"Don't borrow to buy btc."
There are different opinions on this. It is always good to buy when the price is low and if you can take all the risks.
Also this year is different from every bitcoin year. It has reached its maturity and a great expectation has been created that we will probably never see the price of bitcoin at its lowest levels again.
As we look at the other side of the coin. If risks are not taken there are no rewards.
Topic: 4 investment strategies to make Bitcoin less stressful - page 4. (Read 621 times)
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.
Yep, cost averaging always good especially if you can automate it i.e. a regular buy on a specific day once a month.
Either that or at least make sure you buy according to known market trends.
For example, I think twice about buying shares on a Friday afternoon as people tend to be in a good mood, and prefer to buy on Monday morning when the dread of the upcoming week has set in
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.
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..
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..
Buy at least a few other asset classes to hedge your bets e.g. shares, bonds, commodities, property....... vintage wine, fine art etc
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..
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..
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