Post
Topic
Board Trading Discussion
Re: Tips for newbie to long-term investing
by
GiftedMAN
on 07/07/2022, 12:03:56 UTC
That's the thing I'm struggling with, I actually want to put in more money. But I just can't afford to, I want to maximize on the buying opportunities but I know that's the FOMO creeping in, and I'll just have to stay patient.
Since you are thinking of a long-term investment, I will suggest you diversify your portfolio but Bitcoin should be your major concentration because if you buy now that the price is down, you will be able to make a profit when the price is up again but remember no one can predict when the bear will end so your investment should not be done with all you have got so you don't end up not making gain and lossng your capital. Always invest with the amount you can afford to lose, good luck.