Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.
Talking about approach I believe the phrase
"HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it.
Actually in something like this I still think differently from what hodl said what you can afford to lose because I don't hold back to lose even though maybe in this case the intention of some people is that when we hold back and invest we must also be prepared to lose because bitcoin is still at risk. But in my opinion, such a notion sounds like investing in bitcoin seems to be gambling because it assumes that when the worst happens then we will lose the investment we have but keep in mind that this is an investment and even if there is a worst case scenario where bitcoin has decreased we also do not lose anything (in the bitcoin investment we do) if we do not sell it even though in terms of value it may shrink but we will never lose as long as we do not let go. Therefore, I do not really agree with the phrase "hodl what you can afford to lose" because I hold not to lose but I invest and still hold bitcoin until now because I believe they will have better progress.
In addition, assumptions like this also contradict the strategy that I do because I am in bitcoin with good intentions and a strategy that until now I think is right so what am I preparing to lose even though the risk of crashing bitcoin is still there but that does not mean we lose the bitcoin we have.