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.
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.
From my point of view I think it's all about pirate varrying perspectives and how much information we have at our disposal, this definitely influences the way we think about investing in Bitcoin and cryptocurrency generally. A typical example can be sited with looks at the stability and differences with Alt coins and Bitcoin, literally some will tell you investing in Alt coins is a gamble and some will say its the best way to get your returns in multiples as soon as possible but the also do see Bitcoin as the stable one and that which almost never get you loosing your funds to the point of bankruptcy.
In all I will say that investing what you can afford to loose can be seen with the relativity of short-term investment but if you are doing the long game especially with Bitcoin, I don't see that to be necessarily considerably to come in handy because you can be sure to a good extent you are getting some returns by the time you will be needing your funds but if it's s short-term investment, you may have a need of your funds when the market is crashing and it will then feel like you should have invested that which you can afford to loose but if you must follow in with the advice of Michael Saylor, I will strongly recommend you go with Bitcoin and never Altcoins.