Quote from: JayJuanGee on Today at 07:22:28 AM

Quote from: SuperBitMan on Today at 06:28:37 AM

Quote from: JayJuanGee on October 16, 2024, 11:30:23 PM

Quote from: SuperBitMan on October 16, 2024, 10:33:05 PM

Quote from: Onyeeze on October 16, 2024, 03:19:22 PM

Quote from: Mayor of ogba on October 16, 2024, 12:20:29 PM

Quote from: Pi-network314159 on October 13, 2024, 10:57:01 AM

If this proces is reapeted using $100 in replacement of $10 weekly as regard to fuck you status, the approximately $2500 will be $25000. Now obviously your success depends on your level of accumulation. Meaning the profit increase has not been added yet, if the profit should be added, it could amount to a Total of $30k or $35k

As far as bitcoin investment is concerned, every investor should invest in bitcoin according to how much their discretionary funds can allow them to invest in bitcoin. Even though we are investing in bitcoin, we ought to go on vacation, enjoy life, and learn about other people's way of life. Investors should not invest in bitcoin in a way that they will find it difficult to solve their daily expenses. If $10 is what he can afford to invest in bitcoin every week, encourage him to do better and don't condemn his effort in trying to be among those people who will hold bitcoin, and remember the goal of every investor accumulating bitcoin for long-term is to accumulate the quantity of bitcoin they want to hold no matter how many years it takes them to achieve it. As time goes on, he can work on his income so that there will be a good income flow at the end of every week or month, which will allow him to increase his weekly bitcoin accumulation money.

I was expecting you to say that every investor that is investing in Bitcoin to have a limitation of what the invest so that when the market is against there will not feel disappointed and they will not feel depressed because as a new someone for cryptocurrency investment mostly in Bitcoin you have to know that the risk which is involved in Bitcoin is much and they have to understand that Bitcoin have two things neither you make a profit for the investment or you lose for the investment this things are the major things that is involved in cryptocurrency investment so someone who is investing in Bitcoin so invest for what it can afford to lose not invest what it cannot afford to lose that should be the advice to anyone who is a beginner to bitcoin investment

from the way you are sounding I don't think you are talking about Bitcoin, this statement of investing what one can afford to lose is not for Bitcoin, this statement is used for shitcoins and traders, as a long time Bitcoin investor just don't be in a hurry to sell off your bitcoin and you won't have anything to worry.
And I disagree with you for saying the risk in Bitcoin is much the only thing that can make you lose your money in Bitcoin is if Bitcoin dips and never rise again and for now Bitcoin is still growing and has not reached half of it's growth limit, the other thing if he you are afraid or in a hurry and you sell when there's a dip, there's risk in Bitcoin but is not much.
If you hold your Bitcoin for a very long time you won't be in much risk and that is what it's always advised to hold your Bitcoin for long term.

Whether a person is investing into bitcoin, or buying shitcoins or gambling, they should be using discretionary income.. which is the money that is remaining after expenses are taken care of.... Also they are using money that they are not going to need for 4-10 years or longer.. which also should account for the possibility that the investment could end up going to zero... so the expression about not investing any more than you can afford to lose refers to not needing the money for expenses in the coming years and also in the coming 4-10 years or more.. and also realizing that it is possible to completely lose your money.. so you have to NOT be so emotionally attached with a belief that you are guaranteed to get the money back, which you are not guaranteed to get the money back, even if you invested into bitcoin, the best investment currently broadly available to anyone in the world.

Sir JayJuanGee are you saying one's discretionary income can be said to be a money he can afford to lose,

I am saying that you invest or trade and even engage in a variety of optional expenses through the use of your discretionary income, and some people choose to invest and others choose to buy experiences.. such as buying an ice cream cone that you don't necessary need to live but if you buy it and eat it, you are not getting that money back, ever. When you invest, you may or may not get the money back, and yeah, you should be investing with the idea that the odds of you getting money back in the future are greater than losing it.. or that the value of investing one ice cream cone today will be worth more ice cream cones in the future... but you are not guaranteed.. .so you are willing to put money in that you might never see again, since you could have had bought an icec ream cone today with it, but you decided to take your chances, and hopefully your odds are good, even though they are not guaranteed... and yeah you are likely better to put your money into bitcoin rather than shitcoins and maybe even better than any other investment that is available, but even if you pick the best investment available, such as bitcoin, the return is not guaranteed, including you might get nothing back, or you might get half an ice cream cone in the future or you might get the value of 1,000 ice cream cones.. you cannot really know even wile you are trying to be selective about how you invest and what you invest into.. You think that bitcoin is guaranteed to be profitable, merely because you are choosing a longer timeline, such as greater than 10 years? I think you are wrong in regards to having a mindset of guaranteed price returns, but you can believe whatever you like. and live in a fantasy.. that is your choice... or maybe you are just framing the matter with too much imprecision, even though it still boils down to you having wrong ideas about bitcoin being guaranteed.. When it comes to the future, almost nothing is guaranteed in life except death, perhaps..

Quote from: SuperBitMan on Today at 06:28:37 AM

for me I think if we input this investing what we can avoid to lose idea into Bitcoin investment then we are just putting Bitcoin and shitcoins in the same league of investments we should not take seriously because one is not sure what will happen.

Well, you seem to be thinking wrong about the whole matter. The mere fact that you can lose money with an investment does not either turn the investment into a shitcoin or to cause all investments to be equal.

There are all kinds of investments and some are better than others, but that still does not mean that any of them are guaranteed, even if some have way better fundamentals..

Also, even in the ballpark of shitcoins, some of them are shittier than others... but who cares, we do not need to talk about which shitcoins are less shitty, even though they are not all equal and even though many of us may well have decided not to invest any time, money or energy into shitcoins.

There are nuances in life. Everything is not black and white, and also the strength of investment theses change and even individual circumstances change, even though some aspects of a person's individual circumstances might be stable for a period of time, individual circumstances are also a moving target.

You know that strength of bitcoin's investment thesis as compared with other possible places to put your money is also only one factor to consider out of the nine factors, and at the same time, it is not locked into one assessment that is locked in forever, even if it might be a pretty stable factor.

Quote from: SuperBitMan on Today at 06:28:37 AM

There are people that invest in Bitcoin using lump sum strategy and some people use money inherited from there parent or family member to invest can we also say this money is money one can afford to lose and there are people that becomes aggressive in there Bitcoin investment in one point or the other can we also say that money is money we can afford to lose.

Well you better be careful if you believe that there are guarantees in any of your investments, whether bitcoin or otherwise... and it seems way better to be using money that you can afford to lose, and if you are not confident enough in your investment, then you better figure out your investment size just in case you are putting too much confidence in your belief that bitcoin is guaranteed.

Quote from: SuperBitMan on Today at 06:28:37 AM

Sir I think using one's discretionary income to invest in Bitcoin is totally different when we use what we can afford to lose to invest in Bitcoin or shitcoins.

We can agree to disagree. With the inheritance can you choose how you are going to spend it? or are there specific restrictions? Perhaps there is an expectation that you are responsible with the inheritance money and that you try to grow it or you at least try to maintain it... so if you screw up, then who is to blame? You going to blame bitcoin? You are the one with the choice about where to put it and how much to put into which places.

If you are investing with other people's money then you likely need to be even more careful and perhaps get consent from them... but sure, sometimes people are going to trust the judgement of someone else to invest for them, and if you are one of those people then you have a lot of responsibility to be a good fiduciary.

Quote from: SuperBitMan on Today at 06:28:37 AM

Using that word " invest what you can afford to lose" in Bitcoin sounds like I'm investing in shitcoins or gambling, that word is not a Bitcoin kind of word and that is just my point.

It seems to me that you are probably wrong.. but whatever, we can agree to disagree and you can go on and believe that your bitcoin investment is guaranteed. That is your choice how you want to frame your perspective, yet if you come into threads and you suggest that a different mindset is needed, then you are likely misleading people with faulty framing, even though you seem to want to frame matters that way for yourself.

Let me put it this way, within your discretionary income you have a choice about how to spend the money, yet you still might choose not to put all of your discretionary income into bitcoin, and you might choose how much you are going to put into bitcoin and how much you want to use to buy some ice cream or any other things that you might want to buy currently, invest into or even trade shitcoins with some or all of it. When you choose to put some or all of your discretionary income into bitcoin you are not guaranteed to get it back, even though you surely have better odds of getting some of it back as compared with that ice cream that you just ate.. so the part you put into the ice cream, you know that you are never getting that back, and when you invest or trade there are various probabilities that you could get it back or you might not.. and some of the choices are better than others. but you are putting yourself into a pretty vulnerable (and maybe with overly high expectations) if you are using money that you cannot afford to lose in the event that your investment does not go well...and yeah, probably you want to invest into bitcoin and take a lot of precautions to guard your investment to make sure that you are not at fault to lose the keys... so there can be a lot of considerations in regards to what to invest into and what kinds of safeguards to take when you are making investments.. and even some people believe that with shitcoins they are going to make more money than they lose, too... and some people have a lot of sophisticated practices around trading and/or gambling and think that they are spending their money in a way that is likely to bring them good returns.. and some people are delusional in various ways about the various scenarios in regards to how they choose to use various parts of their discretionary income.

Thank you so much JayJuanGee, your explanation is educative I understand much more better now and this is one reason I love this forum and thread like this, one just need to open his or her mind to scrutinize and accept other people's meaningful teaching.
You are really doing a good job in educating forum members here keep up the good work sir.
Now I understand more about investing what one can afford to lose your explanation will help a lot of people in this forum in investing in the right way to avoid regret later in future.