That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.
So in as much as we have faith in Bitcoin due to it huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.
There are many reasons why we advise investing what we can afford to lose. One of them is that if you lose that money somehow, your life will not be ruined or your life will not be negatively affected. Because nothing is certain.
Another reason is not to worry too much about investments and not to panic in a bear market or not to get too excited during market volatility. Another reason is to leave it for the long term, which is only possible with unnecessary money or money that you can afford to lose.
Suppose you are investing with money that you are not willing to lose or necessary money. Then will you be able to keep yourself calm during market volatility? Will you be able to stay fearless in a bear market? Or will you be able to keep that money in investment for the long term? I will not say that these are impossible at all. But it is very difficult. When you are not ready to lose the money you have invested, it is very difficult for you to be fearless in a bear market, keep yourself calm during volatility and sustain your investment for the long term. So always invest money that is unnecessary and that you are ready to lose.
TBH, the truth is, people usually underestimate how much emotions play a role in investing, especially in Bitcoin generally….. The whole idea of invest only what you can afford to lose is not just some overused word or something.. It is actually a solid advice in how most people behave when the market goes crazy.
Kk let us be real, if anyone throw your rent money or your school fees into a Bitcoin investment thinking it will moon next week or sooner, sorry to say you are automatically setting yourself up to panic at every little dip. You would not sleep well. You will be glued to Bitcoin every hours of the day 24/7… And once the price starts dumping a little which it always does at some point, you will most likely sell at a loss just to feel safe again... The truth is that is not investing, that is gambling with ur peace of mind..
But when you are using discretionary income, the money left after handling all your basic needs and responsibilities, everything will change.. You are not emotionally attached, and you are more likely to stick to your DCA strategy even when things get bad….
Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.
Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor. It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.
It should be known by everyone that, despite the long-term holding, profits in Bitcoin are not fully guaranteed. With that point, I believe people will not be as greedy and invest outside their discretionary income. As far as someone is using their discretionary income to accumulate Bitcoin from time to time, they will not have any problems with Bitcoin investment, and they will not regret it. Even if it takes a few years for such person never seen profit from it Bitcoin investment,despite the fact that Bitcoin profits are not guaranteed, it is still seen as one of the best investments based on the growth Bitcoin has experienced in recent years.
Yes you are right concerning the fact that there’s no guarantee that bitcoin will continue to go down or up too . But base on past performance bitcoin has proven to be among the best investments so far , which as even made some folk to regret not taken action earlier.
Yeah man, exactly. You are right that there is no guarantee Bitcoin is just gonna keep going up or even down for that matter…. It always does what it wants.. But let’s be honest, when you look at how it has moved over the years, it is hard to ignore how well it has done compared to pretty much everything else out there…
That is why a lot of people who saw it early and but did not act are always stuck with that “damn, I should’ve bought” feeling…. And it happens every time, people wait for some perfect dip, or they are scared to get in, and then boom… price takes off again and they are back wishing they did something sooner.
The thing is, no one is saying it’s guaranteed to keep pumping forever. But based on the past, Bitcoin has already proven itself. So instead of just watching from the sidelines, it is better to just take small steps and be in the game, even if it is just with a little amount you are cool losing... At least that way, you are not stuck in that regret when the next big move happens….