$33,254.13 1.61%
BTC · 3w

Only invest what you can afford to lose

I want to suggest we replace this suggestion with something like: “Only invest money you don’t plan to spend any time soon” I think this better aligns with the fundamentals of Bitcoin and why people should be investing. Instead of highlighting bitcoin’s volatility it highlights the long-term nature of it. I think the first statement makes people think more of gambling: “Well I’m only betting what I can afford to lose, if it goes up a ton that’s great, if not I just sell out and lose some money. No big deal, it’s only what I can afford to lose.” Only investing money you don’t plan to spend helps shift the narrative from Lambos to sound economics and saving.
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