~snip~
First you have to be clear about who you want to be? If you are a market speculator or an investor, you can clearly be both, but before entering the crypto market, read about the market, read books that educate you, investing is the most viable path, but if you want to speculate in the market with the rises, Cryptocurrencies falls that require greater knowledge to go to the line of least resistance, just as Jesse Livermore did.
I recommend any book by Jesse Livermore, they are totally applicable to the Crypto market, it would have been a good moment if you would have bought those 25k Euros the same day you published, because there is already a new ATH today, you would be winning, although I do not recommend buying at maximums Take into account the movements of Bitcoin, and when you understand the market you will know when to enter.
I reread the messages I got, so many great tips it's almost hard to believe it. I wanted to quote your message. I'll really need to listen to your tips and take a small step back, have something invested in mainly Bitcoin and add some more at serious dips. I screwed up with the one today. No bad panic sell losses, but I'd just invested my last investment when the price was high and didn't really want to put any extra even when the price was lower. But I learned a lesson.
Like I said I'll be partly in this run, but try to be somewhat careful at the same time. I'll start reading some of the books you (and someone else) suggested to prepare myself for the future. But now maybe the most ridiculous thing you've heard here for a while:
I, like I said a total novice despite of watching videos and reading some webpages, somehow put small amounts of money to several altcoins (apart from Ether):
Polkadot
Cardano
Chainlink
Litecoin
BCH
NEO
Algo
Ripple
Aave
The amounts are small, the biggest ones are in Cardano, Polkadot and Aave. But as I just put some one as a kind of a lottery I just realised these are obviously also on their bull runs, and with small investments and with me probably not being able to time the dip correctly are these all waste of money? Which ones would you rule out immediately? Which ones do you think could have some long term potential? Some believe in Polkadot (as said here too) and Cardano, so maybe they could be long term lottories? I also found a thread in which some were excited about Algo. Some really believe in Aave. Some of the long tem forecasts for e.g. Litecoin are high, but are they just hype I don't know.
Well, what happens is that you have the power to believe in what you have intuition, that is also valid, I honestly would give each alts a profit of + 15% or + 20% of profit and then I would leave the market with balance positive, and would seek to buy only Bitcoin. But if you believe or have a feeling with a coin many times it can happen. Maybe you have a touch of luck and those coins can take a bullish leap and make a profit.Note that Bitcoin is King, if Bitcoin falls the alts bleed brutally ...