I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
At the end is all about the amount of money that you can afford to risk and, eventually, lose. Bitcoin has a big capitalization so it requires a lot of fresh money to go up while altcoins, on the other hand, having way smaller capitalizations (excluding the main ones) are easier to move. The problem is that you have no way to know if someone with huge quantities is going to dump them all together, and the price will go down a lot. If you want to take a small risk on the altcoins anyway this could be a good timing, there is a good possibility for an incoming alt season. Just don't forget that the main goal at the end is to have bitcoin.