Post
Topic
Board Beginners & Help
Re: Reasons to use only Discretionary Income for Bitcoin investment.
by
collecttmaster
on 23/08/2025, 20:21:10 UTC
No one loves to lose money.  Don't tell me to invest what I can afford to lose; tell me things I should do to avoid losing that money or even minimise the risks of losing that money.
If you are not losing a lot of money, you are most certainly not making a lot of money and will never be rich. This is the irony that the person with a poor mindset does not understand. Most humans on the planet have a poor person's mindset.

Losing money is good as long as you are earning even more money. Learn that and stop with this childish fear of losing money.
I do not actually understand the perceptive you are coming from. You mean losing money is a sign of being a wealthy man or a sign of having a big money.
I thought that being very judicious and not lose money is a good way to be rich but I am just hearing a different thing altogether this night.
So, it will be fine to say that we should learn how to lose money in order to be rich.
You are mistaken in your understanding because you probably read information written by other poor or middle class people, who are also poor. Most humans are afraid of losing money, like children who don't want to lose their favorite toys. This is why they don't invest and when they invest, they panic and make bad mistakes all the time.

A person who is good with money, does not fear losing it. They have no emotional attachment to money, but they always want more. They take more risks, better risks. They hold investments longer even through massive losses. They do not care. That is the right approach towards money. Remember the key different that I wrote, it is good to lose money only if you are earning even more money. Lose $1000 today, make $2000 tomorrow. If it was not for this difference, gamblers and other idiots who ruin their lives would think they are being smart with their money.  Grin