Quote from: Dr.Bitcoin_Strange on Today at 03:51:19 PM

Quote from: roller33 on Today at 05:12:58 AM

Hey everyone, I've been grappling with a question lately and would love to get your thoughts. How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?

I understand the potential gains, but I'm also thinking about the stress of watching the market's frequent ups and downs. Seeing those price fluctuations can be a real thrill ride – exciting one moment and nerve-wracking the next. So, what's the sweet spot? How do I balance a smart investment percentage without getting overwhelmed by the market's volatility?

Would love to hear how you all manage this balance. I already have some amount invested, but way less than I'd like to have, but I have that fear of being put on risk more than I should.

You don't have to excessively invest in Bitcoin when you are only receiving a small salary and also have other expenses to cover. Usually, the expenses of any individual vary every month; someone might have more expenses and bills to pay in month "A," while in month "S," They may have fewer bills to pay. So, before making an investment, you need to create a budget and look at your expenses for that month and also consider saving some cash for emergency budgets.

After you are done making provisions for the expenses and keeping some emergency funds, you can invest the rest in Bitcoin.

Take, for example, if you are earning $5k every month and you are still a batchelor with no too much responsibility, you can decide to invest $3k every month and keep $2k for your expenses through that month till another payment comes in. If by the next month you have a lot of expenses, like about $3k-$4k, you can also invest $1k for that month, and if by the following month you have a smaller budget that only requires you to spend $1k, that means you will invest $4k.

Continually, just keep adjusting to your budget and making sure you are not investing too hard in a way that you will have to sell your coins when the price is down. Emergencys do happen, and if you have invested all your money in Bitcoin when an emergency surfaces, that means you will have to take out a loan or sell some of your coins.

As an experienced Bitcoiner, you should be aware that Bitcoin is a volatile asset; the price must definitely go up and down, and you should be assured that if you don't sell when the price is low, you will definitely make a profit during the bull market. That's why it's not wise to invest more than your budget. If you invest within your limit, there will be no need for you to sell in a rush. Even if the price is falling, you will not worry too much about it because you are not in a haste to sell.

Yeah, I believe your answer is very useful. Thanks!
I'll try to have a more controlled expenses to check how much it will remain of my money.

I actually don't control that much my money, even having a good income compared to the average in my country. I receive, pay my bills, have some fun, invest some amount and that's it.

I'll make as a goal this year to have a better control of my expenses