How much effort should one put into Bitcoin investments - page 4.

Bananington

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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 .

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.

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"

Investment should never be at all cost, that can be too costly. Invest with strategy so it becomes stress free or lesser stress, just as it should be. If you invest at all cost, if you do not die, you may be forced to quit investing even before you can make the smallest profit.

yazher

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This is easy because you only need to consider not rushing whenever the price is rising rather you only need to invest the money you can afford to lose which is often your spare money after you bought the necessary things you need like essentials and food. after that, you can spend it to buy bitcoins even if the price is high because with this method your aim is to hold it for the long term and when you want to hold it for the short term, this method is not for you.

jacktheking

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It's up to the personal financial state and commitment; greatly depends on how well off the investor is.

We all have to agree with the fact that Bitcoin is a risky investment. With the high return, it comes with its risk. Hence I'd pick the first option for everyone ("how much you can easily invest without stress"). If you put all-in to Bitcoin, you'll have my respect mate. But most of us needs stable currency for our day to day usage.

KiaKia

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It is my firm belief that investing in Bitcoin will yield positive returns in the future, however investing in Bitcoin should not be handled as a do-or-die situation, as it is not a healthy investment, and if you invest in Bitcoin, you will still have the risk of losing money, and there is no guarantee that you will still exist in five years from now.

In order to make a healthy Bitcoin investment, you should only invest what you can afford to lose after taking full responsibility for yourself and your loved ones. Bitcoin is just one way you can use your money to make more money, but there are many more things you can do with your money.

Just don't go extra miles or do something bad because you want to invest in Bitcoin, it's a risk worth taking but it's stupid to put all your effort into Bitcoin only.

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As long as you are capable with to have an investment with cryptocurrency, no one limits you to make an investment as long as you can manage the risk with those market volatility, again dont put your money in just a single pot, better to have a higher profit into different coins, always grab the opportunity every price drops after this halving for sure theres a chance that they whale will come up again and make a post that they bought already better grab than getting late again this coming halving.

RockBell

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Since you already understand how Bitcoin works as an asset that you must hold for a long time to make money from, you should set a goal for how much you want to invest in it. You can start with a small amount and then build up until you reach your goal. You should also take into account the risk involved in investing in Bitcoin.

Additionally, be cautious not to entrust your Bitcoin to any exchange. Always practice the habit of storing your Bitcoin in your wallet, with the popular saying, not your keys not your coin. Your Bitcoin is safer when it is in your possession when the keys are in your possession. and invest wisely.

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Quote from: ethereumhunter on April 10, 2023, 06:35:29 AM

Only use the money you can afford to invest in bitcoin is the advice we always give to beginners who want to start investing in bitcoin. With bitcoin price fluctuations, they have to be patiently waiting for the price to increase so they have to be able to control their emotions when they see price movements. And now, people seem to realize that investing in bitcoin is a promising long-term investment, so they are trying to allocate funds to buy and keep it. And they also know about the risks involved in investing in bitcoins and only those who understand about mitigating or overcoming the risks can benefit in the future.

BTC investments and other cryptoindustry investments are really long term, so what a person really achieves depends on what he or she expects, there is expectation feedback algorithm conducted by mind. All the economy regarding money works in this way: the investments are never what expected: they are either underestimated or overestimated. So the main thing for investing into any project is to psychically stabilise the expectations: if someone is young and wants a couple of yachts and sportcars in a decade, but really gets an extra money for cookies at the time he leaves the job for a pension, then its a ruined investment. And noone can predict the real outcome, that's why any financial system in the world is unstable: it deceives the people's expectations.

sokani

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For a starter, you should get this at the back of your mind that bitcoin is not a get rich quick money scheme, memecoin or ponzi. You need to have a good knowledge of the market, to know the appropriate time to buy and you also need to have patience to hodl your bitcoin for sometime for it to appreciate to a good price before selling.

Despairo

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For beginners it's better to invest what you can afford to lose, even it's only 5% of your total salary, but that's completely fine because if Bitcoin price goes opposite against your speculation, it will not ruin your life.

But if you've understand more about Bitcoin and can taking higher risk, it's not a problem if you increase your limit to 20% or even 50% of your total salary.

The highest tier is a Bitcoin maximalist where at least 90%+ of all money they have, they convert into Bitcoin.

Darker45

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I know some people are dropping exaggerated Bitcoin investment advice. I don't agree with them. You don't have to go extreme in your Bitcoin investments. You don't need to follow advice like Saylor's "mortgage your house and buy Bitcoin" however correct his math seems to be.

Although it's good to be a risk-taker, if you are losing sleep because of the amount of your Bitcoin investment, then by all means trim it down. If you have the money and really want to travel or buy a drink or need to buy a new phone or buy a loved one a gift, go ahead and do it.

Don't make too much sacrifices just for your Bitcoin investment. Life is here and now. It's absolutely wrong to swap precious moments, health, fun, family, and so on for Bitcoin.

For what shall it profit a man if he shall gain a whole bunch of Bitcoin and lose his own life?

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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 all depends on your risk taking capacity. It's definitely not a do or die situation but it is always better to invest something that you are not afraid of losing. This should be the key for any investments into volatile effects like Bitcoin.

So start with little amount of investment as your pocket permits and increase it as your income grows. There is no hard and fast rule around investment. But I will suggest not to invest big amount of money upfront.

ethereumhunter

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Only use the money you can afford to invest in bitcoin is the advice we always give to beginners who want to start investing in bitcoin. With bitcoin price fluctuations, they have to be patiently waiting for the price to increase so they have to be able to control their emotions when they see price movements. And now, people seem to realize that investing in bitcoin is a promising long-term investment, so they are trying to allocate funds to buy and keep it. And they also know about the risks involved in investing in bitcoins and only those who understand about mitigating or overcoming the risks can benefit in the future.

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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 do or die affair

Ok for newbie it’s understandable to ask this question but you should remember that people has different risk appetite which mean the amount that we can afford to invest without any stress varies on the total asset that we have.

Eg;
Person A has 10,000$ in the bank then investing 100$ or less will not gonna stress him in an event that he will lose to an investment compared to Person B which we assume that have a 500$ money in the bank.

This is a case to case basis and there’s no exact amount or percentage that will be suitable for everyone.

odolvlobo

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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"

Certainly the first and certainly not the second. Investing in Bitcoin is risky, so don't invest more than you can afford to lose. Diversification is a key component of investing, so allocate only a portion of your savings to any particular investment.

GeorgeJohn

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From my observation in cryptocurrency investment, the most of people who runs out patients during cryptocurrency investment especially bitcoin, are the people who doesn't know the main factors that's behind investment, or I will say that they don't know the rudiments of investment in cryptocurrency before they venture into it. In some extent many just venture into investment without knowing the guidelines, I think that's what makes some of the investors run out patients and panic whenever bitcoin is having bearish exercise, the wing investors make a profit during bitcoin investment is during a long term investment and it happens that bitcoin experiences bullish market. So therefore for we to be hope of profits let us have the mindset of running a long term investment.

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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 .

That's alright. Not many people know about different investment, not many people have have the financial freedom to invest, not many people have the patience to invest to give it time to rise.

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"

Never invest at all cost. Investments are meant to be done within your financial limits. When you make some profits or increase your income, you can increase your investment.

jeraldskie11

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Even though Bitcoin is a very secure investment if you study how it works, you must always invest what you can afford to lose. It is applicable to all kind of investment. There are lot of investment out there where you think that project is the best of bests but in end they failed. Too good to be true kind of investment is also risky and the one that is difficult to believe are the one who became successful.

That's why no matter how realistic and profitable the project is, planning and thinking properly before deciding to invest is a must.

crwth

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It depends on what you can handle. To put on a perspective, you have to believe it would rise. If you cannot wait to see the realization of your belief in Bitcoin, then it's better to stay away from it and save yourself from the stress you can incur when investing. It's better to take care of your health rather than make it harder for yourself to gain that financial stuff. That would be an exchange for life and money.

arwin100

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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

On first year upon knowing bitcoin you need to do big efforts to gather the informations need to know more about technical things and also the issues where it cost people to lost their money. After you know those things for sure you might insert low efforts because you can .ake money work for you especially when investing on good projects or by trading it although in trading its somehow need full attention for best result but you will not get big pressure if you are well equiped with knowledge.

mk4

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You tell me — what's your bitcoin investment thesis in the first place? Because every single one of us has varying level of bullishness, risk-control, and different overall personal financial situation. It's like asking how much money and effort should I invest in my personal business — it's going to depend on a lot of factors.

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