People new to Bitcoin may want to consider the
3 Bitcoin Rule (3% of total), since investors unfamiliar with Bitcoin have many stories involving mistakes of selling too early, or jumping in at the wrong time due to the panic of missing a trend. I met one of the smartest bitcoinaires at a meetup in downtown Dallas, who interacted with Satoshi on the bitcoin forums and was one of the earliest adopters. He sold his bitcoins to pay for student loans and felt regret at selling the too early, even though I would argue he made a good trade. However, sellers remorse can happen and we can mitigate it by simply following this 3 Bitcoin Rule: always keep a minimum of 3% of your bitcoin total (so 3 if you have 100). In our minds, weve lost these forever, so we dont debate whether we made a mistake when we sold some or not.
Traders who have more experience may find this rule inappropriate, but for people new to bitcoin, this has done well over time.
That is a good principle but on the long run it will not suffice sine 3% is aver small amount. One of the best strategy is the 1% rule and that is to make use of your bitcoin without spending it all and also to make sure that it will suffice in the long run. The 1% rule allows you to sell 1% of your saved bitcoin per month and since bitcoins price is constantly going up your withdrawals are also increasing in value. This is an 8 year plan and so you will have a good life with those years. But to prolong it the 1% monthly must also be used in investment of any kind or do some trading so that you can replenish what you have consumed when you earned some profit.