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.
Agreed.
Saylor can say many things, and do even more than some would imagine - whereas common retailers are not in the same position as him.
Still, he is projecting his views and optimism of BTC towards the broader masses - and that brings some results too.
There is a saying that goes, if you want to earn more than you ever have, you need to start doing things you have never done before. The boldest are the ones who take the cream, because they dare to take steps others avoid. When you risk more than you can afford to lose, your actions become much more deliberate, as you truly understand the weight of your decisions. However, it is always important to remember that the risk may not pay off financially. That is why having a well thought out exit strategy is essential in case things do not go as planned. I think Michael Saylor is unlikely to go all in. He still has a backup plan too.