Quote from: RealMalatesta on Today at 06:36:26 AM

Quote from: studioman on February 13, 2021, 04:50:21 PM

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!!

I believe having that kind of interest in crypto today is a risky thing as well, you should always consider that. Why? Because we are already super high right now and that means we could always have a huge crash, and even if we do not have a huge crash, even if the price reaches to 100k soon, that would be less than 2x profit for you whereas people would made more than 10x profit at the same time, obviously that is not going to be simple for you since after a crash you would be one of the first ones to start losing money, whereas people who got in at 10k or 20k or even 30k and 40k would be a lot easier to hold and wait while you lose money.

So that means you should probably be careful and do a DCA, I would suggest buying piece by piece so that you would be buying from higher or lower prices but not going all in. It is really a difficult job to enter during a bull run.

Thank you SO much for your honest thoughts and actually excellent ones! You are right. I jumped in as a total novice. Felt I have to take a gamble because I selpt on this early. But you're right, it's totally different to invest money in the beginning and then wait for what happens (or maybe pull the amount of the investment out first). I've already invested what I wanted to invest at this stage, step by step. I though I was doing pretty well until this weekend and today. I'd decided to keep the rest for possible dips but what happened. I thought there was a small dip and somehow put some more just before the crash today. At least I managed to stay pretty cool and didn't panic sell much, but it was a lesson to learn from.

After your message I started to think. I've invested maybe 20% of the amount to Ethereum in the hope it might possibly become something big in the future. But now I realised I've joined it in the bull run and these are the likely scenarios:

I won't have much to cash out at the top of the peak and it's totally possible I won't be awake when the slide down happens. I suppose a slide down will be pretty inevitable, right? Then there's a great chance the price will be lower than what it's now so I could by it cheaper. This is also pretty likely isn't it? So maybe in my case Ether makes even less sense? But of course Ether might do great in the distant future, in which case holding some could turn out to be good after all.

You made me think and I just sold some BTC and consider selling some Ether as well. The critical question I'd like to ask you and everyone is what you think Bitcoin and Ether will be after the crash? What are the following steady levels before the next wave? I know nobody knows but I'm curious how you guys feel about it.