Bitcoin investment makes me think a lot.
Of course, it takes a lot of thought to invest in things like Altcoin, Stock, fund, not just Bitcoin.
I have to think of 5 questions before investing in something. And answer it.
1. Which Purpose Are You Pursuing?
2. How Much Can You Realistically Set Aside for Investing?
3. When Will You Need This Money Again?
4. How Much Should Risk?
5. What Should You Invest In?What should I think more than this?
What thoughts did you go through before investing in Bitcoin?
This is not a bad set of questions. The purpose is a very important one that people tend to forget. Some people just buy BTC and HODL it indefinitely because they haven't decided how much profit is enough for them. Historically, such investors in general end up not benefiting from their investments ever. Savings and investments are there for something. I am not sure about question #3, though, because the way I see it if a person will need that money at some point, this person should not invest it. Also 2 and 5 would kind of be the same thing to me.