Many people advise newbies to invest only what they can afford to lose but I have done this a few times before and as time goes on they get tired, if I ask them why they reply, 'I don't know it's going to take this long, I have come to realize that telling newbies to invest only what they can afford to lose is incomplete because they don't know how long it will take anyway and most aren't prepared for that.
Instead, I tell them to invest the amount they won't be needing for the next 5+ years, this prepares them mentally and physically, and those that are weak will give an answer instantly saying no way.
If one invests in Bitcoin he is not going to lose money anyways, the worst case scenario is holding longer than they prepared for, I am sure that everyone knows that the risk of losing money invested in Bitcoin has gone down a lot, keep buying with FIAT or Stable coin you don't need for the next 5+ years and you will be 🆗.
I don't like this statement
invest only what they can afford to lose
, it is not a statement of encouragement. Instead, tell the person invest in bitcoin but there is risk because the price is not stable. You can invest today with the price of 22$ and probably by the time you want to take the funds it might be at the rate of 20$ which means you are in the losing side. So when you invest in it you have to be attentive to the movement of the price for a very long period of time. And if the person likes the risk involve allow him or her to invest and if the person is not interested then let him or her go.
Mate everyone needs money at all time. So investing money that one doesn't need is an understatement, that Investment money can be taken at anytime. Because expenses is uninvitable. So you might spent that at anytime. You have money and you an urgent matter to settle won't you spend it to settle the issue?