Post
Topic
Board Nigeria (Naija)
Re: Invest what you can afford not what you can afford to lose:
by
Judith87403
on 24/06/2024, 22:50:03 UTC
1. Investing what you can afford: this means that you're buying an amount of Bitcoin or any other asset of your choice that fits your level of wealth. It could be that if you're earning 200k for instance,  the amount of Bitcoin you can afford to buy at every pay period could be 50k while the remaining 150k can serve your other needs. It's not as though you're throwing the 50k away but that you're setting 50k out such that if you continue doing that for months you should have an investment somewhere either in Bitcoin or another asset of your choice
This is a good advice to everyone here both the newbies and those that are in high rank, because the issue of invest the amount of money that a person can afford to lose affect most of people's since they will be thinking that if they invest with small amount of money the profits will be less, and that's why some will choose to invest the big amount of money where by they know fits afford it. Those that are supposed enjoy the investment are the those that are receiving salary month, like example if a person is earning 80k per month he can divide it into two ones part can go for invest and the remaining part can go for the other things.
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A typical example of investing with what we can afford is;
1. Investing in Bitcoin
2. Investing into tangible assets like building
3. Investing into a business etc.
Invest in Bitcoin is the best ideal because anyone that invest in Bitcoin will know lose much amount of money accept the person the didn't have experience about the Bitcoin investment, before i should advice anyone to invest in coins how rather advice him to first introduce himself in Bitcoin; Actually is not only in bitcoin investment someone can only invest there are several of things that invest a person make an investment on them in future it will turn out a good outcome.

You're right investing in bitcoin is the best idea more especially for those who are still new in this crypto space, because the chance of losing your money in bitcoin investment is very low, that's if you  really understand how bitcoin investment works. that is why as a new investor is always advisable to start from bitcoin investment because the risk in bitcoin investment is very low compared to the risk in other crypto investment like meme and altcoin Investment, and also bitcoin investment doesn't require enough knowledge like other crypto investment, what really matters is how patient you're to be able to HODL  your bitcoin for long term investment.