Investment Become Gambling

[icebar]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

✨

By definition, h was gambling his way to profits. That's what most investor  do today.

People because of fear would monitor the market like a hawk watching its prey. This is why they make so many mistakes that ruins their investments too early. A long term investors has lesser chances of losing when he holds for long.

The market can fluctuate all it wants, but a long term investment would counter for those period of volatility and reward the investor with more profits when price breaks out of it's previous high.

Hearing this part of your speech, many may think that Bitcoin investment is always a loss at first, only if you hold it for the long term, the loss will be reduced. But in reality, Bitcoin is a potential asset in the long term, which can protect your savings from inflationary devaluation. Bitcoin can even strengthen your position in the long term by reducing the impact of short-term volatility. Even if you have a long-term plan, a temporary decline cannot weaken an investor's plan.

[Emjay24]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

[Proty]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

[PhilosopherKing]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

[MainIbem]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

It's something that's inevitable as human and doing it on an investment is not left out cause it may be due to ignorance or overdoing (like being over aggressive in accumulation for instance) but the problem is not with making mistakes, it's when the mistake or mistakes are not corrected that's the big issue and if an investor keep repeating a mistake without correcting it or figure out the right thing to do then it's not considered mistake any longer but something done deliberately, maybe out of greed. I agree that no one is perfect. Like I said, we're human afterall and born out of imperfection but we got brains and should be sensible enough to correct our mistakes when we make one.

[Tongley]

I agree that mistakes are part of the learning process. Most people who are new to Bitcoin make errors, whether it's trying to time the market, panic selling, or focusing too much on short-term price movements. These experiences often become valuable lessons that help them develop a better investment mindset over time.

That said, advising people to invest in Bitcoin should also come with encouraging them to learn about it first. While we shouldn't deny others the opportunity to discover Bitcoin because of our personal beliefs, we should make sure they understand both the potential benefits and the risks involved. Education and informed decision-making are just as important as participation. After all, none of us started as experts. We learned through study, experience, and sometimes through mistakes. The best thing we can do is share knowledge, guide newcomers, and allow them to make their own informed choices.

I agree with your first part, but I disagree with your second part. Because you should never encourage someone to invest or give them knowledge to invest is not the right decision. Bitcoin market is very volatile. If a new person is encouraged to invest according to your advice and if he starts investing. After starting investing, if the market goes down and he gets scared and sells his holdings, then he can blame you for this loss. Going ahead and giving someone knowledge is not the right decision at all but putting the risk on you and hoping.

But yes you can give knowledge to that person, the person who comes to you to learn about Bitcoin. You can tell him about the risks of Bitcoin and give him information about Bitcoin. If he is willing to invest then it is completely on his own then he cannot blame you

[sotelorene]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

The ending part of your thread seems confusing because already we know that discretionary income is where some other funds that will facilitate our Bitcoin accumulation comes from but I'm trying to understand what you actually meant by discretionary consumption. However, after other funds such as emergency funds, back up funds and some others must have been kept using all our discretionary income is not bad so long as it is from discretionary ( aggressiveness) but it should be carried out wisely.

[JoyceBTC]

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

You said the right thing, emergency funds is important in bitcoin investment for safety, security and lack of fear but if you have your investment capital, steady source of income you can start your investment journey then create budget to separate your investment amount from the emergency funds you need to keep. For those who are into DCA method of investment they do not have need to fear about emergency funds since they can enjoy a flexible time investing any time when bitcoin price is high or low it doesn't ooo but much free in them. For long term holders, your source of income play an important role in your investment because you don't have to invest with everything you have which is where discretionary income comes in.

[Nasdel4]

I think behavioural patterns have great impact on investing and sometimes it's due to unavailability of resources pushing an individual towards making irrational decisions and assumptions. Let's say for instance, my rent is due and I haven't saved enough money for the rent.. my next option wouldn't be to borrow but to utilise what's available asides savings which would now be the investments already set aside. Now in a situation where I already have profits on my portfolio, I won't hesitate because the next person isn't in my situation and would not understand.

[Nasdel4]

I think if an investment feels or becomes more like placing a bet with a high chance of losing it all quickly, and less like owning a part of something with a plan for growth either long or short term then it's definitely crossing into gambling territory and this is similar with a lot of investment opportunities nowadays because most companies that present such opportunities have ulterior motives in their favour.
A lot of people are naturally greedy so they tend to fall into this trap, thinking they are investing but they are actually gambling. People desire quick returns in short periods pushing them to take avoidable risks without a rethink forgetting nothing good comes easy and growth sometimes takes time.

[Judith87403]

You said the right thing, emergency funds is important in bitcoin investment for safety, security and lack of fear but if you have your investment capital, steady source of income you can start your investment journey then create budget to separate your investment amount from the emergency funds you need to keep. For those who are into DCA method of investment they do not have need to fear about emergency funds since they can enjoy a flexible time investing any time when bitcoin price is high or low it doesn't ooo but much free in them. For long term holders, your source of income play an important role in your investment because you don't have to invest with everything you have which is where discretionary income comes in.

It really doesn’t matter the investment or accumulation approach you’re using, having financial cushion is mandatory for every investor. I’m not saying it must be in place or readily available before one can begin their accumulation, No, as long as there a reliable source of income, you’re able to meet your basic financial needs and obligations, and of course there’s disposable money after covering every other expenses, then you can get started,  and simultaneously build both your emergency fund and your portfolio together. But one thing is sure, your Bitcoin investment is never safe without the emergency fund.

[aNot!FicaT!on]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

Having an emergency fund is certainly important, as it can protect an investor from being forced to sell investments at a loss in the event of an unexpected financial situation. However, in my opinion, the idea that one cannot start investing at all until the emergency fund is fully prepared is never correct. If one really has discretionary income and invests an amount of money that even if lost, will not affect his lifestyle, then he can gradually move forward with both Bitcoin savings and building an emergency fund. For now, there is nothing wrong with investing with 50% until the emergency fund is built, and continuing to build an emergency fund with 50%.

An emergency fund is definitely necessary, but it should not be taken incorrectly that without an emergency fund we cannot start investing. If someone does not invest for years while waiting for the emergency fund to be completed, then he will be deprived of the opportunity to participate in the market and the possibility of accumulating long-term wealth, and he may even give up the idea of ​​investing at some point.
So it is possible to do both in the beginning, and this is how one should start. However, one thing must be taken very seriously and that is that the investment money must be such that even if lost, it will not affect the person's daily life, bill payment, food, shelter or other basic needs. Because there is always risk in Bitcoin investment and there is no 100% guarantee of future profits. Investment should be made by accepting this reality. By accepting this reality, investment and fund formation should be done with discipline, a prudent investor can create a balance between these two things, he can also deal with the uncertainty of the current emergency fund and at the same time prepare himself for the future.

[ejikeme24]

Let's say for instance, my rent is due and I haven't saved enough money for the rent.. my next option wouldn't be to borrow but to utilise what's available asides savings which would now be the investments already set aside. Now in a situation where I already have profits on my portfolio, I won't hesitate because the next person isn't in my situation and would not understand.

The truth is that you really don't understand the investment you're into, because if you understand you wouldn't have said your next option would be either to borrow or to make use of the available one which is your investment. You're supposed to have other options aside from borrowing that's emergency funds or backup funds, if you have this above mentioned funds set up, you can dip your hands in any of this funds to sort whatever it is that you want to sort without tempering your holdings, but it seems that you guys don't give priority in building emergency funds while accumulating bitcoin which is very wrong.

[The Founding Titan]

If we want good results from Bitcoin, we must develop a long-term mindset. Short-term Bitcoin trading is like gambling, and nothing good can ever be expected from it. If we want to build a good financial foundation for the future, we must be prepared to hold on for the long term. We will never achieve anything good by trading in the short term, here we will most often face losses rather than gains. The price moves very volatilely, which is impossible to predict, so it is also very impossible to profit from it in the short term.

The prices in the market are unstable, it's very volatile and we can make huge profits with our own pattern. Our mindset is everything in the market. If we're planning to succeed in the market, we start to thinking positively in the market, knowing our principles and abiding by it. Although it would take quite a huge disciplinary action to stay up and going in the market but we can pass this hurdle and become someone great, a trader that his reputation precedes him already in the market.

Fine and good if this was a trading thread but it is not so definitely not fine and good, plus as far as bitcoin is concerned while it is possible for short term traders to make profit from it, the likelihood of profit rests more with long term investors than either traders so even though there is a chance of payout for trading bitcoin it will still not beat the alternative of investing it instead, you can do whatever you want with your own money but if you are planning on pushing people to become bitcoin traders then you are in the wrong thread, take it elsewhere.

[Hardyrobust]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

It is not all mistake that is worth making, there are mistakes that someone will make that can cause then a fortune and they may never recover from such mistakes. So there is need to learn from other people mistake in other not to repeat those mistakes that may likely cause us our income .
Nobody is above mistakes and there is doubt about that but there are mistakes that people shouldn't dare to make because the consequences maybe fatal. Just imagine losing a live saving because of one silly mistake. Trading should be avoided by all means because money lost from trading can't never be recovered especially with it is huge amount.

[GIF-JOBS]

the beauty of the market is that it consistently rewards those who are patient enough to let their investment grow.

Patience isn’t always rewarded in markets. Many people have done well in the past by being patient and holding quality investments for the long term but it’s no sure thing. Some investments can lose money or go nowhere no matter how patient you are. Good risk management and realistic expetations are important too.

The issue of uncertainty is true, even if we manage an investment completely correctly, we do everything properly, but in the end, we do not get the guarantee of success from that investment. But there is no guarantee in anything, but does this keep everyone away from investing? Everyone invests with faith and accepting the risk of this uncertainty, they have to take risks, those who never want to take any risks, they will never get any good results. This is the most important thing. So if we want to achieve something good, we have to take risks, everyone achieves success through taking risks, and it's no different with Bitcoin also.

[Obari]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

[ruykeri]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

[Xackie]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

‎I think one of the reason why people who buy Bitcoin focuses on short term gains is a result of what they've heard or consumed on the Internet, whereby they don't even make their own personal research. For example someone who follows an influencer on social media who  always posts about profits on Bitcoin always, so this kind of stuff influences the thinking of someone who wants invest in Bitcoin. Whereby they will quickly source for money without even planning properly and buy Bitcoin hoping that it will double their capital within 1 or 2 weeks.  For me I feel people should be wise enough not to always follow or do everything they see on the Internet, a better way to also make your findings before you make a decision.

[Princess Leah]

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

What caught my attention is the short term luck you mentioned, Bitcoin investment shouldn't be dependent on luck but hope that it would be rewarding in future that's why people are encouraged to hold longer, depending on short term luck is like a gamble which is a risk that shouldn't be considered with Bitcoin.

 Ignorance as an excuse is understandable but there are people who purposely choose to take more risks with Bitcoin investment cause they want quick money it's not like they don't understand the complications, they do but to them their goal is quick reward so they don't mind going extra mile to achieve it.