Rollercoaster of emotions. How to deal with?

[kryptqnick]

First of all, investing monthly sounds like a good idea because it can take some anxiety away and become a routine thing to do. Secondly, the percentage you invest should depend on the percentage of your income that doesn't go on covering monthly expenses. If, say, you have 10% left per month, you can invest half of it in Bitcoin (just to keep some money in fiat for fast use in case of unexpected expenses). But that depends on your situation, and it's important to make sure you are always left with enough to pay the bills, buy food, etc.

[1714815207]

1714815207

[1714815207]

1714815207

[1714815207]

1714815207

[1714815207]

1714815207

[ImThour]

You don't worry about your Bits everyday. You just buy them when they are low, and HODL them for upcoming years. Wait atleast 4 years before you cash them out. Just keep HODLing, that's what I am doing and that's what I want you to do. The chances to lose money by doing this is way too less as compared to doing buy/sell on every weekend after seeing a small pump or dump.

[Text]

Can you handle seeing your investment fluctuate significantly without losing sleep? If not, it's better to err on the side of caution and invest a smaller percentage. I know and have been there before, that it's easy to get caught up in FOMO, especially when you see Bitcoin skyrocketing, avoid making impulsive decisions based on hype or emotion, stick to your investment plan, and trust your research.
It's okay to start small and gradually increase your investment over time as you become more comfortable with the market dynamics and gain experience and confidence. Good luck!

[moneystery]

the answer to your question is to only invest according to your abilities using the dca method and do it in the long term. in this way, you can invest with less capital, but do it over a long period of time to achieve the profit you want. investing in this way will prevent you from looking at the charts too often, so you can focus on other things and this can reduce your stress significantly.

this kind of method has been applied by many bitcoin investors, including myself, and i can say that this kind of technique is more suitable for us investors with limited capital and who don't want to risk more in an unstable market.

[Tamaperdana]

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?
Snip

In fact, when it comes to how much money to invest in Bitcoin, everyone has different measurements regarding this. Because not everyone has the same income or salary every month. So the nominal amount of money that can be invested in Bitcoin will also vary.

However, if you want to know the safe limit percentage of how much money you should invest in Bitcoin every month, I personally like to put the income I have in Bitcoin every month at around 10%-15%^(average). Because with that amount of money, I think it would be much better.

And regarding the turbulent emotions, I think this will get used to over time. The important thing is that the money invested is really money that is not used and is ready to lose that money. That's why I decided to invest 10%-15% of my monthly salary. Because actually this money is half of the savings that I always save every month and I am ready if for example the money disappears.

[Lorence.xD]

That's more like trading than investing if you are going to look for the market all the time which can cause you to have a roller coaster feeling as you could observe the volatility changes from time to time. Most of these kinds of experiences are from newbies as they are not that familiar and experienced with investment, if you still have doubts you can start from a small amount first or use some kind of method such as the DCA method if you like to take advantage of the market.

From your post seems like you are aware of the pros and cons of investing, if you already have the knowledge but don't have enough courage to invest it might be due to you're not ready to invest financially or you are just scared, then you will have to build up your confidence without feeling pressured if you are gonna invest with that feelings, it might just cause unwise decision and calls.

[Ojima-ojo]

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?

How much tou can invest from your monthly income depends on you and what your bills are, because one of the best way to invest in Bitcoin and have the peace of mind is by only an amount you can afford to keep away for a long time.

This is what you should carry along as a mentality and you should work with that approach,  let say you can decide to hold the amount you want to keep aside in your bank as savings, so instead holding your savings in your bank account, you can choose to use that amount to invest in bitcoin.

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?

You have a point on the stress that happens with holding along with the volatilities of the price of Bitcoin, and for that one need all the motivation needed to hold firmly along the way and also practice how to DCA to achieve a successful accumulation plans

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 pat on risk more than I should.

My best and only approach is to make sure that i buy Bitcoin when the price is at a discounted price, that put you in a position that doesn't place me under pressure to sell at any time since long-term potential is better than short-term gains regardless of how volatility happens in the market.

[Getmon]

This happens to rookies who see the potential of Bitcoin investing but are scared of its unpredictability. The most secure is to consider Bitcoin a long term venture where highs and lows of its price are ordinary.

Congrats on making the initial step toward Bitcoin investing. Make certain to have effective money management to control your emotions. If you figure that what you invested is only a little, add more. Just be certain that you add more to your Bitcoin investment a sum enough for you to quit stressing over its momentary highs and lows.

[Rikafip]

How much of my monthly income should I realistically invest in Bitcoin, considering the emotional rollercoaster of the crypto market?

No one can tell you how much of your montly in come you should invest, that's entirely up to you. Standard answer is to "invest what you can afford to lose" but realistically, majority of people invest more than that.

What can I suggest you to reduce amount of stress is to stop looking at the price on the regular basis, especially if you are into it for a long term hodl. Few years ago I deleted all the price tracking apps and i have to say that it helped me immensely.  

[Dunamisx]

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?

Bitcoin is a digital currency that we must understand the reason to everything we are doing, you can choose to make an investment base on the level to how you can afford, this is not what you may do out of passion to make quick profits, but you're making it because of the realization you made in knowing how important it is to make an investment in Bitcoin after which you would have understand the benefits and risk involved.

[thecodebear]

OP. No reason to get emotional over Bitcoin.

1) Buy Bitcoin only with extra money you don't need. That way you can hold long term and have no reason to care about short term price changes.

2) Only put money into Bitcoin during the low end of the bear market to the upswing part of the market cycle and before the bull run starts. So for example this market cycle that would basically be late 2022 to probably the halving. That way you don't worry about next bear market in 2-3 years actually going lower than where you bought this market cycle. And during this buying period of the market cycle just DCA, every day or every week or whatever, but don't try to time your buys during this buying period, just buy with the same amount of money however often you decide to buy.

3) During the bull market just save your money so you have a bunch of money set aside to buy back in next market cycle once it starts getting down to what seems to be the bottom of the bear market.

4) If you're following the above rules you shouldn't have any sort of emotional rollercoaster. But another great way to stop that if you do is to stop checking the price a lot. This is a long term investment (years or decades), no reason to check the price every day or every week unless you are buying or unless you do trading.

[Dr.Bitcoin_Strange]

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.

[roller33]

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?

The thing is not that I'm not confident. I am confident and trust BTC to be my future more than any FIAT currency.

My question is more about how people deal with the big emotions of investing, or if they ever care about it.

Because after all, it is all about making more money and not losing it all, isn't it?

[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.

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

[Captain Corporate]

Even clearer answer could also be meditation. The whole point of meditation is to make sure that you are going to end up with some self control, there is really nothing that you could do to make sure that you are going to end up too emotional if you could master meditation. Its the controlling of your breathing that starts you, and then you get calmer and calmer. I use it for sleeping, I used to have a lot of trouble sleeping, now I am doing better, many people do this. I think its quite important to realize that life is not always all that fair, and sometimes you have thoughts that you can't control, but if you can work on it, you could keep them in control a lot easier, it just takes a bit of practice.

[Nrcewker]

I don’t get it mate why you taking stress about Bitcoins. Bitcoins are for long term investment only. If you want to get noticeable profit, then invest in the coin for atleast 4 years and then think of cashing it out. If you are someone who wants quick profit then Bitcoins aren’t for you I must say. Moreover if Bitcoins price goes down, then instead of panicking think this as an opportunity and buy it. Show trust in Bitcoins, and in return you will definitely get more profits than expected.

[kentrolla]

Do one thing, just keep aside a part of your salary even if it's 5% or 10% as monthly investment for Bitcoin by this way you will always be one safer zone because you will be buying Bitcoin throughout the year be it bear market or bull market which reduces your level of risk and moreover set a target like 3 years or 4 year like Fixed deposit and don't withdraw it before that else you may set up a Bitcoin price target post which you can withdraw incase if Bitcoin hits that target. I would say you shouldn't be worried much about Bitcoin investment because it's not like Altcoins where you risk it all and if you are investing only a part of your salary as mentioned above you will not feel like investing huge amount but it would eventually accumulate on a bigger amount.

[CryptopreneurBrainboss]

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.

Out of my head without thinking much I'll say 10%, 10% set aside monthly to invest in Bitcoin won't disturb your finances and you'll still have enough to handle other bills and live comfortably but then again, I don't know how much you earn monthly so the question goes back to you, how much will you be willing to risk monthly to DCA into Bitcoin and won't get bothered with the market movements.

If you answer that with an amount then that's what you should be using to buy Bitcoin. After doing it for sometime and you get more comfortable with the market you can increase your purchasing amount or if you're not still confirmable, you should reduce the amount until you get to a point that you won't be concerned about what's happening to your invested money for now.

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?

You have a problem, that's you're getting attached to your money too much and that's why you're monitoring the market, Do understand that you have invested the money and not looking to make profits in the next couple of minutes so you shouldn't be concerned about the price movement of the market until it's time when you planned to cashout your investments. Reduced your capital to amount that you can throw away for couples of drinks and you won't be moved, as I said, invest small and increase your capital as you get more comfortable with the market because you'll definitely get comfortable with more experience.

[tygeade]

the answer to your question is to only invest according to your abilities using the dca method and do it in the long term. in this way, you can invest with less capital, but do it over a long period of time to achieve the profit you want. investing in this way will prevent you from looking at the charts too often, so you can focus on other things and this can reduce your stress significantly.

this kind of method has been applied by many bitcoin investors, including myself, and i can say that this kind of technique is more suitable for us investors with limited capital and who don't want to risk more in an unstable market.

That is definitely the case, it would allow everyone to have something more decent, and less risk for sure. If you do DCA then drops are not scary but opportunity and if you could make it seem like that, then you are going to get better when it goes up. So, you do not have two option of losing or winning, you have two options of accumulating or winning, and that makes things a lot better.

Many people avoid that mindset and that causes a lot of trouble, I believe that you should definitely consider that as an option. I know that it is not going to end up with a great return, we should consider DCA as a way to make as much profit as possible, the return is not all that crazy when it is not moving, but when it starts moving the return becomes huge.

[Ojima-ojo]

Make use of only an amount you can set aside for a long time to buy Bitcoin so as not to be under any pressure when the market goes against your prediction of the market for a long while before you reach your set time frame for accumulation, Bitcoin investment must be done with the right mindset and stable allocation that disallow any form of pressure to sell at whatever time that is out of your investment plans.

For a start, you can set aside 10 to 30% of your total income every month and as time goes on you can then increase that amount to a new percentage in your income and also try to hold for at least a space of 2 years before you think of selling your assets.