Thinking of buying Ethereum after it dipped
Thinking of buying Ethereum after it dipped
I’m considering buying a little amount of Ethereum since it appears to have good fundamentals in terms of “usefulness” and market dominance.
I’m not buying the whole coin, only a tiny fraction just to see how it goes. My question is, is it a good idea to buy the dip, and what sort of precautions should a first time crypto buyer beware of?
Don’t buy anything you aren’t willing to hold for 5+ years and be mentally prepared to lose your whole investment if things don’t work out in your favor.
Dollar cost averaging is the safest and best way to go in my opinion. I have been holding it for years and plan to continue to hold for years longer as well.
I just buy a small amount every week and don’t stress at all with turbulence like we experienced this week.