The motivation behind this thread is this advice -
Reasons to use only Discretionary Income for Bitcoin investment..
We are all familiar with the advice of investing what you can afford to lose. This advice originated from the early days of bitcoin, bitcoin of the beta state of bitcoin, people were unsure how the bitcoin will perform.
Secondly, bitcoin is a volatile asset and such an advice fits well for all volatile assets. So, the advice was genuine.
But fast forward to today, when we know that bitcoin is not going to make you lose your money, when you are hodling. If we continue to make this advice credible, it will hinder people from investing well in bitcoin, thinking that it is gambling.
So, as long as bitcoin is concerned. I am proposing that the statement be changed to "Invest what you want to invest". Yes, if you have $10k and you want to use $4k for investment, use the 4k. Don't go and invest $50 because it is what you can afford to lose. This is for bitcoin and I hope you guys will understand the angle I am coming from