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Profitable Bitcoin Investment – That’s why I’m going to share my experience and give you advice on how much you should invest in Bitcoin and guide you on how to make the process of getting started easier.
Note: In this guide, I consider Bitcoin and other cryptocurrencies as the same type of asset because I believe in cryptocurrencies in general – not just Bitcoin.
Profitable Bitcoin Investment
How to invest in Bitcoin? You should invest somewhere around 5% to 30% of your investment capital in Bitcoin. I think 5% is very safe and 30% is quite risky. Personally, I stay between 15% and 50% most of the time.
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This is because I have experience in the game (former professional poker player) and I am particularly comfortable losing money. I do not recommend anyone to invest 50% or more.
In the end, the decision is yours. And while it depends on market factors, it also depends on personal factors like your risk tolerance and the amount of money you can afford to lose.
If you are still afraid to invest your first Bitcoins, follow these tips that will help you get started without difficulty:
Now let’s see my cryptocurrency tips and specifically 5 factors you should consider when deciding how much to invest in Bitcoin and the best way to invest in Bitcoin.
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So when thinking about how much you should invest in Bitcoin, think about an amount you are comfortable losing completely.
If the answer to any of these questions is also “maybe yes”, you need to subtract the amount you have in mind and ask the same questions again. If you are not sure of your answer, ask your friends and family.
Investors who invest too much money will also be tempted to “panic sell” at a loss. Selling at a loss can sometimes be the right decision, but only if the decision is rational – not emotional.
Although it may seem like stupid advice at first, think about this: if you invest an amount that can be very emotional for you when you lose it, what if you x20 your money?
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This happened to many investors in late 2017 when cryptocurrency was on the rise. They became millionaires because they made the (bad) decision to invest their life savings.
But if they were too greedy to be reasonable about their investment, do you think they sold their positions and took their profits? No, so this is not the best way to invest in Bitcoin. Most of them are back where they were during the 2018 market crash.
So, once again, think about the amount you plan to invest. How will you behave if it is worth 20 times the initial value in a year?
So how do you invest in Bitcoin? Once again, investing an amount that you feel emotionally detached from is key, whether your assets go up or down. It will make you a solid investor who will lose less money when the market goes down and profit more when it goes up.
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I bet you heard a lot more about cryptocurrencies when the price of Bitcoin was rising, instead of when it was falling or stabilizing. This is because people and the media have a natural tendency to follow existing trends.
But did you know that the cryptocurrency market consists of repeated market cycles? These market cycles often last 1 to 2 years. Prices rise rapidly, creating bubbles. BIG bubbles. And then, these bubbles badly burst.
This is why timing is crucial in cryptocurrencies. It can completely change your trip and the way you see it.
As a result, when deciding how much you should invest in Bitcoin, look at where we are now in these market cycles and find the best way to invest in Bitcoin.
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To find out this information, open the CoinMarketCap global market chart. Look carefully and answer the following questions:
The closer we are to the high of the market in terms of price and time, the less you want to invest. On the other hand, if the current price is $5,000 and the highest price was $20,000 two years ago, then it must be a better time to invest in Bitcoin now.
Make no mistake: even though we’re in the middle of a bull run, it’s not a bad idea to invest money in cryptocurrency now, because you’re going to get started. Timing should just change your entry approach and decrease/increase the amount you originally had in mind.
I have never seen a cryptocurrency investor say “Invest $X in cryptocurrency” and stick to their words. People change their minds by nature, even more so when faced with an ever-evolving market.
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So, before you make a final decision about how much to invest in Bitcoin, leave room to change your mind in the future. The easiest way to do this is to spread your investment over time. Look at the amount you have in mind and invest in the next 3, 6 or 12 months.
Let’s say you want to invest $12,000 over the next 12 months. But the market is currently near an all-time high. Instead of investing $1,000 each month, you can adjust the amount to start with $400 per month and invest more to compensate when prices drop and that’s how you can invest in Bitcoin.
Diversification is a technique that every mature investor uses to reduce the importance of luck. It means that you will not only invest in cryptocurrencies, but also allocate the capital to different investment vehicles such as real estate, stocks, gold.
All in all, don’t put all your eggs in the cryptocurrency basket. It would be like playing martingale roulette. You will win, and you will win, and you will win, but when you lose, you lose everything.
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We recommend trying a few different exchanges, as people have proven to have different tastes when it comes to investing in cryptocurrencies.
However, here are the best exchanges that we recommend you start using today if you haven’t already.
For more information on these cryptocurrency exchanges, check out our full article: The 5 Best Ways to Buy Bitcoin
There is no minimum amount of Bitcoin you need to buy to get started. The only minimum is the one set by the platform on which you will invest your first Bitcoins. For example, Coinbase allows the minimum investment in Bitcoin from $2.
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However, we do not recommend buying a small amount of Bitcoin, as exchanges charge fees for buying, selling and transferring cryptocurrencies. These fees will quickly destroy your investment if you decide to choose the minimum investment.
Collectively, we have over 25 years of experience in the crypto world and we are all passionate about guiding people through the complex world of crypto investing. Investments have become extremely paramount today. Everyone is willing to invest some amount so that they can save some money for the future and get good returns in the long run. If you want to earn massive returns on your investment, there is no better option than bitcoin. Bitcoin is the most valuable and popular digital currency. Its popularity is increasing day by day and with the increase in popularity, its value will also increase. Before investing in bitcoins, there are some important tips that you should keep in mind. Visit bitql to get good profits by trading bitcoin.
Bitcoin is a volatile cryptocurrency, which is the main reason why it also makes it a risky investment. It is impossible to predict whether your investment in bitcoins will give good returns or not. So, you should be careful and invest only that amount in bitcoin, which you can easily afford to lose. Some new investors invest a large amount of money in bitcoins with the aim of making massive profits, which is a big mistake. The bitcoin market is full of risks and uncertainties, and investing a large amount is a gamble you should stay away from. You must have a fixed budget before making an investment in bitcoin and only invest an amount that you can easily lose.
The more you invest in bitcoins, the more losses you can face. So you should keep this in mind while making an investment in bitcoin and invest smartly. If you invest a small amount of money at the beginning, you will expose yourself to minimize the risks and even if things go wrong, you will suffer minimal losses. There is no minimum or maximum investment limit, but you need to know your budget needs and invest accordingly.
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Bitcoin is the most popular cryptocurrency and there are many rumors about it in the market that keep changing. So, if you want to become a successful Bitcoin investor and earn massive profits, you should stay away from rumors and never take a decision based on hype or any market news. Hype keeps changing, and if you invest based on it, more often than not, you will end up making wrong decisions and facing huge losses. The bitcoin market can crash or rise at any time, so you should focus on thorough analysis
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