Rollercoaster of emotions. How to deal with?

[roller33]

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.

[Kakmakr]

This is the same for all "newbie" investors in Bitcoin, because they are too excited to be invested in a technology that are very different than any other investment option out there. My best advice for you are to invest what you can and also to ignore the short term volatility.

Bitcoin can be used as a "Currency" or as a speculative "Commodity"... so if you use it as a currency, then low volatility should not matter too much, because you spend the bitcoins when the price increase... on the other hand.. buying and hoarding Bitcoin as a commodity, should be seen as a long-term investment... where you ignore short-term volatility in the price.

[Despairo]

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.

How it's even make sense to invest more when you're not even confident with the current money you've invested?

Only invest what you can afford to lose, if you feel an emotion, it's better to reduce the amount you invested. If you still worried, it's better if you learn about Bitcoin and find a good reason to trust it.

What if you've reduce the invested amount, learn about Bitcoin and still not convinced in Bitcoin? that means you shouldn't invest in Bitcoin.

[hd49728]

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.

To invest in Bitcoin successfully, you must understand both sides of it: chance to gain profit and risk to get loss.

So risk and profit comes together, you have to manage your capital cleverly enough to make sure if you get loss, your life won't be broken by your investment in Bitcoin.

You must invest what you can accept to lose.

You should never invest all money you have to avoid broken life. It also helps you to have money for life, emergent situations and you will not have to sell your coins anytime you fall into such situations with empty hands, no cash in hands.

[franky1]

first thing to keep in mind. if you have no intention to sell every month. there is no need to be watching the price daily
so stop watching the prices daily

you have already admitted to wanting to invest monthly so just concentrate on when to buy, dont watch the price for when to sell

as for how much to invest
dont invest more than you need to live on

set a budget
open a spreadsheet and input how much income you get.
write out all your essential bills. and then write out all your other expenses.
calculate how much you can live on if you deduct out some wasteful spending to then have some spare income
this spare income which would have just been wasted is what you would invest

as for idea's like DCA.
people investing in fiat plans like pensions do DCA because they deposit into a fund manager and that fund manager does the hard part of looking at a group of investments for the one that has the lowest market price for the year, and invest most in the low's and less in the highs
(the practice of buy low sell high)
so look at a bunch of investments that have proven longevity and utility. and then look at which ones you should invest most in and which ones to invest least in

many PoS coins are speculated way too high in premium price above their means. they cost only a few dollars to mint new coins but speculate too high on the markets (ethereum costs only $50 to mine new ether at hardware+electric cost but speculates above $2000)

bitcoin however has more market potential to grow. in some island area's of the pacific (japan/hawaii) bitcoin mining cost is above $140k per btc so the market has alot of potential growth of people willing to buy over say $120k as its still cheaper than mining. bitcoins efficient mining cost is $25k
so the window of
bitcoin
   $25k                    $140k
||||||||||||||||||||||||||||
         ^
ethereum
$50                        $4.6k
|||||||||||||||||||||||||||
              ^

so figure out the mining/minting costs of cryptos (their most efficient($0.04/kwh) and least efficient($0.50/kwh)* mining/minting equipment cost)
then look at where the current market price is within those windows of speculation, and invest more in the ones with alot more market potential for growth using sound logic of mining/minting costs

[Hewlet]

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.

the question you should ask yourself is, how much of my monthly income can I invest into bitcoin that will give me rest of mind for a stipulated period of time?

If you're able to answer that question, then you will make the best investment choice ever. I understand that the hype could be very encouraging while the recent downside volatility bitcoin has experienced might seem a bit discouraging but you've got to just invest an amount that you can leave for a while and keep doing your job while you do a regular check on the market ones in a while to know the change in the price of btc.

[Hatchy]

 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.

First, decide if you're in it for the long term or short term. Based on what you've mentioned, it seems like you're keeping an eye on the market, which aligns more with a short-term approach. If you're aiming for the long term, there's no need to constantly monitor the market to avoid fear of uncertainty (FUD), which I think you are already experiencing.
Long-term investors focus on accumulating Bitcoin over time and worry less about market fluctuations. Personally, I haven't checked the Bitcoin market for days, and I just woke up to find it crossed the $45,000 mark. This illustrates that as a long term holder, occasional price checks are sufficient, reducing the need for constant monitoring.

 If you're considering investing, only invest what you can afford to lose, given the market's volatility.just watch the market less often and you will see the sweet spot about investing in Bitcoin

[elevates]

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?

Do not force yourself into the situation of fear of missing out. First, be confident with your existing investment and create a strategy for future investment. The recommended approach is to use Dollar-Cost Averaging (DCA). Determine a set amount and invest that amount regularly until your investment in Bitcoin reaches a particular goal. Bitcoin is here to stay, do not worry about your past, work on the present and you will have a bright future.

[EluguHcman]

It is Very much interesting that you know the potentials of the Bitcoin markets volatilities.
There wouldn't be an affirmed fix amount anyone would ask you to Invest on from your incomes. You know better how much your income is but here what is paramount and best advisable is that you should start your investment with a minimum amount of fund you can afford to tolerate with the fluctuations nature just as you are being aware.
Hence I would say you are not going to loose your funds as long you are well responsible and careful to keep your private key phrases safe rather you only need the ability to tolerate at when then market price goes contrarily against your will and you can only achieve a bat by investing with a tolerable amount of capital.
So, it is best known to you to figure what your income is and how much you can afford as a gambling of gambling.

[Poker Player]

What you can't do is start investing in Bitcoin without a wealth building plan and make the mistakes that many people make, such as investing money that they may need in the short or medium term and having to sell in a market downturn because they need the money at that moment.

Worry about controlling income and expenses and make sure you can save each month. Then save an emergency fund and get rid of consumer debt. That's when you can safely start investing in Bitcoin and you will be less affected by market swings because you will have more financial peace of mind.

[franky1]

What you can't do is start investing in Bitcoin without a wealth building plan and make the mistakes that many people make, such as investing money that they may need in the short or medium term and having to sell in a market downturn because they need the money at that moment.

Worry about controlling income and expenses and make sure you can save each month. Then save an emergency fund and get rid of consumer debt. That's when you can safely start investing

^sounds like dave ramsey plan

[kotajikikox]

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?

20-30% of your monthly income or the amount you can afford to not to think for years that is helpful i think.

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?

so never watch the market , put I potential target and let emotion have you mate.

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.

We manage our balance to never expect so much , instead we are contented looking to potential earning of at least 30-50% .

[btc78]

I can not possibly tell you how much should you invest from your monthly income i mean i do not know your monthly expenses do you have a family that you are providing for? Any kids or no kids? Are you paying off any loan? It is a complicated question

If you are unsure of the amount you should put in into investment then just do not put that amount if you put too much of an amount you might scare yourself and be easily swayed once FOMO hits it’s either you get over the uneasy feeling of investing your money in order for you to invest with how much you want it to be or you settle for the amount of money you are only comfortable with putting out i do not think there is anything wrong with either one but of course the first situation guarantees more profit however the second situation also helps you to not recklessly put out money

[Yamane_Keto]

You should not follow prices on a daily or weekly basis. Make your thinking over several years, and then short-term fluctuations will not be a problem for you. If the price decreases, this means more opportunities to buy Bitcoin at a cheaper price, or use DCA in order to simplify investment for you.

Invest any surplus amount you have and allocate, for example, the profits from freelancing, your extra time, or any profits that you do not need in your daily life to buy more, and after several months you will notice the change.

[michellee]

Before investing in Bitcoin, you must calculate your income and expenses. You will know how much money you still have left from the results you get. From the remaining money, you can decide how much money you can use to invest in Bitcoin.

When you have a certain amount of money you can invest in Bitcoin, you don't think about the ups and downs of the ever-changing market. You can use the DCA method to invest in Bitcoin to be calmer against ever-changing market conditions. You won't panic if the price of Bitcoin decreases because you already have a schedule for investing in Bitcoin, and it does not depend on what the price of Bitcoin is in the market.

If you can only invest in Bitcoin using $20 every week or $50-$100 every month, you can use DCA to invest in Bitcoin regularly. That already prevents you from thinking about Bitcoin price changes. You can also focus on your life because your investment in Bitcoin is still going according to plan.

[Sim_card]

OP, you should only invest with the amount of money that you wouldn't need for a long time, this is why you must consider investing in a long term so that you can be able to grow your bitcoin portfolio to a significant amount. As for the amount to invest with, you can use 10%from your weekly or monthly income to invest in bitcoin, so that you can buy bitcoin frequently with that amount, but it should be based on your monthly income. DCA is the best way to accumulate bitcoin because you are buying frequently irrespect of the price of bitcoin at that moment. It also make your bitcoin purchase at ease with you and you can have time to plan your income for other investments too. Make sure that you have an emergency funds available and reserve funds so that if any expenses arises you can solve it. Have a bitcoin target so that you will only concentrate on meeting up with your target by DCAing regularly and this will make you not have time to get carried away with the little fluctuations in bitcoin price. A long term investment will lower the risk in bitcoin and will make you to be able to control your emotions if you are using DCA.

[rodskee]

Emotion must not taKe place when you invest in bitcoin because this market is only for
tough and capable of risking and not the drama way of life because you will only lose here and will
never gain if that is your behavior .

You should not follow prices on a daily or weekly basis. Make your thinking over several years, and then short-term fluctuations will not be a problem for you. If the price decreases, this means more opportunities to buy Bitcoin at a cheaper price, or use DCA in order to simplify investment for you.

Invest any surplus amount you have and allocate, for example, the profits from freelancing, your extra time, or any profits that you do not need in your daily life to buy more, and after several months you will notice the change.

or maybe he needs to close her eyes for a while to not see how much the market changes
because that is the reason why he will change his emotions like rollercoaster ,

[Outhue]

Coming from a once crypto newbie, you will easily be consumed by emotions in crypto if you have no source of income, you will be less vulnerable to emotions if you are making money, mistakes will be easily corrected and you will be able to take risks without much worries.

Since you are investing in Bitcoin you are less consumed by stress of doing research like those who likes alternative coins, Bitcoin is far better than others and the only way you can still be emotional is you risking what you can't afford to lose, and this always happen when the investor is jobless.

[Natsuu]

Coming from a once crypto newbie, you will easily be consumed by emotions in crypto if you have no source of income, you will be less vulnerable to emotions if you are making money, mistakes will be easily corrected and you will be able to take risks without much worries.

Since you are investing in Bitcoin you are less consumed by stress of doing research like those who likes alternative coins, Bitcoin is far better than others and the only way you can still be emotional is you risking what you can't afford to lose, and this always happen when the investor is jobless.

Right. It's true that having a stable source of income can provide a sense of security in crypto investing. While Bitcoin is often considered a safer option, emotional decisions can still arise when risking more than one can afford to lose. we should still approach any investment with careful consideration and a balanced mindset.

[sunsilk]

I'd like to say just do not invest. And that is because you are complicating things to us wherein fact that you are also confused but you understand everything.  You want to invest but you do not want, so it is like that.

And for you to have more confidence in investing if you decided to continue then start with 5% of that amount you are saying so that you wont have issues to yourself whenever you cannot feel the fluctuations.