Topic: 4 investment strategies to make Bitcoin less stressful (Read 621 times)
What i have learnt in few years that never put all your investment in one coin be it BTC or any other, divide your investment into couple of coins and USDT as well to not get hit by dump.
OP forgot the golden rule, never keep your coins on an exchange.
Always remember, not your keys, not your Bitcoin!
That isn't actually a golden rule because it's almost impossible for traders not to keep their coins on exchanges. How do you trade if you don't do that? Those who advocate not keeping one's coins on exchanges are either not being truthful to reality on ground or don't simply understand how trading works. BTW, how do you save your hodlings from dwindling during a crash if you've them on a private wallet, since you can't tether them on private wallet. How do you do that?Always remember, not your keys, not your Bitcoin!
I think the golden rule should be — Not your keys, not your Bitcoin!
You forgot to mention that we should use licensed crypto platforms with a good reputation-Binance, Kraken, Trust, Ownr, Exodus, etc. This also helps to reduce the level of stress.
if your obsessed checking your wallet every minute you doing it wrong because thats not what investing all about . why not become a trader because you have time checking the price ? and checking the price doesnt need to be in the wallet all the time but theres an app for that or you can do it online via your bookmarks to save time and make it less stressful . we get stress when we dont have a money and borrowing money can be a reflief but make sure you can pay it buy borrowing amounts in your range . trading different alts will make you more stressful .
That's right! But I just thinking to invest in crypto part of my salary and divided it on different digital currency like bitcoin and other altcoins with potential to give me profit. Investing is risky no matter what the situation of the market but if you want to earn profit, you should take the risk.
You can do that easily, and you can invest in any coins you want. The investing will work if you can buy at a low price and hold it for some time, so you need to have a target time to sell your investment and take profit. Yes, investing will have a risk, but you will be okay as long as you can know how to manage the risk. Investing in crypto will need more attention as the market will always change day by day. 
Few ways to remove your emotion from investment
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
I feel like you agree with the advice you give, the fact is that we often experience depression, well maybe this is a natural feeling to see the assets in the portfolio decline. fair thing, so for your advice, it's been pretty well received. we must still be able to control our emotions as best as possible.
That's right! But I just thinking to invest in crypto part of my salary and divided it on different digital currency like bitcoin and other altcoins with potential to give me profit. Investing is risky no matter what the situation of the market but if you want to earn profit, you should take the risk.
Yes it is very risky in investing but as long as you want to learn something you would do anything, but take note that not all your trades will have a gain , it will depend on the market situation, and as we all know it is very volatile so there's a possibility that you will experiences losses as well. My only advice is that when you feel stressed, you don't need to look at your crypto wallets all the time because it not going anywhere, just take a break and cool your head off because a stressful mind will just make things worse. Regarding your list, I have nothing to say to them because that is what you really supposed to do in order to avoid unnecessary circumstances but I have a little bit of concern about the 3rd one. Yes diversifying your stash will add more security to your funds but bear in mind that you should be careful in choosing alts as they are more volatile compared to bitcoin, thus this will be more stressful to handle.
Checking your trade is normal but when you do it will only make you anxious every time and it will affect your emotion and it might cause to cut loss even it is not the right time. We've been in a bull run but investing in crypto isn't that easy,it can be damn stressful..most of us are usually obsessed I.e, checking our crypto wallets every half an hour if not minutes
Few ways to remove your emotion from investment
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
My only advice is that when you feel stressed, you don't need to look at your crypto wallets all the time because it not going anywhere, just take a break and cool your head off because a stressful mind will just make things worse. Regarding your list, I have nothing to say to them because that is what you really supposed to do in order to avoid unnecessary circumstances but I have a little bit of concern about the 3rd one. Yes diversifying your stash will add more security to your funds but bear in mind that you should be careful in choosing alts as they are more volatile compared to bitcoin, thus this will be more stressful to handle. Few ways to remove your emotion from investment
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
*Don't borrow to buy btc
Well this depends on the situation.
Sometimes when you find yourself having no enough money at some point where Btc price had a dip and is suitable to buy, then I guess it's safe to say that you're in the right track of borrowing money to maximize the opportunity of having a greater profit during the bull season.
The most accurate advice when investing into something is to know and gather enough knowledge on what you're investing into.
We've been in a bull run but investing in crypto isn't that easy,it can be damn stressful..most of us are usually obsessed I.e, checking our crypto wallets every half an hour if not minutes
Few ways to remove your emotion from investment
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
Thank you so much dear.You give very good suggestion for new trader just want to add one point.look before you life.don't cry after invest where you invest. just take a fund for if price low then you can recover your fund reinvest.so any one can recover his fund. Few ways to remove your emotion from investment
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
Perhaps, you're right. Sometimes we got into temptation because our friends are investing in Bitcoin, borrowing money just to show that we can afford it also, but after all, we all got a compromise and put blame saying Bitcoin is a scam, stressful. And If we wanted to have a free stressful life, then forget about investing in crypto. Maybe investing in the local stock market will feel better.
But if we are digging into the reality of investment, it is really a headache if we don't know what we are doing. If we are not fun doing this, then it means that we are not fit for this field. Besides, we can make another way of living, outside investing.
But if we are digging into the reality of investment, it is really a headache if we don't know what we are doing. If we are not fun doing this, then it means that we are not fit for this field. Besides, we can make another way of living, outside investing.
*Never invest into Bitcoin more than you can afford to lose
*Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
The first, second, and fourth are not a strategy but more of an overall general tip on what you shouldn't do when you are investing, strategies should involve a system of something to create a perfect flow, in this case, only the third one is a strategy. That is just my insight on the list, they are a good thing to follow because they are right but they are not necessarily all strategies in my book. *Don't borrow to buy btc
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
My choice/strategy to invest on bitcoin.
1. Every month/week spend a small amount regularly as investment on bitcoin. This will get you bitcoin at an average price at the end.
2. Once after investing, don't leave it idle. Take small risks, learn trading and try to make atleast a little more out of the invested amount.
3. Never set a target/expect return at specific time period. Prepare yourself to withdraw when the market seems to be at the peak.
4. Always try to be secure and stand away from the scammers. Have your holdings securely and for trading/investment needs use trusted platforms.
1. Every month/week spend a small amount regularly as investment on bitcoin. This will get you bitcoin at an average price at the end.
2. Once after investing, don't leave it idle. Take small risks, learn trading and try to make atleast a little more out of the invested amount.
3. Never set a target/expect return at specific time period. Prepare yourself to withdraw when the market seems to be at the peak.
4. Always try to be secure and stand away from the scammers. Have your holdings securely and for trading/investment needs use trusted platforms.
Don't always check the price if it's too stressful. That's another reason why an investor gets emotional whenever he's looking at the price if it's not taking the path of his goal.
Set your goals for the long term and don't think that in just the short term everything will happen if you're wanting it to the price to the extent of being high.
Well, considering that this is a part of good advice. Dont check the market daily if you don't want to get frustrated with your investment. Set your goals for the long term and don't think that in just the short term everything will happen if you're wanting it to the price to the extent of being high.
Much better if you have a mindset of forgot for while and store your bitcoin in a safe place altogether with the keys of your wallet. Because if you want to gain profit in bitcoin it must be a long-term investment, not a short one.
However, another factor that we should avoid is that never borrow money that you invest in bitcoin, it perhaps turns to a double sword when you have a loss. Just invest in what you can afford, not your entire one-month budget.
One thing I did in the past which clearly worked for me but was very hard to keep in check for is DCA (Dollar Cost Averaging). This strat literally helps you do all the things that you want in your investment journey, but you would need to follow and study the market religiously to make the most out of the strat. Nevertheless at a major point in my investment journey it made the stress bearable considering I gain huge amounts, but now that bitcoin is at a safe spot, I just hodl and buy some coins, that's it.
I think this one can be apply on Futures right? I don't know if this is applicable to Spot. I don't recommend DCA for beginners, there will be a chance that they will make a DCA instead of analyzing charts and keeps on doing that believe their loss will be minimize which is yes that's true but will the trend and the pattern along with the TA says that your coin will be ahead in your expected TP? if yes then it's good, dca is good to minimize losses only if you know that the possibility that it is just a correction is high. legendary
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Quote from: Foxy1
*Vary from btc into alt coins
*Buy and trade btc in a trusted and legit platform i.e, binance..
*Buy and trade btc in a trusted and legit platform i.e, binance..
Well, all you said are just random advices that anyone that's interested in the industry show get familiarize with. The quoted statement above is quite deceiving especially that of investing in altcoins. You stand a chance of losing if you're not smart or informed. The altcoins market is more volatile and can easily be manipulated than the bitcoin market so of your idea behind investing in altcoins is to diversify than you're doing it all wrong.
Stick to bitcoin and you won't regret that, the altcoins will come and go therefore, instead of putting altcoins over bitcoin, you can engage in trading altcoins inorder to secured more satoshi. You can seize the opportunity that the altcoins market presents but do note, it might not last forever.
Be very cautious of reputed exchange as they have different mediums to hold onto your coin on their platform with you been onboard. Binance for exchange has the staking, farming lending etc features that all has to do with you storing your coins on their platform. Do patronize them but don't make them your wallet.
Here's another one: study human behaviour and realise that looking so often at your portfolio does not only mess with your mental state, but with your productivity as well. Not even talking about eyes haha
PRO TIP: Can use price alarms if you're anxious about your portfolio, but again you should not be afraid that you're going to lose your money. Know your risk tolerance and allocate your net worth accordingly.
This is a good tip, one of the things with bitcoin is that it has a way to surprises all which is why a lot of people try to watch the market almost obsessively to try to get in the market as soon as it is making a movement up, however this is a mistake as the chances that you are going to be there when a positive movement in the market starts are very low and you are just wasting your time, so the best option is to use the tools given to use by exchanges so you are given an alert whenever the price moves above or below a threshold. PRO TIP: Can use price alarms if you're anxious about your portfolio, but again you should not be afraid that you're going to lose your money. Know your risk tolerance and allocate your net worth accordingly.
Seem like those that have been listed by the OP are the most common ways that we literally do all know about but a real deal that many have been forgetting once they have been excited getting into investment and engagement with Bitcoin specially talking about newbies that are always into excitement at first having to get along with Bitcoin. Well, those 4 investment strategies are pretty good and true and must always be kept in mind to lessen the stress of engaging into Bitcoin. Never really ever invest anything you cannot afford to loose and you certainly do not have. Be realistic that you must only spend what you have in you and what you can easily give out without regretting once it gone. Engaging into various coins is also good aside from Bitcoin to diversify your funds for more chance of gaining profit for there are also good alts scattered in the market. Just trust the process and do not let emotions drive your decision making.
Buy at least a few other asset classes to hedge your bets e.g. shares, bonds, commodities, property....... vintage wine, fine art etc 
Are bonds an investment or a way to keep your money safe from inflation? They don't appreciate in value much.
Shares as a hedge? Like when you buy Gamestop at the right time?
For me the best way to be cool about Bitcoin is holding long enough. When you can say you had it for 3 years or more, you learn not to care about FUD or flash crashes. You'll know you can't lose on this bet.
Bonds shoot up when stocks tank. You can see this last March. I only hold a few bonds as a cash proxy, as most serious investors do. Bonds also pay interest, although that is negligible at the moment.
The idea is you cash in bonds to buy stocks during stock market corrections.
And yes, I have held bitcoin for more than 3 years, and it makes up about 10% of my portfolio. I have recently been buying DeFi tokens as a fun bit of speculation too.
I am still mainly invested in stocks and property though, and am actually a bit worried for you that you think Bitcoin is the be all and end all so much that you mock stocks.
And, yes, you can lose your bet. It is a bet.
In fact, it is very easy to avoid stress when investing in Bitcoin, the first is always to invest money that we can afford to lose. Next thing we have to
stick to the plan, meaning if we buy Bitcoin at a price of $ 32k, then determine a target to sell at $ 50k. Don't panic when the price drops even lower,
but remain calm and confident that the target will be reached. Because the Bitcoin price will definitely continue to rise, so no matter how many targets
we set, we will achieve it. But the timing alone that we may not know, my advice is not to monitor the market too often if we are investing in Bitcoin
for the long term. It is enough to check the Bitcoin price once a month.
stick to the plan, meaning if we buy Bitcoin at a price of $ 32k, then determine a target to sell at $ 50k. Don't panic when the price drops even lower,
but remain calm and confident that the target will be reached. Because the Bitcoin price will definitely continue to rise, so no matter how many targets
we set, we will achieve it. But the timing alone that we may not know, my advice is not to monitor the market too often if we are investing in Bitcoin
for the long term. It is enough to check the Bitcoin price once a month.
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