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Certainly, it would be unwise decision, as suggested by @Jay to invest money in Bitcoin (highly volatile and risky asset) that is meant for essential expenses. It can indeed lead to financial trouble. Therefore, the key takeaway is to prioritize financial stability and have well thought out investment plan that doesn't jeopardize immediate needs.
Two things is involved for investment, either you lose or you gain, losing is totally the one you are emphasising that will put you into trouble why gaining will make you to think investment is all about luck and it's based on priority, I don't have much to say in investment of cryptocurrencies and for it's bitcoin because investment in bitcoin is like someone who is in five story building upstairs trying it's luck of jumping out from upstairs of five story building to pick so billion dollars, so making such decisions of jumping from high magnitude,
The reality is that you only loose in Bitcoin when you sell.[/quote] When you sell bitcoin you don't loss, the only thing is that you may have regret why you sell your bitcoin and maybe immediately you sold your bitcoin the price increased and that is why some do have remorse after rushing to sell out of their coin, and before someone can sell out it's coin maybe they person has meet up with it's target or the person is selling because of bearish season that maybe fast approaching.
So, we can say that Bitcoin presents an exception to this rule of investment. Check price history of Bitcoin to see that it has maintain good gains over a period of some years.
You are saying as if bitcoin price do stands on a constant growth, the market of bitcoin always fluctuates and you may not know the actual year the price will be benefiting or not what we supposed not to depends on bitcoin price and still inform people that bitcoin price has not disappointed.
Conventional long term investments require at least five years to break even and evaluate for profits. Giving Bitcoin this five years interval, Bitcoin have maintained upward trajectory meaning anyone that would have invested in Bitcoin for the past five years would have been in substantial profit.
Some people don't have a duration or don't have a target when investing in bitcoins and that is the issue they have. Even though you are investing for short duration at least you are supposed to have a duration and time frame that you will cash your funds and even though it's a long time duration you have to still have a target, when you have how many years your investment will take up to or last you will not be bothered for bitcoin falling and bitcoin rising even being panic when the price is getting lower
If Bitcoin follows the market cycle and halving events, we might see a price shift to new highs and this will further demonstrate the superiority of Bitcoin over other investment portfolios. Even though no one can predict the future, there is a possibility we might see price of Bitcoin respect the market cycle.
One thing is that Bitcoin price is not predictable and the market determine how we will define the price, bitcoin portfolio changes when the price increases and the price increase when new investors come to the market, this is two things that is involve in bitcoin price and the market too, when investors come in to the market bitcoin became promising, what we are asking for, is for bitcoin price to increase