Quote from: Twinkledoe on Today at 10:55:51 PM

Quote from: Kusman on Today at 10:45:28 PM

Quote from: Paisleyvn on June 24, 2021, 07:03:23 AM

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

This is a very risky thing you do in terms of having a quality life. In my opinion, you shouldn't invest all your funds into Bitcoin or any other cryptocurrency in the market. These are very volatile currencies and the amount of your loss would be really huge. Instead of doing it, prefer to buy some Bitcoin periodically with smaller amounts. This will help you allocate some of your funds to do something different. Don't be dependent on only cryptocurrencies.

But he has not mentioned if he is only investing in btc or any other crypto. We actually don't know his other investments by those few statements. Anyway, it seems the OP is getting "addicted" with btc market and he has to evaluate himself if he is ready for this roller-coaster ride in crypto. He should learn how to control his emotions. Otherwise, it may affect his mental health.

Actually, investing only in Bitcoin will be safe, because if we are patient holding Bitcoin can generate large profits in the future. But if it turns out
that investment is also in altcoins, this is very dangerous, because not all altcoins are good to buy. There are a lot of shitcoins in circulation
right now, and they will cost us money.

Regarding what the OP did it was not good, because he used all the money he had for investing in crypto, this would cause problems in the future.
I always remind everyone to use the extra money we have for investing in crypto. I agree we do have to control our emotions, don't buy crypto
using emotions, in the long run it can be problematic. The conclusion is don't be too obsessed with making profits from Bitcoin, because sometimes
the profits we get can take a long time. So never risk everything to be able to invest in Bitcoin, because anything in excess is not good.