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.
It's true that Michael Saylor has a different mindset from most people I still think the original advice has its place not everyone has the same risk tolerance or financial backup as someone like him, for regular investors the idea of only investing what you can afford to lose is more about protecting yourself from emotional and financial stress but yeah his bold move does inspire more confidence in the long term vision of bitcoin.