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?
Based on your numbered questions, here are my answers:
1.
Profit and
Financial Flexibility.
2. My
extra disposable income is a good basis, but it's still dependent on my risk tolerance at that time (invest only what you can afford to lose).
3. An
emergency definitely caused me to sell before, due to my previous financial situation. So, unless I'm planning to do some
day trading,
cashing in when it hits an ATH is the ideal goal.
4.
Risk Tolerance differs from one person to another. I suggest you try to research more about this topic.
5.
Coints/Tokens that you trust.