I hope you accept a novice like me probably looking like a fool 
For a couple of decades the only thing I've invested in has been flats and houses, but thanks to it my financial situation is good enough to accept some risk. I started investing in stocks and ETFs last year and have spent a lot of time practising it. The start has been good enough.
However, while getting myself into that I forgot to pay attention to the crypto side. All the time it was somewhere in back of my mind that I should put some money into bitcoin, but it was such a new world to me I never remembered to get into it. Then to my horror I realised the price has skyrocketed. Well now I've studied some basics and opened a couple of accounts, but it's kind of too late. If I'd actually got into bitcoin I'd probably invested at least 10-15 000 euros in it, which would now give some piece of mind to wait and see what happens. Maybe take what I invested out.
BUT I didn't. So now I'm wondering what to do. If I don't do anything and if there's no major dips anymore my "loss" gets much bigger. But if I put money in it I accpect that not paying attention cost me tens of thousands and then there's the possibility of a dip, which would let me correct a part of the mistake.
I have about 20-25 000 euros to invest in cryptos, some more if there's a terrific buying opportunity. I'm not rich but I've lived a pretty cheap life and worked hard to be able to tolerate losing maybe 10-20 000 and my life would go on with some more too. As long as it's for a good reason and a piece of mind (by not missing out completely) may be a good enough one.
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!!
For a couple of decades the only thing I've invested in has been flats and houses, but thanks to it my financial situation is good enough to accept some risk. I started investing in stocks and ETFs last year and have spent a lot of time practising it. The start has been good enough.However, while getting myself into that I forgot to pay attention to the crypto side. All the time it was somewhere in back of my mind that I should put some money into bitcoin, but it was such a new world to me I never remembered to get into it. Then to my horror I realised the price has skyrocketed. Well now I've studied some basics and opened a couple of accounts, but it's kind of too late. If I'd actually got into bitcoin I'd probably invested at least 10-15 000 euros in it, which would now give some piece of mind to wait and see what happens. Maybe take what I invested out.
BUT I didn't. So now I'm wondering what to do. If I don't do anything and if there's no major dips anymore my "loss" gets much bigger. But if I put money in it I accpect that not paying attention cost me tens of thousands and then there's the possibility of a dip, which would let me correct a part of the mistake.
I have about 20-25 000 euros to invest in cryptos, some more if there's a terrific buying opportunity. I'm not rich but I've lived a pretty cheap life and worked hard to be able to tolerate losing maybe 10-20 000 and my life would go on with some more too. As long as it's for a good reason and a piece of mind (by not missing out completely) may be a good enough one.
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 easiest thing and usually think about is investing funds in the long term, this problem looks easy but it takes good planning to get started. You can plan to put a little fund in advance in the currency you want, for example, such as BTC or ETH. Why not just put a large amount of funds? Because this is still in the planning stage, where we observe and predict the currency, whether it will increase or decrease it can all be predicted. If you are sure that in the near future (if you want to earn in the near future) then buy the currency. If you want to invest it for a long time, then hold on to the coin first. Don't forget to keep an eye on market conditions and current market news, because from there we can also find out the ups and downs of the currency price.
If you choose to trade. You must pay attention to the ups and downs of a price in the near future. This option is quite risky but if done correctly and correctly, it can generate profits in the near future too. I suggest, if you are still a beginner at this. It would be better if you were accompanied by someone who is used to trading. Because if you do it alone without any knowledge or experience it will be very risky. You can learn how to read charts or candlesticks, how to make decisions to buy or sell at the right time. And you have to know, how to manage risk properly, it will really help you in trading and investing.