Quote from: laijsica on Today at 03:32:01 AM

Quote from: Btcdeybodi on February 15, 2025, 10:23:19 PM

Quote from: JayJuanGee on February 15, 2025, 06:52:56 PM

Quote from: Olatundespo on February 15, 2025, 04:52:09 PM

Another important thing is that the investment is largely risk-free and you should invest the amount that you can afford to lose.

This statement from you is confusing.

Bitcoin is not risk free.

The advise about investing an amount that you "can afford to lose" is advice given to show that the investment (including an investment in bitcoin) could go to zero, so when you invest, you are choosing to invest into bitcoin from extra money that you have, and you are aware that you could lose up to 100% of your investment amount.

Still thinking of what could probably make one's investment in bitcoin to experience 100% loss but let me just see it as an impossible imagination even though no investment is 100% guaranteed but i don't think it is fair enough for someone to invest in bitcoin with the understanding that their investment can turn to zero. What i can just say is that while we are investing in bitcoin, we shouldn't only focus on the positive aspect of it when the price is seemingly increasing in value since there are times when the market will also become bloody so that when we experience such situation it won't cause us some distress.

You should prepare for a market hemorrhage as we continue to speculate that Bitcoin price could be dumped. The obvious consideration of depositing Bitcoin would be that you could lose that amount of money and the probability is zero. We like to keep this kind of consideration because in an uncertain market anything can happen. The idea of losing may seem impossible to us, but I believe this plan can entice you to accumulate more Bitcoin. Depositing Bitcoin from discretionary assets and preparing will be such that you justify running a long-term DCA and holding higher for financial freedom. The amount that is left after meeting the daily needs of the family will not be likely to cause you financial loss and from that amount you can build a successful and long-term Bitcoin investment. At the same time having a backup from that fund that is for further expansion in the long term.

When investing, we must be prepared for all possible outcomes. There is nothing in the world that you can be 100% certain about, especially in an uncertain market like Bitcoin, where you cannot predict future results with complete confidence or guarantee a profit. While you can assess probabilities in certain areas, such as the likelihood of long-term gains or the chance of Bitcoin being not stolen, some factors have an equal possibility of both positive and negative outcomes. Considering this uncertainty, you need to plan your investments in a way that you are willing to lose the assets you are investing. After acquiring the necessary qualifications for investment, this can be part of your initial plan.

After fulfilling your daily needs from a prudent income, you must have leftover money that can form an investment fund, which you will never need in the future. This fund should allow you to perform Dollar-Cost Averaging (DCA) on a weekly or monthly basis and prepare a backup fund. The backup fund can be considered an integral part of your investment. Without a backup fund, holding investments in the long term becomes a difficult challenge, especially without an emergency fund. Therefore, it's essential to have a reliable income source, or you could consider having an alternative income source.