Re: Buy Buy Buy or Sell Sell Sell?

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

For you to say using the amount of money that you can afford to lose does not me an that it's gambling but it gives the person the mindset of understanding that he shouldn't use funds for his basic needs or for important purposes but an amount that if he can let go without any problem or it affceting him. This is because bitcoin investment is a long-term investment and any funds use to buy bitcoin should be forgotten about for a very long time. This will enable that new investor not to invest blindly without using his discretionary income. That word also send a message to you that bitcoin investment is not guaranteed for profit but it can also go against you. So that you don't get disappointed or frustrated in the long run if bitcoin price didn't go as you expected. It has many meaning and that's why that word is used often to show risks is involved.