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Author Topic: How much effort should one put into Bitcoin investments  (Read 514 times)
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April 10, 2023, 08:38:09 AM
Merited by Edcrypto91 (1)
 #1

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
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April 10, 2023, 08:46:26 AM
 #2

What you must know is that bitcoin is not a quick get rich scheme or Ponzi scheme where you invest and expected to get an increase within the limited period of time. However, if you are venturing into bitcoin it should be that you are accepting all responsibility of any lost that may occur during the process otherwise, its advisable to only invest the amount you could be able to loose without any regret. Bitcoin invest have always been a risky investment and for you to enjoy all the benefits you needs to be a risk taker for you to reap it all and it requires a long term investment not a short term.


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April 10, 2023, 09:01:46 AM
 #3

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly.
Bitcoin investment is indeed a promising investment that yields a very good profit when the investor waits patiently for some period of time.


Quote
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
As you have stated, Bitcoin investment is not a do-or-die affair, and due to the risk involved, it is advisable to invest the amount you can afford to lose. Additionally, make sure you did not take out a loan to invest in Bitcoin.

Furthermore, try to gain some basic knowledge about Bitcoin and how it works before investing in it so that you know exactly what you are investing in.
This will be helpful as a start.

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April 10, 2023, 09:03:03 AM
 #4

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Anyone that wants to invest in bitcoin should have the mind if making the investment to be long term, but do you know that bitcoin investment can be short term too if you are able not to fomo but speculate very well? Examples are people that invested during kas year December, they are ripping their profit now. But for a significant bull market which means higher profit, long term should be the investment.

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Invest the amount of money that you are capable to invest.

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April 10, 2023, 09:07:00 AM
 #5

The narrative of investing into bitcoin for huge profits is such a bad one that people need to stop. Although bitcoin is an asset and a great store of value but its volatility usually means needs to be careful what they bring into it. There’s no specific amount too small or big that can’t be invested in it but the problem is can you stay like years without panicking over that amount or is that amount not meant for something way too serious.

The amount meant to be invested is any amount that can be more less abandon able by the investor except maybe a sever emergency crisis the reason been that no one can tell you exactly when the bearish period might arrive and when they not be.

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April 10, 2023, 09:20:38 AM
 #6

There should be a focused or a value for investing in bitcoin, this mind set of making huge money in returns have really destroyed many people's plan towards what they thought of bitcoin would be to them after investing, many people couldn't invest at the right time which resulted them to invest at the end of bull about entering bear market and it backfires them.
This have created a negative impression towards bitcoin why some don't want to hear anything about bitcoin anymore was their ugly situation and unable to read and know the reason why they are investing into bitcoin. So if this impression was removed and focused on usefulness of bitcoin then they wouldn't have faced those consequences of falling for the bear market.
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April 10, 2023, 09:24:55 AM
 #7

Today, bitcoin is considered a very promising investment because its upside potential is superior to other assets but that does not mean it is risk-free, and the higher the return, the greater the risk. Depending on your economic situation and given the right amount to invest, you should not compare with others.
Invest only the money you can lose, that's our investment motto. You should not borrow or use your daily spending money to invest, as there is no guarantee that your bitcoin investment will yield the return your plan. If you don't have too much money to invest then start with the minimum amount and can accumulate slowly, Bitcoin is long term so don't be afraid to miss the opportunity and rush to invest.

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April 10, 2023, 09:25:14 AM
 #8

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
if they are smart the only option people should choose is only invest how much they can afford to lose. investing money that you can't afford to lose can put you in a bad financial situation. That being said, if they are willing to risk their financial security in hopes of getting profit from investing in Bitcoin, then that is on them.

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April 10, 2023, 09:25:57 AM
 #9

Mental, financial and emotional efforts should be controlled when engaging in this industry. In terms of physical efforts, obviously, there's no need to. These efforts on the other hand will be needed in order to manage the risks in this investment; prices do tend to change from time to time. One wrong decision and huge loss would be the outcome.
What you must know is that bitcoin is not a quick get rich scheme or Ponzi scheme where you invest and expected to get an increase within the limited period of time. However, if you are venturing into bitcoin it should be that you are accepting all responsibility of any lost that may occur during the process otherwise, its advisable to only invest the amount you could be able to loose without any regret. Bitcoin invest have always been a risky investment and for you to enjoy all the benefits you needs to be a risk taker for you to reap it all and it requires a long term investment not a short term.
This impression is simply what puts people or non-crypto investors at risk; they assume that making or earning profit will happen easily in this industry but in reality, there's no such thing. A proof to this, are people who were already in this industry for years but are still suffering from losses simply because there's no certainty with market price movements, and this simply affects both profit and loss so better be careful  no matter what.

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April 10, 2023, 09:28:09 AM
 #10

There is no exact number it always depends on you when it comes to investment.

Yeah for now and till this date bitcoin already proven to fight the inflation and keep maintain the price touch record high. But this still an investment you should Do Your Own Research and Do with your Own Risk + Only invest with cold money meaning only invest that you can afford to lose

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April 10, 2023, 09:46:50 AM
 #11

What you must know is that bitcoin is not a quick get rich scheme or Ponzi scheme where you invest and expected to get an increase within the limited period of time. However, if you are venturing into bitcoin it should be that you are accepting all responsibility of any lost that may occur during the process otherwise, its advisable to only invest the amount you could be able to loose without any regret. Bitcoin invest have always been a risky investment and for you to enjoy all the benefits you needs to be a risk taker for you to reap it all and it requires a long term investment not a short term.
This impression is simply what puts people or non-crypto investors at risk; they assume that making or earning profit will happen easily in this industry but in reality, there's no such thing. A proof to this, are people who were already in this industry for years but are still suffering from losses simply because there's no certainty with market price movements, and this simply affects both profit and loss so better be careful  no matter what.

There are some exceptional cases whereby the investor may decides to do DCA with this maybe he may not get trapped entirely by making lost for investing into bitcoin or crypto. I have similar people as well who doesn't focused on studying the market before jumping into investments, what they know is whenever the market starts appreciating they feels is the right time to venture without knowing that investments starts during bear market.


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April 10, 2023, 09:52:42 AM
 #12

You tell me — what's your bitcoin investment thesis in the first place? Because every single one of us has varying level of bullishness, risk-control, and different overall personal financial situation. It's like asking how much money and effort should I invest in my personal business — it's going to depend on a lot of factors.

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April 10, 2023, 09:58:22 AM
 #13

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
On first year upon knowing bitcoin you need to do big efforts to gather the informations need to know more about technical things and also the issues where it cost people to lost their money. After you know those things for sure you might insert low efforts because you can .ake money work for you especially when investing on good projects or by trading it although in trading its somehow need full attention for best result but you will not get big pressure if you are well equiped with knowledge.

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April 10, 2023, 09:59:10 AM
 #14

It depends on what you can handle. To put on a perspective, you have to believe it would rise. If you cannot wait to see the realization of your belief in Bitcoin, then it's better to stay away from it and save yourself from the stress you can incur when investing. It's better to take care of your health rather than make it harder for yourself to gain that financial stuff. That would be an exchange for life and money.

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jeraldskie11
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April 10, 2023, 10:23:06 AM
 #15

Even though Bitcoin is a very secure investment if you study how it works, you must always invest what you can afford to lose. It is applicable to all kind of investment. There are lot of investment out there where you think that project is the best of bests but in end they failed. Too good to be true kind of investment is also risky and the one that is difficult to believe are the one who became successful.

That's why no matter how realistic and profitable the project is, planning and thinking properly before deciding to invest is a must.

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Upgrade00
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April 10, 2023, 10:46:41 AM
 #16

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
That's alright. Not many people know about different investment, not many people have have the financial freedom to invest, not many people have the patience to invest to give it time to rise.

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Never invest at all cost. Investments are meant to be done within your financial limits. When you make some profits or increase your income, you can increase your investment.

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GeorgeJohn
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April 10, 2023, 10:58:14 AM
 #17

From my observation in cryptocurrency investment, the most of people who runs out patients during cryptocurrency investment especially bitcoin, are the people who doesn't know the main factors that's behind investment, or I will say that they don't know the rudiments of investment in cryptocurrency before they venture into it. In some extent many just venture into investment without knowing the guidelines, I think that's what makes some of the investors run out patients and panic whenever bitcoin is having bearish exercise, the wing investors make a profit during bitcoin  investment is during a long term investment and it happens that bitcoin experiences bullish market. So therefore for we to be hope of profits let us have the mindset of running a long term investment.

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odolvlobo
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April 10, 2023, 11:11:21 AM
 #18

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

Certainly the first and certainly not the second. Investing in Bitcoin is risky, so don't invest more than you can afford to lose. Diversification is a key component of investing, so allocate only a portion of your savings to any particular investment.


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April 10, 2023, 11:18:11 AM
 #19

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

Ok for newbie it’s understandable to ask this question but you should remember that people has different risk appetite which mean the amount that we can afford to invest without any stress varies on the total asset that we have.

Eg;
Person A has 10,000$ in the bank then investing 100$ or less will not gonna stress him in an event that he will lose to an investment compared to Person B which we assume that have a 500$ money in the bank.

This is a case to case basis and there’s no exact amount or percentage that will be suitable for everyone.

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ethereumhunter
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April 10, 2023, 11:35:29 AM
 #20

Only use the money you can afford to invest in bitcoin is the advice we always give to beginners who want to start investing in bitcoin. With bitcoin price fluctuations, they have to be patiently waiting for the price to increase so they have to be able to control their emotions when they see price movements. And now, people seem to realize that investing in bitcoin is a promising long-term investment, so they are trying to allocate funds to buy and keep it. And they also know about the risks involved in investing in bitcoins and only those who understand about mitigating or overcoming the risks can benefit in the future.

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