{"id":1498,"date":"2018-08-07T16:48:21","date_gmt":"2018-08-07T16:48:21","guid":{"rendered":"https:\/\/cryptocurrencykb.com\/?p=1498"},"modified":"2019-05-22T21:19:42","modified_gmt":"2019-05-23T02:19:42","slug":"7-tips-to-avoid-stress-while-investing-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/","title":{"rendered":"7 Tips To Avoid Cryptocurrency Stress While Investing in Crypto"},"content":{"rendered":"<input type=\"hidden\" value=\"\" data-essbisPostContainer=\"\" data-essbisPostUrl=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/\" data-essbisPostTitle=\"7 Tips To Avoid Cryptocurrency Stress While Investing in Crypto\" data-essbisHoverContainer=\"\"><p>Cryptocurrency stress is a real thing. Continually worrying about price fluctuations will drive you insane. And not only that, but stress can have an adverse affect on your mental and physical health. So if you aren&#8217;t a day trader, scalper, or swing trader then I&#8217;ve created these tips to help make investing in cryptocurrency a stress-free endeavor. <!--more--><\/p>\n<p>&nbsp;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6637048f71107\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6637048f71107\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#1_Dont_Invest_More_Than_You_Are_Willing_To_Lose\" title=\"1. Don&#8217;t Invest More Than You Are Willing To Lose\">1. Don&#8217;t Invest More Than You Are Willing To Lose<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#2_Stop_Checking_Prices\" title=\"2. Stop Checking Prices\">2. Stop Checking Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#3_Dont_Go_All_In_On_One_Coin\" title=\"3. Don&#8217;t Go All In On One Coin\">3. Don&#8217;t Go All In On One Coin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#4_Consider_Reblancing\" title=\"4. Consider Reblancing\">4. Consider Reblancing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#5_Consider_Holding_For_A_Year_Or_More\" title=\"5. Consider Holding For A Year Or More\">5. Consider Holding For A Year Or More<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#6_Pull_Out_Your_Initial_Investment\" title=\"6. Pull Out Your Initial Investment\">6. Pull Out Your Initial Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/#7_Consider_Buying_High-Cap_Coins\" title=\"7. Consider Buying High-Cap Coins\">7. Consider Buying High-Cap Coins<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Dont_Invest_More_Than_You_Are_Willing_To_Lose\"><\/span>1. Don&#8217;t Invest More Than You Are Willing To Lose<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is absolutely the most important piece of advice that I can give you. Go ahead and imagine the money you have invested in cryptocurrency is as good as gone. If you treat it as if it is already gone then, if you actually do lose it, you will be way better prepared to handle the loss.<\/p>\n<p>If you think this isn&#8217;t possible, this can and does happen. I know because it happened to me. <a title=\"\" href=\"https:\/\/cryptocurrencykb.com\/the-most-important-cryptocurrency-advice-you-will-ever-read\/\">Read my story here.<\/a> I&#8217;ve also read stories of people mortgaging their houses to invest in crypto only to lose almost all of their money. Don&#8217;t put yourself in a position where it will cause cryptocurrency stress if you lose your money.<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-3530\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Spend-20-Dollars-At-The-Grocery-Store-Vs-Spending-2000-On-Crypo-Memes.jpg\" alt=\"Spend 20 Dollars At The Grocery Store Vs Spending 2000 On Crypocurrency Stress\" width=\"500\" height=\"500\" srcset=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Spend-20-Dollars-At-The-Grocery-Store-Vs-Spending-2000-On-Crypo-Memes.jpg 650w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Spend-20-Dollars-At-The-Grocery-Store-Vs-Spending-2000-On-Crypo-Memes-150x150.jpg 150w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Spend-20-Dollars-At-The-Grocery-Store-Vs-Spending-2000-On-Crypo-Memes-300x300.jpg 300w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Spend-20-Dollars-At-The-Grocery-Store-Vs-Spending-2000-On-Crypo-Memes-60x60.jpg 60w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Stop_Checking_Prices\"><\/span>2. Stop Checking Prices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The cryptocurrency market is super volatile. The price fluctuations can be a roller coaster ride. If you feel the slightest bit of stress when checking prices then you need to stop. Try to set some limits. Maybe that&#8217;s checking prices only once every two weeks or once a month. You may even need to delete the price checker or portfolio app from your phone completely. This is probably one of the biggest things you can do to control cryptocurrency stress.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3532 size-full\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Before-Crypto-After-Crypto-Memes.jpg\" alt=\"Before Crypto After Cryptocurrency Stress\" width=\"501\" height=\"500\" srcset=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Before-Crypto-After-Crypto-Memes.jpg 501w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Before-Crypto-After-Crypto-Memes-150x150.jpg 150w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Before-Crypto-After-Crypto-Memes-300x300.jpg 300w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Before-Crypto-After-Crypto-Memes-60x60.jpg 60w\" sizes=\"(max-width: 501px) 100vw, 501px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Dont_Go_All_In_On_One_Coin\"><\/span>3. Don&#8217;t Go All In On One Coin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Spread out your investments. This may look something like picking 10 to 20 coins and investing a little bit in each. This will greatly reduce your risk, especially when one coin goes to zero. If you don&#8217;t think this can happen then you didn&#8217;t read my story that I linked to earlier. <a title=\"\" href=\"https:\/\/cryptocurrencykb.com\/the-most-important-cryptocurrency-advice-you-will-ever-read\/\">You can read about it here.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3533 size-full\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/You-Gonna-Get-Rekt-Crypto-Memes.gif\" alt=\"You Gonna Get Rekt Cryptocurrency Stress\" width=\"320\" height=\"228\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Consider_Reblancing\"><\/span>4. Consider Reblancing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One way traders reduce risk to use a technique called rebalancing. Rebalancing is the process of periodically buying and selling your coins to maintain a desired percentage in each one.<\/p>\n<p>For example, say you have 10 coins and you are investing 10% of your money in each one. When the value of one coin rises, you take the profits from that coin and put it into the others making sure all your coins have 10% again. This greatly lowers the risk of your overall investment.<\/p>\n<p>In crypto, there are tools that will do this for you. One tool that does this is <a title=\"\" href=\"https:\/\/www.shrimpy.io\/\" target=\"_blank\" rel=\"noopener noreferrer\">Shrimpy<\/a>. They even have a <a title=\"\" href=\"https:\/\/www.shrimpy.io\/backtest\" target=\"_blank\" rel=\"noopener noreferrer\">backtest tool<\/a> so you can see how much better rebalancing would have been verses just holding.<\/p>\n<p>The downside is, if you are in the US or other countries that tax you based on each trade, each rebalancing action will trigger a trade and thus a taxable event.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3534\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/When-You-Buy-The-Dip-Crypto-Memes.png\" alt=\"When You Buy The Dip Cryptocurrency Stress\" width=\"500\" height=\"332\" srcset=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/When-You-Buy-The-Dip-Crypto-Memes.png 537w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/When-You-Buy-The-Dip-Crypto-Memes-300x199.png 300w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/When-You-Buy-The-Dip-Crypto-Memes-90x60.png 90w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Consider_Holding_For_A_Year_Or_More\"><\/span>5. Consider Holding For A Year Or More<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Or instead of rebalancing, you could just buy a set of coins and hold them for a year. The benefit of this is that in the US and other countries you aren&#8217;t being taxed on each trade. You will just be taxed based on your long term loss or gain when you finally sell or cash out.<\/p>\n<p>This method obviously reduces your stress level as well because you are not constantly worried about whether you should trade your current coins for others. You can consider this the set it and forget it method.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3535\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Cryptocurrencies-Dip-Down-And-Everybody-Loses-Their-Minds-Crypto-Memes.jpg\" alt=\"Cryptocurrencies Dip Down And Everybody Loses Their Minds Cryptocurrency Stress\" width=\"500\" height=\"281\" srcset=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Cryptocurrencies-Dip-Down-And-Everybody-Loses-Their-Minds-Crypto-Memes.jpg 800w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Cryptocurrencies-Dip-Down-And-Everybody-Loses-Their-Minds-Crypto-Memes-300x168.jpg 300w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Cryptocurrencies-Dip-Down-And-Everybody-Loses-Their-Minds-Crypto-Memes-768x431.jpg 768w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Cryptocurrencies-Dip-Down-And-Everybody-Loses-Their-Minds-Crypto-Memes-107x60.jpg 107w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Pull_Out_Your_Initial_Investment\"><\/span>6. Pull Out Your Initial Investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you have made your money back and some more, pull out your initial investment. This way everything you make beyond that is profit. You no longer have to worry about whether or not you will see that money again.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3536 size-full\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Pigeon-Suicide-Crypto-Memes.gif\" alt=\"Pigeon Suicide Cryptocurrency Stress\" width=\"460\" height=\"258\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_Consider_Buying_High-Cap_Coins\"><\/span>7. Consider Buying High-Cap Coins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>High-cap coins or coins with a high market capitalization are the least riskiest coins available. This list would probably include the top 15 coins on <a title=\"\" href=\"https:\/\/coinmarketcap.com\" target=\"_blank\" rel=\"noopener noreferrer\">CoinMarketCap.com<\/a> with Bitcoin being number 1. These coins are the least prone to wild market swings (if there is such a thing in crypt0) and typically make steady gains over the course of several years. Think of this as a conservative investing strategy that will greatly help to reduce cryptocurrency stress.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3537\" src=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Types-Of-Headaches-Crypto-Memes.jpg\" alt=\"Types Of Headaches Cryptocurrency Stress\" width=\"500\" height=\"500\" srcset=\"https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Types-Of-Headaches-Crypto-Memes.jpg 700w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Types-Of-Headaches-Crypto-Memes-150x150.jpg 150w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Types-Of-Headaches-Crypto-Memes-300x300.jpg 300w, https:\/\/cryptocurrencykb.com\/wp-content\/uploads\/2018\/11\/Types-Of-Headaches-Crypto-Memes-60x60.jpg 60w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The cyrptocurrency market is highly volatile and super risky. Following these tips will help you on your journey to stress-free cryptocurrency investing.<\/p>\n<p>What tips have helped you or others? Please post them in the comments below.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<input type=\"hidden\" value=\"\" data-essbisPostContainer=\"\" data-essbisPostUrl=\"https:\/\/cryptocurrencykb.com\/7-tips-to-avoid-stress-while-investing-in-cryptocurrency\/\" data-essbisPostTitle=\"7 Tips To Avoid Cryptocurrency Stress While Investing in Crypto\" data-essbisHoverContainer=\"\"><p>Cryptocurrency stress is a real thing. Continually worrying about price fluctuations will drive you insane. And not only that, but stress can have an adverse affect on your mental and physical health. So if you aren&#8217;t a day trader, scalper, or swing trader then I&#8217;ve created these tips to help make investing in cryptocurrency a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[17,22],"tags":[],"_links":{"self":[{"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/posts\/1498"}],"collection":[{"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/comments?post=1498"}],"version-history":[{"count":12,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/posts\/1498\/revisions"}],"predecessor-version":[{"id":4642,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/posts\/1498\/revisions\/4642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/media\/3535"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/media?parent=1498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/categories?post=1498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencykb.com\/wp-json\/wp\/v2\/tags?post=1498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}