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Author Topic: "Only invest an amount you can afford to lose"  (Read 1269 times)
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pooya87
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December 15, 2021, 04:51:48 AM
Merited by mk4 (1)
 #41

The network is the same today as it was a year ago when the price was only $10,000.
It's "the same", except we literally have public companies and an actual country holding bitcoin in their balance sheets now.
Technically the "network" is not the same either Tongue
We've had a soft fork that added a new witness version and opened bitcoin up for new possibilities and increased scalability to some extent as people are now using Taproot.
The hashrate has gone up so the network is more secure. It has also spread more which means increased decentrailzation.
Same thing about number of nodes which have grown all around the world.
We have also seen tremendous growth in lightning network (overall adoption, increased number of nodes, capacity and channels).

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December 15, 2021, 06:00:52 AM
 #42

Some phrases seem to help "hit"/guide common sense but regardless of that the important thing is to know what is going to happen; bitcoin will give you a return based on the trust of your financial possibilities not of the illusions of changing your life.

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December 15, 2021, 06:11:28 AM
 #43

Investment is like gambling.
Some people want to invest more and earn more, but in many cases, the consequences of this idea are beyond people's affordability. When many people invest a small amount of money, they are always misled by others "be brave and try boldly." If they make money, they will be very happy and they will invest more and more. If it fails, it may require great psychological and financial affordability.
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December 15, 2021, 06:32:32 AM
 #44

"Only invest an amount you can afford to lose."

Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.

Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?

I agree but the problem I believe is not with the Bitcoin Investment now as you said but as we see nowadays heavy investment on new projects and meme coins. Investors are daring to take more risks now with their investment and some will continue to invest more than they can afford to lose even when they know that is risky they are willing to take it hopefully because of greed which I believe is more with crypto investing these days. 
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December 15, 2021, 10:33:54 AM
Merited by mk4 (1)
 #45

Investment is like gambling.
Some people want to invest more and earn more, but in many cases, the consequences of this idea are beyond people's affordability. When many people invest a small amount of money, they are always misled by others "be brave and try boldly." If they make money, they will be very happy and they will invest more and more. If it fails, it may require great psychological and financial affordability.

While some do invest like it would gamble, investing is not like gambling.
One can properly check for himself and invest in what he think it's fit. He can choose for himself what risk he can take, he can choose a more or less reliable investment (of course, if he doesn't check this, then it would be gambling indeed). My point is that if one uses his brain when investing, he has a very chance for profit.
In gambling it usually doesn't matter much how well one uses his brain, the odds for winning are not big.
Gambling is for fun, some adrenaline and some occasional wins. Investments are for earning money.

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December 15, 2021, 10:57:48 AM
 #46

Yes, I agree with this. besides, if they can afford to choose new or old altcoins, why would they hesitate with bitcoin. if we look at the current state, bitcoin seems to control the price of almost all types of altcoins.
Apart from that, I also think that seeing that money is being printed so quickly nowadays, I feel that we need to invest in things like this. Apart from that, I also choose to invest in real estate. well, for real estate, i use the rest of the money i saved, with i use the stated statement for crypto.

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December 15, 2021, 12:03:21 PM
 #47

I always suggest "Only invest an amount you can afford to lose" for those who want to join in crypto investment because the risk of losing the money value will always be there and I do not think people are ready with that. People must know about this before deciding to use their money to invest in crypto. Without knowing about the price fluctuation, they can panic when they see the price jump down drastically. But unfortunately, people join in the investment because of the trend and not because they search for more info that the investment can help them make a profit.

It is not something unique to crypto though,,, the adage is something applied to every single investment and in fact if you read every contract that you sign with an investment (traditional like bonds or stocks) there is even the same line of advice there.

People think this risk is only in crypto but it is in EVERY investment,,, never forget this and recall it whenever you see someone claim to guarantee profits.

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December 15, 2021, 01:25:26 PM
 #48

"Only invest an amount you can afford to lose."

I also often hear this sentence, but for me, it is "Only invest the amount you can afford to spend" Maybe because my investment is only according to the capacity I currently have and I can allocate at this time for Bitcoin, whether it's $10 I'll definitely set aside. Either it has become a tradition or I really believe in Bitcoin. However, that is why I will allocate the remaining money after all the requirements at home are met. If it's still not fulfilled then I can't allocate it for Bitcoin, but it becomes double when I already have more funds allocated next week.


You are right... I always say Invest what you can give away...it most not be little or too much, Don't put all your eggs in one basket

Reasons are if you invest too much let's say 90% in a particular investment...(Bitcoin) All the direction will be towards that investment and if there be any delay or setback, onlike what we are seeing now... The stress you or your organization will go through

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December 15, 2021, 03:57:46 PM
 #49

"Only invest an amount you can afford to lose."

Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.

Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?

You are probably right. With the fiat keeping on depreciating in value every year and bitcoin keeping on rising every year I think we have to reverse the asset here.
Instead of holding fiat and investing in bitcoin what we can afford to lose we should instead be like investing in bitcoin and holding fiat money only upto what we can afford to lose  Grin
Also, I think the quote "Only invest an amount you can afford to lose" should not be applicable to bitcoin anymore since it is becoming more valuable these days.
Altcoins are the best assets to fall under this quote though.
DCAing is the best strategy to accumulate more number of coins over a longer period of time and there's no doubt in that.

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December 15, 2021, 04:05:01 PM
 #50

Investment is like gambling.
Some people want to invest more and earn more, but in many cases, the consequences of this idea are beyond people's affordability. When many people invest a small amount of money, they are always misled by others "be brave and try boldly." If they make money, they will be very happy and they will invest more and more. If it fails, it may require great psychological and financial affordability.
When the investment does not produce and the price is getting crushed, then they do not understand the correct investment mechanism. They only care about quick profits without knowing the process to do. Investment takes time. Investment growth will be seen in months or years. This type of long-term investment will be better if you use free money. Getting into investment also requires financial management, so when the price drops, you still have a backcup to buy at a lower price.

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December 15, 2021, 04:31:04 PM
 #51

If we investment in Bitcoin and the market has so much volatile so we have more add bitcoin without any panic . I see most of the people like newbie have becomes to much panicking when btc down it's all temporary and biggest whale wash the money from new users. I see if anybody investment in Bitcoin they have never loose because they have don't sell any bitcoin. If they sell they have in definitely loose . Red market & bearish market has temporary after that bitcoin will definitely will go up with new all time High

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December 16, 2021, 04:15:47 AM
 #52

I always suggest "Only invest an amount you can afford to lose" for those who want to join in crypto investment because the risk of losing the money value will always be there and I do not think people are ready with that. People must know about this before deciding to use their money to invest in crypto. Without knowing about the price fluctuation, they can panic when they see the price jump down drastically. But unfortunately, people join in the investment because of the trend and not because they search for more info that the investment can help them make a profit.

It is not something unique to crypto though,,, the adage is something applied to every single investment and in fact if you read every contract that you sign with an investment (traditional like bonds or stocks) there is even the same line of advice there.

People think this risk is only in crypto but it is in EVERY investment,,, never forget this and recall it whenever you see someone claim to guarantee profits.
I agree with you. But most people forget about that because they have greediness, especially if they see they can make a big profit from crypto, which is happening to many people. If they can remember that the risk will always be there in any investment and be careful when they put their money in the investment, they will not break that and will enjoy their profit while controlling their greediness. So the adage will always work in any investment and we need to calculate the money you will be using for the investment.



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December 16, 2021, 05:06:35 AM
 #53

Investing the money you can afford to lose is still advisable regardless how good the investment is. However this depends on the investor's belief, we know most of us are assuming Bitcoin's price will continue to increase if you hold it for long term.

As for me, I still follow this basic rule when investing because we never know what lies ahead. Bitcoin is the future and its proven to be a profitable investment but im just being a wise not to risk the money that is meant for important things. Thus I opted to be careful despite of the good sides of holding Bitcoin.

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worle1bm
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December 16, 2021, 05:37:08 AM
 #54

Seeing the current economic conditions of fiat it's better to hold fiat and we have been robbing of purchasing power since long so we are losing in them also so it's better to hold btc to the possible extent you can and have better future for yourself as now the statements have changed.

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December 16, 2021, 05:37:31 AM
 #55

Yes I believed that's the best advice we can give to people who are new in this industry because we all know crypto is very risky due to the fact it is very volatile and even OG in this industry cannot predict what will be the market be tomorrow. Always stick to fundamentals as always because it's the best we can rely on in this industry.

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December 16, 2021, 05:55:45 AM
 #56

It is not something unique to crypto though,,, the adage is something applied to every single investment and in fact if you read every contract that you sign with an investment (traditional like bonds or stocks) there is even the same line of advice there.

People think this risk is only in crypto but it is in EVERY investment,,, never forget this and recall it whenever you see someone claim to guarantee profits.
I agree with you. But most people forget about that because they have greediness, especially if they see they can make a big profit from crypto, which is happening to many people. If they can remember that the risk will always be there in any investment and be careful when they put their money in the investment, they will not break that and will enjoy their profit while controlling their greediness. So the adage will always work in any investment and we need to calculate the money you will be using for the investment.

But that greed is really less about being crypto and more about them making money. They would act exactly the same if they were trading stocks or gold or silver,,, same way, using maximum leverage and using maximum loans if they could.

Trust me, these guys will go into Defi and NFT in the exact same way,,, not just because it is crypto but because it is promising them easy money. If something bigger and more lucrative (in their thoughts) than crypto, they'll go there.

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marine4u
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December 16, 2021, 06:39:52 AM
 #57

"Only invest an amount you can afford to lose."
I think this is a valid investment philosophy in any investment model.  When investing, everyone expects profits but mostly forgets about the necessary risks, seeing some people All In and bragging just to say good luck and bless them.  In fact, when applying these lessons, your psychological state is always comfortable, beneficial to health, on the contrary, under Rekt or psychological pressure, your nerves are more compressed.  Bitcoin offers opportunity but don't blindly erase your money.  I learned great lessons with bitcoin from loyalty, trust, patience and my own financial freedom and how I keep it is my choice.
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December 16, 2021, 06:45:41 AM
 #58

"Only invest an amount you can afford to lose."

Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.

Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?

I agree with you 100%. The only option that was present before bitcoin for good returns was stocks. Now let me tell you why bitcoin and other crypto is much better than stocks:

1) You can trade crypto 24*7. This means more earning opportunity and the flexibility to invest as per own time schedule.

2) If we compare the returns also bitcoin and other crypto will beat stocks by huge margin. However, one has to make sure that one does not invest his hard earned money in shit projects.

3) There are lot of other earning opportunities in case of crypto like there is staking which kind of gives fixed returns. There are people who are getting as much as 80-1005 annual returns with staking which is in addition to price growth of the coin.. Such returns are not imaginable in case of stocks.

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December 16, 2021, 07:37:36 AM
 #59

To me I view the money I invest in crypto as "spent money." Akin to me using it to buy a burger. It's gone.
Obviously that is not the case and I hope to make positive returns on my investment. But, I go into investing with that mentality. So to me that is what "don't invest more than you can afford to lose" means. This money was earmarked for no other purpose than investing.

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December 16, 2021, 02:04:23 PM
 #60

you only lose if you sell at a loss... due to impatience/needing to get out too soon
Maximum time i heard that, if you invest some fund in crypto then forget your investment amount, becouse you can lost your amount from investment. But as my opinion it is not correct, if i invest in good project and don’t sell my coin with low price then i can make good profit from my investment.                 

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