/biz/ - Business & Finance

>>22454241
Hi anon, I was in your position back in mid August. There are some mistakes that I made that you should look to avoid, and I'll give you some tips that might help you get a foot into this market.

The first mistake I made (like many new investors) is FOMO'ing in without waiting for a dip. I bought my majority share in Bitcoin at 11,698 and while I'm not so sad about it because I believe bitcoin will go back past that reasonably soon, I could've gotten a lot more for my money if I was patient and waited for a dip like the one that happened last week.

Secondly I'd recommend diversifying your portfolio a decent amount, but keep the majority in the big players like BTC and ETH. One thing you should note about the market is that bitcoin is pretty dominant, so when bitcoin tanks the alts will tank (usually) and vice versa, so take dips like the one that happened last week as nice opportunities to get in on some alts and diversify your folio.

Hope it goes well for you anon, and welcome to the crypto market