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.
I can totally relate to you. because I have gone through these when I was a newbie in crypto and early in bitcoin investment. I think everyone had same experience at some points. it is a type of FOMO we have (Fear of Missing Out) and a Type of Panic.
when we see the bitcoin and other altcoins price increase we think we are going to miss the boat. and when a coin's price which we bought start decreasing we start panicking because we are afraid of losing.
Everyone will eventually learn to control their emotions so you will too. the best thing you should do is that you just don't check market again and again. check it once a day or even for longer time. specially when you don't have anything to trade.