Rollercoaster of emotions. How to deal with? - page 3.

Ojima-ojo

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Quote from: roller33 on January 02, 2024, 12:12:58 AM

Hey everyone, I've been grappling with a question lately and would love to get your thoughts. How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?

How much tou can invest from your monthly income depends on you and what your bills are, because one of the best way to invest in Bitcoin and have the peace of mind is by only an amount you can afford to keep away for a long time.

This is what you should carry along as a mentality and you should work with that approach, let say you can decide to hold the amount you want to keep aside in your bank as savings, so instead holding your savings in your bank account, you can choose to use that amount to invest in bitcoin.

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I understand the potential gains, but I'm also thinking about the stress of watching the market's frequent ups and downs. Seeing those price fluctuations can be a real thrill ride – exciting one moment and nerve-wracking the next. So, what's the sweet spot? How do I balance a smart investment percentage without getting overwhelmed by the market's volatility?

You have a point on the stress that happens with holding along with the volatilities of the price of Bitcoin, and for that one need all the motivation needed to hold firmly along the way and also practice how to DCA to achieve a successful accumulation plans

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Would love to hear how you all manage this balance. I already have some amount invested, but way less than I'd like to have, but I have that fear of being pat on risk more than I should.

My best and only approach is to make sure that i buy Bitcoin when the price is at a discounted price, that put you in a position that doesn't place me under pressure to sell at any time since long-term potential is better than short-term gains regardless of how volatility happens in the market.

Lorence.xD

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That's more like trading than investing if you are going to look for the market all the time which can cause you to have a roller coaster feeling as you could observe the volatility changes from time to time. Most of these kinds of experiences are from newbies as they are not that familiar and experienced with investment, if you still have doubts you can start from a small amount first or use some kind of method such as the DCA method if you like to take advantage of the market.

From your post seems like you are aware of the pros and cons of investing, if you already have the knowledge but don't have enough courage to invest it might be due to you're not ready to invest financially or you are just scared, then you will have to build up your confidence without feeling pressured if you are gonna invest with that feelings, it might just cause unwise decision and calls.

Tamaperdana

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Quote from: roller33 on January 02, 2024, 12:12:58 AM

Hey everyone, I've been grappling with a question lately and would love to get your thoughts. How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?
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In fact, when it comes to how much money to invest in Bitcoin, everyone has different measurements regarding this. Because not everyone has the same income or salary every month. So the nominal amount of money that can be invested in Bitcoin will also vary.

However, if you want to know the safe limit percentage of how much money you should invest in Bitcoin every month, I personally like to put the income I have in Bitcoin every month at around 10%-15%^(average). Because with that amount of money, I think it would be much better.

And regarding the turbulent emotions, I think this will get used to over time. The important thing is that the money invested is really money that is not used and is ready to lose that money. That's why I decided to invest 10%-15% of my monthly salary. Because actually this money is half of the savings that I always save every month and I am ready if for example the money disappears.

moneystery

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the answer to your question is to only invest according to your abilities using the dca method and do it in the long term. in this way, you can invest with less capital, but do it over a long period of time to achieve the profit you want. investing in this way will prevent you from looking at the charts too often, so you can focus on other things and this can reduce your stress significantly.

this kind of method has been applied by many bitcoin investors, including myself, and i can say that this kind of technique is more suitable for us investors with limited capital and who don't want to risk more in an unstable market.

Text

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Can you handle seeing your investment fluctuate significantly without losing sleep? If not, it's better to err on the side of caution and invest a smaller percentage. I know and have been there before, that it's easy to get caught up in FOMO, especially when you see Bitcoin skyrocketing, avoid making impulsive decisions based on hype or emotion, stick to your investment plan, and trust your research.
It's okay to start small and gradually increase your investment over time as you become more comfortable with the market dynamics and gain experience and confidence. Good luck!

ImThour

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You don't worry about your Bits everyday. You just buy them when they are low, and HODL them for upcoming years. Wait atleast 4 years before you cash them out. Just keep HODLing, that's what I am doing and that's what I want you to do. The chances to lose money by doing this is way too less as compared to doing buy/sell on every weekend after seeing a small pump or dump.

kryptqnick

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First of all, investing monthly sounds like a good idea because it can take some anxiety away and become a routine thing to do. Secondly, the percentage you invest should depend on the percentage of your income that doesn't go on covering monthly expenses. If, say, you have 10% left per month, you can invest half of it in Bitcoin (just to keep some money in fiat for fast use in case of unexpected expenses). But that depends on your situation, and it's important to make sure you are always left with enough to pay the bills, buy food, etc.

sunsilk

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I'd like to say just do not invest. And that is because you are complicating things to us wherein fact that you are also confused but you understand everything. You want to invest but you do not want, so it is like that.

And for you to have more confidence in investing if you decided to continue then start with 5% of that amount you are saying so that you wont have issues to yourself whenever you cannot feel the fluctuations.

Natsuu

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Quote from: Outhue on January 02, 2024, 05:12:56 AM

Coming from a once crypto newbie, you will easily be consumed by emotions in crypto if you have no source of income, you will be less vulnerable to emotions if you are making money, mistakes will be easily corrected and you will be able to take risks without much worries.

Since you are investing in Bitcoin you are less consumed by stress of doing research like those who likes alternative coins, Bitcoin is far better than others and the only way you can still be emotional is you risking what you can't afford to lose, and this always happen when the investor is jobless.

Right. It's true that having a stable source of income can provide a sense of security in crypto investing. While Bitcoin is often considered a safer option, emotional decisions can still arise when risking more than one can afford to lose. we should still approach any investment with careful consideration and a balanced mindset.

Outhue

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Coming from a once crypto newbie, you will easily be consumed by emotions in crypto if you have no source of income, you will be less vulnerable to emotions if you are making money, mistakes will be easily corrected and you will be able to take risks without much worries.

Since you are investing in Bitcoin you are less consumed by stress of doing research like those who likes alternative coins, Bitcoin is far better than others and the only way you can still be emotional is you risking what you can't afford to lose, and this always happen when the investor is jobless.

rodskee

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Emotion must not taKe place when you invest in bitcoin because this market is only for
tough and capable of risking and not the drama way of life because you will only lose here and will
never gain if that is your behavior .

Quote from: Yamane_Keto on January 02, 2024, 02:03:34 AM

You should not follow prices on a daily or weekly basis. Make your thinking over several years, and then short-term fluctuations will not be a problem for you. If the price decreases, this means more opportunities to buy Bitcoin at a cheaper price, or use DCA in order to simplify investment for you.

Invest any surplus amount you have and allocate, for example, the profits from freelancing, your extra time, or any profits that you do not need in your daily life to buy more, and after several months you will notice the change.

or maybe he needs to close her eyes for a while to not see how much the market changes
because that is the reason why he will change his emotions like rollercoaster ,

Sim_card

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OP, you should only invest with the amount of money that you wouldn't need for a long time, this is why you must consider investing in a long term so that you can be able to grow your bitcoin portfolio to a significant amount. As for the amount to invest with, you can use 10%from your weekly or monthly income to invest in bitcoin, so that you can buy bitcoin frequently with that amount, but it should be based on your monthly income. DCA is the best way to accumulate bitcoin because you are buying frequently irrespect of the price of bitcoin at that moment. It also make your bitcoin purchase at ease with you and you can have time to plan your income for other investments too. Make sure that you have an emergency funds available and reserve funds so that if any expenses arises you can solve it. Have a bitcoin target so that you will only concentrate on meeting up with your target by DCAing regularly and this will make you not have time to get carried away with the little fluctuations in bitcoin price. A long term investment will lower the risk in bitcoin and will make you to be able to control your emotions if you are using DCA.

michellee

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Before investing in Bitcoin, you must calculate your income and expenses. You will know how much money you still have left from the results you get. From the remaining money, you can decide how much money you can use to invest in Bitcoin.

When you have a certain amount of money you can invest in Bitcoin, you don't think about the ups and downs of the ever-changing market. You can use the DCA method to invest in Bitcoin to be calmer against ever-changing market conditions. You won't panic if the price of Bitcoin decreases because you already have a schedule for investing in Bitcoin, and it does not depend on what the price of Bitcoin is in the market.

If you can only invest in Bitcoin using $20 every week or $50-$100 every month, you can use DCA to invest in Bitcoin regularly. That already prevents you from thinking about Bitcoin price changes. You can also focus on your life because your investment in Bitcoin is still going according to plan.

Yamane_Keto

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You should not follow prices on a daily or weekly basis. Make your thinking over several years, and then short-term fluctuations will not be a problem for you. If the price decreases, this means more opportunities to buy Bitcoin at a cheaper price, or use DCA in order to simplify investment for you.

Invest any surplus amount you have and allocate, for example, the profits from freelancing, your extra time, or any profits that you do not need in your daily life to buy more, and after several months you will notice the change.

btc78

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I can not possibly tell you how much should you invest from your monthly income i mean i do not know your monthly expenses do you have a family that you are providing for? Any kids or no kids? Are you paying off any loan? It is a complicated question

If you are unsure of the amount you should put in into investment then just do not put that amount if you put too much of an amount you might scare yourself and be easily swayed once FOMO hits it’s either you get over the uneasy feeling of investing your money in order for you to invest with how much you want it to be or you settle for the amount of money you are only comfortable with putting out i do not think there is anything wrong with either one but of course the first situation guarantees more profit however the second situation also helps you to not recklessly put out money

kotajikikox

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Quote from: roller33 on January 02, 2024, 12:12:58 AM

Hey everyone, I've been grappling with a question lately and would love to get your thoughts. How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?

20-30% of your monthly income or the amount you can afford to not to think for years that is helpful i think.

Quote

I understand the potential gains, but I'm also thinking about the stress of watching the market's frequent ups and downs. Seeing those price fluctuations can be a real thrill ride – exciting one moment and nerve-wracking the next. So, what's the sweet spot? How do I balance a smart investment percentage without getting overwhelmed by the market's volatility?

so never watch the market , put I potential target and let emotion have you mate.

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Would love to hear how you all manage this balance. I already have some amount invested, but way less than I'd like to have, but I have that fear of being put on risk more than I should.

We manage our balance to never expect so much , instead we are contented looking to potential earning of at least 30-50% .

franky1

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Quote from: Poker Player on January 02, 2024, 01:28:05 AM

What you can't do is start investing in Bitcoin without a wealth building plan and make the mistakes that many people make, such as investing money that they may need in the short or medium term and having to sell in a market downturn because they need the money at that moment.

Worry about controlling income and expenses and make sure you can save each month. Then save an emergency fund and get rid of consumer debt. That's when you can safely start investing

^sounds like dave ramsey plan

Poker Player

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What you can't do is start investing in Bitcoin without a wealth building plan and make the mistakes that many people make, such as investing money that they may need in the short or medium term and having to sell in a market downturn because they need the money at that moment.

Worry about controlling income and expenses and make sure you can save each month. Then save an emergency fund and get rid of consumer debt. That's when you can safely start investing in Bitcoin and you will be less affected by market swings because you will have more financial peace of mind.

EluguHcman

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It is Very much interesting that you know the potentials of the Bitcoin markets volatilities.
There wouldn't be an affirmed fix amount anyone would ask you to Invest on from your incomes. You know better how much your income is but here what is paramount and best advisable is that you should start your investment with a minimum amount of fund you can afford to tolerate with the fluctuations nature just as you are being aware.
Hence I would say you are not going to loose your funds as long you are well responsible and careful to keep your private key phrases safe rather you only need the ability to tolerate at when then market price goes contrarily against your will and you can only achieve a bat by investing with a tolerable amount of capital.
So, it is best known to you to figure what your income is and how much you can afford as a gambling of gambling.

elevates

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Quote from: roller33 on January 02, 2024, 12:12:58 AM

Hey everyone, I've been grappling with a question lately and would love to get your thoughts. How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?

I understand the potential gains, but I'm also thinking about the stress of watching the market's frequent ups and downs. Seeing those price fluctuations can be a real thrill ride – exciting one moment and nerve-wracking the next. So, what's the sweet spot? How do I balance a smart investment percentage without getting overwhelmed by the market's volatility?

Do not force yourself into the situation of fear of missing out. First, be confident with your existing investment and create a strategy for future investment. The recommended approach is to use Dollar-Cost Averaging (DCA). Determine a set amount and invest that amount regularly until your investment in Bitcoin reaches a particular goal. Bitcoin is here to stay, do not worry about your past, work on the present and you will have a bright future.

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