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.
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
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.