Hello everyone.
I also need an advice, and I am sorry in advance if i am at the wrong topic.
I want to invest into cryptocurrency, but I would like to hear someone else's advice in which way I should do it. Lets say that I can invest about 5000$ so which way would be the best:
Just buy a bitcoin and wait it to grow? Buy mining rigs and start with mining? Or would it be smarter to invest in Etherum or some other currencies (buying or mining) ?
Thank you.
Read alot and I know it might sound a cliché but research all you can about the Project before you consider to invest. Lets say bitcoin and ethereum go to subforums here in bitcointalk, go to reddit subforums, read ann threads and be very septycal about advices about investments because many people on this forum are just promoting the coins/projects they are invested in.
After deciding to invest in a project I would not recommend to get in if it has just hit a new high because most of the times it comes a downfall afterwards, you should buy the dips and sell high and not the other way around. I know this is obvious but many people commit this mistake because they get caught in the FOMO and make impulse buys and when they realize they holding someone else bags.
There is alot more to it though but this is a good start.