Even as we wey Dey this forum don dey hear “use ur discretionary money, Use ur discretionary money” it still get one or two people wey go use their money for expenses take invest.
Even if people no dey follow this talk, e dey very important to still dey bring their attention come there because some people go still dey wey the advise go enter and go abide by am. And even those wey no abide by am go still get something to fall back to and no go deny say them no warn them about am. Bitcoin investment dey very attractive but when we dey invest, make we use our sense and no put ourselves for pressure wey go make us no get better and profitable investment in the end.
Personally I think there shouldn’t be too much emphasis on this phrase “not investing more than what you cannot afford to lose” on investment discussions but it should be “invest what you can afford to hold for a long period of time” this will help keep you away from losses as during investment short term investors are those who usually run into loss because they want to make quick profit from their investments.
I don for long see bitcoin investment to be something wey be say the phrase; ”invest what you can afford to lose” na wetin everybody dey use explain am when e come to investment but now na ”invest what you can afford to hold” because with bitcoin investment, you no dey at risk of losing any money if you hold for the long term and only you take profit when your portfolio don grow and your profit target don reach. To enjoy your investment for Bitcoin, make e be for the long time.
