Quote from: Odohu on Today at 04:58:00 PM

Quote from: GigaBit on Today at 04:27:50 PM

Every investment is risky. We should invest in Bitcoin such money that we can afford to lose.

If you scroll up a little, you will see where I made this post regarding this statement of "investing what you can afford to lose". This statement appears to be wrong if you give it a critical thought and it makes Bitcoin investment appear like gambling. Like I said before, the right statement should be "invest money you can hold for long, money you don't have urgent need of".

If we begin to guide newcomers in this direction, they would have already developed the heart of hodlers from the very beginning. Since they know it will not be a quick profit venture, they will have the patience to hold even when price is not rising. Many people who introduce Bitcoin to people made them believe it was a get-rich-quick something, this is basically where the anxiety of panic selling, FOMO, and FUD come from. FUD is usually the last resort when the quick profits they were promised did not come as expected. Hence, it is necessary we make efford to change the narratives by giving people the right information.

The risk of Bitcoin is almost eliminated when enough time is given to the market to yield profits. In other words, Bitcoin is mainly risky for those that want to make profits within a very short period of time. This has be proven by the historic data of Bitcoin and we hope it continues that way.

When I read your comment, first thing that came to my mind was to assume someone came to tell me about Bitcoin when I don't know anything about it yet. I am just imagining being told that Bitcoin is a good but I should invest only what I can afford to lose. That alone would have discouraged me and I will never give it a second thought to invest in it. Sincerely you are right that the way we present Bitcoin matters a lot.

I have learnt many things joining the discussion in this thread. My understanding and ideology about Bitcoin have also improved drastically. Basically, I now have a new approach I can use while talking to those who are not much experienced on Bitcoin.