Quote from: SOKO-DEKE on Today at 07:54:33 PM

Quote from: Silikiem on Today at 01:33:44 PM

Quote from: JayJuanGee on Today at 03:50:59 AM

Quote from: sotelorene on May 29, 2025, 07:21:41 PM

Quote from: Stormisover on May 29, 2025, 03:27:44 PM

[edited out]

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.

As far as someone is using his or her discretionary income to invest in Bitcoin, I don't expect such a person to face any challenges like that. Most people are always worried about their Bitcoin investment because they are always planning for the kind of profits they will make at a particular time, and that is not the right way to invest in Bitcoin. If not, any time the price drops, someone will be so disturbed.The truth is that investment in Bitcoin is not that hard as far as someone follow the right step. All someone needs is just the mindset to accumulate a certain amount of Bitcoin and be ready not to sell it any time soon.

Investing with one's discretionary is quite okay and advisable but investing with one's discretionary doesn't mean there won't be challenge, definitely there would be a challenge(s) ( unforseen circumstances) that is why we also have back up and emergency funds to always take care of those challenges when it arise. Investing with one's discretionary will help the person not to do mistake by touching the money they are not suppose to..., using discretionary funds help an investor stay safe that is to say that one's discretionary is like a boundary an investor should not cross ( only use what is in your discretionary).

Yea, I think I will agree with you on this, buying Bitcoin is not actually hard but what is hard is, getting a good source of income, knowing the right amount to use, investing consistently and holding for a long time that is not always easy most people find it difficult but those who are determined can do it.