Just go for Bitcoin and ignore the altcoins. Thank me later✌️
You can speculate with altcoins in the short to medium term, but long-term investing via dca makes no sense.
You can speculate with altcoins in the short to medium term, but long-term investing via dca makes no sense.
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22
•Thank you for your input, I'll bear it in mind. I'm actually thinking of going for maybe 7.5% portfolio crypto and will consider keeping it simple with just Bitcoin. Especially given that I'm still something of a newb right now.
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11
•@MarketMage Focus on Bitcoin, read some books, listen to podcasts, watch videos - it will be worth it.
There are still very few people who really understand Bitcoin and realize the potential behind it.
For example, I could highly recommend The Bitcoin Standard by Saifedean Ammous and Broken Money by Lyn Alden :)
There are still very few people who really understand Bitcoin and realize the potential behind it.
For example, I could highly recommend The Bitcoin Standard by Saifedean Ammous and Broken Money by Lyn Alden :)
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11
•@stefan_21 I'll check out those recommendations now. I'm fascinated by Bitcoin and crypto generally for many reasons.
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13H
@stefan_21 I fully agree with @stefan_21. I went through this experience and hodl'd a fortune in altcoins to almost nothing, back in 2017.
99% of these altcoins never recovered.
Now, I'm just in Bitcoin and kept a bit of Ethereum with a decent entry price.
99% of these altcoins never recovered.
Now, I'm just in Bitcoin and kept a bit of Ethereum with a decent entry price.
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22
•@BigMo You might both have saved me a lot of money. I'll do some more research and make a decision. I'm not inspired by what I know so far about Trump's crypto reserve. I still expect a decent increase in Bitcoin's price by the end of the year though, what do you think?
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