Now it's May 27, 2021, At present, what other currencies have great potential (such as eth XRP in those years), and I also want to invest in them Put it still, and then look at it five years later. Please give me some advice
In this cryptocurrency market people can make a lot of money and can also lose a lot of money, but there is one fundamental rule that you always have to be aware of:
bitcoin when it falls it always carries the altcoins with it
bitcoin when it goes up always carries the altcoins with it
the price of altcoins in relation to the dollar always goes up a lot or down a lot depending on the price of bitcoin
the price of altcoins in relation to bitcoin goes up a lot or down a lot depending on the altcoin's own demand
In this current scenario where the bitcoin price is in a situation where it can drop a lot, I would recommend you to wait for the bitcoin price to be above 42000$ to buy long term or so if you have a lot of patience then buy now but don't go into panic every time you see the price drop a lot, in case bitcoin drops a lot then the altcoins will be much worse, as I explained to you, so know that if you buy altcoins then you should be twice as patient every time you see the price drop