Is it too late to enter into cryptocurrency?
Is it too late to enter into cryptocurrency?
I’ve been reading everything I can on crypto for weeks. It’s fascinating, but learning the Russian language may be easier . Is cryptocurrency still in its infancy and the way of the future, or is this just another example of a ship that’s already sailed for a person like me?
Thanks
No it’s never too late mate.
I felt the same when I got into crypto earlier this year (that I was too late to the party), and now I just regret that I did not invest more.
Just remember some basic rules:
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DCA in and DCA out your investment when appropriate.
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Resist FOMO at all costs, as it usually ends up going badly for you.
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DYOR on coins/the market and don’t just take the word of a random poster about a coin here on r/CryptoCurrency.
Crypto adoption is something like 3% worldwide, so we have plenty more road left on this journey.
It’s not too late, but be realistic. Crypto is volatile. Right now could be the floor to the next bull run. Or, it could be a momentary top, and we might see a major dip before it takes off again. Don’t put in more than you can afford to lose. Every single person with a 1000% or 10000% paper crypto gain was also a 50% loser on paper at some point.
Try to DCA in, this way if it dives in the next few months you can buy cheaper coins, while if it takes off in the next few months you will still have bought some “early”.