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I totally agree with you and I think some people do misunderstood this invest with what you can afford to let go or lose, investing with what you can afford to let go doesn't necessarily mean one should invest with a little amount of money, the amount can be big but based on your capacity you can afford to let it go. We should invest in line with our capacity and that which we can afford to lose doesn't necessarily mean small because there are people who still doesn't understand the meaning of that statement and they are making mistake with in there investment ( investing little even when they can invest with more than the amount they are using and still be okay).
Invest no more than you can afford to lose does have a psychological component to it, so in some sense the investment should not go beyond your discretionary income, but it also should not go beyond what you would be willing to lose... so the amount has to be truly extra money that you are willing to commit to the investment, and sure there is a balance that you are wanting your investment into bitcoin to be profitable, but you are also balancing the amount with a realization that you could en up losing your investment into bitcoin since it is not guaranteed to NOT lose..
So far, a lot of folks have chosen not to invest into bitcoin, yet those who have chosen to invest into bitcoin are doing quite well relative to the ones who chose not to invest into bitcoin.
Yes this is so true, investing has a huge impact on people psychologically, more especially as a bitcoin investor or someone who wish to venture into bitcoin investments. Psychologically In the sense that it is related to your mental and emotional state as a person and that’s why it’s always advisable as an investor for you to invest in not more than you can afford to lose, and the best way you can be able to do that is by investing with your discretionary income. It’s advisable to invest with your discretionary income because in this situation you have already taken care of your other expenses and financial obligations, which includes payments of your bills and other utilities, after meeting up with your financial obligations, the amount of money left with you is regarded as your discretionary income and you can comfortably use it to invest in your bitcoin and accumulate consistently without worrying about anything.
You make bitcoin investment seem hard , but you are right about investing with your discretionary income . But bitcoin does not affect one psychology like way you sound ( only trading does), if one approach bitcoin investment with the right principles he or she will be able to pull it off without much stress . Is only if one is does not truly understand or know anything about bitcoin that’s only when he or she will be stress out due to market conditions and all that.
Because bitcoin cannot keep going up just like that , it will always experience some dip , even recently. So those that don’t understand how it work they will only keep panicking think it may continue to go down and stuff, which wrong , for accumulating bitcoin no is pressuring anyone stick to your budget accumulate as much as you can using your discretionary income.