Why you should use spare money to invest

[salad daging]

Obviously, yes.

I mean, it's not smart to invest one time big time on something that you still 100% doesn't know. Spare money is good to invest because rather than spending it on something that is not that important, invest it in Bitcoin. Holding cold cash for me isn't really a good idea, like big cash, since it doesn't make profits or anything at all, it might get steal by someone in a worst case scenario.

But risk management is also important to learn before starting to invest in bitcoin, we know how the risks will occur later so make sure it is understood and the reserve money you invest will be appropriate if you know how to manage it.

We have to spend only according to our needs and indeed it shouldn't be excessive because it will cause regret, in life we will need reserve money for urgent needs later including unexpected things or other maintenance costs that become routine every year.

But indeed, to store cash on a large scale, it's not good, thieves will come if they know, so store it in something safer, don't hold fiat in your hands, this is also a high risk. Meanwhile, investing in bitcoin will grow the value invested, so it is important for someone to start immediately now.

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[Ryu_Ar1]

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

[ichsan ardi]

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.

Yes, that's right, learn first what are the risks involved in investing, hone our skills because all of that has benefits because that minimizes our risk of loss in investment because investing is not just buying and waiting for prices to go up and then selling. we also have to study what assets we buy whether these assets have the potential to increase or decrease in the future

[Blowon]

Reserve money or cold or free money is always recommended to use when investing because it helps us to control our emotions and greed. with spare money that we don't really need, at least we don't rush into making decisions to invest, buy, hold, sell whatever we do with that money. it will not disturb us in our daily needs. if the main money we use our emotions will be unstable when investing.

[bitzizzix]

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

Your way is the best way and can manage money well to be able to channel it for important needs, in addition to prioritizing important needs also setting aside money for investment and savings is an excellent choice after your important needs are prioritized.
just like me, I always set aside a small portion of my salary income from work to invest and also to save every month, and the savings serve as a reserve fund when I need it without touching my investments.

[Wend]

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.

It's very simple, if the money is just lies in a safe, then they will lose their purchasing power, this is the worst option that you can choose for your capital.

Investing makes it possible to increase capital and achieve financial independence, probably everyone would like to achieve this, but this will not happen if the money just lies in a safe. Of course, to make successful investments, you need certain knowledge, but no one said that this would be easy to achieve, you need to work hard to achieve wealth.

But I'm talking about emergency savings and daily spending money, I'm not talking about idle money in the safe. Using cold money is very common, and there is no argument when we use it to invest instead of keeping it in a safe or a bank. But I don't believe many people will just invest with idle money like OP, and you say, because human greed is huge. I even know some people who always advise others not to borrow money to invest, but they quietly borrow money to invest behind everyone's back.

[glendall]

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

I like the way you manage finances, with investment at least our spare money is still there and can be used when needed, it's different if you have cash reserves or savings which can be withdrawn and spent at any time

[kojektea]

yeah because it affects emotions when we really want to make a decision to buy, sell, hold, or long term investment. this really affects many things, not only your mentality, but also the assets you invest. even though at first you get a lot, by the way the emotion will run out quickly because crypto needs consistent profits. consistent profit generated from free money that is used only for investment.

[Ryu_Ar1]

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

Your way is the best way and can manage money well to be able to channel it for important needs, in addition to prioritizing important needs also setting aside money for investment and savings is an excellent choice after your important needs are prioritized.
just like me, I always set aside a small portion of my salary income from work to invest and also to save every month, and the savings serve as a reserve fund when I need it without touching my investments.

Because indeed when we want something good then the planning from the beginning must also be good at least that's what I think and when I have more left over then there is nothing wrong with budgeting like this because indeed this can also clarify how much your capital is for investment in the end and of course with that we can know whether what we invested really produces or not.

Although there will certainly be some other views on this but it depends on the perspective of course considering that in this case I think this is the best way for me, rather than indeed I spend more money just for needs and hedon for my lifestyle then I prefer to set aside it as an investment budget.

I prefer to say it's the money from the little bit we have each month.
Because with it I become more able to manage finances because it can be one of the budgets that can be prepared from the results of our income every month. I originally did that by reserving money from the unexpected budget to invest but increasingly I am becoming more and more liberated because I think that unexpected money like that is still quite needed even though in the end when a few months are not used it returns to savings and investment but it becomes erratic in the financial records that I have so in this case I try to change some strategies here.
I set aside about 10 to 15 percent of my total income every month just for the investment budget, the rest I divide for my savings, unexpected needs and daily needs so that with that I become a little more open and transparent about the amount of investment that I put in every month and of course this is quite important at least for me.

I like the way you manage finances, with investment at least our spare money is still there and can be used when needed, it's different if you have cash reserves or savings which can be withdrawn and spent at any time

This is the important point because when equalizing the reserve funds and being used as a whole in investment, indirectly when there is an unexpected need, we will be overwhelmed again by taking the budget from another place. at least by separating things like this I can be more comfortable with the investment that I do because it will not be disturbed when there is an urgent need that requires spending money because the reserve funds that we save are still in place and waiting to be used.

[Japinat]

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.

Yes, that's right, learn first what are the risks involved in investing, hone our skills because all of that has benefits because that minimizes our risk of loss in investment because investing is not just buying and waiting for prices to go up and then selling. we also have to study what assets we buy whether these assets have the potential to increase or decrease in the future

Yup, it's not all about buying low and just selling whenever prices are high to attain big profits in the selected field of investment. It may sound easy to do but it will be a big struggle especially for those who doesn't know the fundamentals about the reality of investing, knowledge is an integral part about investing so that you will not be overwhelmed whenever you come across such situations that will make you think twice. Even the so-called experts in the field are still making some mistakes, how much more if you don't have the knowledge and will just invest directly.

[molsewid]

Yup, it's not all about buying low and just selling whenever prices are high to attain big profits in the selected field of investment. It may sound easy to do but it will be a big struggle especially for those who doesn't know the fundamentals about the reality of investing, knowledge is an integral part about investing so that you will not be overwhelmed whenever you come across such situations that will make you think twice. Even the so-called experts in the field are still making some mistakes, how much more if you don't have the knowledge and will just invest directly.

I agree with you, it is not just buying when it is low and selling it is high. We should learn fundamentals first such as know how to read charts, candlesticks and even just read some news and articles on Twitter, Bloomberg etc because it is also has an effect or early effect on the price of the coins we are supported to invest with. It is not only invest only the thing that you afford to lose but also we should teach and learn ourselves, we need growth in trading because as we all know market is uncertain and volatile.

[AnonBitCoiner]

Obviously, yes.

I mean, it's not smart to invest one time big time on something that you still 100% doesn't know. Spare money is good to invest because rather than spending it on something that is not that important, invest it in Bitcoin. Holding cold cash for me isn't really a good idea, like big cash, since it doesn't make profits or anything at all, it might get steal by someone in a worst case scenario.

Spending money on that things which are not necessary and which cannot gives you profit is not a good idea because it will end up one day but if a person save money in a useful thing which can not only save money but can also makes profit of it will be a useful act.

There will be huge profit if a person invest in bitcoin but before investment some key points should be kept in mind and by utilizing knowledge everyone can obtain results that will be ever fruitful. If someone use money on useless things then it will be better if someone use that money in Bitcoin therefore money will be continuously boosting.

[Bushdark]

Reserve money or cold or free money is always recommended to use when investing because it helps us to control our emotions and greed. with spare money that we don't really need, at least we don't rush into making decisions to invest, buy, hold, sell whatever we do with that money. it will not disturb us in our daily needs. if the main money we use our emotions will be unstable when investing.

There is no need telling people to save money to invest since a time will come when they will need money to solve problems and when they don't have money to use to solve there problems, they would have no option than to go borrowing form people around them. Many have made the worse mistake in life not to have investment they could rely on when they are broke. The wise people would always save for the time of winter when there may be no chance to plant and cultivate what they have sow. We invest in the time of surplus for a better time when we could need funds to settle problems.

[Joshapat]

The best thing when we want to be successful in investing is to use money that we can think of as lost, don't use money that will be used for needs, sell assets or go into debt, this will make us regret because the market is often unpredictable so bad things can happen. If we rely on crypto investment for the main income of course it will make us depressed.

[carlisle1]

The best thing when we want to be successful in investing is to use money that we can think of as lost, don't use money that will be used for needs, sell assets or go into debt, this will make us regret because the market is often unpredictable so bad things can happen. If we rely on crypto investment for the main income of course it will make us depressed.

Yes, and you need to be mentally prepared for whatever situation that will come while you are in this investment, without proper knowledge
you will be fearing with the market sway and it causes you to sell your money with huge losses from your initial capital.

Make sure that you know what you are doing and that's also one of the good reason why you should use spare money, as you can hold for long and you
can treat that as a possible loss and you won't be shaken.

You can continue to hold for much longer time as you are not worrying about the money that you use.

[benalexis12]

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.

That's why most people always say that only invest what you canafford to lose, don't invest that you will regret in the end. So if you're just a beginner, the suggested thing you should buy Bitcoin and hold it for a few years, don't do short trading in bitcoin right away without knowing or having any idea about it. It's okay to buy Bitcoin while you're learning it as long as you hold in long-term.

[Franctoshi]

This issues of investing the amount which you can afford to lose should not be neglected and should be treated as important when considering doing any investment that involves digital assets, a lot of newbies investors has fallen victim of these. Some investors don't usually get real gist in the first place and until they got screwed, as they say experience is the best teacher. Recently a friend of my called me that he wants to invest in Bitcoin, the first advice I gave him was to ensure he's using spare money that he's not gonna be needing in the next 1-2 years hence I'm not in with him, which means he can survive 1-2 years without needing this money.

[usekevin]

Every person had a capacity to win in the business and to lose on the same business.To get some steady flow from the business,every one need their own strategy.All the trader should keep their records and note from the old price variations.Most of the people earning good money from the business or the cryptocurrency trading.But they need to increase the holding money by using the cryptocurrency trading technique.Holding in the cryptocurrency is the essential one.

[tjtonmoy]

Many knows this, but why they still do it? Emotion, greed, lack of analyzing skills, overconfidence, lack of knowledge? What is it? It is never a good idea to put all your money in one trade or any investment at all. The result is uncertain and not 100% guaranteed that you will make profit from it. So the risk is there and when you put all of your assets in one thing, when things go south, you are literally left with nothing. Also, one more thing I see now is that people take loans and put them all in investment and when they lose, the pressure to repay the debt is much worse than spending what you had. Why invest, which is not even yours in the first place?

Investment should only be made with those assets without which, your personal life will remain the same, and it won't affect your life at all. This is a topic that has been discussed many times in the past, but people still ignores it. So thanks to OP for making us remember this again.

[sulendra12]

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.

Using small money is great to learn the basic and to get the grasp on trading about the strategy and what to do/not and as the time progresses, you can definitely increase your investment capital by a little until you are confident with the knowledge you have. But still make sure to use the money you can afford to lose and not with your main savings, greediness is evil and you can definitely get trapped by that if you are careless with your savings and management.