How much effort should one put into Bitcoin investments - page 2.

BVeyron

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

In all the cases it's better to invest without stress, as for amounts invested with stress, it turns every such investment into a gambling. So if you like gambling, you can afford investing a bit more than just excess money you otherwise would collect. The certain no go is to borrow and invest the borrowed money, since cryptocurrency is predominantly long term investment, and paying the debts is not a good option...

Furious 7

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Quote from: AmoreJaz on April 11, 2023, 04:40:20 PM

Quote from: Furious 7 on April 11, 2023, 01:45:27 PM

We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

unfortunately, a lot here are still hoping that one day, btc will be their saviour of acquiring riches in the future. this is why they are agitated to get a hold of btc in their vaults for such goal. if you have your targets and you do believe on this market, you should not be too worried about your portfolio. and always do take note that only use your extra funds so you won't be in tight spot if you happen to need the money.

This is the point because even though it's not too wrong to hope for something beautiful about bitcoin but that is the end result and things like that need a long enough struggle which is called a process and this is where we are right now which is sometimes even more tiring and creates an unhealthy mental state. too able to control a little hit there.
Even though as said before, as long as you are sure of the conditions of what you are investing in and are sure of bitcoin as something worth defending, I don't think you need to worry about the flow you have because at the moment you can say that when you look at their journey they are still very good.

mindrust

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None. A bitcoin investor should just DCA weekly or monthly and leave the rest to the markets. Every crypto investor that did that since the early 2010's made huge money. You will too. It takes zero effort to accomplish this trading strategy. Buy & hold. Do nothing else.

Some of those people who made daily trades made money and some other people did not, however, everybody hodl their bitcoin made money. It is a no brainer strategy to get rich and the best part is, you don't have to do anything other than hodling.

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

Although I am aware it isn't a o or die affair

I think it's like asking how much cake to eat - there's no right answer, and it depends on your appetite for risk. I think understanding the market is necessary and only investing what you can afford to lose. So if you are a risk taker with deep pockets, go ahead and invest large sums. But if you are more careful and prefer to play it safe, it is better to invest smaller amounts.

retreat

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

In accordance with your goals, you can invest in Bitcoin according to your abilities. Don't push too hard if you doubt that the money you invest will be lost, because actually investing in Bitcoin has risks and if you can't take that risk you shouldn't invest, it's that simple. If you can invest 100 USD in a month and have no problems with it, you can invest that amount, or less. The point is to adjust to your abilities, that's all.

Kakmakr

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I think this is one of those questions that are asked the most, but every answers differ from person to person. We have a popular saying that says, "Do not invest more than what you can afford to lose" So, if Bitcoin goes to zero tomorrow.... you should still be able to pay all your expenses and survive without any effort.

So, only take a small amount of your money every month and invest it into buying a little bit of bitcoins.... do not use credit to buy bitcoins. Grin

Alpha Marine

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You don't have to invest at all cost. You just have to be patient. Even when you see people panicking just trust Bitcoin, this may be hard but it gets better with practice. I feel one of the reasons why you should sell (if you have been HODLing for a while) is if it's an emergency or something you really need money for.
If you don't need the money then don't seel it out of FUD.

I don't think the effort can be quantified but it requires a lot of effort.
As a matter of fact, I'm even still in the learning process. It's easier said than done but when you keep trying, you'll develop your patience level and you'll be able to invest effortlessly.

dollarday

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Everyone who was able to hold for the past ten years, (2013-2023) are in a much different financial space because of their initial investment.

I think the effort versus the reward has been the greatest I've seen in my lifetime.

laurenB7742

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Quote from: AmoreJaz on April 11, 2023, 04:40:20 PM

Quote from: Furious 7 on April 11, 2023, 01:45:27 PM

We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

unfortunately, a lot here are still hoping that one day, btc will be their saviour of acquiring riches in the future. this is why they are agitated to get a hold of btc in their vaults for such goal. if you have your targets and you do believe on this market, you should not be too worried about your portfolio. and always do take note that only use your extra funds so you won't be in tight spot if you happen to need the money.

There's nothing wrong with dreaming of becoming rich by investing in bitcoin, you and I and everyone here are investing in bitcoin because of that dream too. But the mistake of many people is not to learn more about bitcoin, they just want to get rich quickly with it, forgetting the risks that have to be traded off if want to be rich.

There is no success without trade-offs and so is bitcoin investing. It can make you rich, but if you do not have a plan, and invest at the wrong time, you will also pay a very high price.

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

I would put in a moderate effort, and, in fact, I do. Investing in Bitcoin is one part of an overall wealth building plan, but in that part there is always room for spending. You have to maintain a balance between thinking about the future and living in the present.

In your specific case, if you want us to help you, it would be better to give more information, such as age, family situation, work situation, etc.

It is not the same if you are 50 years old and have dependents than if you are 25 years old and have just started a very well paid job.

xSkylarx

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Depending on how much money you are willing to invest, you will not go bankrupt if you lose it all. This is really my principle, I don't invest or spend money that I am not comfortable with, like I'll go broke, and I don't invest in bitcoin all at once, like if I have this huge money I buy it with bitcoin, I would get a percentage of my salary and buy bitcoin until I could say it is enough because at first it is just a small value and I wouldn't be stressed at all because I don't spend my entire salary all at once.

Strongkored

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Quote from: Victony on April 10, 2023, 03:38:09 AM

most persons are not patient enough to wait till the value of Bitcoins rise significantly .

You are quite right about this, patience is one of the keys to being successful as an investor in Bitcoin, without patience what you earn is not as big as if you are patient together.
Early investors are currently enjoying the results of their patience, in any price range, selling Bitcoin now which was obtained a decade ago, is still in a profitable position and inversely proportional to those who are impatient because at this time they may be regretting the decision to sell, even though they still get profits, but not as big as if hold longer.

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Quote from: Bananington on April 10, 2023, 11:44:56 AM

Wait for how long? Most persons have a target and price that they expect bitcoins to get to before they sell. When the price gets to that point either quickly or takes a little time, they sell without considering if the prices will go hire. They are okay with that profit. Not everyone is waiting for bitcoins to get to a new all time high before they sell.

But they all should be waiting because they're losing whenever they sell, for people that sold when Bitcoin reached $20k for the first time in the 2017 bull market, they all lost when Bitcoin reach a new all time high in 2021, they should have just hodl instead of selling.

The sellers are the reasons Bitcoin is finding it hard to break some resistance level .Bitcoin gives more profits when we hodl. Young investors need to understand that making riches has to do with been patient when investing and not always been in a rush to sell.

Alot of efforts has to be put into investing in Bitcoin to protect our investment. Many people that ignored all this precaution to take are all regretting since their assets has been stolen or forgotten.

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Quote from: Furious 7 on April 11, 2023, 01:45:27 PM

We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

unfortunately, a lot here are still hoping that one day, btc will be their saviour of acquiring riches in the future. this is why they are agitated to get a hold of btc in their vaults for such goal. if you have your targets and you do believe on this market, you should not be too worried about your portfolio. and always do take note that only use your extra funds so you won't be in tight spot if you happen to need the money.

Furious 7

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We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

SamReomo

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

It's a very nice question and the answer to your question depends on how much you have and whether investing a certain amount would affect you financially. If you have an extra 1000 dollars or more divide it by 10 and invest it in Bitcoin at various price ranges.

For instance if you have 1000 dollars to invest divide it by 10 which will provide you with the chance to invest in 10 different ranges. The first range should be at 29,000 dollars and the second range should be at 27,000 dollars and continue investing in this pattern. If your order get successfully filled at those ranges then hold onto them for at least 4-5 years.

zaki12

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

A good bitcoin investment should indeed be planned and carried out wisely and calmly. Long-term investments can also provide greater returns than short-term investments, especially if done with the right strategy and accompanied by thorough research and analysis.

It is important to remember that in the long run, markets can change and volatility can occur. Therefore, patience and discipline are needed in carrying out a long-term bitcoin investment strategy.

Bitcoin investing is not something to be done on impulse or on a whim. Instead, bitcoin investments should be considered wisely and based on financial goals and acceptable risk.

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

Any long-term investment should be comfortable, only in this case you can be consistent throughout the investment period. If it is, as you said, at any cost, then this implies that we will most likely need to make some sacrifices from time to time, which in the end will make us doubt the correctness of our actions. You also don't need to invest all your savings, because various situations may occur that require us to unplanned expenses and in this case it will be necessary to sell part of the investment, which is also not very good.

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

I do not understand what do you mean by an effort to invest in bitcoin ?
If you have extra money, you may invest in bitcoin for long term and if you do not have capital then, you should first raise capital and then invest in bitcoin. Buying Bitcoin from kitchen money or taking a loan is not the right way to invest in Bitcoin.

Quote from: Victony on April 10, 2023, 03:38:09 AM

Although I am aware it isn't a do or die affair

Don't consider bitcoin investment as a do or die thing, otherwise, you will fall into FOMO and may invest all in at one point. Doing DCA is a very good method if you want to get into bitcoin at different prices.

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Quote from: Victony on April 10, 2023, 03:38:09 AM

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly.

In other relative investments they can afford to wait but with Bitcoin I often wondered where their rush came from until I realized that it won't be far from that misconception of Bitcoin being a shortcut to wealth. It's on crypto (and possibly in gambling) that someone expects their $10 stake/investment to turn $1,000 overnight. I ain't saying it doesn't happen but it shouldn't be the regular mindset of any investor. Everyone should've that mindset of profit and loss while going into any investment, cryptos inclusive.

Quote

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

Yes, it should be according to your capacity and what you can afford to lose.

Topic: How much effort should one put into Bitcoin investments - page 2. (Read 586 times)