Over the past seven years on the crypto community, there was this general saying that always got me wondering especially many people that believe Bitcoin is the future of money, unfortunately you come across this phrase, " Invest how much you can afford to lose". I'm not always please hearing this sad saying, however it look like this concept is beginning to change for good.
I am also not pleased with the saying that you should invest what you can afford to lose. Bitcoin is a currency but it is also an asset. You cannot tell someone who wants to buy real estate or gold to invest what he can afford to lose. It is in gambling that people should gamble with what they can afford to lose. All Investments have some level of risk just like Bitcoin. I prefer to say invest what you can live without.
There was a flood in my country, and many people lost their houses and businesses. Someone cannot run with his house to avoid the flood but you can move with your seed phrase. You don't need to worry if you have your seed phrase in another location. So, there is also the risk of losing real estate assets.
Recently, i read on certain news where Michael Saylor stated, " I invested what I can not afford to loose". It simply counters those who were given advice to the prospective investors to invest on how much they can afford to loss. I think that Michael Saylor had rekindled this negative concepts as persived by many crypto enthusiast as a wisdom of crypto investments advice. What do you think? In my opinion, Michael Saylor has made the difference.
Micheal Saylor has the right to express his views. But it is not compulsory that you should adopt or obey. So, I don't think telling people to invest what they can afford to lose is negative. It's just a warning that Bitcoin investment is risky. Hence, they should invest with caution. I cannot afford to lose my Bitcoin investment, but I can live or survive without it.