Quote from: ThemePen on Today at 09:35:27 AM

Quote from: Litzki1990 on Today at 06:26:01 AM

A neighbor of mine who is older than me came to me a few days ago for advice on investment but he told me that he did not have much money and he wanted to borrow some money from me to invest, I explained the matter very easily without giving him a loan. Tried and he understood. I explained to him that you start investing with the savings you have for now and since you are working in a good organization and from there you are getting good amount of money every month so you invest the rest every month minus your expenses. Apart from investing regularly I also advised him to hold that investment for a longer period and he assured me that he has got a good idea about investing and he can invest easily now.

That is really a good idea which you have given to him. If he was thinking that he will borrow money from you and will invest all the money at first. And if he will face any loss so he will be in double pressure. One he will pressurized by the loss and second from money he borrowed. So you gave him an excellent idea to invest from the savings and invest and hold tight. And whenever he thinks this is the separate money so he should invest. And best investment is Bitcoin that will be better for him.

Many people wrongly believe that they have to start out with big amounts, and so it can take a while to get into a better kind of mindset of adding little by little to an asset that hopefully is mostly moving up, even if it may have up and down moves along the way, and one of the problems with borrowing to invest is getting into the lump sum investment but then becoming somewhat dependent upon the BTC price going up in the short term in order to be able to service the loan. .and ultimately wanting to be able to pay off the total amount at the end of the term with BTC prices being higher than they were at the time that the loan had been taken out... so there could end up being too many preoccupations about the need for short-term BTC price performance.

I actually do not have any problem with adults making decisions to get loans to invest, but it seems that they better have ways to service the loan that are apart from the investment having to perform well during the period of the loan.

Quote from: ultrloa on Today at 10:00:33 AM

Quote from: JayJuanGee on December 15, 2023, 08:10:43 PM

Quote from: Publictalk792 on December 15, 2023, 05:06:20 PM

Become too greediness when investing can be dangerous for them.

When I hear trading. I hear greedy... so yeah greedy can become dangerous.. because a person should strive to be aggressive with his/her investment but not to become overly aggressive.. so if that is what you mean by the dangers of greediness, then I would agree with that perspective.

Some people became greedy its because they think they can ask for more profits from their investment and since there's a good tracks happen recently then they assume that there's a bull run will came that's why they usually fall down and lose their money for wanting for more profits. Scenario like this is normal when trading that's why its good for anyone to avoid taking those wrong decision and always be on point regarding on their investment since nothing will happen to them if they always feel greedy by the time they invest their money on bitcoin. Maybe best for them is to hodl but they need to learn first before doing this since being equipped with proper knowledge is really important before taking any decision either for deciding to hodl for long term or either for short period of time.

I am not really bothered by the idea of greed and even someone getting into bitcoin right away before they study it, and coming into bitcoin merely based on superficial knowledge is also o.k... yet at the same time, if a person comes in with little to no knowledge, then they likely need to start out with a pretty decently small position size while they are figuring out other details of their investment plan.. and sure they might even come into bitcoin and already plan to invest 4-10 years or longer, but if they are investing and learning about it, they are also free to change their mind along the way, yet one of the things with bitcoin, is that the more that a person learns, the more likely he should be wanting to continue with the investment, even if the size of the investment might be small, which might even be something like 1% of his investment portfolio or maybe 1% of his income to start out. .and so it can be difficult to determine how long it could take someone to be able to learn about bitcoin and to make sure that they are getting information from good sources, rather than some of the baloney and misleading information about bitcoin that is out there... so sometimes it can take a long time for someone to come around to figuring out the good information from the not so good information, yet there has always been bad information out there about bitcoin, and even though there is a lot of bad information out there, there is a lot of good information available too.. .. whether we are talking about podcasts or even reading various articles from bitcoin oriented folks (sometimes referred to as bitcoin maxis, but also might be bitcoin-focused or bitcoin informed folks.. and folks who are not overly distracted into various shitcoins, which remains one of the dangers of not being able to figure out how bitcoin is different from various shitcoins).