Is investment a necessity or a want?

[Webetcoins]

Certainly, our ability to achieve goal of saving some funds for investment, depends on our financial circumstances, specially balancing our routine monthly expenses against our income. In my opinion whatever is our monthly home take, we should at least allocate 10% towards investing in Bitcoin which is known as digital Gold. If, we consistently accumulate Bitcoin in small amounts, such as $100,, It is possible that by the time we reach retirement age, we will have enough accumulated Bitcoin to comfortably enjoy our retirement.

Correct. I agree with you that such a step is a wise one. By investing in bitcoin regularly, in retirement we will enjoy the results comfortably. But we also have to analyze the market so we know when is the right time to enter and exit.

Investing till retirement? Hmm, that sounds like a long journey and one must be really committed to it, so that they won't sell too early or they can endure the pain of seeing a good opportunity pass out. It is also important to have a saving on the side apart from our investments so that this is the money that we will use when we are having an emergency.

Anyway, I see a lot of retired people who can rarely enjoy what they set aside. This is why some people are only enjoying their life as long as they can. In investing analysing the market might only be optional. This is one of the best things here, while analysing the market is mostly needed in trading.

[FanEagle]

Considering the financial situation the world is in right now, we have to say that it's really a "must", not even a necessity or anything, it is a must. Because considering what we would be doing right now without any investment at all, it would mean that we would work until we die, there is no way to live with the way we are doing right now.

However, if you invest even a little bit for a long time then it becomes a big amount in the future, that's the most important part. I believe it is going to matter one way or another, and should be something that could give people a better life in the end. I know it may look like it's slow at times, but look at it on the long term and that would be something that would get a lot better eventually.

[Kelward]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

This should be balanced, and it should be based on your financial capacity.nvestment is a want of course, and if you really want a better life then you might consider to do some investments or even have your own business.Health is a necessity that we should not ignore while we are aiming for our dreams because health is wealth and your money is useless if you are not healthy anymore. So before you invest on any thing, make sure you invest with yourself first.

Very true that health is wealth and your savings and investments are useless if you're not heathy, therefore you must prioritze your health and basic needs to survive before you can think of investment, otherwise you might not be happy or alive to enjoy the ROI of your labor. For an easy investment plan it's important to have a plan of DCA method where you can take periodic fund from the budgeted amount for your investment, in that way you must've mapped out an amount for unforseen expenditures that'll go into savings, remember that savings and investments are not a do or die affair.

[Frankolala]

Investment can become a necessity because by investing we can grow quite well financially, especially by investing in crypto which has quite high price fluctuations, this makes investment grow faster. but with the right choice of coins like bitcoin. I have top bitcoin and altcoin investments that I still hold, they have started to grow and provide returns.

Investment is a necessity because we can earn money to manage our needs and if we have enough money then investment become our wants. Due to fluctuated nature of crypto everyone wants to make an investment in it to find a way of making money so some people invest due to their wishes as well as interest while some invest due to unlimited needs of a family.

People cannot rely on a single salary so they often invest in crypto because salaries are not enough to accommodate the debit. So I think most of the people make investment in Bitcoin and altcoins for the reason to earn more and to save some amount for future.

Investment is necessary because it will safe us in future and also be as a retirement funds for us when we are old. This is why the rich is diff2feom the poor. The rich have investment that they use as back up in their financial lives, and when there is a problem, it is easily solved.

Anyone who does not understand that investment is a necessity, will not be able to fight his way out of poverty. Nowadays, you don't need a land or an investment that everyone will see or pass through stress. This is because bitcoin and cryptocurrency have given us the opportunity to invest with little amount and grow our investment for the future.

[Magic-Money]

Investment is a something that cost you something that we only focus on the future, which not look to be distracted from any where, when it comes for cryptocurrency investment and secondly, when you invest in Bitcoin and Ethereum have rest of mind and it always be in profits as long have patients holding for a long time investment.

[strunberg]

I can say investment is a necessity. One way rich people maintain the value of their wealth is by investing. People who save their money in FIAT or people who always spend their salary will never be successful people. Your salary will continue to be eroded by inflation and that will make you poorer in the future. I agree with your friend who chose to invest. We need emergency funds in the future if there is an urgent need or the company lays off.

[Wiwo]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

Such a person have lost direction,  i don't think he will end well taking such steps, investing in coins for that mater has no guarantee and in the future those coins could become worthless while he may have already lost his health at that point.

There is a popular proverbs that say that health is wealth so there is no way you can chase the wealth and destroying your health in the process,  investment is good but it should be done out of no pressure or demands for the capital and such as important aspects such as health should be seen as primary thing.

[wheelz1200]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

It depends on what that Healthcare is.  If he has a cough and just isn't going to the doctor than fine.  But if it's something serious than no investment is worth putting that off.  It's nice to leave things behind but I'm sure those people would rather have the person around than their money.  As with anything balance is the key to life.

[KupaCrypto]

In my opinion investment is a necessity, Is just like a farmer saying planting is a want, as a farmer you need to plant so when it's time for harvest you will be harvesting with other farmers, same goes to BTC and other altcoins if you don't invest how will you benefit when there is a price surge of the coin, if many had known what was coming in Bitcoin they would have invested heavily in it a decade ago, Investing is a necessity but if anyone sees it as a want then it's his or her personal opinion, the sole aim of everyone investment is making profit and if you see investment as a want then you will also see making profits as a want too.

Making investments when it comes to altcoins is the really the problem, the problem is knowing the right coins to invest in and the right time to invest in it.

[el kaka22]

In order to avoid the pit we are in, we should invest. I personally agree with that statement, it's just the way to figure out how we can survive. I am literally having hard time just surviving until the end of the month, I do not have investments that much, and the ones I have I try to not touch it, like try to avoid it, so it's really hard to live these days. If I cash out my investments, where else will I find the money from, we all know I won't and nothing will get better.

I think it should be important to realize that we need to make sure we could make some money based on what we can provide, and if not then we could turn our money into more money. That way we could feel much better and get a greater return instead.

[strunberg]

Considering the financial situation the world is in right now, we have to say that it's really a "must", not even a necessity or anything, it is a must. Because considering what we would be doing right now without any investment at all, it would mean that we would work until we die, there is no way to live with the way we are doing right now.

Yes I agree with you. Without investment you will only be a worker for the rest of your life until you die. That's a really bad way to live. Currently the rate of inflation is greater than the salary we can receive. This means the value of your money will continue to be eroded by inflation. Investments help you maintain the value of your assets. You can invest anywhere like gold and stock instruments but in this context I agree to set a section for crypto investments. Believe me, you will be able to enjoy your retirement if you consistently invest from now on.

[vs2014]

I think those who are thinking of investing now may face big losses as the price of bitcoin is constantly falling so most of the tokens will start dumping. I don't want to mention any month but during this year you can get rain in a big bull market. So if you are thinking about holding top altcoins then wait for some more time. If we talk about the emergence of new coins during this period and the decision to buy these coins then your risk will be high.

[AnonBitCoiner]

Investment is necessary because it will safe us in future and also be as a retirement funds for us when we are old. This is why the rich is diff2feom the poor. The rich have investment that they use as back up in their financial lives, and when there is a problem, it is easily solved.

Anyone who does not understand that investment is a necessity, will not be able to fight his way out of poverty. Nowadays, you don't need a land or an investment that everyone will see or pass through stress. This is because bitcoin and cryptocurrency have given us the opportunity to invest with little amount and grow our investment for the future.

The difference between poor and rich is only the power of money as rich can utilise money to make more money but poor people often think about the risk because they have little amount of money which they don't want to loss.

Some rich people don't have any idea about investment and they don't know how to spend money so they never assume investment as a necessity therefore they spend all the money they have earned and at last they feel disappointed after completing their job.

Cryptocurrency is giving us opportunities but most of the people don't accept it because they think that they will loss money but I think they should accept this risk once in life to understand the value of crypto.

[teamsherry]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

Investment is more like a personal decision, cause you can decide to see it as any of these, a person quite young that is much more indulged in live would want to use his income to flex a bit an might see no value in investing but another might see investing as a must at that age, so a lot of possibilities on how people woudl view Investment, but its the 21st century and a lots of folks are getting mature, so yeah at a time like this Investment is more like a necessity than a mere option or soon woudl be, especially when fait holds even fat less value than now.

[lixer]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

Investment is more like a personal decision, cause you can decide to see it as any of these, a person quite young that is much more indulged in live would want to use his income to flex a bit an might see no value in investing but another might see investing as a must at that age, so a lot of possibilities on how people woudl view Investment, but its the 21st century and a lots of folks are getting mature, so yeah at a time like this Investment is more like a necessity than a mere option or soon woudl be, especially when fait holds even fat less value than now.

That's true and and not only young people but many older people still doesn't have an investment. Some could be living their life the way it was designed and some thinks they are too late already for this. Maybe we are now in the 21st century but some people are still the same to what I said earlier.

There's also people that no matter how much they want to invest, it's just that there are factors that won't let them do it. The main would be is lacking in budget due to their small paying jobs. We can't just say that they will need to add another because these people are already working full time and they are tired already after they get home.

[R100K-Martin-Lunger]

I think if you're looking to be financially secure in the future, or have certain financial goals to hit, its a necessity. If you Don't have any particular financial goals to hit, its a want.

Personally, I think its a necessity and everyone should have certain financial goals.

[Rabbitqt]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

It really comes back to mindset. If you're just putting money in, hoping some no-name coin will do a 1000x, then no, this is no better than gambling. But if you intend to hold this asset long-term, then it's a necessity.

[Sayeds56]

Investing should be a choice for those who care about the future, but if your money is spent to the detriment of your health, you will soon pay twice. You shouldn't sacrifice your health by buying coins, especially if we think that the OP created a thread in the section about alternative coins. When buying alts, you must understand that they can fall in price at any time. You can worry about buying Bitcoin instead, but that expense should also be money you might not think about for a while. If we talk about the emergence of new coins during this period and the decision to purchase these coins, then it is safe to say that most of the new projects appearing during the bull market and the upcoming halving will be scams. Fraudsters do not sleep; they will create dozens of scams to extract money from naive investors.

Your advice to approach investment with caution specially when it comes to investing in new altcoins, is indeed sound. nevertheless as we reach our 40s, it becomes imperative to start making saving and invest those savings in investment avenues, such as mutual funds or digital assets like Bitcoin to establish financial safety net that can generate income for our retirement years to live a comfortable life.

[yazher]

Well, people are getting hyped in the current situation and such scenarios are normal, the only thing you can do is advise them not to get too much hype that they forget their priorities which makes them throw away their money without giving any second thought about the consequences of their actions. In the altcoin investment, there are lots of people have regret their actions because instead of waiting for the right time and using the money they can afford to lose, they followed some deceiving influencers who were manipulating them to invest rather than making some good effort to research which coins are the best to invest their money with this season.

[God bless u]

It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?

I think giving a lecture to these kinds of people is just a waste of words. In this world where you can die at any age, in any situation why you're compromising on your present. This is among the top foolish things that you can do with your life.
 
In my opinion you should invest in yourself with all the necessities and wishes you have. Only then something is left behind you should then invest it in different categories and Businesses. It's not fair with yourself that you compromise on your health just to invest and get a safer future that you're not assured of.