We have been told: Invest only Extra money in bitcoin

[Oilacris]

We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose 

On the time that you do make out that kind of investment decision then you should really make yourself that prepared on the risk that it is attached to it.Whether you do like it or not, there's no way that

you could really avoid such probabilities since we know on how unpredictable this market would be and there's no assurance on how it would be ending up or on how it would be looks like on
future years to come.So better to make yourself that prepared for whatever things that might happened into your funds.Its true that extra money doesnt mean that we can afford to lose
it specially into those middle class below where they are trying out to save up just to make some bitcoin investment or crypto as a whole.

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[aoluain]

Is there really a risk though?

I mean Bitcoin pretty much since 2010 has been on an upwards trajectory, it's important
though to zoom out but we all know about it's qualities and the opportunities.

I recon in 5 to 10 years we will look back and wonder why we didn't sell everything to buy ?

The risk is usually in human behavior.
The combination between people investing money they don't afford to lose and an unexpected new leg down for the price, maybe with some FUD as seasoning, is usually so bad it tends to end with selling at lower price than the coins were bought and with a grudge against bitcoin and bitcoiners. Such people will most probably never admit they've made a mistake, instead will call bitcoin a scam.
At least this is how I see these things...

Yea I agree with that, it makes sense.

That advice is a bit overused at this point and I think the line between what we can afford to lose gets more blurry to many. But we should always have a plan when investing into any asset, and this plan should involve growing our income stream, if we do not have much left over to spare.
The major mistake you would make is trying to use bitcoin as a means to get rich. It doesn't exactly work that way, and you could as easily lose out the amounts you invested into it.

Focus on growing skills which are in demand and getting paid for your services; you can then choose what percent of your income goes to Bitcoin (and any other investment) and which goes into your savings.

Is there really a risk though?

Yes it is.
If you invest amounts you might need at a not too distant future, there's no guarantee that you would be in profit at the exact time you need it and could be forced to sell at a loss.

yea that makes sense too.
I wonder how many people instead have the belief in Bitcoin and are buying by making
cuts elsewhere while not having the disposable income they can afford to lose?

[Taskford]

We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose 

Yes that's what it supposed to be like since its very hard for us if we invest the money we tend to put on more important things so bring only the amount you can afford to lose since if you do that your life will be at ease upon gambling but if not because its your hard earned money which you can't afford to lose then playing by using it will be so stressful because you will be worry about the possible result and you cannot enjoy that scenery.

[NeuroticFish]

I wonder how many people instead have the belief in Bitcoin and are buying by making
cuts elsewhere while not having the disposable income they can afford to lose?

You'd be surprised. You seem to underestimate human greed (or hunger?). Far too many do think that Bitcoin is a get rich quick scheme. Far too many hear about bitcoin from the wrong sources and jump in without knowing what they're doing.
I would not be surprised if some of those make a choice between getting a better pair of shoes and buying bitcoin in a hope to earn some extra funds (in the near future) to make the things more bearable... 

[BitcoinPanther]

We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Isn't savings extra money?  It was save because you have more than enough for your daily expenses and monthly dues.  So I think using savings to buy BTC does qualify in buying with extra money but of course it is up to you if you can afford those money to lose if something not good happen to the market.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose  

No one is forcing you to invest in Bitcoin and nothing is to whine about it.  If you can't afford to lose then better not invest your money.  If you are in a dilemma of wanting to invest in BTC but you cannot afford to use your savings then find another source of income and use the money that you earn from it to invest in Bitcoin.

[AmoreJaz]

We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Isn't savings extra money?  It was save because you have more than enough for your daily expenses and monthly dues.  So I think using savings to buy BTC does qualify in buying with extra money but of course it is up to you if you can afford those money to lose if something not good happen to the market.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose  

No one is forcing you to invest in Bitcoin and nothing is to whine about it.  If you can't afford to lose then better not invest your money.  If you are in a dilemma of wanting to invest in BTC but you cannot afford to use your savings then find another source of income and use the money that you earn from it to invest in Bitcoin.

everyone should be practical these days. if you feel you are not ready to let go a specific investment because you can't afford it, better invest it in a more solid asset.it is true that no one is obliging you to invest in this market, by all means, it is your own will to put money into this market. no one will take care of your assets but yourself, so you need to be smart about it. if you lose, no one will give you money to supply what you've lost. think about it.

[KennyR]

Suggesting what one can afford to loss is to limit the lower the risk with cryptocurrency investment. With bitcoin investment the risk is very low, but the same could end up with loss if we're unlucky. In emergency when we go to cashout, maybe the market is at its downturn and the same will disturb our investment. For this reason it is suggested to invest the extra money. With middle class people it is a must to take risk, only then it is possible to move to the next level of lifestyle.

[Diuyen Kim]

Investing with excess money is relatively low risk. If you use the money you borrowed to invest, you will bear more if the investment fails. Investing your stored money is less risky than investing with a loan. Most really don't have any extra money. But you can plan to save a little money every month for investment. Money is earned, not saved.

[Venik]

I was always investing only what I can afford to lose. I find it really strange and hilarious when people ask if they should sell their car or take a loan to buy BTC in a bear market. And someone is actually doing it!

[Upgrade00]

I wonder how many people instead have the belief in Bitcoin and are buying by making
cuts elsewhere while not having the disposable income they can afford to lose?

I would say a lot of people are doing that. Some of such stories are even publicized and somewhat celebrated by the public when it gets reported.
After the initial pump of Bitcoin is 2017, many people just heard about it and felt they missed a huge opportunity to get rich, quick. To make up for this, they get a bit desperate and start to throw in more money than they can afford to lose, just to get a bit of the pie.

This desperation and greed make them to see slow, regular investments of low amounts (<$50) as a waste of time, even though that's what they can afford at the time. They instead throw entire savings into the market, so when it multiples, they have more profits. More often than not, they get burned out.

[BIT-BENDER]

In my own opinion I think it’s actually a subject of your personality. For example I believe in Bitcoin I see it more than just an investment, so if I am holding some bitcoin I don’t see it as a potential loss or a potential profit maker.

When you rule applies is to those investors and not just any investors, to those who does not have enough capital to maintain bitcoin investment. But if you have the option to hold Bitcoin rather than Fiat and you have some Fiat to keep you going daily fine why not.

[maydna]

It will be easy for people who are getting a salary from their job to use a small amount of their total salary to invest in bitcoin and have a bitcoin investment. But unfortunately, only some people are working and have a salary, so it is difficult for them to invest in bitcoin. But they can still try to save up a bit of cash to buy bitcoin, especially now.

I don't always have the extra cash I use to buy bitcoins, so I only buy bitcoins with the extra money I can afford. Everything looks fine, as I'm trying to buy at a time when the bitcoin price is falling.

[SOKO-DEKE]

Yes, it is correct that we should only invest in cryptocurrency with money that we can afford to lose because it carries a certain amount of risk. The money you are expected to invest in cryptocurrencies is the money that will not too affect you when you lose, especially like investing 10%, or 5% of your monthly or annual income in bitcoin is not a bad thing, and I believe if anything happens in the crypto industry that will not affect you because you have x10 or x9 of the money. However, when they advise us to invest only money we can afford to lose, I don't think they are talking about extra money.

As for me, I don't believe there is extra money since I think you will utilize money for something, unless you don't want to. According to what I understand, when anything is described as extra, it is excess.is there anyone with excess money that he/she want to lose? Nothing like that.

[Rruchi man]

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose 

"Invest only an amount you can loose" means that you should not invest all the money you have. Nobody likes to loose money unnecessarily, so to every one making a tangible investment with bitcoins, it is surely an amount they will not be happy loosing. Invest only an amount that you can loose means do not put all the money you have into bitcoins especially when you are in the position where you are not expecting any money from any source.

If you have a stable source of income, and you are always expecting money from the sources, you can invest all the money you have at hand to buy a good amount of bitcoin when the opportunity arises, knowing that you are expecting money to sustain your lifestyle.

[hd49728]

"Invest only an amount you can loose" means that you should not invest all the money you have. Nobody likes to loose money unnecessarily, so to every one making a tangible investment with bitcoins, it is surely an amount they will not be happy loosing. Invest only an amount that you can loose means do not put all the money you have into bitcoins especially when you are in the position where you are not expecting any money from any source.

Invest when you are afford to lose, I agree.
Invest when you use your extra money for it, I agree with OP too.

Using extra money to invest means after investing, we have a saving (not is used for our investment) to use for emergencies.

If you have a stable source of income, and you are always expecting money from the sources, you can invest all the money you have at hand to buy a good amount of bitcoin when the opportunity arises, knowing that you are expecting money to sustain your lifestyle.

I disagree. We can not control things happen in our lives, in society around the world. Pandemic, great recession are what we don't expect but can not stop it when they come. Stable jobs, I am not sure that we will be able to keep stable jobs when a pandemic, a great recession comes.

2022 is a year many Big Tech companies fire many employees. It did not happen in many years and I believe many of fired people thought they had stable jobs.

[TheUltraElite]

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose 

Money is never extra, in my opinion, in this case it is just those coins that you could add to your savings but you might as well do something better with it.

You can allocate a specific percentage of income for bitcoin buying but this will vary depending on the time of the month and the price of bitcoin. You dont want to spend your allocation when bitcoin is at all time high, some months you might not get any price worth buying at all, you have to patient.

Always invest what you can afford to lose and forget, dont take emergency funds to trade or gamble. I keep the money in store for the bear market, usually buy during that time only.

[xSkylarx]

This is really debatable because you know that for most poor or middle-class people, their income is just enough to cover their basic needs, so they either need to save or take out a loan to invest, and regardless of which of those two options they choose, the outcome is the same: you can't afford to lose it because you worked hard to get it. But if we say, "Are you willing to take the risk even if you will lose it?" is another big topic since the poor, on the other hand, will not achieve what they want now (to be rich) if they do not take risks, unlike the rich, who have extra money that they can afford to lose. 

[m2017]

We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose 

No recommendation can be universal. If you are told to only invest in btc money that you can lose, this doesn't mean that this advice applies to you. In general, you don't need to blindly follow all the advice, but you need to take into account the features of your case and proceed from this. What I'm saying is, if you're willing to take the risk and invest in btc not only the extra money you can afford to lose, but also the savings you're going to lose that would be critical, then go for it. Don't wait for the approval of others, but also don't complain later if something goes wrong (although I highly doubt btc will get into trouble). These are only your risks and your responsibility.

[uneng]

For me every spare money after all monthly expenses are paid with bills, food and basic needs in general, is "money I can afford to lose". If I'm not going to use it for btc investment, I'm going to "lose" it in another ways: I will buy clothes or acessories, eat out, gift someone...

And if I simply save that spare fiat on my banking account monthly, I will be literally losing money to inflation. So the truth is that for middle class and poor class, if you don't invest in bitcoin, you don't have any other worthful methods to invest or save your money.

[UserU]

2022 is a year many Big Tech companies fire many employees. It did not happen in many years and I believe many of fired people thought they had stable jobs.

Pity those working at Twitter when they have such an eccentric boss that won't hesitate to axe anyone the moment they're in his sights.