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.

Using the words money you can do away with for a period of time will be more suitable for Bitcoin investment instead of saying money you can loss because with the trend over the years it has been in a form of a higher projectile motion where it only goes higher and higher in price. Though there are fluctuations at times in the price that would make investors panic but it is certain that overtime the price will only go higher. Investors should therefore have a fixed mindset towards having good returns and make Long term investment because it will sure give good returns with time.

Yes Bitcoin has been going higher and higher but using projectile motion to describe it is not correct because in projectile motion once the force that is making an object to move is been exhausted the object will definitely fall or drop to the original point before it was displaced and that is unlike Bitcoin, Bitcoin doesn't go up and drop or fall finally to it initial state and again in projectile motion there is little or no fluctuation of the object but in Bitcoin there's a whole lots of fluctuation. What is the difference between money you can do away with for a period of time and money you can afford to loss? In fact, you saying a money you can do away with for a period of time means you will still need the money after that period of time which to me doesn't make sense but when you invest with what you can afford to loss you won't care about it again whether there is loss or gain though the idea is to make profit in years coming.