There is always a wrong when reading the graphics of increasing Bitcoin prices, there are some people who see the overall increase in Bitcoin prices, but he forgets that in investing in bitcoin not that fast, there is a pretty terrible trip in every Bitcoin price phase, especially if we often pay attention to prices In Bitcoin every day/week, it will put mental pressure when the price of Bitcoin plunged down.
I agree that the price of Bitcoin continues to increase, and that is what makes many people very interested in investing in Bitcoin, but if you use money that you cannot lose it, it will be a stupid decision in my opinion.
For an intelligent investor in the use of reserve funds also must have the arrangement in managing it and not all reserve funds are focused on investment.
How do you determine how much you are willing to lose? It seems to me that this initially implies small amounts for investment, but in this case you will not lose much, but your investments will not bring you much profit either. Therefore, I believe that this rule can be applied to altcoins when the risks for your investments are really very high.
And then I have a counter question, if you only invest the money that you are not afraid to lose, what do you do with all the other money that you save, you just keep it?
It seems to me that constant monitoring of charts is more relevant to traders, because if I am a long-term investor, then I am not interested in short-term price movement. Trading is also interesting for me and sometimes I try to follow the chart, I will say that it is very tiring, I'm not sure if I like it.