What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
You'll be perfectly fine, but you need to keep a few things in mind. Some of them are:
1. Be aware that Bitcoin is a high-risk investment. There is a significant chance that Bitcoin can become worthless in the near future. So take the risk, only if you can afford it.
2. Don't think that Bitcoin can make you a billionaire in a week or two. You may get rich from Bitcoin, but for that you need to wait patiently.
3. Never ever indulge in panic selling. If the market crashes, then forget about your coins and wait until the prices recover.
It's needed to be considered that inside the volatile market patience is really needed, don't panic in each time you noticed downfalls, its just a part of a cycle, you need to used to it and try not to be moved in anyhow, keeping yourself with the position you have will lessen your loses, believes that market will recover back and bring favor to you.