We have been told: Invest only Extra money in bitcoin

[Don Pedro Dinero]

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 

It's true that the middle class is hurting a lot last year with the rising living expenses due to an increase in energy prices and the double digit inflation rates. Sorry to hear that you have no money that you can afford to lose, I am in a similar position like you and but still save as much money as possible.

To some extent I understand the OP. The working class (who often call themselves middle class) have a tight budget and can save little. If the little they do save, they invest it, and lose it, they will feel bad, because that money could have been spent on something else. 

The advice is true, investment and more so in something volatile should be made with extra money that you can afford to lose, and to some extent if you have managed to save it and can continue to save, even if it is little, you can afford to lose it even if it hurts your finances.

[QueenVera]

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.

You do have other options, I'm a big fan of Bitcoin but lets to make it seem like Bitcoin is the only way to go and when people don't get what they came for due to the promising things we say online they become disappointed. You can invest your spare money into a personal business. It must not be something big but anything that brings an extra income into your pocket. Investing in Bitcoin should be for long term purpose.
Therefore if you know you'll be in need of the money you want to put Into Bitcoin anytime soon even though they're extras don't invest in Bitcoin as that'll make you to be inpatient and might lead to you withdrawing your investment early while missing out on better gains. You shouldn't only put all your focus on investing extra money in Bitcoin but also consider how urgent will that extra money be needed in future.  You can call money extra now as you have enough but in future when you don't have enough will you be in need of those extra you have invested earlier.
All this should be considered before investing so it doesn't make you pull out of an awesome opportunity that would had change your financial status.

[Ziskinberg]

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  

As I invest in crypto or any form of investment, I don't think about losing my money that is why I work hard and prepare all the necessary things I need before doing this. Because if we only just invest because we can afford to lose them, I think we just let these things happen instead of finding a way to avoid them. I'm not saying that losses can never happen if we do that, at least we are not expecting this to come but a profit as we are sure ourselves that we are well-prepared.

Even rich people don't just invest because they can afford to lose their money but they risk their money because they want to grow it, not to lose them.

[Anonylz]

~Even rich people don't just invest because they can afford to lose their money but they risk their money because they want to grow it, not to lose them.

Very true, I doubt there is any rich person out there that is not concerned about even the little investment they made, the goal of investment is to making profit, no businessman will intentionally invest to lose. Every investment involves risk, reason why the risk takers are often ahead of those playing it safe.

[tjtonmoy]

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 

Here's the thing, you need money in order to make money. You need the proper knowledge and control over your risk management. If you do your analysis properly, you have fewer chances to lose your assets. If you can manage to be sure that you can make profits, only then put your money in that you are afraid to lose. After making the profit, withdraw the main balance from the investment and put your profit in again. Then try to make that profit double or triple. Then repeat the same thing again and again. That will become your extra money that you aren't afraid to lose.
This is how I do it. Don't know if this will help you or not. If it does, then let me know.
~tjtonmoy

[RealMalatesta]

You do have other options, I'm a big fan of Bitcoin but lets to make it seem like Bitcoin is the only way to go and when people don't get what they came for due to the promising things we say online they become disappointed. You can invest your spare money into a personal business. It must not be something big but anything that brings an extra income into your pocket. Investing in Bitcoin should be for long term purpose.
Therefore if you know you'll be in need of the money you want to put Into Bitcoin anytime soon even though they're extras don't invest in Bitcoin as that'll make you to be inpatient and might lead to you withdrawing your investment early while missing out on better gains. You shouldn't only put all your focus on investing extra money in Bitcoin but also consider how urgent will that extra money be needed in future.  You can call money extra now as you have enough but in future when you don't have enough will you be in need of those extra you have invested earlier.
All this should be considered before investing so it doesn't make you pull out of an awesome opportunity that would had change your financial status.

That is the difference between savings and expense. If you are not in need of it right now then there is no problem, that's fine if you need it in the future because you are saving exactly for that reason. If you could end up not spending it for 3 years but then when something huge happens and you cash it all out and then spend it to cover it, that's a great thing.

I did it before, I made insane amount of money for me, nearly 4-5 years worth of salary, thanks to my investment, I could have bought a small tiny house with it, not something big but like 700-800 square feet in a bad apartment in a bad neighbourhood for example, not a great investment but to explain the amount. I had to pay it for hospital bill and I was so happy about it, because I didn't go into debt at all.

[serjent05]

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 

It's true that the middle class is hurting a lot last year with the rising living expenses due to an increase in energy prices and the double digit inflation rates. Sorry to hear that you have no money that you can afford to lose, I am in a similar position like you and but still save as much money as possible.

To some extent I understand the OP. The working class (who often call themselves middle class) have a tight budget and can save little. If the little they do save, they invest it, and lose it, they will feel bad, because that money could have been spent on something else. 

I agree, but we are talking about Bitcoin investment so I do not think that money will be lost here. Bitcoin had established its market, it may go up and down but if we happen to familiarized ourselves in the cycle, just a little patience when the market is down can give us good profit when the sentiment changes and Bitcoin price surge.

The advice is true, investment and more so in something volatile should be made with extra money that you can afford to lose, and to some extent if you have managed to save it and can continue to save, even if it is little, you can afford to lose it even if it hurts your finances.

Yeah buying BTC little by little won't affect our daily and monthly expenses.  Other wanted to buy huge amount in one go that is why it hurts their finances.

[Casdinyard]

Money you can afford to lose doesn't necessarily mean extra money that you have lying around. Money you cam afford to lose is well, momey that will not be that detrimental to lose and/or can easily be recovered through various means. If you can easily recover the money through employment or whatnot, then that means it's money you can afford to lose. My rule of thumb is that if it doesn't starve me to lose it, doesn't cause me to lose light and water as well as internet connection, then that means it's money I can afford to lose and can use to invest in crypto.

[Yawa2020]

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 

The honest truth is that no one has extra cash. Every single money in your hand or account has it purpose unless you choose to ignore some and use the money for something else. So when you hear money you can afford to lose, it simply means money that can not affect your life even you absolutely lose it and it won't affect your psychological health. Both the less privileges and riches have money they can afford to lose.

[Kryptowerk]

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 

The topic on how much money to put into Bitcoin or other more risky cryptos is a complex one. It really depends a lot on your financial and general situation in life.
Generally I like the idea of taking a certain percentage of the funds you have available to safe / invest and put these into stable crypto projects, ideally cost-averaging over several months.
"Money you can afford to lose" is also a relative term. If you would have spent the same money on a vacation, some consumer products or partying instead you would have "lost" it, too - so I think there is almost always room for improvement / room to save money and use it for something different instead.
Bitcoin investment seems like a good alternative with the money saved by avoiding your usual spending-habits.

[bounceback]

Every investment, of course, will not always be profitable, so it is very important for us to manage the funds we want to use as investments and it is always recommended to use funds that can afford to lose, personal experience so far, every time I receive monthly income, I will use 15% I use these funds to invest and I use 25% as savings or as emergency money and I use the remaining 50% for daily basic needs.

[worle1bm]

Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Middle class people that do not have extra money that they can invest in bitcoin/stocks/land/whatever and are living from salary to salary aren't middle class at all.

Yes those people who are not having any extra savings comes under the category of lower class whose income level is really low and they live on their regular salary funds.But they didn't need to invest because we should be aware that funds are at risk of investment so they can't afford to loose that money saying from that perspective.We also need to have some extra funds in case of emergency and btc is not acceptable everywhere at the time so we need fiat.Invest in btc after analysing the whole market conditions and if you can invest in it.

[qwertyup23]

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 

Do you consider your extra money as your savings? Then I guess there is really not much of a difference but some wordplay mentioned by OP but I do get your point. But in all honesty, investment is a choice and allocating a portion of your resources should be a decision that you have to make.

Like what I always mention, investing in cryptocurrencies does not guarantee profit- there has to be some effort, patience, and understanding being used by the person in order to take advantage of the high volatility of BTC.

At the end of the day, a person should invest with an open mind. He/she should understand that there is that risk present of losing or reducing your initial investment in order to at least be ready on the outcome.

[TheUltraElite]

The honest truth is that no one has extra cash. Every single money in your hand or account has it purpose unless you choose to ignore some and use the money for something else. So when you hear money you can afford to lose, it simply means money that can not affect your life even you absolutely lose it and it won't affect your psychological health. Both the less privileges and riches have money they can afford to lose.

Money that you can waste would be a better term to apply, would it not?

Truly it is like that and we all have no amount of cash to spare. This can be changed by reducing expenses that could be reduced and starting an allocation for investment. This cannot happen right on day one but a few months might help you understand the division. It is all about making room for every investment in your folio so you can be the best of all.

If you still cannot allocate, then trading probably is not for you, in case you forcibly try to do it you might find yourself lacking in liquid cash at hand.

[bitzizzix]

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 

In my opinion, extra money is money that is used after meeting all the needs of a salary or other regular income, and extra money is broad, including what you get from a business or whatever. And if the results or profits are not used or for important purposes, then it can be said to be additional money that can be used for investment.
and extra money is not money for wedding capital or needs or goals for important things for future goals that you plan, and extra money money that is really not used and you can use to invest.
saving for investment in my opinion is wrong, and you have to make savings and investments separately. And saving is an obligation and not from additional money and aims for sudden needs or needs that really need money and you can use these savings without disturbing your investment.
investment goals for your future or old age that you will not use during your trip and until you actually get a satisfactory profit in the future, and if you are saving to invest are you sure you will not use it when you really need it and also when the market is not friendly or things are down.

and what I mentioned is for everyone and they can do it if they really want to do it, and it doesn't matter how much or how little extra money they have to invest, because I think that's the best way for everyone.

[serjent05]

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 

In my opinion, extra money is money that is used after meeting all the needs of a salary or other regular income, and extra money is broad, including what you get from a business or whatever. And if the results or profits are not used or for important purposes, then it can be said to be additional money that can be used for investment.
and extra money is not money for wedding capital or needs or goals for important things for future goals that you plan, and extra money money that is really not used and you can use to invest.
saving for investment in my opinion is wrong, and you have to make savings and investments separately. And saving is an obligation and not from additional money and aims for sudden needs or needs that really need money and you can use these savings without disturbing your investment.
investment goals for your future or old age that you will not use during your trip and until you actually get a satisfactory profit in the future, and if you are saving to invest are you sure you will not use it when you really need it and also when the market is not friendly or things are down.

and what I mentioned is for everyone and they can do it if they really want to do it, and it doesn't matter how much or how little extra money they have to invest, because I think that's the best way for everyone.

At the end of the day @OP is talking about the extra money that he can afford to lose.  Though he has extra money to invest in Bitcoin, he is somehow tentative to part with his extra money and invest it because he can't afford it if he loses that money.  That said no matter how we explain or describe extra money, if @OP thinks that he cannot afford to lose it in an investment, @OP should not use the money to invest and just keep it as it is. 

@OP is not ready to take the risk, probably he needed more time to convince himself and find how much of his extra money he can afford to lose.  If he can't really part with his money then investment thing is not for him.  Same goes to all people who has extra money but cannot afford to lose that money.

[Sayeds56]

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  

Generally it is believed that invest only extra money in Bitcoin & other crypto currency which you can afford to lose, because they fluctuate significantly which creates panic for those who are new in this industry. But every kind of investment carries some level of risk which is important to evaluate keeping in view your risk tolerance. If you don't have extra money to lose and still you want to invest in Bitcoin, then use risk management tools to protect your investment from total loss.

Though past performance of Bitcoin doesn't guarantee that it will always give huge reward to those, who hold it for long term, but there is consensus among investors that it is less risky & best asset for investing with long term vision.

[Inwestour]

Generally it is believed that invest only extra money in Bitcoin & other crypto currency which you can afford to lose, because they fluctuate significantly which creates panic for those who are new in this industry. But every kind of investment carries some level of risk which is important to evaluate keeping in view your risk tolerance. If you don't have extra money to lose and still you want to invest in Bitcoin, then use risk management tools to protect your investment from total loss.

Though past performance of Bitcoin doesn't guarantee that it will always give huge reward to those, who hold it for long term, but there is consensus among investors that it is less risky & best asset for investing with long term vision.

Everyone repeats this - invest in bitcoin only the amount that you are ready to lose, but I'm sure that not everyone does this. And what does the amount you are willing to lose mean? I have been buying bitcoin for a year now, I do it systematically almost every week, and my investment has already turned into a fairly significant amount for me, which I am definitely not ready to lose.

On the other hand, I believe in my investment, after a bear market, a bull market will come and bitcoin will rise. But even if we are not at the bottom now, and the fall will continue for some time, then I will continue to buy, because this will give me the opportunity to buy more bitcoin.

If it happens that bitcoin does not grow much, although I do not believe in this, then probably nothing will be able to grow in the crypto market, because bitcoin is the leading cryptocurrency that sets the pace for the market.

[bitcampaign]

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 

this is only warned for beginners because if the old traders of course they know holding bitcoin in the long term will not make them lose their money, therefore use extra money so they don't use money for their necessities of life so they don't panic selling it cheap

[Japinat]

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 

Investing towards bitcoins and other cryptocurrencies is truly a delicate matter especially for the middle class people, like me. It's given that we don't really have that spare funds that we can afford to lose, that's why it is really important to know the coins first that we are investing into and always do your own research before investing in such coins because the risks will always be there as the coins are so volatile.