Rollercoaster of emotions. How to deal with?

[redsun114]

No one can tell you how much of your income you should invest in Bitcoin each month, it's your money, you are the one who manages the expenses and makes the monthly budget, so it's only you who can decide such things. And, once you decide that, you need to think it through and make up your mind whether you want to invest for the short term or the long term because the concerns you have should be present when you are investing for the short term.

Someone who intends to invest in Bitcoin for the long term shouldn't worry about frequent ups and downs and market volatility if they have some knowledge about the market and know that the market, specifically Bitcoin, moves in a cycle which means that short-term ups and downs don't affect the overall price at the end of the cycle.

[Ziskinberg]

I understand your worries and fears towards your first bitcoin investment because everyone has been in your shoe. But to be honest, if you are not ready to lose, then don’t decide to invest. Bitcoin investment has a higher risk l, so if you think you’re not yet ready on it, then don’t invest. However, if you are really motivated to start investing, always invest with the amount you can afford to lose. It could be 3%-5% of your monthly income, that’s already up to you as long as you won’t regret losing your capital.

[Finestream]

Bitcoin investment due to its high volatility will make you experience a roller coaster ride, and if you’re weak and easily fainted, you will not survive this type of investment. However, the only way so you won’t fall into a much roller coaster experience is to only invest what you are comfortable of losing. Don’t invest on a huge basis because  that will surely frustrate you if ever you lose them all. But invest in a small amount of capital as losing will never be much an issue for you.

One thing also, if you invest with full of emotions, you will really find it hard to overcome the risk and last longer in  your investment. So learn to lessen your emotions involved so you won’t compromise your decision making.

[Natalim]

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?

Go for 1% of your net income, I think that is reasonable enough but if you can go for 5% that is even better.
Honestly, it is only you who could decide the amount to spend on this stuff but for me, 1% is good enough. Of course, we can think that amount is quite small but doing this consistently monthly that be soon big. That really matters in your income because even if you have a huge monthly or daily income, I don't encourage you to put everything on crypto, you know the risk for sure.

[acener]

If you don't know how to handle your income or salary why not try the 50/30/20.
50% for your needs like utility, bills, food, 30 for your want a percentage of your income to spoil yourself eat at your favorite restaurant or buy something for yourself, 20% for your investment or debt.

[Jegileman]

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?

You can invest your monthly income as much as you can if you’ve made up your mind not to touch them after investment and have decided to invest what you can afford to keep for the long term. You’re not investing in bitcoin with money you can afford to lose because if you’ve such mindset, you’ve derailed from bitcoin investment and you won’t get what you want at the end of the day. Bitcoin investment when invested as it should be, you’ll benefit from it later.

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?

This is a normal feeling to many bitcoin enthusiasts or investors, it just differs how everyone feel theirs and how everyone have built their mind to have resistance to such changes in the market after their investment. The best way you can still balance your investment percentage is by investing what you can afford to keep without touching for the long term until you’ve benefited from the investment. Bitcoin investment is a safe haven amongst other crypto assets, so you need not to worry how long the investment takes, you’ll benefit from it as long as you remain patient for the investment to grow

[Assface16678]

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.

Yes we fet your point bitcoin is for long term but still I think its exaggerated that the OP should wait for 4 years?! We know that not all of us has the luxury of waiting for too long in our investment as we all have our own needs that's why he is investing, I think the proper advise is that he should learn how to manage his investment in a sense that some of his asset should stay long term or holding for long term for more efficient and bigger profit but also he should allocate holdings that he can exit or convert as kong as he sees a profit, its depends on how will the OP will manage his investment, where he will place his trade or what price will he buy bitcoin, there's a lot to be considered in investing in bitcoin its not all about buying and selling assets. In short proper investment management, knowledge and analysis is need for bitcoin investment any kind holding, trading and etc

[oktana]

My advice on this has always been to invest an amount you can afford to lose. Now, I don’t think it’s possible for you to invest an amount you can afford to lose and still have all of that fear or anxiousness when watching the market go up and down. Don’t try to rush making money of Bitcoin or any cryptocurrency. Invest a little amount you won’t cry over, and then you can gradually invest more small amounts (DCA). One day you’ll notice that it had turned to a lot of money but the whole time, you didn’t feel like you were really putting a lot of money.

[panganib999]

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.

How much of your monthly income are you willing to put on the line really? That's the answer to your question. We can give out a number here and if you're not comfortable with that you wouldn't be. After all we all have different propensities and capacities for risks. Some people will be willing to take 50% of their entire income in investing, some will be okay with just 10 or 15, some wouldn't be bothered to invest at all cause they feel like they don't have enough money for it. The answer lies within you, if you wanna know how much you'll be able to put on the line, think about how much money you'd be willing to invest without it putting you in this roller coaster of emotions.

The thing about crypto is regardless of what coin you invest in, as long as you play your cards right and you don't go out investing on every "next bitcoin" cryptocurrency on the market you'd still get some sweet-sweet gains, and as long as you have a budget for everything that you strictly follow I say you have a great chance at succeeding. Just once again, figure out how much of your monthly income you'd be willing to not see for a while as you put it into work.

[BTC_Dragon]

The answer is to only invest what you're willing to lose, OP. BTC is inevitably going to go up over time; it's a long run, big picture deal. You need to sort out how much of your income you're willing to throw into BTC on a regular basis; DCA and you'll come out ahead.

[GreatArkansas]

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?
(....)

In my own opinion, I don't advise that you need to invest monthly and get money from your income, what I can highly suggest is to invest money that is your extra money, don't use the money that you know you will needed in shortly because we all know how volatile the market is.
So using a money that you will not needed and not too much for you and you are afford to lose it is the best!

[Davidvictorson]

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.

The story of my life: I was once a "newbie" investor, standing at the same spot with the same feelings several years ago. Psychologically, to extricate oneself from the rollercoaster of emotions, it is crucial to recognize that the fear of missing out on potential gains in Bitcoin is merely an irrational thought that can lead to impulsive buying and selling. As we say in my country to anyone feeling anxious, take a chill pill. Stay unbothered and remain resolutely committed to holding your Bitcoin. Disconnect from anyone advising you to sell as a way to cope with emotions.

[deathcode]

My advice on this has always been to invest an amount you can afford to lose. Now, I don’t think it’s possible for you to invest an amount you can afford to lose and still have all of that fear or anxiousness when watching the market go up and down. Don’t try to rush making money of Bitcoin or any cryptocurrency. Invest a little amount you won’t cry over, and then you can gradually invest more small amounts (DCA). One day you’ll notice that it had turned to a lot of money but the whole time, you didn’t feel like you were really putting a lot of money.

Yes, this method is quite effective for those who want to invest in the long term. it's like people saving in the bank, setting aside a little of what they earn for future needs.
But still, always use money that you are unlikely to use within a certain period of time in your long-term investment planning. because market situations and a person's economic conditions can change very quickly.

[LogitechMouse]

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?

This is very hard to answer TBH because there are different factors to consider with this one.
I can say that you should invest 500$ of your monthly income, but do you have a monthly income of more than that amount? I can say 100$, but is that enough for you already know that you are earning 5 figures every month? Your monthly income, risk appetite, etc. I can't speak for you about this because you might be richer than many people here. I will just share my experience that every month, I'm allotting 100$ of my monthly salary to invest in different assets (crypto, stocks, bonds).

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?

What's your purpose in investing in the crypto market? Long-term or short-term?

If you're investing for the short-term then it's stressful to watch because one day you can see the crypto that you bought up 5% for the day, but the next day it will go down 5% or even more. Deal with it if you are a short-term investor. Now if you're a long-term investor, you don't need to watch the market because it's kind of useless.

I'm a long-term investor, and yes I'm still looking at the market daily, but I'm not affected by the short pumps and dumps that are happening with the crypto market. I learned already how to not get affected by this, and only focus on my long-term targets. I'm just looking on the market so I keep myself updated on what's happening in the crypto world. There's no sweet spot, and you will get overwhelmed at first, but over time, you will learn not to. I also felt that one when I was starting, but what I did was I kept on learning, and learning.

[God bless u]

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.

[Blitzboy]

After years in this game, I can say that bitcoin thrive. But how much to invest? Its a balance of guts and wisdom. Whats my risk tolerance? Can I afford to lose much without sleeping? I never invest more than 50% of my monthly income in Bitcoin. Thus, I play without betting the farm.

What about that emotional rollercoaster? Its real, and its intense. However, if you're worried about market volatility, you're probably overinvested. Investing should be exciting, not scary. I learnt to view financial decisions as a strategic game rather than a gamble. Be informed, but dont obsess over everyday changes.

Finally, strategy. Great to see Bitcoin support. Diversify. Never put all your crypto eggs in one basket. Divide your investments among assets. This reduces danger and balances your view. Bitcoin is a marathon, not a sprint. Maintain a long-term investment strategy and ignore short-term volatility.

[Hewlet]

How do I balance a smart investment percentage without getting overwhelmed by the market's volatility?

this question has been asked a lot of time and at this point I will choose to agree that we not being truthful to ourselves. We all know how much we are earning and we understand how much we can afford to use for an investment that will still give us the leverage of living comfortably.

Understand that when it comes to the amount you should use in making any investment, it shouldn't seem like their is anything too special because you are investing in bitcoin, take it that you are buying a known asset like land that you know that within two years, it value will appreciate. How much of your savings would you comfortably put into purchasing that land? You know that the price of that land you're buying won't just appreciate like that and what you need do is to spend an amount that wont keep you hungry after making the purchase.

It's as simple as that when you intend buying or holding your bitcoin, buy what you financial strength can carry.

[Kelvinid]

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.

Tried to keep calm and never check your portfolio every day. I will tell you OP that emotions can be triggered if you keep checking your investment, it will bother you too much and make you think negatively instead, of focusing on holding. The market is naturally will pump and pump, don't get too attached within and stop being too emotional because that will lead to making wrong decisions and panic selling. That is why investing in crypto needs patience, courage, and of course, trust. If we are investing in usable projects then we have nothing to worry about, might it dump today but certainly be rising back again.

[peter0425]

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.

first here mate is how much are you earning monthly , and how much the amount you can really risk and forget for such a time ?
because that will evaluate how much you are willing to invest here , remember that the money should be the funds you can risk or at least can let go for some years because this market is hardly to grow in just a year time.

[Pandji02]

I prefer just not to watch too much news and not to open my wallet too many times when I'm not planning to buy or sell something. Not Bitcoin, of course, I'm planning to hold it for many years to come, this is why I'm not too bothered about short-term fluctuations.