Quote from: Dunamisx on Today at 02:24:08 PM

Quote from: puradak on December 06, 2023, 10:57:36 AM

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?

If you Invested in bitcoin then you're safe as long as you're not risking your financial asset on altcoins you're not sure about, bitcoin will always exist and appreciate by rising up to a new level, the additional advise i must give you is to allow yourself be in control of your financial asset by not keeping your money on centralized exchanges, move them to a cold storage like Electrum wallet, blue wallet or get an affordable hardware wallet, not your keys not your coins.

Cold storage is a good solution for a long term storage, so for someone who is patient and not constantly looking at price charts. OP is showing a mindset closer to a day-trader, someone who is chasing quick profits. He should probably sit himself and have a think on what is he trying to achieve by holding crypto and how much risk is he comfortable with. Otherwise he'll be in almost constant distress of not knowing if and what to buy and when to sell.