Lorence.xD
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March 20, 2023, 02:45:19 PM |
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It depends on one's ability.There are many people who have invested money but even if all the money is gone, it cannot affect their life. Again, there are those who lose a little money but it affects their life a lot.We are advised to invest only what we can afford to lose.
I agree, despite the fact that they invested almost all of their savings they can still survive and live normally where they won't reach shortage of money. Let's say that two different person have the same income, but they spend money differently where the one is practical and budget his money while the other one spend too much money on nonsense things which is not necessary. Do you think they can invest also the same? Of course not, the person who spend a lot might say that "he lack money for investment because his income is not enough" which is true since he don't have enough balance to invest. It's not only on the assets but also the techniques. You can afford to lose money if you think you can budget your money in a long period of time. Because it would be foolish to invest all the money in order to earn extra profit. Most people invest all their money in cryptocurrencies when they see that they are getting more from a small investment.Later it can be seen that due to excessive greed, he loses all his money and becomes poor. As cryptocurrency makes people very rich as well as poor, we face loss due to not following the basic rules.
Investing all your is not a good move, imagine everyday you have to survive without having extra budget for your expenses and needs. It depends on people how they handle to invest while budgeting their money so in the next few years they will gain huge profits. Even gaining a small profit is a big thing for people to earn in starting a small investment. We all start from small before having a huge investment. A wise decision in money could also make you rich but it's true that being greedy could loss your assets.
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Greggry
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March 20, 2023, 03:24:39 PM |
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Your points here is not full stated but people do choice investment irrespective of the amount involved, when we said invest what you can bear the loss does incline losing bitcoin wallets or values rate. Some people cannot withstood seeing their money going down beyond what they expect. This can cause heart attack, heart palpitation and even lose of memory because you can not understand the background patients of bitcoin over time.
We encourage people to use spare money you can easily let go until the price is ready to come back. They understand the money is not totally loss but they lack that patients to wait for it to come back to normal.
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bosede1
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March 20, 2023, 05:17:13 PM |
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As you said, your English needs to be polished a little if it will help you can use Grammarly to check for spelling and punctuation errors. For me, investment is a game of risk, and it doesn't matter any amount I put so far is meant for investment, I am good to go.
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Ketesnuko
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March 20, 2023, 05:21:03 PM |
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It depends on your capabilities, can you survive on your own if you invest so amount? This is the question we should all be asking ourselves, many investors only thing about buying but not about surviving, later when they buy already they will start thinking about the decision they have made, could be right, could be wrong, who knows? But its left for the investor, so best plan is know how much you need to survive on, before investing a dime in crypto.
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Erumo
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March 20, 2023, 05:36:56 PM |
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I think it is easy to skip one daily meal (if you eat 3-4 times per day) and that will be your daily affordable amount to lose. Dont multiply it by number of days in a month, because it will be hard to skip so much and make such a daily skipping routine. I can easily afford to spend 10$ on crap. I can easily afford to spend 10$ a day on investment.
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kryptqnick
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March 20, 2023, 05:49:10 PM |
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I believe what one can afford to lose is purely subjective an it's normal. For someone, even $100 is life-saving crucial funds that one can't afford to lose. For someone else, a million dollars can easily be money one can afford to lose. If we try to generalize, it certainly should not be a part of money a person needs to cover basic living costs (food, transportation, rent if applicable, utility bills) and maybe other crucial funds (for example, if a person has money for an upcoming surgery or university tuition fees). Everything above that is, I suppose, what one can afford to lose, but people should use their subjective sense and particular situations to determine what that amount really is for them. And it's better to invest less if you're not sure than invest more and realize you actually really needed that money. As for a proof that investing in Bitcoin is profitable, I think one should just look at the price chart and see how each time Bitcoin recovered from each fall and also look at how, while Bitcoin does decrease its value significantly from time to time, the lowest point it falls to seems to also be getting higher over time.
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livingfree
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March 20, 2023, 05:50:16 PM |
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I agree that it may not be much for us when we talk about amount that we afford to lose as we invest in bitcoin but for some people, they could be too much and means a lot. and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)
No need to share some solid points just to prove anything that bitcoin is profitable in the long run. Just take a look at the charts and prove that on your own and see the difference and lines from the past years up to this time and have it zoomed. You'll be ending have that idea that bitcoin has been all performing well ever since it was launched.
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Furious 7
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March 20, 2023, 05:58:32 PM |
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and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)
also tell about my english(feedback kind of) when i read imy sentences, i feel this is very bad english.
Even though you really want clarity in this matter to be sure, but I think in this condition nothing can really be convincing as long as you are not sure about it. The condition remains the same bitcoin is something full of risk and no one will know about the future even though in this case it will still be worth it for the next few years but this condition will come back to yourself as long as you are sure then it will be good but even though many people are convinced but you are still not sure I think it will not go well.
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_BlackStar
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March 20, 2023, 06:17:47 PM |
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You will not lose anything on your investment in bitcoin because bitcoin will not move [except their value]. The volatility of the bitcoin price does not loss your bitcoin, unless something happens to your wallet such as hack or loss of access to the wallet.
Anyone might be able to consider price volatility, but they likely can't afford to lose lots of bitcoin forever. I would probably be thinking the same thing, but if you really invest your budget within reasonable limits then of course the psychological impact when you lose it all.
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Bananington
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March 20, 2023, 06:56:13 PM |
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If i talk about mine , money i can afford to lose is so small ...
If you constantly invest that small amount of money (no matter how small) that you can afford to loose, by accumulation, just that it will take a longer time, but that small money will become big. Have a continuous approach to investing and develop a strategy to keep you investing, small amounts of money that you can afford to loose is better investing than a huge amount of money that you invested recklessly. Consistently investing small amounts that you can loose will make you have the habit of investing regularly even when you begin to earn more.
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cafter (OP)
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March 20, 2023, 07:05:54 PM |
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You will not lose anything on your investment in bitcoin because bitcoin will not move [except their value]. The volatility of the bitcoin price does not loss your bitcoin, unless something happens to your wallet such as hack or loss of access to the wallet.
Anyone might be able to consider price volatility, but they likely can't afford to lose lots of bitcoin forever. I would probably be thinking the same thing, but if you really invest your budget within reasonable limits then of course the psychological impact when you lose it all.
you are something wrong, you are talking about number of coins, if there is not value then what is that you losed you money , but not your coins, what will you do with your left penny value coins, we invest to get profit out of it , not for owning non valuable coins (no talking about bitcoin so far just an example)
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The Cryptovator
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March 20, 2023, 07:39:24 PM |
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First and probably most important, you must improve your English. So that we can clearly understand what you want to share. However, Bitcoin is a highly volatile cryptocurrency, so you must exercise caution when investing here. The price could fall at any time, causing you to lose your portfolio. That is why it is said to invest only if you can afford to lose funds. The amount is entirely up to you. Risking a large sum means you could win or lose a large sum.
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avikz
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March 20, 2023, 08:01:13 PM |
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money i can afford to lose is so small for me that if it will be 100xed then also I will make profit very small what is the meaning of this "invest only what you can afford to lose" ? you also invested this small part of your savings(not talking about wealth) in bitcoin, I don't think many of you invested money that can not impact your life if all gone. and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)
also tell about my english(feedback kind of) when i read my sentences, i feel this is very bad english.
The answers to your questions are very subjective and varies from individual to individual. For me even $100 is good amount of money to loose and I will be absolutely mad if I ever loose this sum. For someone even $1000 is not enough to feel the pinch. So it depends on your financial condition. Also, there is no rock solid point to prove that investing in bitcoin is a non losable investment in long term. Historically we have seen this trend but past record cannot guarantee the future. So it is again based on your preferences and investment goals.
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GideonGono
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March 20, 2023, 08:38:49 PM |
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For me when we say invest only what you could afford to lose, it means your excess money, the money that you don't need or would just use on your own enjoyment or something useless. I am talking about the money that is left on your account after paying all the necessary thing and bills after settling everything that needs to be settled. It doesn't really matter if your gaining small profit or not just accumulate all of it and reinvest, it is better that way than to ruin your life by risking it all.
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serjent05
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March 20, 2023, 08:46:17 PM |
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I understand that the amount of money we can consider as we can afford to lose are the amount of money that is excess from our income after we deduct our expenditures and future or emergency savings. How much it is, is dependent on the person income so we cannot put an exact amount to represent everyone's capability of what they can afford to lose. The answers to your questions are very subjective and varies from individual to individual. For me even $100 is good amount of money to loose and I will be absolutely mad if I ever loose this sum. For someone even $1000 is not enough to feel the pinch. So it depends on your financial condition.
Also, there is no rock solid point to prove that investing in bitcoin is a non losable investment in long term. Historically we have seen this trend but past record cannot guarantee the future. So it is again based on your preferences and investment goals.
The amount is subjective, yes, but in general, the amount of money that a person can afford to lose is the excess money that is not compromised of anything where he can spend or lose it without regret.
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South Park
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March 20, 2023, 08:47:42 PM |
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If i talk about mine , money i can afford to lose is so small for many people that will be 100xed then also I will make profit worth buying 2 cycles. what is the meaning of this quoted words, ? you also invested this small part of your savings(not talking about wealth) in bitcoin, I don't think many of you invested money that can not impact your life if all gone. and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)
also tell about my english(feedback kind of) when i read imy sentences, i feel this is very bad english.
Everyone is going to have their own definition of what this means, I consider money that I can afford to lose all the money that does not go towards my expenses, retirement account and my savings account which needs to have funds to at least last me one year if I lost my job, I do not have debts but if I had them I would include that money as well on the previous category, so all the money that is left after that is money I can afford to lose and it is money I invest in bitcoin regularly.
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Hispo
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March 20, 2023, 08:53:14 PM |
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My personal definition of "investing what one can afford to lose" is something like... risking an amount of money which if disappeared suddenly, you could continue to go on with your life and mid term plans, as well continue to have access to shelter, food and medicine. If someone is investing a quantity of money and if said person would feel suicidal if that money disappeared, then i can tell with 100% of accuracy that person would be over-investing their money. Also, your English is not perfect, but it is okey enough so people will understand what you are trying to say, if you continue to participate around here and study a bit more, you English will get even better, I am sure of it.
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NicNacCoin
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March 20, 2023, 09:16:15 PM |
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how much money is considered as "invest only what you can afford to lose"
It is better to take as much as a person can hold. Because if you take more, you will surely get into trouble. Many people have a lot of money and could use more money in investments. I will never compare with him in this regard. If I want to invest compared to that then I must invest with debt. And if the market goes bad after that loan investment then my life is in vain. So everyone should think about using what they have personally. Even if it is a small measure, it is still my personal wealth.
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SOKO-DEKE
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March 20, 2023, 09:16:59 PM |
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Despite my confidence in Bitcoin, I can only invest 25% of my savings in the crypto industry, which I think is the maximum I can afford to lose without it having a significant impact on me. I could therefore argue that no amount of money is too small to lose, but that would depend on who might do so.for example you that have $1k in your savings and you invest $900 in bitcoin without having any means of stable income that will definitely affect you if you are losing some part, which $1k worth nothing to some people . Therefore, only those who are extremely greedy will invest money they can't afford to lose in crypto industry with amin of making huge profits. Just know that it is not advisable to invest in the cryptocurrency industry with any sum that will negatively impact you lose.
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AmoreJaz
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March 20, 2023, 09:27:54 PM |
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I understand that the amount of money we can consider as we can afford to lose are the amount of money that is excess from our income after we deduct our expenditures and future or emergency savings. How much it is, is dependent on the person income so we cannot put an exact amount to represent everyone's capability of what they can afford to lose. The answers to your questions are very subjective and varies from individual to individual. For me even $100 is good amount of money to loose and I will be absolutely mad if I ever loose this sum. For someone even $1000 is not enough to feel the pinch. So it depends on your financial condition.
Also, there is no rock solid point to prove that investing in bitcoin is a non losable investment in long term. Historically we have seen this trend but past record cannot guarantee the future. So it is again based on your preferences and investment goals.
The amount is subjective, yes, but in general, the amount of money that a person can afford to lose is the excess money that is not compromised of anything where he can spend or lose it without regret. so long that money wouldn't affect the life of the person if in case it will be totally gone, then, that's the amount that he can afford to lose. and yes, this is very subjective as we have our limits on how much we can spend without worrying about losing it. when it comes to bitcoin investment, i guess, no one will absolutely say that you will profit here 100% in the future. as no one knows what will happen next, still, no one can assure the longevity of this market and if you will indeed gain positively no matter when will you cash out.
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