- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
Or you can actually invest that same amount in Bitcoin for 5 years and expect more profits mate. $200,000 is a very large amount and in my country now is about 230,000,000 worth of naira and that's a hell lot of fortune. who told you that the bank will be much safer? They will only display the digits for you on your account while they loan out your money making profits off it. In the next 5years, you will actually be making the bank richer while you loss a life long investment you would have gained if you bought Bitcoin and left it for that same period of time.
You might even be lucky enough to get your investment back. I've heard of if situations where some persons claims to have left their money in banks and upon returning they found out that the bank managers or so had emptied their account and left without a trace. I would advice you to reconsider how you would choose to save that money ($200,000) for the next 5years. That because I don't find any state of rest here just as you've mentioned in your post.