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.
This line is so goated that even after reading it two times I thought he said I invest only what I can afford to lose haha, but your post made me realize I was reading it wrong, I have read it before but it was your post.
This really changes the whole perspective of people because we all had the same mindset that we should only invest in crypto which we afford to lose but if Saylor said I invest with what I can't afford to lose changed a lot, if he have not mistakenly written it wrong. Well there is one big difference and that is we always said invest with what we afford to lose in crypto he said in BTC so I can agree with him that in BTC we can invest our precious money too because it won't go anywhere if not in 2 years then in the next cycle we will be making profit.
There is another explanation to it and that is, he is taking loan on his profits of BTC he bought, so those loan are used to invest again in BTC, and if he lost it, market will surely dump maybe that's why he made that statement and it is a hint for all of us.