$BTC
How to cope with Bitcoin volatility?🤒
Volatility is an integral part of Bitcoin. Here are simple yet powerful strategies to deal with it:
Smart, unemotional investing
•Only use money you can afford to lose
•Don't put all your eggs in one basket
Small bucket strategy
•Invest small amounts regularly
•Buy during ups and downs - don't try to predict the market
Think like a visionary
•Focus on the long-term future (5-10 years)
•Ignore daily media noise
Protect your investment
•Store most of your coins in a secure wallet
•Leave only a small amount on trading platforms
Stay calm
•Stop checking the price every minute
•Read about the technology instead of following prices
Always remember:
Big profits don't come without volatility. Every dip is an opportunity, and every rise is a test of patience.
These strategies will help you stay when others are fearful, and take advantage when others hesitate.🫡🫡