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.
The relevance of that saying has always been more eminent in the minds of those that really can’t place Bitcoin, have a defined plans for their investment and mainly wants to invest because they are being motivated to do so either by society, friends and family as a thing. This becomes an immediate guide to ensure you don’t get to regret your future decisions about your Bitcoin investment since, true Bitcoiners are well aware of Bitcoin to be a volatile currency and has seasons to it.
People can look at things differently and say what they want without considering the next or another reason for saying. Invest what you can afford to lose has always been a saying in the community, a relevant one that will help guide our thoughts when investing in Bitcoin without having to suffer at a time when the market becomes unfavorable. The saying helps adjust investors to invest with money outside their expenses that they won't be needing to care for their lifestyle if they should invest, it backens a long term approach for investors who would see their investment go into several bear movement and still not bother to sell because they understood the importance of investing with that amount that might mean nothing much but accumulatively build up to a significant amount.
Bitcoin is not where you lose your investment as long as you don't sell at a lower price. Bitcoin is a volatile asset that all investors should be aware of before buying Bitcoin to hold. Investors who are mindful of this volatility and take advantage are the ones less complaining because they understand perfectly the pros and cons of Bitcoin investment.