Quote from: Ambatman on Today at 08:01:21 AM

Quote from: As-Soon-As on Today at 07:44:10 AM

Quote from: Ambatman on September 15, 2024, 09:43:01 PM

Instead of wasting money to buy 5 vodka
Buy 2 and get yourself a Bitcoin
Instead of satisfying all your cravings
Satisfy some and get yourself a Bitcoin.
When calculating expenses after salary or a wage add Bitcoin.
In essence invest from spare cash
That won't affect your standard of living or financial standing much.
Let it be among your financial plan for the month.
We should be careful with assets we use as Collateral.

I couldn't agree with the way you said it, because if a person has cash they can buy bitcoins. But how can a person invest if he doesn't have cash?

I can't really get what you mean but what am trying to insinuate is
Invest with spare cash i.e amount of money you can do without
It helps in DCAing without getting anxious every time.

You can still invest part of your important capital into bitcoin and will not be taking too much risk provided you are not eager to sell. When we limit investment in bitcoin to money we can afford to do without, it makes it look like some kind of gambling that is filled with so much risk that once the funds are put into it, it will be lost. Bitcoin might have its risky part but the risk is not as high as most of you make it look, like we are into some kind of gambling when we already know that holding just longer over some years makes the risk reduced.

I know people gainfully employed and are putting as much as 30% of their income into bitcoin and are holding thousands of dollars in bitcoin. The never started with the mindset that they want to lose such money rather they have the positive mindset that such money will become their leverage upon retirement, to enable them maintain their current lifestyle and even have something to give to their children and loved once. Investment in bitcoin is something serious that we should be intentional about because it can save the investor in the future.