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Quote from: Stable090 on August 24, 2025, 08:13:20 PM

Quote from: Lembo69 on August 24, 2025, 07:26:34 PM

You should not invest in Bitcoin any money that is allocated for your daily expenses. Invest money from your considered income. Or any money that you will not need in the next 10 years. Or if you have money that you want to keep in the bank, invest that money in Bitcoin. Or if you do not have such money, then keep investing in the DCA strategy with small amounts of money and increase your portfolio. And start investing for the long term.

If you decide to invest the amount which you going to be using for your daily expenses on bitcoin, then you not really ready to start your bitcoin investment journey, because whenever you are in need of money, you will have to go back to your wallet, and sell the bitcoin which you invested in, so to me it’s completely wrong to invest any amount which you know is going to be useful within a short period of time.

Some people don’t really know how bitcoin investment works before investing in bitcoin, immediately they hear about bitcoin, they just want to rush into it, they are just after the amount which they will earn, and they don’t always care to do research before they invest in bitcoin. If you are making investment with the amount which you will be using for your daily needs, then you should know that your investment is only going to be for short term, and you might likely not going to be in profit during that period.

Those who invest their daily expenses in Bitcoin are not real investors; they are newbies who don't understand anything about Bitcoin. Bitcoin is not only about having money; Bitcoin deals with how smart you are to plan your Bitcoin journey in order to succeed without having any problems in the process. Some people intentionally use their daily expenses to buy Bitcoin just because they want to have a large profit at the end, and some people did that because when the price drop and want to use the opportunity to buy Bitcoin, We invest our daily expenses in Bitcoin regardless of how our eyes are drawn to it whenever we need money, which will undoubtedly affect our Bitcoin journey. It is not advisable to use the amount used for daily expenses to invest in Bitcoin, and it is also not required that you buy Bitcoin at one time; you can buy Bitcoin whenever you have the money to invest without worrying about your expenses.

Newbies are ignorant and sometimes barely know the right things to do concerning Bitcoin investment, i said that because it's only ignorance that would make people who call themselves investors use funds outside their discretionary funds to invest on Bitcoin, they might think it's for a good course but on the long run they'll still have to temper with their portfolio since they'll still need to settle daily needs.

Honestly speaking, investing in Bitcoin with Money outside your discretionary income is pure gambling because since it's a money they are going to need anytime soon, they are bound to temper or sell off their holdings prematurely just to address what the money was made for, so ignorance is a terrible thing that makes most newbies investors to struggle with their investment, mostly because they are not even aware that investment in Bitcoin should only be done with your discretionary income not money meant for some other basic needs, that's pure gambling if am asked what is that.