I bought 50 dollars each on bitcoin eth and dogecoin now what
I bought 50 dollars each on bitcoin eth and dogecoin now what
Hello i wish i bought bitcoin back in 2011 when a friend told me too and never wanted to get into crypto always thought it was silly and always had a fear of missing out later. figured even if i start now or 4 years ago ect nothing would happen but i want to just hold and watch what happens. I will buy more later on as 50 dollars will do nothing and i got a stable job. I make 45k a year thinking of putting 200-500 a month into bitcoin. I am new to this and have no idea what i am doing but planning on holding for 10 years. I have a 3 year old and want to make money set aside for her and finally buy a house someday. Im 32 i started this late but seeing what happens.. any advice ? Is stocks better? New to all this i am just a mom trying to provide for my family Ontario is rough.
100% Agree w/ BowtiedGypsy, treat it like a 401k and consistently invest. Making good money off of a +2000% alt coin is what everyone wants but highly unlikely. Consistency is key.
If you’re wanting to shoot your shot and try your luck on alt coins, I recommend taking a small portion from what you plan to invest and use that as “fun money”. If $400’s your total a month, $375-$350 in your main investment strategy and $25-50 on alt coins.
Only money you can afford to lose. 10 year time horizon. Non-stop, never sell, no matter what the news or anyone says about crypto.
Stick to that, and you’ll be fine. Deviating whatsoever from that very simple plan, for any reason, is how people get screwed. It’s so simple, don’t complicate things.