So what would you guys who actually know about these things suggest? What do you think would be a good plan? Maybe put 10 000 to bitcoin now and wait and see what happens? Or are there some other cryptos I should buy? Maybe spread the money? Is there a better buying opportunity for something else right now? How well has stop loss worked with Bitcoin? Maybe I'd invest 6000 with no stop loss, 6000 with a stop loss to 25% lower? Then see what happens and buy more if there's a dip. I know it's a shame I woke up too late so I don't need to be reminded of that, but I would really really appreciate if you could share your knowledge of how to salvage whatever can be salvaged, thank you!!
The answer is quite simple. The good and best plan is to study, have your own research, and analyze the market on yourself then just enter the market whenever you already had figured how much risk you can take. Crypto market in general aspect is volatile and fluctuates sensitively depending on the flow of the crypto community. It was never to late, and never let yourself be FOMO just because of the current hype. You've already stated on your thread subject that you missed out. Yes, but that must not be your reason to just invest in Bitcoin.
Here's some of my personal suggestion, yet never take this as a financial advice. DYOR and TAYOR.
- BTC in current charts seems in to bullish divergence. It is still altseason so better focus on investing or trading in altcoins.
- ETH, SAND, NOIA, and LIT has the most potential of gaining twice of their current price within this year, or maybe more. But remember, once you already had enough profit, take it and search for another alt that might have a chance.
- Try investing as well on Polkadot projects, but be careful as there are tons of projects that were fake and imitation of the other legit projects.
- Never invest without stop-loss, unless you really had convinced yourself that the crypto you are in would increase.
- Again and again, take a time to research and never let yourself be convinced on just the hype. This isn't a race.