcoins, Bitcoin proved worth for long-term and solid fundamentals. Therefore true, it is wisdom to only invest what you can afford to lose, yet plenty give Bitcoin higher allocation as it's less speculative and more established comparing to other risky assets.

You know what people don’t understand is that giving investment lower allocation helps them to control their feelings when the market is going sideways or not in their directions and favours, but with smaller amounts they can bear all risks and even though the market drop significantly they wouldn’t be that panicking over what they have lost because they are already prepared with what they uses to make investments.

People allocating small money for their investment will not even help them to control their feelings because that small money can be the money they can't afford to lose, and if the market is going sideways or declining, they can't control their feelings because they will be afraid to lose their money since it is the money they can't afford to lose. The best way to invest in bitcoin to control your feelings when the market is dropping is to invest with your discretionary income.

Well, in every investment Mr A or B does there is a risk index or a tolerance level which they can be able accommodate and accept in their investment and that is what people often refers as what they can afford to lose, you and I know that what you can accept to lose is not what I can afford to lose, but all the same emotions needs to be tackle while doing investment because even though everyone afford what they can afford to lose it would still bounces back to having feelings attached to it and when that happens definitely it surely reflects on their decision to either dump their investment and take profits.

[Mayor of ogba]

Great opinion, as "invest only what you can bear to lose" goes in all high-risk activities, Bitcoin should be given different view. Just like gambling and other altcoins, Bitcoin proved worth for long-term and solid fundamentals. Therefore true, it is wisdom to only invest what you can afford to lose, yet plenty give Bitcoin higher allocation as it's less speculative and more established comparing to other risky assets.

You know what people don’t understand is that giving investment lower allocation helps them to control their feelings when the market is going sideways or not in their directions and favours, but with smaller amounts they can bear all risks and even though the market drop significantly they wouldn’t be that panicking over what they have lost because they are already prepared with what they uses to make investments.

People allocating small money for their investment will not even help them to control their feelings because that small money can be the money they can't afford to lose, and if the market is going sideways or declining, they can't control their feelings because they will be afraid to lose their money since it is the money they can't afford to lose. The best way to invest in bitcoin to control your feelings when the market is dropping is to invest with your discretionary income.

Well, in every investment Mr A or B does there is a risk index or a tolerance level which they can be able accommodate and accept in their investment and that is what people often refers as what they can afford to lose, you and I know that what you can accept to lose is not what I can afford to lose, but all the same emotions needs to be tackle while doing investment because even though everyone afford what they can afford to lose it would still bounces back to having feelings attached to it and when that happens definitely it surely reflects on their decision to either dump their investment and take profits.

Using what you can afford to lose in investment is just using the money that's not meant for your expenses so that if by mistake the asset you invested in goes to zero, you will not be worried or commit suicide. I agree the money you can accept to lose isn't what I can accept to lose because we don't have the same income level, which will make our discretionary income vary.

[Hustle2025]

The world of cryptocurrency is a vast one and most especially Bitcoin, it requires deeper understanding and commitment.
Sometimes people relate investing in Bitcoin as a cryptocurrency to that of gambling, which I believe it's not certainly true.

Investing what you can afford to loose is all about being able to manage lose and also control your investment plan, so that you don't make unnecessary and uncontrolled investment that will make you to loose your fortune.
Investing in Bitcoin requires you to know the dynamics of the crypto market as an investor or a trader and being discipline over your investment plan.

[POPOLUV]

Investing in Bitcoin with amount that you can afford to lose is when you don't think of taking a loan to invest or selling of any valuable asset that might course allot of heartache but you can invest with amount that you can afford to lose when you use your discretionary income which allows you to pay all your bills then that income that should be saved in the bank for saving is what you will pull out instead of just saving and no much profits on the money you are saving in the bank, you will just use that discretionary income and be buying gradually by gradually with DCA strategy that guide you from lossing all you have invested.

[SmartGold01]

Great opinion, as "invest only what you can bear to lose" goes in all high-risk activities, Bitcoin should be given different view. Just like gambling and other altcoins, Bitcoin proved worth for long-term and solid fundamentals. Therefore true, it is wisdom to only invest what you can afford to lose, yet plenty give Bitcoin higher allocation as it's less speculative and more established comparing to other risky assets.

You know what people don’t understand is that giving investment lower allocation helps them to control their feelings when the market is going sideways or not in their directions and favours, but with smaller amounts they can bear all risks and even though the market drop significantly they wouldn’t be that panicking over what they have lost because they are already prepared with what they uses to make investments.

People allocating small money for their investment will not even help them to control their feelings because that small money can be the money they can't afford to lose, and if the market is going sideways or declining, they can't control their feelings because they will be afraid to lose their money since it is the money they can't afford to lose. The best way to invest in bitcoin to control your feelings when the market is dropping is to invest with your discretionary income.

Well, in every investment Mr A or B does there is a risk index or a tolerance level which they can be able accommodate and accept in their investment and that is what people often refers as what they can afford to lose, you and I know that what you can accept to lose is not what I can afford to lose, but all the same emotions needs to be tackle while doing investment because even though everyone afford what they can afford to lose it would still bounces back to having feelings attached to it and when that happens definitely it surely reflects on their decision to either dump their investment and take profits.

Using what you can afford to lose in investment is just using the money that's not meant for your expenses so that if by mistake the asset you invested in goes to zero, you will not be worried or commit suicide. I agree the money you can accept to lose isn't what I can accept to lose because we don't have the same income level, which will make our discretionary income vary.

Exactly that is what I meant, so Investment is of individual capacity and based on their financial level and income, of course not all would accept to make investment and watch their asset decrease the level which could be that unbearable to them. Investment should be something that we can accept whatever that we may come across on the process without at least regretting at the later ends of the investment, discretionary will of course as well varies because of individual differences.

[Skydrill]

The term "what you can afford to loose" is used mainly in gambling, cryptocurrency investment and trading. They all have one thing in common and that is high risks because you can lose a lot of money in a very short time. Gambling is risky because you depend on luck to win, altcoins are risky because majority of them are scams. Using amount that you can afford to loose puts you in a safe place so if you lose your money you can move on easily.

That's where the term "risk" comes to into play, as long as it is an investment then there has to be some level of risk, if there isn't any risk involved then there might not be anything huge in view in terms of dividends hence when investing you should bare in mind that 3 things might happen at the long run, either you may loose, or gain or perhaps get back your capital without any loss or gain from your investment, but it is best to posses a positive mindset when investing.


Even though Bitcoin investment isn't really similar to gambling I think that it's better to invest the amount of money you can afford to lose, a lot of people wouldn't agree with this because they have a bit of certainty when it comes to the crypto market but there is a lot that can still go wrong. What happened this month should be a lesson for everyone to learn from, don't put in all you have into anything you are investing in crypto whether you think it is a bullish season or not, always thread carefully

[Ishicryptic]

Investing in Bitcoin with amount that you can afford to lose is when you don't think of taking a loan to invest or selling of any valuable asset that might course allot of heartache but you can invest with amount that you can afford to lose when you use your discretionary income which allows you to pay all your bills then that income that should be saved in the bank for saving is what you will pull out instead of just saving and no much profits on the money you are saving in the bank, you will just use that discretionary income and be buying gradually by gradually with DCA strategy that guide you from lossing all you have invested.

You don't we quite get the concept of this thread, it is centered on the question whether you can use the same amount that you can loose to buy Bitcoin to do other things that you also use amount that you can afford to loose. Example is if you can conveniently use 50,000 as amount that you can afford to loose to buy Bitcoin if you can also use the same amount as bankroll for gambling because you can afford to loose it? The lesson is that amount that we can afford to loose varies depending on what we want to spend the money on, I can afford to conveniently remove 50,000  naira from my discretionary funds doesn't mean that I can conveniently spend it on anything I like. It will depend on the value of what I want and if it will perish on the short term or last for a long time.

[MainIbem]

Investing in Bitcoin with amount that you can afford to lose is when you don't think of taking a loan to invest or selling of any valuable asset that might course allot of heartache but you can invest with amount that you can afford to lose when you use your discretionary income which allows you to pay all your bills then that income that should be saved in the bank for saving is what you will pull out instead of just saving and no much profits on the money you are saving in the bank, you will just use that discretionary income and be buying gradually by gradually with DCA strategy that guide you from lossing all you have invested.

You don't we quite get the concept of this thread, it is centered on the question whether you can use the same amount that you can loose to buy Bitcoin to do other things that you also use amount that you can afford to loose. Example is if you can conveniently use 50,000 as amount that you can afford to loose to buy Bitcoin if you can also use the same amount as bankroll for gambling because you can afford to loose it? The lesson is that amount that we can afford to loose varies depending on what we want to spend the money on, I can afford to conveniently remove 50,000  naira from my discretionary funds doesn't mean that I can conveniently spend it on anything I like. It will depend on the value of what I want and if it will perish on the short term or last for a long time.

There's no restrictions to what one can use their discretionary for, since it's a fund set aside for other activities asides our basic needs, so it could be used for luxury or for vacation or even for different projects but while some use a large portion of their discretionary for things with higher risks like gambling, the wise people choose to invest their's on Bitcoin which I think is more better and smart enough. I rather use 50,000k from my discretionary to invest in Bitcoin either weekly or so than risk it on having fun or entertaining myself.

[Pikiboy]

If you cannot invest amount that you can not lose , it's simply means you are not business oriented
Because to me in every gain business there's a chance of losing,
This doesn't mean you will used all your money to invest on Bitcoin or either loans money, because is very painful when an investor loan money to invest and at a point the investment fail,
Why not used the money kept for materialistic purpose to invest so when you lose it will not have multiple effects on you as an investor.besides Bitcoin investment cannot be compare to gambling,
In gambling you are in a higher chance of losing because you will depend on winning big and Bitcoin investment you have the knowledge to know when it's reducing and when is high.

[DaNNy001]

Just because bitcoin isn't like gaming and there is a level of certainty about it compared to gambling doesn't mean that you should invest amounts that you can't afford to lose...some people invest huge amounts of money becaue they are chasing big profits, its okay when its within your capacity but in a case whereby you invest an amount of money that you cannot afford to lose you are taking a wrong step.

[Lida93]

Do you use the same amount that you can afford to loose to buy Bitcoin and others or do you give Bitcoin higher value by using higher amount that you can afford to loose to buy it?

In any investment journey, using the amount you can afford to lose should be the core watchword that should guide the Investor and it should also be based on the risk level of the asset you're investing in. For instance, using bitcoin and altcoins, they're all cryptocurrency but with different risk level. So what any wise investor would do is investor more funds on bitcoin and risk very less in altcoins assuming he wants to delve into other coins other than bitcoin.

[Agbe]

Discretionary funds is money that is usually set aside for individuals who are into high risk investments or even gambling, which the probability of getting a return back on their investments is low uses as a precautionary measures to safeguard themselves from heavy loses. Even though I can't classify Bitcoin investments as a high risk investments due to its stable nature it's common sense and knowledge that any investment one is going into should be done in such a way that only money that is not budgeted for should be used. Especially when it comes to Bitcoin investment because Bitcoin investment is not something that you see return early but it takes time so it's important one use discretionary funds always.

[Oshio-man]

Investing in Bitcoin with amount that you can afford to lose is when you don't think of taking a loan to invest or selling of any valuable asset that might course allot of heartache but you can invest with amount that you can afford to lose when you use your discretionary income which allows you to pay all your bills then that income that should be saved in the bank for saving is what you will pull out instead of just saving and no much profits on the money you are saving in the bank, you will just use that discretionary income and be buying gradually by gradually with DCA strategy that guide you from lossing all you have invested.

You can use the little of your income in your business to invest in bitcoin, and you can afford to lose it, as long you don't invest your capital or all the income you are making daily in bitcoin, you will not regret because the amount of funds you invest is not huge compared to what you have as reserved to tackle any other financial issues may occur, dollar cost average (DCA) can guide you to achieve what you want in your bitcoin investment, but you need other source of income that will be sustaining you for the long term you are going to hold the bitcoin before you can trade.

[Smartvirus]

The term "what you can afford to loose" is used mainly in gambling, cryptocurrency investment and trading. They all have one thing in common and that is high risks because you can lose a lot of money in a very short time. Gambling is risky because you depend on luck to win, altcoins are risky because majority of them are scams. Using amount that you can afford to loose puts you in a safe place so if you lose your money you can move on easily.

Should we categorize Bitcoin investment with gambling and altcoins that are very risky by using the same amount that we can afford to loose to buy them?

Na true say these investments share a high risk factor in common but, that statement no Dey more about the investment rather, na about you as a person. The statement na one way seek to help you Dey at peace with yourself and decisions in any eventuality of a loss. E help you to acknowledge day, you fit make mistake and it’s okay but if not, you go enjoy the profit way come with the risk you’ve taken.

Still, we no fit classify Bitcoin, Altcoins and Gambling in the same way. As much as them share certain similarities, na so them get far greater distinct features way widen the space between them.

[Duru_01]

Bitcoin my bro be like investment and most investments takes long time before yielding profit. Bitcoin has been tested over the years and has proven to be both the present and the future hance it can never be said that it crashed. You just need to be patient after buying so as to make more profit from it and remember not to invest with the money for today (the money you will be needing to take care of your needs today) rather invest with the money you won't be needing in the near future so you don't end up selling after few days of buying it, but one thing is sure Bitcoin has come to stay and won't be crashing.