Hi I'm a newbie to this whole thing although I've followed it since My Gox. I registered with an exchange and bought $1000 a few weeks ago at around $2200. It went up to 28 and I took some profit and then it started to drop and I got scared and transferred it to my USD wallet and then bought eth. And also I bought $50 here and there etc. Bitcoin started to go up again and I bought back at a bigger price then I sold it for. Then when it hit $3000 I didn't sell because I thought it was going to keep going up. It crashed and I sold again. I was trying to protect my original investment and at the end of the day I have $950 in my fiat wallet. I added up all the fees etc and I've spent $240 on fees etc! "Buy low, sell high" was lost in the craziness. Now I"m just waiting before I do anything else. Made a lot of mistakes and I"m wondering what is the way to go and is this an investment or a casino??!! Any input would be appreciated. My original goal was to buy 1 coin and keep it and another to trade the market. Thank you.
LOL
Buy what you can afford to lose. When you have some amount buy a hardware wallet and store there. Keep on buying every month no matter what price is. 10 years from now BTC at $1000 , $3000 or $10000 will look same. Just instead of using money for cigarettes and coffee put it in BTC and crypto.
Dont play with it and sell and buy and sell and buy since you will sooner or latter lose it. Go to casino to gamble not on crypto exchanges. You most likely have higher chances to win Jackpot there.
Important is that you own some crypto. Good is that you also read and learn and try to understand it. It is never ending project. Biggest risk nowadays you take to totally ignoring Crypto.