Topic: Rollercoaster of emotions. How to deal with? - page 2. (Read 351 times)

Yes we fet your point bitcoin is for long term but still I think its exaggerated that the OP should wait for 4 years?! We know that not all of us has the luxury of waiting for too long in our investment as we all have our own needs that's why he is investing, I think the proper advise is that he should learn how to manage his investment in a sense that some of his asset should stay long term or holding for long term for more efficient and bigger profit but also he should allocate holdings that he can exit or convert as kong as he sees a profit, its depends on how will the OP will manage his investment, where he will place his trade or what price will he buy bitcoin, there's a lot to be considered in investing in bitcoin its not all about buying and selling assets. In short proper investment management, knowledge and analysis is need for bitcoin investment any kind holding, trading and etc

You can invest your monthly income as much as you can if you’ve made up your mind not to touch them after investment and have decided to invest what you can afford to keep for the long term. You’re not investing in bitcoin with money you can afford to lose because if you’ve such mindset, you’ve derailed from bitcoin investment and you won’t get what you want at the end of the day. Bitcoin investment when invested as it should be, you’ll benefit from it later.


This is a normal feeling to many bitcoin enthusiasts or investors, it just differs how everyone feel theirs and how everyone have built their mind to have resistance to such changes in the market after their investment. The best way you can still balance your investment percentage is by investing what you can afford to keep without touching for the long term until you’ve benefited from the investment. Bitcoin investment is a safe haven amongst other crypto assets, so you need not to worry how long the investment takes, you’ll benefit from it as long as you remain patient for the investment to grow

If you don't know how to handle your income or salary why not try the 50/30/20.
50% for your needs like utility, bills, food, 30 for your want a percentage of your income to spoil yourself eat at your favorite restaurant or buy something for yourself, 20% for your investment or debt.

Go for 1% of your net income, I think that is reasonable enough but if you can go for 5% that is even better.
Honestly, it is only you who could decide the amount to spend on this stuff but for me, 1% is good enough. Of course, we can think that amount is quite small but doing this consistently monthly that be soon big. That really matters in your income because even if you have a huge monthly or daily income, I don't encourage you to put everything on crypto, you know the risk for sure.

Bitcoin investment due to its high volatility will make you experience a roller coaster ride, and if you’re weak and easily fainted, you will not survive this type of investment. However, the only way so you won’t fall into a much roller coaster experience is to only invest what you are comfortable of losing. Don’t invest on a huge basis because  that will surely frustrate you if ever you lose them all. But invest in a small amount of capital as losing will never be much an issue for you.

One thing also, if you invest with full of emotions, you will really find it hard to overcome the risk and last longer in  your investment. So learn to lessen your emotions involved so you won’t compromise your decision making.

I understand your worries and fears towards your first bitcoin investment because everyone has been in your shoe. But to be honest, if you are not ready to lose, then don’t decide to invest. Bitcoin investment has a higher risk l, so if you think you’re not yet ready on it, then don’t invest. However, if you are really motivated to start investing, always invest with the amount you can afford to lose. It could be 3%-5% of your monthly income, that’s already up to you as long as you won’t regret losing your capital.

No one can tell you how much of your income you should invest in Bitcoin each month, it's your money, you are the one who manages the expenses and makes the monthly budget, so it's only you who can decide such things. And, once you decide that, you need to think it through and make up your mind whether you want to invest for the short term or the long term because the concerns you have should be present when you are investing for the short term.

Someone who intends to invest in Bitcoin for the long term shouldn't worry about frequent ups and downs and market volatility if they have some knowledge about the market and know that the market, specifically Bitcoin, moves in a cycle which means that short-term ups and downs don't affect the overall price at the end of the cycle.

Make use of only an amount you can set aside for a long time to buy Bitcoin so as not to be under any pressure when the market goes against your prediction of the market for a long while before you reach your set time frame for accumulation, Bitcoin investment must be done with the right mindset and stable allocation that disallow any form of pressure to sell at whatever time that is out of your investment plans.

For a start, you can set aside 10 to 30% of your total income every month and as time goes on you can then increase that amount to a new percentage in your income and also try to hold for at least a space of 2 years before you think of selling your assets.

That is definitely the case, it would allow everyone to have something more decent, and less risk for sure. If you do DCA then drops are not scary but opportunity and if you could make it seem like that, then you are going to get better when it goes up. So, you do not have two option of losing or winning, you have two options of accumulating or winning, and that makes things a lot better.

Many people avoid that mindset and that causes a lot of trouble, I believe that you should definitely consider that as an option. I know that it is not going to end up with a great return, we should consider DCA as a way to make as much profit as possible, the return is not all that crazy when it is not moving, but when it starts moving the return becomes huge.

Out of my head without thinking much I'll say 10%, 10% set aside monthly to invest in Bitcoin won't disturb your finances and you'll still have enough to handle other bills and live comfortably but then again, I don't know how much you earn monthly so the question goes back to you, how much will you be willing to risk monthly to DCA into Bitcoin and won't get bothered with the market movements.

If you answer that with an amount then that's what you should be using to buy Bitcoin. After doing it for sometime and you get more comfortable with the market you can increase your purchasing amount or if you're not still confirmable, you should reduce the amount until you get to a point that you won't be concerned about what's happening to your invested money for now.


You have a problem, that's you're getting attached to your money too much and that's why you're monitoring the market, Do understand that you have invested the money and not looking to make profits in the next couple of minutes so you shouldn't be concerned about the price movement of the market until it's time when you planned to cashout your investments. Reduced your capital to amount that you can throw away for couples of drinks and you won't be moved, as I said, invest small and increase your capital as you get more comfortable with the market because you'll definitely get comfortable with more experience.

Do one thing, just keep aside a part of your salary even if it's 5% or 10% as monthly investment for Bitcoin by this way you will always be one safer zone because you will be buying Bitcoin throughout the year be it bear market or bull market which reduces your level of risk and moreover set a target like 3 years or 4 year like Fixed deposit and don't withdraw it before that else you may set up a Bitcoin price target post which you can withdraw incase if Bitcoin hits that target. I would say you shouldn't be worried much about Bitcoin investment because it's not like Altcoins where you risk it all and if you are investing only a part of your salary as mentioned above you will not feel like investing huge amount but it would eventually accumulate on a bigger amount.

I don’t get it mate why you taking stress about Bitcoins. Bitcoins are for long term investment only. If you want to get noticeable profit, then invest in the coin for atleast 4 years and then think of cashing it out. If you are someone who wants quick profit then Bitcoins aren’t for you I must say. Moreover if Bitcoins price goes down, then instead of panicking think this as an opportunity and buy it. Show trust in Bitcoins, and in return you will definitely get more profits than expected.

Even clearer answer could also be meditation. The whole point of meditation is to make sure that you are going to end up with some self control, there is really nothing that you could do to make sure that you are going to end up too emotional if you could master meditation. Its the controlling of your breathing that starts you, and then you get calmer and calmer. I use it for sleeping, I used to have a lot of trouble sleeping, now I am doing better, many people do this. I think its quite important to realize that life is not always all that fair, and sometimes you have thoughts that you can't control, but if you can work on it, you could keep them in control a lot easier, it just takes a bit of practice.

Yeah, I believe your answer is very useful. Thanks!
I'll try to have a more controlled expenses to check how much it will remain of my money.

I actually don't control that much my money, even having a good income compared to the average in my country. I receive, pay my bills, have some fun, invest some amount and that's it.

I'll make as a goal this year to have a better control of my expenses

The thing is not that I'm not confident. I am confident and trust BTC to be my future more than any FIAT currency.

My question is more about how people deal with the big emotions of investing, or if they ever care about it.

Because after all, it is all about making more money and not losing it all, isn't it?

You don't have to excessively invest in Bitcoin when you are only receiving a small salary and also have other expenses to cover. Usually, the expenses of any individual vary every month; someone might have more expenses and bills to pay in month "A," while in month "S," They may have fewer bills to pay. So, before making an investment, you need to create a budget and look at your expenses for that month and also consider saving some cash for emergency budgets.

 After you are done making provisions for the expenses and keeping some emergency funds, you can invest the rest in Bitcoin.

Take, for example, if you are earning $5k every month and you are still a batchelor with no too much responsibility, you can decide to invest $3k every month and keep $2k for your expenses through that month till another payment comes in. If by the next month you have a lot of expenses, like about $3k-$4k, you can also invest $1k for that month, and if by the following month you have a smaller budget that only requires you to spend $1k, that means you will invest $4k.

Continually, just keep adjusting to your budget and making sure you are not investing too hard in a way that you will have to sell your coins when the price is down. Emergencys do happen, and if you have invested all your money in Bitcoin when an emergency surfaces, that means you will have to take out a loan or sell some of your coins.

As an experienced Bitcoiner, you should be aware that Bitcoin is a volatile asset; the price must definitely go up and down, and you should be assured that if you don't sell when the price is low, you will definitely make a profit during the bull market. That's why it's not wise to invest more than your budget. If you invest within your limit, there will be no need for you to sell in a rush. Even if the price is falling, you will not worry too much about it because you are not in a haste to sell.

OP. No reason to get emotional over Bitcoin.

1) Buy Bitcoin only with extra money you don't need. That way you can hold long term and have no reason to care about short term price changes.

2) Only put money into Bitcoin during the low end of the bear market to the upswing part of the market cycle and before the bull run starts. So for example this market cycle that would basically be late 2022 to probably the halving. That way you don't worry about next bear market in 2-3 years actually going lower than where you bought this market cycle. And during this buying period of the market cycle just DCA, every day or every week or whatever, but don't try to time your buys during this buying period, just buy with the same amount of money however often you decide to buy.

3) During the bull market just save your money so you have a bunch of money set aside to buy back in next market cycle once it starts getting down to what seems to be the bottom of the bear market.

4) If you're following the above rules you shouldn't have any sort of emotional rollercoaster. But another great way to stop that if you do is to stop checking the price a lot. This is a long term investment (years or decades), no reason to check the price every day or every week unless you are buying or unless you do trading.

Bitcoin is a digital currency that we must understand the reason to everything we are doing, you can choose to make an investment base on the level to how you can afford, this is not what you may do out of passion to make quick profits, but you're making it because of the realization you made in knowing how important it is to make an investment in Bitcoin after which you would have understand the benefits and risk involved.

No one can tell you how much of your montly in come you should invest, that's entirely up to you. Standard answer is to "invest what you can afford to lose" but realistically, majority of people invest more than that.

What can I suggest you to reduce amount of stress is to stop looking at the price on the regular basis, especially if you are into it for a long term hodl. Few years ago I deleted all the price tracking apps and i have to say that it helped me immensely.  

This happens to rookies who see the potential of Bitcoin investing but are scared of its unpredictability. The most secure is to consider Bitcoin a long term venture where highs and lows of its price are ordinary.

Congrats on making the initial step toward Bitcoin investing. Make certain to have effective money management to control your emotions. If you figure that what you invested is only a little, add more. Just be certain that you add more to your Bitcoin investment a sum enough for you to quit stressing over its momentary highs and lows.