Why you should use spare money to invest

[erep]

Most people agree with OP's point and what OP said is absolutely true. But I really doubt that too many people will do that because we all have greed, and everyone wants to get rich quickly. I still believe many people are supporting the OP, but they are doing the opposite, they are still using their savings and emergency money to invest in bitcoin because they crave wealth. To be honest, to do that is not easy at all, it seems easy to say, but escaping the temptation of money is very difficult.

We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.

Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.

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[Fredomago]

Most people agree with OP's point and what OP said is absolutely true. But I really doubt that too many people will do that because we all have greed, and everyone wants to get rich quickly. I still believe many people are supporting the OP, but they are doing the opposite, they are still using their savings and emergency money to invest in bitcoin because they crave wealth. To be honest, to do that is not easy at all, it seems easy to say, but escaping the temptation of money is very difficult.

We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.

Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.

I totally agree if you are planning to invest with this kind of market industry, it's good to make sure that you are aware that heavy volatility can hurt your money, using your savings out of greediness might lead you to lose a lot, better to use spare that you can hold for longer time. Certain amount that you are willing to forget if the market is not favoring your side, or if you are willing to maximize the benefits, having that kind of spare will allow you to make decent profits if the market will have a strong bull that bring another new ATH.

[cydrix]

Because we must plan for the possibility that something can go wrong throughout the investment. Investors must be properly managed in terms of both funds and risk. Therefore, managing money is crucial to making and ensuring that we establish the proper investment and quantity, regardless of the things we are investing in. Therefore, even though there are hazards, we can at least reduce them and be prepared for any problems that may arise.

[CageMabok]

We are in the same crypto community but of course everyone is not the same in investment knowledge, there are some impulses that make people use savings money out of greed to get high profits from the hype of coins that are currently popular, they are not aware of the market situation of hits and run from new altcoins and they are very easily swayed by group signals and other people's speculations.

In the end, those who are often swayed by signals from any group or other people's speculations or even from the hit and run of new altcoins will realize that they have chosen the wrong path to make quick profits. Because people like that will be more easily used by any project team to vent their lust through buying coins in large quantities so that they forget to do research on what they are buying. And I don't think there's any need to worry about that kind of person because in the end he too will realize for himself what they have done.

Under no circumstances ever use savings or emergency funds for crypto investments, do not follow speculation / other signals to buy coins at a certain price. The solution should be to use dedicated funds for long-term investments and improve your skills to do research and analysis to prioritize options for top coin lists, especially BTC for high profits in the future.

I also agree with this point because an emergency fund is for sudden needs in life, not to vent greed in investing. Because investments can be made at any time with special funds that have been prepared in advance and that can also provide a small profit for the investor. The advantage is that he can survive when the assets he invests experience a price decline in the market which does not have to make him panic and sell his assets at low prices.

[mirakal]

Most people agree with OP's point and what OP said is absolutely true. But I really doubt that too many people will do that because we all have greed, and everyone wants to get rich quickly. I still believe many people are supporting the OP, but they are doing the opposite, they are still using their savings and emergency money to invest in bitcoin because they crave wealth. To be honest, to do that is not easy at all, it seems easy to say, but escaping the temptation of money is very difficult.

That's somehow normal in this world, after all, we are just humans who are bound to make mistakes. I'd say that let them make some mistakes in their life so that they will learn, it might be an expensive one though but it is what it is, there will no experience and lessons if there are no mistakes as we cannot just grow from reading alone and reflecting from other people's mistakes. It's still best if we are the ones who will experience it so that we know what's the feeling, and by that time, you will not want to be in the same situation again.

[Razmirraz]

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

One of the reasons you should use reserve money to invest is because all investment assets have a risk of falling in price. It would be very wise to use reserve money for investment because it is not yet known whether this money will be used for any purpose. Early anticipation is needed before deciding to invest, using cold money for investment can reduce panic, stress or depression if the value of your investment suddenly decreases in value or even disappears due to a significant price drop.
Of course all normal being don't like the name of losing in an investment, but any investment media has a risk of loss. It is necessary to do thorough research before investing, let alone known Cryptocurrency investments are like a double edged sword.

[Velemir Sava]

I think it is natural for individuals to choose to avoid losses in business, career, investing, and trading. This is why many of the companies implement financial policies to track investment and profit flows. Similar to any other business, Bitcoin can experience gains and losses. Well, this is where it is important to invest wisely and only use funds that you can afford to lose without negative consequences for your well-being.

[Accardo]

To play safe we must invest our spare cash, but if a person is accurate enough to observe the market and realize that it'll pump to a certain amount and yeild them profits they can invest more than their spare cash and wait for results. Though, it's risky but the higher the stake the bigger the profit, thats what ww should consider as well. Hence, the person that took the most risk will profit or loss more than the person who invested just his spare cash.

[MFahad]

Sometimes people think that all others currencies are more risky than bitcoin but I think that bitcoin itself is very risky because not everyone is master of taking good decision. Small amount is good idea but sometimes people put more and more money into bitcoin after which when they need it they cannot sell it or wait more because they need to fulfil their requirements as well as to earn money through bitcoin investment. Therefore it will be better for all crypto investors or traders to just use little amount of money because if you select large sum so this greediness will destroy all your income.

[alastantiger]

Is better to use small money or learn risk management first before investing especially newbies.

Using small money is still part of the risk management strategy. Is it not? So use small money to "taste the waters" before going all in.  Basically, you have to invest in accordance with first your financial goals and second with you level of knowledge about bitcoin. Bitcoin still remains a highly volatile asset and even though you stand to profit massively from its investment in the long run, there is also a chance that you could lose all you've have. Worst than using spare money is borrowed money don't even think about it unless you have thought it through and through.

[Cling18]

Is better to use small money or learn risk management first before investing especially newbies.

Using small money is still part of the risk management strategy. Is it not? So use small money to "taste the waters" before going all in.  Basically, you have to invest in accordance with first your financial goals and second with you level of knowledge about bitcoin. Bitcoin still remains a highly volatile asset and even though you stand to profit massively from its investment in the long run, there is also a chance that you could lose all you've have. Worst than using spare money is borrowed money don't even think about it unless you have thought it through and through.

Your decision on how much money to invest should be based on how much you can afford to lose. We must be certain that we understand how to manage and deal with the risks associated with the investment we would make.
To avoid future regrets, we must be firm in our investment choices. We must be clear about our long-term objective before investing, and if we have great expectations for achieving our target profit, I believe it would be prudent to set aside enough money for it. We must ensure that we are setting aside a portion of our income for investments because we all know how important they are to our future.

[hannahB4]

The spare money you're talking about is it your savings or just idle money, if is the latter, I will use it because in the next 3 years that same money will be the same in face value but may have diminished in potential value, after three years of investing such money in bitcoin I know I will have a good investment.

[Nwada001]

Most people agree with OP's point and what OP said is absolutely true. But I really doubt that too many people will do that because we all have greed, and everyone wants to get rich quickly. I still believe many people are supporting the OP, but they are doing the opposite, they are still using their savings and emergency money to invest in bitcoin because they crave wealth. To be honest, to do that is not easy at all, it seems easy to say, but escaping the temptation of money is very difficult.

Indeed, you got it all right... This thing called greed (some people also call it risk) is actually what has taken most of us this far. Spending your spare money is just a financial advice that one should adhere to if they don't want to face a breakdown when something happens to their investment, but my question is, is there anything anymore that is considered a waste? Because the amount is small, it won't be painful when one loses it.

In as much as we want to get greedy and take the risk of investing more than we can afford to lose because we all crave a higher profit, we should also apply caution when doing it. Let's all not be too greedy and learn how to control our greed before it controls us.

[Yatsan]

Not a mandatory but would be helpful if you are having the desire to make it big than to just leave it resting on your wallet or banks. It could even also give you the opportunity to leave your job if if ever it would be a profitable investment. But this is not a requirement, just an option. Some people are fine with just saving their money for a long period of time.

The spare money you're talking about is it your savings or just idle money, if is the latter, I will use it because in the next 3 years that same money will be the same in face value but may have diminished in potential value, after three years of investing such money in bitcoin I know I will have a good investment.

What's pyshing away some people from this idea is the risk of losing. Not all people could afford this possibility which is why they are choosing to just secure their money even if its face value would be the same. On the other hand, downside of just daving is for the money to end up just being spent and to not be bigger for years unless you'd add up an amount from your salary.

[Rigon]

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

Before investing you must remember that you should invest the amount of money you can afford to lose. Many have made huge amounts of money by investing and many have wasted their lives by investing. So you must consider all aspects before doing this risky business. I can say from my own experience that I invest when the price of Bitcoin drops from $69k to $40k. I invested expecting a lot of profit but instead of profit I got a lot of loss. But I'm not complicating my loss and I'm not taking any extra stress. I would say to the newbies that before investing one must see all the intricacies of investment and then invest. Because after making an investment, if there is a loss in that investment, it cannot be broken.

[rojan]

I think it is natural for individuals to choose to avoid losses in business, career, investing, and trading. This is why many of the companies implement financial policies to track investment and profit flows. Similar to any other business, Bitcoin can experience gains and losses. Well, this is where it is important to invest wisely and only use funds that you can afford to lose without negative consequences for your well-being.

If we can wait a few years to invest then it will be better for us. Because if we invest in bitcoin now we will get profit so we have to wait for a few years after investing. If we can invest in bitcoin now then the price of bitcoin will increase several times after few years.Then we will have a good amount of profit. I think this is the right time for us to invest.

[Twentyonepaylots]

I think it is natural for individuals to choose to avoid losses in business, career, investing, and trading. This is why many of the companies implement financial policies to track investment and profit flows. Similar to any other business, Bitcoin can experience gains and losses. Well, this is where it is important to invest wisely and only use funds that you can afford to lose without negative consequences for your well-being.

If we can wait a few years to invest then it will be better for us. Because if we invest in bitcoin now we will get profit so we have to wait for a few years after investing. If we can invest in bitcoin now then the price of bitcoin will increase several times after few years.Then we will have a good amount of profit. I think this is the right time for us to invest.

Indeed, there is really a potential profit in investing into bitcoin but we should always consider our financial capability and soundness so that the money that we will be investing is the one you really afford to lose which means that this does not in any way affects your finances when something goes wrong or bad with it. Also, investing and not getting greedy with it is also important since you should set a target profit and price so that you can expect a guaranteed profit with it. You should learn to control yourself and your emotions so that you can really make wise decisions to get profit with your investment.

[niko053]

That's right, any investment cannot always make a profit, sometimes more precisely there is always an article about losses.

[Jatiluhung]

It is sad truth that millions of people are working towards saving money to buy unnecessary things like 100s of clothes/dresses. 50s shoes etc. They can't realize they could buy their future life if they use their savings towards investments. Many stock markets are in very cheap prices right now around the world. Bitcoin is also fairly cheap in my opinion. Why would someone save money to not use it at all? People should not worry about potential losses through investment. You can have new lessons anytime you waste money.

What worries me more is that most people don't really understand what inflation and deflation are. So they think saving fiat money has made them avoid losses. They do not realize that every year the money they save experiences depreciation in value. Unfortunately they are not aware of this. They still think that as long as the amount of money they save doesn't decrease, it means they don't experience a loss. but that is a wrong assumption. they misunderstand and do not realize that even though the amount of money they have remains the same, the value of the currency they hold actually continues to decrease in value.

Due to the lack of knowledge about this, of course they think that investing is a more risky thing for them. Even though saving money, it is certain that they will experience losses due to depreciation in value. Meanwhile, in investing, they have the opportunity to make a profit if their investment assets increase from year to year. An example of investing in Bitcoin. if we invest 10 years ago then the value now has grown tremendously. and if we invest in land then 10 years later the price of the land will also increase. although not too high and fast. but the value of land prices continues to increase from time to time.

[Raceonsucced]

Investing using reserve money is not wrong. everyone has their own rights. But in a situation like today, people tend to want to get a lot of profit immediately, even though they already know the risk is high. Because people who really need money want to have a lot of money soon.

But I think investing with spare money or investing with less money is safer and the risk is not too high. It's just that in investing should not be too greedy.