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.
Rule 1- Always Invest what you can loose
Bitcoin is profitable for Hodlers i.e Those that buy and keep it for a longer period of time. So the thing is that you should buy low and sell high. They are timely event that for BTC this year 2024. This include ETF, Halving etc. So by speculation BTC will end high.
Rule 2- After making your analysis allow the market to play out
If you keep checking chart, you will always make hasty decisions.
Rule 3- Be Patient