Did you invest a modest amount of money in crypto, feel excited, then saw people on Reddit, Twitter, Facebook, and other social media investing huge sums, and your excitement faded?
You are investing for yourself. Please don’t spend more than you can afford to lose because you feel your investment isn’t large enough. I know how it feels to own 1/2 of a coin, visit that coin’s subreddit and see people talking about how they just picked up 25 more coins (even though it took me 3 months of dating to get half a coin).
I quickly realized I invested in something I believe in, and my investment size is right for me. I did at first feel the urge to put more money in so I don’t miss out on huge gains, but I need my other fiat and I am NOT okay with losing it. So I didn’t gamble.
I think there are a lot of new investors who can safely afford to lose only small amounts of fiat. I bet there are a lot more than you think. They just don’t post about how they picked up $8 more of a coin.
Friends, make the investment that is right for you, and don’t worry about how much other people can afford to invest.
Some people are just dollar-cost averaging a small amount from their weekly paycheck into 4 or 5 projects that they believe in. To be perfectly honest, they found that this helps with the volatility. The market is up? Cool their investment is making money, can’t wait to make their regular addition in the preceding week.
The market is down? Cool these things are on sale right now, can’t wait to make my regular addition this week. They are literally like that meme of that cat bopping his head to the music while a chart of the market tanking is superimposed in the background lol.
In addition, you can practice Dollar-Cost Averaging. Basically, to help keep you from getting screwed by buying a ton of ETH at a high price and then having it drop to a lower price one day after you bought it.
If you buy a little every week or every month it can help lower your average cost when the market fluctuates.
People got caught like that every day. Bought a bunch of ETH cause the price went down and they got excited. And the next day it dropped again big time.
Needless to say, they would wish they had bought it 24 hours later than they did. So what else could they do? they bought more ETH.
You can put what you like into bitcoin or any other cryptocurrency but it completely depends on what you mean by “enough money.” If you looking to maybe make $10 even $20$ in the next 12 months it probably worth a shot. If you think you will make the fortune you want.
For instance, let assume a coin is roughly $40000 so if you buy $20 worth you will double your money if it hits $80000. Your value will only go up the same % as the coin.
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