brawdias
Newbie
- Apr 20, 2018
- 36
- 2
First you have to know how much you need for surviving, and see if you can cut some extras. Imagine that you spend $25 a week with useless junk food. This is $100 a month, $1200 a year.
Lets use $1200 as your yearly investment
If the BTC prices are at all time low = good time to buy. Close to all time high = don't buy
Secondly, dont think you are going to trade a lot and then hold untill you have 50% of profit
You should see from the charts when the risk is lower, prices moved last week from $6900 to $7700 in just a couple hours. Now it's at 8,505.48. So be smart and spread your investments, buying at different times, so you should be able to return your losses the next time you buy. So don't buy 1.2k at one time !!
Basically think about going steady and little by little.
For curiosity: prices moved up about 1% while writing this !
Lets use $1200 as your yearly investment
If the BTC prices are at all time low = good time to buy. Close to all time high = don't buy
Secondly, dont think you are going to trade a lot and then hold untill you have 50% of profit
You should see from the charts when the risk is lower, prices moved last week from $6900 to $7700 in just a couple hours. Now it's at 8,505.48. So be smart and spread your investments, buying at different times, so you should be able to return your losses the next time you buy. So don't buy 1.2k at one time !!
Basically think about going steady and little by little.
For curiosity: prices moved up about 1% while writing this !
