Quote from: Yucky on Today at 08:37:03 AM

Quote from: avp2306 on September 01, 2024, 10:37:58 PM

Quote from: Mr.right85 on September 01, 2024, 10:35:08 AM

Quote from: JayJuanGee on September 01, 2024, 06:51:13 AM

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses. Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin. Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

They need to settle up their expectation towards their investment since everything has a risk that's why its always good to think about in more realistic way that bitcoin is not a quick rich scheme where they can always get rich in future. There's always consequences so if people doesn't want to lose their money since that amount they put is the one they can't afford to lose then as stated don't invest with bitcoin since somehow it doesn't offer any sure profit to the investor. What we only have here is the historical data that all holders is gaining and the technology and adaption of bitcoin is growing. So if we are lucky to get huge earnings in future then this is really great for us but if not since there's something bad happen with bitcoin then it still fine that is part of the challenge in life that's why use only the amount you can afford to lose since this thinking could provably help us to condition our mind towards many possibilities that might happen.

investing in Bitcoin might not be 100% risk free but it's still one of the least risky investment choice that's at least still relevant till tomorrow.

Fine, it's good to tailor down how we invest such that we are also putting into consideration a possible worse-case scenario while investing which is the main reason why we invest what we can afford to loose but even at that, being too conscious of your potential loss will only serve to hinder you from making the best investment choice and will prevent you from using an amount that's moderate enough to give you good returns from your investment.

Historical data is relevant while making any futuristic projections and we've relied partly on it for most of our speculation but apart from that, the need Bitcoin stands in the gap to solve, the increasing rate of adoption, the prospective numbers of intending adoptors and and the decentralized technology that backs Bitcoin up is one of the core reasons it's still right to keep buying Bitcoin without a sense of serious fear that Bitcoin will dump and never rise again all of a sudden.

Sitting on #1 does already imply that it is really that the main coin that being trusted by the community on which it would really be just that common sense that you would really be that having also that kind of confidence towards it. Therefore, if you do really want to stick into something solid project then sticking with Bitcoin would really be your best option. It would really be just differ whether you would really be that going for long term or short term trades with it, on which we know that it will really be that a different story on the time or moment that you do have that kind of of engagement towards this crypto space.
Buying and Selling will really be that totally be basing up into your own experience and knowledge towards this market. The more experienced you are the more knowledgeable you are
on the actions that you do take on.

Sell on profits and buy out whenever it do make out some correction. Majority of people do really mentioned out this very basic concept of trading but on the time or moment that you are already in the field then this is where it would really be changing up. There's no way that you could easily be able to tell on where it would be heading. So further actions will really be just that basing on how well you do make out
such decisions basing up into your own knowledge and experience.