JJG’s Outline of Bitcoin Investment Ideas

[SmartCharpa]

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

Of course, it is better to allow people to understand what they are putting their money into. They should understand that it is not an easy way to make money, if you don’t make it clear to some people they will misunderstand Bitcoin as a way of making quick money. It’s better they know from the beginning of the journey, even if they become discouraged because it is better for them to be from the beginning than to hold you responsible for encouraging them to invest in the future.

However, some people nowadays can only have confidence in something if they believe it will benefit them 100% and nothing like that is guaranteed in Bitcoin. The market might turn around tomorrow. So it’s better for everyone to understand its value and avoid chasing quick profits.

[Moreno233]

But I don't think it's necessary to do that with Bitcoin because we still need to pursue other things that might become our primary choices in life. Therefore I believe allocating entirely to investments is only for certain people who have more than one source of income. If you don't have that as I said it's difficult to dedicate all your income solely to Bitcoin simply because you're worried about sudden needs. Having multiple sources of income is something you don't need to worry about.

having multiple sources of income shouldn't be what everyone should be chasing because that is not what ensures the investor have enough capital for investment, rather what we should aspire to have a reliable source of income that is enough to give us the discretionary income we need to make investment in Bitcoin. You can be doing three jobs, barely have time for yourself yet fail to have adequate discretionary income that is needed for investment, this is the reason I prioritize quality over quantity.

I don't want us to dwell with the false idea that having many sources of income means we will have excess capital for investment. We should always aim to have discretionary income which is what is needed to make investment in Bitcoin.

[Primark]

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

These days, some people are taking the term "afford to lose" the wrong way. It's not right to take this term to gambling. No one here is telling you to buy Bitcoin and then be prepared to lose. Rather, the term "afford to lose" is trying to convey that someone should not invest at the expense of their essential expenses, emergency funds, family responsibilities, or cash flow. They should continue to save consistently within what they can afford.

[JayJuanGee]

Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remain new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

Surely any newbie could feel scared about getting involved in bitcoin, yet it seems that one of the remedies for fear is adjusting position size to a lower amount while getting accustomed to the process of buying bitcoin and perhaps even needing to strengthen cashflow management practices for guys who might not already have reasonably good cashflow management practices.  To me, it seems that guys are both advantaged by strengthening their cashflow management practices as they are involving themselves in bitcoin, and there might even be a bit of a preference to adjust one's cashflow management perspective based on their having had gotten involved in bitcoin - even though the cashflow management and the building of the bitcoin holdings can be done in a way that prioritizes building both of them together in ways that one complements the other, while hopefully at the same time building and strengthening overall wealth and psychology around well-being (and increasing options).

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.
“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

You might want to read some of my repeated posts on such topic.. which I am getting a bit tired of repeating myself in regards to the "don't invest more than you can afford to lose" expression as being the most appropriate when we are referring to our bitcoin investment.

So then your desire to use the watered down expression shows you as being out of sync with the sentiment of this thread (since this thread relates to "my" ideas about bitcoin investing), and my ideas about investing in bitcoin suggest that it is misleading to go into bitcoin with an expectation of a guarantee that you will not lose money or that it is guaranteed to go up, so therefore the expression not to invest more than you can afford to lose is the better of the ways of suggesting that both newbies and oldies get into and stay into bitcoin. 

Too bad that you seem to understand that investing in bitcoin is not guaranteed, yet you want to use expressions that make it seem as if investing in bitcoin were guaranteed.

Perhaps what is meant is to allocate the entire discretionary income on bitcoin investments, I agree with this. When we are going to allocate most or even the entire amount of discretionary funds that exist this is not bad but on the other hand we must be able to eliminate worries or doubts and I think if it is in doubt then it is better not, because my own experience when I doubt something but still do it makes the results less than optimal.

When we have income that can be spent then it is a good time to invest bitcoin, not by waiting on finding a price that we think is suitable or felt it was time, it will only delay the investment. In addition do not focus on the profit better focus on its accumulation and myself invest the funds that I can afford by considering it lost.

If the allocated funds are discretionary funds it's not a problem because they exceed their needs. So investing in Bitcoin with any amount of money is a good idea. This is because the funds are no longer used for other needs unless the funds are not more than necessary so needs are the main priority for anyone. However if the funds are discretionary funds it's better not to invest entirely in Bitcoin. Although these funds are free funds we still save a little more. When a situation arises we will certainly have funds set aside even with discretionary funds but we can resolve unexpected problems. This is only intended to re-visit the investments we have made. Therefore I think it's appropriate because even if it's not a large amount setting aside discretionary funds is part of our interests and also helps us anticipate events that could lead to deviations.

If we had that I think everyone would invest in Bitcoin. This is more geared toward those with multiple income sources. This makes it possible for them to invest any amount they desire in Bitcoin. They have one side for spending while the other is solely for investing in Bitcoin. This focus is more practical and secure in determining the amount for consistent investment.

I think that it is better to consider the discretionary funds as having the options for investment, savings and/or discretionary consumption, so it becomes problematic to overly allocate discretionary funds to investment.  Of course, if our savings (back up funds) are building up then we might not need to add more discretionary funds to savings, and if we don't have any desires for discretionary consumption, then we can have periods in which we do not discretionarily consume, yet over time we likely need to have some discretionary consumption too, so investing no more than we can afford to lose has a psychological component that likely ends up allowing for some amount of both savings and discretionary consumption for many of the periods (whether weekly or otherwise) that we are considering buying bitcoin.

Yes, currently but many people do it based on price comparisons. I think this makes them always behind not wanting to reach points of success in their investment progress. They always compare prices which is their benchmark making it difficult for them to own Bitcoin.

Protection should always be our top priority whether we collect weekly or monthly. This simply aims to focus on protecting what we collect preventing failures in our initial planning and preventing delays.

It's common for people to compare the current price of Bitcoin with the price from previous days, and such comparisons usually result in hesitation. People constantly wait for the right moment, but the fact is, during that time when they hesitate, they lose chances to increase their position.

I totally agree with the idea of making protection the primary goal regardless of how often we invest in our assets. Whether one purchases Bitcoin once a month or once a week, it doesn't matter. All that matters is that we need to use a safe wallet, back up our private keys and avoid making impulsive decisions.

Sure, there are preferences to hold private keys to bitcoin wallets and to not keep bitcoin on exchanges or with 3rd parties, yet knowing about personal wallets and private keys is not required to get started buying bitcoin (or bitcoin price exposure), and surely it seems that the larger our bitcoin holdings, then the more importance will be ascribed to making sure that the funds are not going to get lost, stolen or frozen,  yet at the same time, there can be a considerable amount of variation regarding how much funds are protected and the various ways that guys might hold bitcoin and/or bitcoin exposure.  Sure many of us have preferences most (if not all) bitcoin are held personally, yet it is not required for everyone to make such choices to either get started or even to continue to figure out the various risk balances that they might enter into in regards to their bitcoin.

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.
“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

There is absolutely nothing wrong with the phrase, what he is trying to say is that you should invest with a discretionary income, money that you can afford to loose, there is absolutely no guarantee of profit in bitcoin, which is why you’re advised to invest in a long term.

And there is something that is called risk management, you have to do what is right, so you can manage the risk associated with bitcoin investments, bitcoin investment is not gambling, so which is why you have to invest money that you can afford to loose.

For sure the expression "risk management" tends to be broad, and it might not even say a whole hell of a lot if it is not explained in terms of the various things that any of us might do in order to try to make sure that we are not going beyond our financial and/or psychological boundaries...and surely "not investing more than we can afford to lose" is one of the conceptual frameworks that likely has also financial and practice oriented compliments that relate to our choosing how much of our discretionary funds that we are willing to put into bitcoin, whether weekly or within any other time period that we are choosing our bitcoin buying amounts.

[Furious 7]

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

I think the narrative about bitcoin that will continue to rise is not entirely wrong because when talking by current data as time goes by its value rises but it needs to be emphasized that there is a process and in bitcoin there are 2 cycles that we cannot forget where bearish and bullish remain.

Bitcoin increasing is a certainty but the process is not straight where this will continue to increase because we have to be in the 2 processes that I mentioned and sometimes not all investors want to understand it just because the assumption is in bitcoin will not lose so they start by not paying attention to the process.
There are no guarantees for the future but when we believe that the path we feel is right by being in bitcoin then our hope will continue to exist that this can get us out of the system that is already maintained by the current government.

What I felt as a beginner in a few years ago my thinking was quite wild towards bitcoin but the longer we learn bitcoin then we will be at a point where we will realize that the wild impression by getting rich instantly by being in bitcoin and making purchases without caring anything including by not considering our cash flow it can be repaired slowly.

[Rockstarguy]

@JayJuanGee himself also says to think positively about such things. I never see the saying “invest money that you can afford to lose” in a wrong way. This does not mean that we want to lose money. Rather, it means investing without destroying your lifestyle, basic needs, emergency fund, family responsibility and cashflow. You know that although Bitcoin is a strong asset in the long term, it can be volatile or go down in the short term. So if you buy with the money you need, you are putting yourself in a position to sell.

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

[CageMabok]

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That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

I think some new investors already understand what you're saying, because not all investors are immediately reckless in investing any funds just because they're reminded of Bitcoin's rising price. Moreover, your advice has been widely discussed by some experienced investors for a long time. This has enlightened new investors interested in Bitcoin and helped them take the right steps and avoid mistakes, both in using their funds for investment and in using certain methods to manage their investments for the long term.

[Hardyrobust]

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

These days, some people are taking the term "afford to lose" the wrong way. It's not right to take this term to gambling. No one here is telling you to buy Bitcoin and then be prepared to lose. Rather, the term "afford to lose" is trying to convey that someone should not invest at the expense of their essential expenses, emergency funds, family responsibilities, or cash flow. They should continue to save consistently within what they can afford.

In real sense what an investor can afford to lose, doesn't mean that they will eventually lose the money or that is certain they will lose the money. But rather since they won't be making use of this money for years , it will be best if they invest with an amount they can easily lose without it affecting them negatively. Since the money invested in bitcoin won't be make use of for years, it will best to used money that won't be needed for an urgent purpose or needs.

[ejikeme24]

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

We are not even supposed to be using that term "invest with what you can afford to loss" in this context. That term is mostly applied in  activities or game that is a paid form of entertainment for example gambling; I know there's no guarantee about the outcome of our Bitcoin investment but even at that there's a big difference between Bitcoin investment and gambling because I have never had that people are losing money in bitcoin investment unlike gambling where Lossing is inevitable. It will be more appropriate to say that "we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

[Sobz]

we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

What is the different with investing according to the level of discretionary income and with the amount one can afford to lose? Their is nothing wrong with term many beginners made mistakes in investment because they didn't understand the amount they needed to invest. With your rank I expect you to put beginners through who dont understand how to about investing but it seems you dont know better and you are confidently saying the the term investing in the amount one can afford is wrong in bitcoin investment.

[Sonia_123]

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That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

I think some new investors already understand what you're saying, because not all investors are immediately reckless in investing any funds just because they're reminded of Bitcoin's rising price. Moreover, your advice has been widely discussed by some experienced investors for a long time. This has enlightened new investors interested in Bitcoin and helped them take the right steps and avoid mistakes, both in using their funds for investment and in using certain methods to manage their investments for the long term.

In addition, Investing what you can afford to lose also helps you see the importance and value of your discretionary income which seems worthless before you, because as you keep on investing with those little little funds that seems irrelevant, some day will become your bedrock of wealth from bitcoin investment, therefore no amount is worth losing to matter how little you see it to be .

Investing with the amount you can afford to lose is just another form of utilizing your waste and turn it meaningful, if you understand it from that aspect then you will know that bitcoin has really helped you in managing your resources properly.

[Grease5000]

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

We are not even supposed to be using that term "invest with what you can afford to loss" in this context. That term is mostly applied in  activities or game that is a paid form of entertainment for example gambling; I know there's no guarantee about the outcome of our Bitcoin investment but even at that there's a big difference between Bitcoin investment and gambling because I have never had that people are losing money in bitcoin investment unlike gambling where Lossing is inevitable. It will be more appropriate to say that "we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

You are  right because the real advantage is not about how much one invest or investing big, but investing the right way. With bitcoin being a long term asset  it makes sense to buy with discretionary income. Because  it removes unnecessary pressure and makes it easier to stay consistent with DCA instead of being forced to sell because of poor planning.

[JayJuanGee]

In essence, being aggressive or buying aggressively is legitimate anyone if it is still within our ability or our own discretionary funds. With the discretionary funds we have, we can use them for anything, such as saving or investing and being aggressive in buying bitcoin is like accumulating all the discretionary funds we have on investments and of course this is not wrong because it is in accordance with the ability of our own discretionary funds.

That's not what buying aggressively is all out because it's not realistic for anyone to buy bitcoin with all his discretionary income neglecting his discretionary consumption and building his emergency funds. You don't need to go beyond your limit and forget to put in place the necessary funds to make your bitcoin investment journey smooth.

you are correct @Merit.s that the meaning of "aggressive" is not necessarily investing all of our discretionary funds, and it seems quite likely that if guys are ongoingly investing into bitcoin very close to or at 100% of their discretionary funds, they are quite likely being too aggressive in their approach, since there are likely ongoing needs, as you suggested, to account for both discretionary consumption and the building up of back up funds.

Emergency funds is needed to backup your bitcoin investment and it is being set up from your discretionary income and it must be at least three months of your monthly expenses.

It can be misleading to suggest that there is a requirement to have emergency funds (or back up funds) at 3 months of our expenses, even if there is likely an ideal state in which we would be building up to getting both our back up funds and even the amount that we invest into bitcoin to be at 3 months of our expenses for each of those funds, yet if we think about the matter, if we add up the two funds, then that ends up being half a year of our expenses, and if we are starting at a low amount of back up funds, then it could well take a year or even a couple of years to get both of those up to those levels, and we may well even choose to put more emphasis on the building up of our bitcoin holdings once we achieve some base level of back up funds (such as 2-4 weeks of our expenses in our back up funds), so even though we might be ongoingly building up both our bitcoin holdings and our back up funds, we might strike a balance of priority that leans towards building our bitcoin faster that causes to take longer for us to reach that spot in which we have reached 3 months or even more than 3 months of back up funds.

Another thing is that a main justification in our keeping so much cash on hand, is that we are counter-balancing keeping all of that cash with an ongoing building of our bitcoin holdings, and sure we cannot really know if our bitcoin holdings will perform or not, yet part of the reason that we likely are tending to try to put more emphasis on building up bitcoin, even if it might go through extended periods of great volatility, is because we likely consider bitcoin to have decently good odds of having an upward price trajectory that is likely better than other places that we could put our value, even though also there could be other assets and/or investments in the short term that might be appearing to be outperforming bitcoin in terms of their price-performance.

There have been many times that guys in this thread (including myself) have tended to stress that guys who have relatively high levels of uncertainty in regards to their income and/or their expenses (including great fluctuations), then they may well have to error on the side of keeping more cash than guys who have more stable and regular levels of income/expenses.  In the end, each of us has to figure out how much we might push investing in bitcoin versus holding back for savings and/or versus discretionary consumption that we might do, and if we end up screwing up our balance in one direction or another in terms of any of those three discretionary categories, then we have to pay the price for our mistakes..and yeah, there are no likely perfect balances, yet instead a range of acceptable amounts that each of us choose regarding how whimpy or aggressive that we want to be in any of the three categories in regards to how we choose to allocate our discretionary funds on a weekly or monthly basis..

You cannot deprive yourself from your discretionary consumption which is also important to you because you must have one or two that you will need to buy.

I am not exactly sure what you mean here.  I understand that we cannot deprive ourselves of discretionary consumption, but the part of "one or two" needed to buy is unclear, unless you are just referring to the balancing of investing and savings in respect to discretionary consumption choices that are made.  By the way discretionary consumption tends to be wants rather than needs, even though sometimes there might be very compelling reasons to spend the discretionary funds in a certain direction. Let's say for example, we have an older sister who is regularly sending us money for gifts and helping us with various projects that we have, and maybe when her birthday comes, we know that we could choose to spend a small amount on her or we could spend a larger amount, and we  might have some obligation to spend the larger amount in order to keep ourselves in good relations with our sister.. so we might end up spending $100 rather than $10 merely so that we can send a message to our sister that we appreciate the various ways that she had been helping us through the year. 

Yes, maybe my example is not great, even though I want to suggest that the $100 present to our sister in this case may well be considered to be a part of discretionary spending, even though there are strong justifications that we "need" to spend the money, even though in theory the amount is "optional."  There are various times that it might be difficult to know exactly which expenses are needs versus wants, and so sometimes we also might have to purposefully keep some extra money (perhaps in our reserve funds) that we keep for the various expenses (like a gift to our sister) that we might consider to be a want rather than a need, yet at the same time something that might get us into a lot of bad karma if we are not making sure to fulfill those kinds of social obligations that we have to various people in our lives (hopefully without overdoing it in that particular category, too).

Aggressive buying is when you use a larger portion of your discretionary income to buy Bitcoin. For example instead of sharing your discretionary income into three equal part of 33.3% each. You decided to use 45% of your discretionary income to DCA.

That's a reasonable illustration.  45% invested into bitcoin is more aggressive than 33.3%, and yeah, maybe the 45% is an amount that is sustained every week, and maybe the 45% is a once in a while amount that a guy might purposefully choose to do on certain occasions.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.
“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

You seem to be fighting the expression of "not investing more than you can afford to lose" @SOB in terms of wanting to imply that the phrase applies more to gambling rather than bitcoin investing.

Sure, gambling and even trading tends to have more luck than investing in bitcoin and even a lot of areas where trading or betting can end up going bad, yet we are quibbling if we try to proclaim inapplicability to the expression "not to invest into bitcoin any more than you can afford to lose."  It is likely better to just embrace the applicability of such expression to bitcoin rather than to ongoingly fight it, as it seems several guys are ongoingly doing.

Each of us has to figure out how to come to terms regarding how we invest into bitcoin and how we think about the various amounts of value, time and energy that we might be putting into bitcoin on a weekly basis and even continue to keep in bitcoin during the likely ongoing and persistent up and down periods that might sometimes cause us to feel uncertainties about how much time, energy and value that we might have had put into bitcoin or even how much value we are considering to continue to put into bitcoin. 

Many times we might struggle, whether we are in the very earliest of years of buying bitcoin and even when we have been in bitcoin for a long time, and we might have even gotten to a point where we are no longer ongoingly buying bitcoin on a regular basis, yet we are still in a stage in which we might be maintaining our bitcoin holdings, including through periods that the BTC price might have dropped considerably and might even be contributing to us feeling uncertainties regarding if the BTC price might continue to go down more or causing us to question timelines and even amounts that the BTC price might recover from areas that we consider to be depressed (and/or lower than where we though that the BTC prices would be).

Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

Investing with what someone can afford to loss doesn't mean an Investor should use an amount of money that won't worth something in Bitcoin no, what we can afford to lose should be something reasonable that will help our portfolio to grow with time. It is correct that with gradual and consistent accumulation we would get to a better height but I can tell you for free that there are some amount you will use in Bitcoin investment no matter your consistency you will be back and it will look like you are not making progress.

For sure, there have been guys historically who chose to buy bitcoin in a more conservative way than other guys with similar levels of discretionary funds, and some of those guys had regrets years down the road when maybe they could have had easily bought $100 per week in bitcoin, yet they had purposefully chosen to buy $30 per week because they retained too much uncertainty and fear about putting "that much" into bitcoin when that remaining $70 per week could be used in other ways..and so perhaps by the time they realize their mistake 4-10 years or more later, then they also realize that they cannot go back in time to make up for the shortage that they had purposefully caused within their own budgetary choices.

And, yeah, we may well not have any clue about how things may or may not turn out, even though when we look back after 4-10 years, we might reassess what we had done, and we may well have more regrets than we should have had ended up having... and yeah, the regrets could go either way.  Maybe 4-10 years or more down the road, we end up regret putting too much into bitcoin, and maybe we end up regretting putting too little into bitcoin?  We likely are not going to know for sure until the time has passed and we end up having to live with the consequences of whatever level of balances that we ended up deciding to strike.

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

Of course, it is better to allow people to understand what they are putting their money into. They should understand that it is not an easy way to make money, if you don’t make it clear to some people they will misunderstand Bitcoin as a way of making quick money. It’s better they know from the beginning of the journey, even if they become discouraged because it is better for them to be from the beginning than to hold you responsible for encouraging them to invest in the future.

However, some people nowadays can only have confidence in something if they believe it will benefit them 100% and nothing like that is guaranteed in Bitcoin. The market might turn around tomorrow. So it’s better for everyone to understand its value and avoid chasing quick profits.

Yep.

It can be quite challenging to talk with newbies (no coiners) about bitcoin, since frequently they seem to want that you give them assurances and/or to take responsibility for their decision, and if you tell them that they are responsible for their decision and that they have to figure out how much they are going to put into bitcoin and that they have to figure out how to make sure that they are not investing beyond their discretionary funds and that they are building and maintaining sufficient back of funds and strong cashflow management.

If you say all of those things, then they may well come to an erroneous conclusion that you are not convinced enough about the future success of bitcoin and/or their choice to get involved in bitcoin (if they were to choose to get involved in bitcoin).

And, even your telling them that you are ongoingly buying bitcoin might not even be enough for them to look into the bitcoin matter and to get started buying bitcoin.

Frequently, there is ONLY so much that you can do in your talking about bitcoin, even if you might be trying to help friends and/or relatives to become interested in bitcoin, to look into bitcoin and/or to start to buy bitcoin within their budgetary tolerances.

[Alonso_]

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

We are not even supposed to be using that term "invest with what you can afford to loss" in this context. That term is mostly applied in  activities or game that is a paid form of entertainment for example gambling; I know there's no guarantee about the outcome of our Bitcoin investment but even at that there's a big difference between Bitcoin investment and gambling because I have never had that people are losing money in bitcoin investment unlike gambling where Lossing is inevitable. It will be more appropriate to say that "we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

I think you’re taking this term in a different way, there is no problem if you choose to use that phrase, because you’re always advised to to invest in Bitcoin with money that you can afford to loose simply because there is no guarantee in investing in Bitcoin, and you have to be careful when investing with Bitcoin by investing with your discretionary income, as an investor you need to be very cautious when investing so you don’t invest with money that is meant for your expenses that would obviously be a dead end, there is a huge difference between investing in bitcoin and gambling, it’s totally two different things, bitcoin gives a different opportunity if you keep investing on a regular basis, but gambling wouldn’t give you a second chance it’s either you win or you loose, investing with what you can afford to loose as a phrase isn’t wrong.

[Munaland]

we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

What is the different with investing according to the level of discretionary income and with the amount one can afford to lose? Their is nothing wrong with term many beginners made mistakes in investment because they didn't understand the amount they needed to invest. With your rank I expect you to put beginners through who dont understand how to about investing but it seems you dont know better and you are confidently saying the the term investing in the amount one can afford is wrong in bitcoin investment.

Investing with the amount you can afford to lose is the best thing a newly investors should do, especially when they don't know the investment process, because you cannot use two legs to check a depth or River, someone who is new in environment will stand fully with his two legs, someone who is a beginner for anything that concerns Investment should know that not all investment that gives profit and investing you can afford to lose will make you to acquire more knowledge for the investment instead of acquiring depression

[JayJuanGee]

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

These days, some people are taking the term "afford to lose" the wrong way. It's not right to take this term to gambling. No one here is telling you to buy Bitcoin and then be prepared to lose. Rather, the term "afford to lose" is trying to convey that someone should not invest at the expense of their essential expenses, emergency funds, family responsibilities, or cash flow. They should continue to save consistently within what they can afford.

Guys can also try to put as much as they can into bitcoin without overdoing it, while at the same time not investing more than they can afford to lose.

Those two ideas are not mutually exclusive, even though they require judgement, and there is likely margin for error in terms of the chosen amounts, which means that there is likely a decently wide-range of reasonableness, and it seems that the longer that we practice buying bitcoin, we are likely to get more familiar and comfortable with our own finances and even our own emotional trigger points.

So maybe we have $100 per week of discretionary funds, and we start out investing 33% and we engage in that level for several months, and so then after several months, we decide to raise our amount to 50% of our discretionary funds and maybe we are a bit uncomfortable, but we get used to the amount, and then maybe a few months later we decide to move up to 60%, but then after a while we realize that 60% is too much, and we better try to stay between 33% and 50%, which feels more comfortable, especially given how much we are putting into our savings and how much we are discretionarily consuming too.

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

We are not even supposed to be using that term "invest with what you can afford to loss" in this context. That term is mostly applied in  activities or game that is a paid form of entertainment for example gambling; I know there's no guarantee about the outcome of our Bitcoin investment but even at that there's a big difference between Bitcoin investment and gambling because I have never had that people are losing money in bitcoin investment unlike gambling where Lossing is inevitable. It will be more appropriate to say that "we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

You are fighting too much with the proper expression, which is "don't invest into bitcoin any more than you can afford to lose."

The expression applies to investing in bitcoin.

The expression also applies to gambling.

Sure bitcoin investing is not gambling, even though that same expression applies to both.

Frequently I suggest to people to not gamble, trade, or fuck around with shitcoins any more than 10% the size of your bitcoin investment amount, and without cheating.

For sure, gamblers/traders and/or shitcoiners are likely going to have tendencies to want to increase and/or go beyond the 10% limitation, so if they are having difficulties resisting getting involved in trading, gambling and/or shitcoins, they likely are also going to have troubles sticking to a 10% limit.  So perhaps if they start their trading/gambling/shitcoining, and they establish up to a 10% budget, then each time they get more income of $100 then maybe they put $90 into bitcoin and $10 into trading/gambling and/or shitcoins, and so they likely have to keep those two budgets separate so that if they end up losing the portion that they are putting into trading/gambling and/or shitcoining, then they are not authorized to draw more from their bitcoin holdings, they have to wait until the next time that they receive pay and they can then be authorized to put $90 into bitcoin and $10 into trading/gambling/shitcoins. 

And, let's say for example, their trading/gambling and/or shitcoining holdings is growing way faster than their bitcoin holdings, so maybe they will be tempted to take from their bitcoin holdings and to put some value into their trading/gambling/shitcoining, and surely it is going to take the trader/gambler/shitcoiner a lot of will power to stick to keeping their budget separate and to continue to limit themselves to new injections into their trading/gambling/shitcoining coming from new money and not taking any value from their bitcoin in order to fund their inferior investments (that happen to be performing better at that particular time).

[edited  out

In addition, Investing what you can afford to lose also helps you see the importance and value of your discretionary income which seems worthless before you, because as you keep on investing with those little little funds that seems irrelevant, some day will become your bedrock of wealth from bitcoin investment, therefore no amount is worth losing to matter how little you see it to be .

For sure, none of us wants to lose any money, and we cannot have any guarantee whether we are going to lose money or not, yet even we might figure out some budget in which we can feel comfortable investing into bitcoin and even investing an amount that we consider to be sufficiently aggressive while realizing that we could end up losing that money, even though we don't want to lose it, and we may well invest 1 to 2 cycles in bitcoin or more without giving a lot of focus on price and/or profits and we are ongoingly trying to focus on accumulating bitcoin, even though surely we also might be paying attention to the extent that our bitcoin holdings are "in profits" or not, so the ideas may well seem contradictory, yet we still have to figure out how much we are ready, willing and able to put into bitcoin and to engage in ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin, while at the same time realizing that it is possible that we might either lose that money or that the money might end up going down in value rather than up.

so each of us has to figure out that balance and what works for us (financially and psychologically) and also to consider that we hopefully will not end up having regrets regarding our chosen allocation levels when 4-10 years or more end up passing by with our potentially ongoingly buying bitcoin during that time.

Investing with the amount you can afford to lose is just another form of utilizing your waste and turn it meaningful, if you understand it from that aspect then you will know that bitcoin has really helped you in managing your resources properly.

I am not sure if considering the amount as "waste" is a good perspective, since that perspective might cause guys to invest too whimpily, and so there might need to be some acceptance that even investing somewhat aggressively in bitcoin can still be categorized as "an amount that we are willing to lose" even though we would prefer not to lose it. .. and for sure, losing for anyone would be painful, especially if we end up putting value into bitcoin for 4-10 years or longer, and then our investment ends up way underperforming our expectations, so that surely would be painful, yet at the same time, we likely have to come to grips that the negative scenarios are ones that could end up happening, so we still have to figure out how aggressive we are able to be and still feel like we did the right thing, no matter the outcome.  I am not claiming that the process is easy, even though we sometimes need to keep disjointed and incongruous ideas in our head at the same time.

Many of us recognize and appreciate that bitcoin is an asymmetric bet to the upside, so if we do not leverage in any way, then the most that we are capable of losing is 100% of what we put into bitcoin, yet at the same time, there are quite a few neutral or even positive scenarios in which bitcoin retains decently good odds of outperforming a variety (and perhaps most) of other places that we could put our time, energy and value. 

Another thing is that investing in to bitcoin likely contributes to our strengthening of our cashflow management systems/practices which includes a building and maintaining of our back up funds, so we likely also become more disciplined and organized through the years of our investing into bitcoin, even if bitcoin might end up underperforming our expectations.

Buying bitcoin with the amount one can afford is just like a guide to buy bitcoin with ease and not in a way that can be stressful for one. Just like some overzealous investors who buy bitcoin with all the money they have or borrow money to invest in bitcoin, they have a good interest in investing in bitcoin, but they are buying in the wrong way, which is affecting them and also impacting the investment. Investing with the amount you can afford is an advantage for both the investment and oneself. It doesn't necessarily mean one will lose money, but it is the usual way of investing in bitcoin, which is advisable for all investors.

We are not even supposed to be using that term "invest with what you can afford to loss" in this context. That term is mostly applied in  activities or game that is a paid form of entertainment for example gambling; I know there's no guarantee about the outcome of our Bitcoin investment but even at that there's a big difference between Bitcoin investment and gambling because I have never had that people are losing money in bitcoin investment unlike gambling where Lossing is inevitable. It will be more appropriate to say that "we should only invest from our discretionary funds or according to the level of discretionary income for easy understanding because when we use the term "invest with what you can afford to loss it makes most newbies to start thinking that they are into gambling again.

You are  right because the real advantage is not about how much one invest or investing big, but investing the right way. With bitcoin being a long term asset  it makes sense to buy with discretionary income. Because  it removes unnecessary pressure and makes it easier to stay consistent with DCA instead of being forced to sell because of poor planning.

It seems to me that for each of us there is a range of "right ways," and not just one "right way," and surely with the passage of time we are ongoingly learning and tweaking whatever buying of bitcoin and cashflow management systems that we put in place.

[Jostern]

You are fighting too much with the proper expression, which is "don't invest into bitcoin any more than you can afford to lose."

The expression applies to investing in bitcoin.

The expression also applies to gambling.

Sure bitcoin investing is not gambling, even though that same expression applies to both.

Frequently I suggest to people to not gamble, trade, or fuck around with shitcoins any more than 10% the size of your bitcoin investment amount, and without cheating.

For sure, gamblers/traders and/or shitcoiners are likely going to have tendencies to want to increase and/or go beyond the 10% limitation, so if they are having difficulties resisting getting involved in trading, gambling and/or shitcoins, they likely are also going to have troubles sticking to a 10% limit.  So perhaps if they start their trading/gambling/shitcoining, and they establish up to a 10% budget, then each time they get more income of $100 then maybe they put $90 into bitcoin and $10 into trading/gambling and/or shitcoins, and so they likely have to keep those two budgets separate so that if they end up losing the portion that they are putting into trading/gambling and/or shitcoining, then they are not authorized to draw more from their bitcoin holdings, they have to wait until the next time that they receive pay and they can then be authorized to put $90 into bitcoin and $10 into trading/gambling/shitcoins. 

And, let's say for example, their trading/gambling and/or shitcoining holdings is growing way faster than their bitcoin holdings, so maybe they will be tempted to take from their bitcoin holdings and to put some value into their trading/gambling/shitcoining, and surely it is going to take the trader/gambler/shitcoiner a lot of will power to stick to keeping their budget separate and to continue to limit themselves to new injections into their trading/gambling/shitcoining coming from new money and not taking any value from their bitcoin in order to fund their inferior investments (that happen to be performing better at that particular time).

You’re absolutely right, I don’t know why individuals have to be pondering about that particular phrase, personally I believe that we should only invest what we are going to be comfortable with loosing, the same word is also applicable to gambling just as you have mentioned, because there are people who are involved with trading which is gambling, and there are people who are playing with shitcoins.

For example People who also have the tendency of investing in a short term who are mostly driven by quick profit, also means this individuals are gambling with their investments, when you’re investing outside your discretionary income and means of earnings then that is quite gambling.

Someone selling his or her house or selling a property just to invest in bitcoin, I’m wondering what I should be calling that situation, because bitcoin investment is for long term and there is no quick profit immediately, so I would say that is still more like gambling.

There are individuals who are investing in bitcoin and when they take all their money to invest all both money meant for expenses and all their discretionary income then that would also be now as gambling, that is a gambling tendency because that isn’t a proper way of investing in bitcoin, which is why you have to do with a left over money that you can afford to loose, but focusing more on risk management is more important, first of all we’re not supposed to invest all our discretionary income into bitcoin.

I have always listened to your suggestion and advice for people or individuals to stay away from gambling with bitcoin investments and trading and investing in shitcoins, shitty coins can be messy.

[JayJuanGee]

[edited out]

Someone selling his or her house or selling a property just to invest in bitcoin, I’m wondering what I should be calling that situation, because bitcoin investment is for long term and there is no quick profit immediately, so I would say that is still more like gambling.

Its a form of leverage (and/or an attempt at front-loading) when guys sell houses or even when they take additional debt against their house in ways that they might have quite a lot of difficulties paying back such additional loan, and sometimes these kinds of situations might really be investing beyond what those persons could afford to lose, but they execute and hope that things "work out" in their favor.  Spray and pray, and sometimes the whole situation does not end up working out.

There are individuals who are investing in bitcoin and when they take all their money to invest all both money meant for expenses and all their discretionary income then that would also be now as gambling, that is a gambling tendency because that isn’t a proper way of investing in bitcoin, which is why you have to do with a left over money that you can afford to loose, but focusing more on risk management is more important, first of all we’re not supposed to invest all our discretionary income into bitcoin.

I have always listened to your suggestion and advice for people or individuals to stay away from gambling with bitcoin investments and trading and investing in shitcoins, shitty coins can be messy.

There could be ways to front load and/or leverage without "betting the farm" on it, and surely each guy has to figure out what he considers a reasonable balance, yet you are correct, frequently guys will go overboard in the ways that they attempt to play whatever leverage (or funds) that they are able to make available.

[Razmirraz]

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

These days, some people are taking the term "afford to lose" the wrong way. It's not right to take this term to gambling. No one here is telling you to buy Bitcoin and then be prepared to lose. Rather, the term "afford to lose" is trying to convey that someone should not invest at the expense of their essential expenses, emergency funds, family responsibilities, or cash flow. They should continue to save consistently within what they can afford.

Yes, it is necessary to correct the misunderstanding about financial risk management, the term "afford to lose" is often misinterpreted as a green light to gamble or throw away money. In fact, the true meaning of this sentence is to secure basic needs and the future first before allocating funds for investment in Bitcoin. "Afford to lose" is not about being prepared to lose your money, but about how to keep your life safe. To put it simply, gambling (be prepared to lose money), while investing (be prepared to hold).
It is highly not recommended to invest with money that if you lose it, you won't be able to eat tomorrow. A healthy investment will make your life more peaceful in the next 5 years, not make your life a mess next week or next month.

[SPIDERMAN008]

Someone selling his or her house or selling a property just to invest in bitcoin, I’m wondering what I should be calling that situation, because bitcoin investment is for long term and there is no quick profit immediately, so I would say that is still more like gambling.

Its a form of leverage (and/or an attempt at front-loading) when guys sell houses or even when they take additional debt against their house in ways that they might have quite a lot of difficulties paying back such additional loan, and sometimes these kinds of situations might really be investing beyond what those persons could afford to lose, but they execute and hope that things "work out" in their favor.  Spray and pray, and sometimes the whole situation does not end up working out.

Sir, you are absolutely right. In the case of investing in Bitcoin, selling  necessary property is a risky decision. Selling a house or taking a loan against a house is a very sensitive matter. It will not only put the investment at risk but will also destroy the security of his life. Investing in Bitcoin in such an over aggressive manner can never be a good decision. Investing in Bitcoin can be a big opportunity but we should not destroy our financial foundation while taking this opportunity. Because the price of Bitcoin is unstable. It may also be the case that the price remains down for a few years and no profit is made, then the person who invested in Bitcoin in an over aggressive manner will feel mentally unstable and may make the wrong decision and sell Bitcoin at the wrong time. Therefore, investing in Bitcoin should be done in such a way that an investor can easily hold it for 4 to 10 years. Investing in Bitcoin with the necessary money or any assets seems risky and unrealistic.