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?
Bitcoin price will surely rise to the highest price again so it is not bad to invest in it for long term. You won't get guaranteed profit from other coins and you won't get guaranteed profit from Bitcoin either, but with the history we have seen of Bitcoin in the past, it is expected that Bitcoin will not disappoint you in long term investment. So stick to the fact that you avoid other sheetcoins and invest only in Bitcoin. And of course DCA is a good strategy because it saves you at least one big loss
Well investing in Bitcoin for the long term is a viable strategy given its history and potential for growth. While guaranteed profits are not assured, Bitcoin's track record suggests it could be a reliable investment over time and embracing DCA would help too. It's just important to conduct thorough research and consider diversification in the cryptocurrency but avoid shitcoins.