Topic: Missed out on bitcoin, please make me a plan now (Read 646 times)

If you feel that you missed out on BTC now it is a good time to buy. With the price being in the air for a bit, if you are holding for the long term I suggest you consider buying in this dip.

its good you dont want to miss out anymore which means you are plainly for the profits. you need to learn to make research yourself and invest based on your convictions about the projects. you dont need to use stop loss since you want to leave it for long term and come back for it. the golden advice i will add to this is to reserve some funds to buy the dip when it happens, and keep a tab on any project you are investing into. use the coinmarketcap to get familiar with various projects and go deeper.

The easiest thing and usually think about is investing funds in the long term, this problem looks easy but it takes good planning to get started. You can plan to put a little fund in advance in the currency you want, for example, such as BTC or ETH. Why not just put a large amount of funds? Because this is still in the planning stage, where we observe and predict the currency, whether it will increase or decrease it can all be predicted. If you are sure that in the near future (if you want to earn in the near future) then buy the currency. If you want to invest it for a long time, then hold on to the coin first. Don't forget to keep an eye on market conditions and current market news, because from there we can also find out the ups and downs of the currency price.

If you choose to trade. You must pay attention to the ups and downs of a price in the near future. This option is quite risky but if done correctly and correctly, it can generate profits in the near future too. I suggest, if you are still a beginner at this. It would be better if you were accompanied by someone who is used to trading. Because if you do it alone without any knowledge or experience it will be very risky. You can learn how to read charts or candlesticks, how to make decisions to buy or sell at the right time. And you have to know, how to manage risk properly, it will really help you in trading and investing.

Sorry again, should've googled first (well I did but not enough I guess). I found the following:

Your address for Bitcoin and Bitcoin-based crypto assets changes every time you receive a transaction. For other crypto assets (Ethereum, XRP, Stellar, etc.) the address stays the same.

Bitcoin transactions are public information. Addresses should not be re-used for better privacy. Ledger Live automatically generates new addresses using standards (BIP32/BIP39/BIP44) and keeps track of your previous ones. Previous addresses do remain valid, but they don't offer an optimal level of privacy.

So obviously if I want to be extra secure I need to type a new address every time to Kraken or whatever I use? THe Ledger gives a new address every time and that's why it isn't the same the saved address in Kraken?


E: I got this, sorry again for two useless posts. So Ledger gives a new address every time.

Thank you very much, I agree with you. It's crazy how these cryptos can go up and down.

Here's a very important question to everyone, I'd really need help with this so I hope using this thread is okay for this purpose.

I transferred a bit of Ripple to the Ledger Nano S and it went fine. First a tiny amount, then a bit more. The address in Kraken is the same as in the Ledger and Ledger Live. I then did the same with Bitcoin, using native segwit. Again, a tiny amount and all went fine. Then I went to transfer a bit more and checked the saved address and saw the address is different from what's in Nano S and Ledger Live. I've been extra careful to check everything matches so I got worried about this. Is it something about the way Kraken saves the address or have I been hacked? Like I said the tiny amount got through, but could there be something going on?

And now is another time presenting for many who make such comment to miss the highly profitable coin, bitcoin. There is dropping going on, bitcoin is back to $46+++ and maybe it may come down more. You need a comfortable area to catch the full potential of bitcoin, you don't need too much complain but take a move. Speculation are on that bitcoin will get to high of $100,000 this year so do your research and be the owner of your decision.

Well, what happens is that you have the power to believe in what you have intuition, that is also valid, I honestly would give each alts a profit of + 15% or + 20% of profit and then I would leave the market with balance positive, and would seek to buy only Bitcoin. But if you believe or have a feeling with a coin many times it can happen. Maybe you have a touch of luck and those coins can take a bullish leap and make a profit.Note that Bitcoin is King, if Bitcoin falls the alts bleed brutally ...

Because I have also been a newbie in the crypto world, my advice for newbies is to always start with a small capital first for investment. Capital of
$ 6000 or $ 10,000 is too big in my opinion, you will be surprised if the price of Bitcoin suddenly drops deep enough. And just focus on buying Bitcoin
first and don't buy other coins yet. So that you don't get confused when analyzing the market, my advice is to start with a capital of $ 500 - $ 1000 first.
So when you succeed in making a profit with a small capital, you should be able to do the same with big capital. And the key to successful investing
in crypto is patience, so don't panic easily seeing the volatile crypto price movements.

I reread the messages I got, so many great tips it's almost hard to believe it. I wanted to quote your message. I'll really need to listen to your tips and take a small step back, have something invested in mainly Bitcoin and add some more at serious dips. I screwed up with the one today. No bad panic sell losses, but I'd just invested my last investment when the price was high and didn't really want to put any extra even when the price was lower. But I learned a lesson.

Like I said I'll be partly in this run, but try to be somewhat careful at the same time. I'll start reading some of the books you (and someone else) suggested to prepare myself for the future. But now maybe the most ridiculous thing you've heard here for a while:

I, like I said a total novice despite of watching videos and reading some webpages, somehow put small amounts of money to several altcoins (apart from Ether):  

Polkadot
Cardano
Chainlink
Litecoin
BCH
NEO
Algo
Ripple
Aave

The amounts are small, the biggest ones are in Cardano, Polkadot and Aave. But as I just put some one as a kind of a lottery I just realised these are obviously also on their bull runs, and with small investments and with me probably not being able to time the dip correctly are these all waste of money? Which ones would you rule out immediately? Which ones do you think could have some long term potential? Some believe in Polkadot (as said here too) and Cardano, so maybe they could be long term lottories? I also found a thread in which some were excited about Algo. Some really believe in Aave. Some of the long tem forecasts for e.g. Litecoin are high, but are they just hype I don't know.

Thank you SO much for your honest thoughts and actually excellent ones! Hey what is DCA, sorry I have no idea and English isn't my first language...

You are right. I jumped in as a total novice. Felt I have to take a gamble because I selpt on this early. But you're right, it's totally different to invest money in the beginning and then wait for what happens (or maybe pull the amount of the investment out first). I've already invested what I wanted to invest at this stage, step by step. I though I was doing pretty well until this weekend and today. I'd decided to keep the rest for possible dips but what happened. I thought there was a small dip and somehow put some more just before the crash today. At least I managed to stay pretty cool and didn't panic sell much, but it was a lesson to learn from.

After your message I started to think. I've invested maybe 20% of the amount to Ethereum in the hope it might possibly become something big in the future. But now I realised I've joined it in the bull run and these are the likely scenarios:

I won't have much to cash out at the top of the peak and it's totally possible I won't be awake when the slide down happens. I suppose a slide down will be pretty inevitable, right? Then there's a great chance the price will be lower than what it's now so I could by it cheaper. This is also pretty likely isn't it? So maybe in my case Ether makes even less sense? But of course Ether might do great in the distant future, in which case holding some could turn out to be good after all.

You made me think and I just sold some BTC and consider selling some Ether as well. The critical question I'd like to ask you and everyone is what you think Bitcoin and Ether will be after the crash? What are the following steady levels before the next wave? I know nobody knows but I'm curious how you guys feel about it.  
  

I believe having that kind of interest in crypto today is a risky thing as well, you should always consider that. Why? Because we are already super high right now and that means we could always have a huge crash, and even if we do not have a huge crash, even if the price reaches to 100k soon, that would be less than 2x profit for you whereas people would made more than 10x profit at the same time, obviously that is not going to be simple for you since after a crash you would be one of the first ones to start losing money, whereas people who got in at 10k or 20k or even 30k and 40k would be a lot easier to hold and wait while you lose money.

So that means you should probably be careful and do a DCA, I would suggest buying piece by piece so that you would be buying from higher or lower prices but not going all in. It is really a difficult job to enter during a bull run.

And to add I will study and try to do some every day. But it's a process. It'll take some time until I'll be able to make proper decisions, so far it's been pretty much gathering info by reading and going through all this material, but it'll take time. It's a pretty fascinating world, but unfortunately I can't devote all my time to it. Thanks again for all the links and ideas! I'll probably write here again if that provided material brings some questions   

Thank you, I'll check this too!

I'm now pretty calm, invested some and made sure the crypto's are safe with Ledger. If there's great dips I can still act, but otherwise I'm now waiting and watching what happens. What a new discovery this has been, quite a journey so far.

At this stage, with very limited knowledge I'm not particularly interester about the other cryptos (apart from ether maybe), I mean I would be but that needs more work and special attention. It's time may come, though. But the problem is I've done some research and some mainly popular names kept standing out. Now I kind of feel I an kind of forced to invest a bit to just about each of them as a lottery in case there's little miracles with some of them in the future  That'll also mean there'll be things to study and things to watch in the future. I've already bought some small amounts, but what do you think about names like these:

Polkadot
Ripple
Litecoin
Aave
Cardano
(Bitcoin cash) 
Uni
Chainlink

1. So what do you think about those pretty boring ones? Worth any smallish investments?

2. Are some of them maybe more long term or should I keep an eye for peaks and cash out then? Well if an investment is small, like 50-200 dollars the peak might not be huge in many cases. But if the long time result could be much more it'd be better to keep the amount intact.

3. Are there some gamble projects where the value is really low now and even throwing e.g. 5-10 dollars to say 10 gamble projects could (with extreeeemely good luck) turn to something in the future?

4. Or is it that with my very limited knowledge it's better to concentrate on Bitcoin and Ether? There's already been great thoughts about these, but I'll see if I can get some more with specific questions. On the other hand, like I said I've already made small investments to most of those and thus may be too scared to move that money to Bitcoin or Ether in case one of those somehow got really high in value  I can't help myself, I am what I am.

Thank you!! 






   

Cool site I recommend
https://stvkr.com/click-DQRVDSN3-KIGQCOHW?bt=25&tl=1&

Kind messages just keep coming, thank you so much!


Thank you for your thoughts! I've actually done investing in other areas and have gained pretty steady results with hard work and long-term plans. Nothing to brag about, but it's a solid situation. So it's not like being late from this train breaks my world, but I did feel a bit of panick initially as every star pointed to the direction I really should've realised this in time    I tried to make a compromise and jumped to this train, but am now on the watching side. That may change if there's great dips.

It's been interesting to get into the crypto world, but also to see the daily fluctuations in the value. I've maybe got a thought about how market works when it's not like stocks or ETF, that give some quite easily valued info to back some prices. Here the price may stay still for quite a while, but when it starts going up fast it may just accelerate and end up 5% higher. I suppose that's when people watching for dips start to fear the price will go too far and they buy Bitcoin while they can tolerate the price. So the price keeps going higher and higher. When this rush is over, maybe when it's evening/night in American+European areas people start to wonder if they paid too much and if the price will start dropping now. Then they start selling to be on the safe side and we're heading down again. Then others see the opportunity or limit orders step in and up we go again. Of coure there's also day traders, insitutions, market powers etc.

I was thinking that it could be an interesting way for a beginner to try day trading. I mean if it's an amount that one could either put to Bitcoin or keep in his bank account one could try to chase to highs and lows and make a bit of profit. In the worst case he ends up with a bit more Bitcoin, but if he was considering putting some more to it it wouldn't be serious. Of course this could only work in an exchange with very low fees.   

My investment money is mostly tied. But now that I know more about Bitcoin and how this system works I'll prepare myself for a chance the value drops much lower from the peak as it's done before. I'm sure it won't drop as low, but like you said there may be other chances coming. Many others will be waiting for it so it's gonna be somewhat different, but I'll probably find ways to release more money in the meantime so I can really attack if I feel another great chance is coming. Thank again!


Thank you! Yes, keeping the investments safe also gives piece of mind, which is pretty valuable. I was just scared about this first as I didn't know how this works. It's much better now.

It's truly a fascinating world, but I need to keep myself humble and accept that there's too much catching up to do. However, I know what hard work can do so little by little I'll gain more knowledge and those ideas from fellow posters help so much. I feel like I owe to every poster who uses time to help and advise me, bunch of great people around over here clearly.

I'll keep some privacy with the sums now, but so far I've put about 80% to Bitcoin, 10% to Ethereum and a bit (not full 10% yet) to some altcoins. Actually I think the amount I'll put to altcoins won't be very much, but as I never put money to lottery maybe the altcoins could fill that part in me  I know buying Bitcoin is the way to go in the long term, but a smaller part of my investment to Bitcoin has been through Bitcoin funds. If the price keeps rising I'll probably have to turn those to cash, so it's not going to be a huge amount with the sums I've put in. But the good side is if the value crashes I can use that in my taxation and thus get a third off. So if Bitcoin really dips I'll sell those, use the loss in my taxation (I get money from renting some apartments so those are deductable) and buy more real Bitcoin. That's a bit like an insurance towards a dip. If the value keep rising to 3 or 4 times higher I'll probably cash those.

I know some of you advise against altcoins, some the opposite. But if I do invest a bit maybe just for the excitment when do you think is the best time? Many of them (the popular ones) are higher now that Bitcoin is going up, but people talk about the altcoin season (when Bitcoin goes down). So what does usually happen when Bitcoin goes down, do the popular altcoins start to rise slowly or do they also take a dip first? I know there's no rules, but maybe there's been something obvious in the history.     


         
                     

Really great that you understand the importance of hardware wallets because exchanges although are very trusted and heavy amounts are being stored and transacted, are always the risky option to store Bitcoins. I always suggest that rather spend $100 less in trading but always buy a hardware wallet and store your coins there to actually be the owner of your coins. No private keys in control means you don't own them.

Anyways, good luck with the investment and trading you might do in future .

Glad you actually read and liked the suggestions by fellow community members. So what have you decided how are you going to invest into crypto now? I wish you success with whatever you have decided though. Focus more in BTC rather altcoins, is my only suggestion.

Change you're mindset and things would start working from out for you. Nobody have missed the bitcoin opportunity yet. If you're currently in the industry now it means you saw the opportunity early because we're yet to see the full potential of bitcoin excluding what the price is currently doing. Make out a plan of accumulating bitcoin starting from now and just maybe in the next couple months of years coming you'll get your hands on a meaningful number of bitcoin provided you have a paying jobs that can be used for the funding of this plan.

While altcoin are doing impressive numbers many are also getting the worse out of them therefore don't go chasing after them bindly or you'll end up in the wrong side of the chart that's for those losing instead of profiting.  Don't hate on bitcoin as that's the only real project among them all.

Others (altcoins) can be easily replaced or built on to bring about a more superior version with better technology but non can dethrone bitcoin or have the level of trust it has gained from the community.

Thank you! Yeah I actually wrote that it got sorted out, it was something on their side, but I appreciate the calming words. If the problem was still going on and if I hadn't found out about it by digging some more those words would've been highly needed. It was just quite a timing. I have all the security tools and have been extremely careful with every step but I still thought maybe I'd managed to do something wrong.

I also appreciate your words in the last paragraph. I stepped in as a complete newcomer and while I'm still one I've learned surprisingly much already during these intesive days. Just basics and there's holes, but still. I just kind of panicked a bit when the balance got to 0, didn't think it'd be one of those things that may happen. I know there's a risk in this all, but I am not someone who takes stupid risks without thinking or without making sure he can live with whatever the outcome is.     
 

It seems that you are unlucky this time. Sometimes this will happen to Binance, disable withdrawal and deposit as they are doing some maintenance, this also happens to the other market players. But you don't need to worry mate, Binance is a trusted exchanger and since your deposit isn't credited to them, it will get back to your wallet. You have to wait until the deposit button is already enabled, just stay calm.

But I have something to remind you,
Please don't rush to join the market and never do the trade if you don't have enough knowledge or just even having the basic knowledge because this might leads you to lose money. Make everything well-prepared first beiong doing this.

Thank you, I agree! I feel like I've actually learned pretty much already during these days, but it's still step by step. Time will show how this ends up going, but I'll always remember all the help I've got here. I don't know what I'd done without you guys, honestly. Incredible guys (or girls) I have to say once again.     

^ You have a lot of questions and they will already be answered by someone else here. But I want you to hear my opinion about this.
That is the right decision, never put all your eggs in one basket which is a common decision of those investors who want to get profit at once just for profit.
Nevertheless, good traders will always have a plan, you can always stick to the plan whatever happens to you because sometimes emotional habits will drag us down too much and won't get recover.

Thank you for these thought too! I think I'll pass for now as I simply don't have the time to study enough. But maybe in the coming years, who knows. Right now I'm trying to get a grasp of the very basics of the crypto world and there's still other things going on that require time too.

Great thoughts again, thank you!! I don't expect anyone to know how things go, but these pieces of information coming from people who are in a whole other world with these is just terrific. I'm modest with possible expectations, a large net would've been nice but I started so late it's unlikely. Then again I like to make "extra" money work so in 20 years it can be three times more (including inflation). So that's long term planning   

No problem, no one is a fortune teller, everything is a risk. Remember and keep in mind something very important, in the crypto world Bitcoin is King, as long as Bitcoin is in a bullish trend in some way all altcoins will follow it, because Bitcoin has a life of its own, however any altcoin will not always depend on Bitcoin.

If the price of Bitcoin falls, mostly altcoins bleed very fast and in a big way. If you look at some other currencies when bitcoin falls and others suddenly rise, it is because they most likely survive the pump and dump, it is very common. This is learned every day, I would like to be an expert, what I tell you is how little I have learned, the best books that I recommend are those by Livermore and Wyckoff, many times the trading academies only focus on technical analysis and the Technical analysis is something more focused on chart figures, indicators, which is not bad, but it is better to do a technical analysis when you better understand the market, when you realize that the market moves by whales, by emotions, than many times a Big fundamental influence, is red-hot speculation.

If you have already put your money in Crypto I hope you make a profit, but set goals, that is, set a profit, be it 10%, 20%, 30%, and do not bet more than you have.

As you are a newbie here, looks very interested in new knowledges and has some experience with investments already, I would like to tell you can also invest bitcoins to earn passive extra income over them, so you don't rely only in bitcoin pumps to make profit. There are some of these investments being promoted on this forum such as FreeBitco.in which pays about 4% annually (paying about 0,01% daily). There are also casino bankroll investments which allow you to invest at the *house side* against the players, generating profit on long run, as the casino makes profit. And much more.

Disclaimer: not everyone here agrees about investing bitcoins, because there are risks involved even though the sites are reputable for years already. So you need to be very aware about the risks such as losing your entire funds, before making your final decision.

I just would like to present you this possibility for educational reasons. Good luck in your bitcoin journey!

Thank you!! First of all I want to say I mentioned the amounts at first as I felt it could help with getting suitable ideas for my purpose. But that was just an example sum to start with. But you're right, it'd been better to put whatever I've put immediately. That's just typical to human nature to be worried there's a price drop coming right after you've invested the money. On the other hand a bigger problem was that I didn't have my Ledger yet and wanted to have my money spread to several exchange services. I was also learning everything from stratch so at first I was scared if the money would actually come through. And then it got dificult to get some accounts opened. So all in all I feel I couldn't have done it very differently.   

Thank you also for the ideas! I've definitely need to get to these things one day and keep the book you mentioned in mind, I'm sure it'd be very useful. But I have to be honest, I'm too far behind crypto specialists and I can't dedicate all my time to this. That's why I'm planning to keep things simple, but add a bit of gambling. For me this means:

- Bought some Bitcoin at a higher price, but reserved money for dips. Long term.
- Bought less, but still some Ether. Long term.
- Have put a bit of money to some smaller ones that look interesting and am planning to put some more. For me this is pretty lottery, though I've tried to read and watch some videos to know a bit about the names that have been popping here (Litecoin, Poladot, Ripple, Aave, Cardano, a few smaller ones). These ones I don't have a plan with. The amounts are fairly small so I guess I'll keep an eye on these and cross my fingers    

   


 
     

First you have to be clear about who you want to be? If you are a market speculator or an investor, you can clearly be both, but before entering the crypto market, read about the market, read books that educate you, investing is the most viable path, but if you want to speculate in the market with the rises, Cryptocurrencies falls that require greater knowledge to go to the line of least resistance, just as Jesse Livermore did.

I recommend any book by Jesse Livermore, they are totally applicable to the Crypto market, it would have been a good moment if you would have bought those 25k Euros the same day you published, because there is already a new ATH today, you would be winning, although I do not recommend buying at maximums Take into account the movements of Bitcoin, and when you understand the market you will know when to enter.

Thank you Quidat! Valuable thoughts again. I think I'll hold on to what I've got and add some more depending on the dips.

This crypto thing is a very interesting world, but boy it's been tough and still is. Obviously all hot wallets take a piece of the bitcoins, so having them stored there for a few days is costly. The amount I have isn't much compared to many others, but still enough that I don't want to lose it         

Even pros or veterans into this market would really be having a hard time on trying to find out on whats the possible bottom price this is why when you do tend to go for long
term then entering on the current price wont be an issue but i do agree on the suggestion that it would be more worth if you do enter on possible low price rather than on this
current new Ath levels which it seems that there would be some serious correction soon to happen.

Thank you so much JeromeTash! I've been kind of forced to buy some during these days, but the price is running high at a crazy speed now. I think I've got enough and I'll try to get some more at dips. I usually don't have this fear of missing out, but this time the circumstances were exceptional and I felt I'm ready to take the gamble. At least I managed to get my stock mainly before today's latest rise.

If I want to add I could consider putting a bit to Bitcoin ETFs, not for the same purpose as Bitcoin as I'd probably sell them if the price gets high enough. And I believe stop loss could work with them to some extent. And if the value crashed I could utilize the negative sum in taxation.



   

I would feel guilty if I advised you to buy Bitcoins right now especially if you are planning to hold them. It would look like so sort of FOMO (fear of missing out) and this can be catastrophic at times especially if you ended up buying shortly before the price starts dumping

So the best piece of advice I can give is that wait for an opportunity and buy the dip and make much more gains with less risk. Opportunity is always there with Bitcoin so don't let FOMO set you up into a trap.

Me again     All is fine with Binance, working again and my balance is back. I just got to know it'll take until next Tuesday to get my Nano S. Maybe I should transfer some cryptos to a hot wallet.

1. Is there a specific service you would recommend?
2. How are the fees calculated, I mean do I pay a lot if I transfer money to the wallet and then from there to the Ledger next week?
3. I'll now start reading and watching videos, but it'd be just lovely if some of you could give me quick advice on how to move crypto to the wallet. I'll start with Kraken, but general tips would help a lot too.

Thank you again! 

Thank you very much DarkIT! As I wrote I'm a newcomer so I just love to hear thoughts from you guys.

I have to say one more time the way you guys have written and basically consoled a newcomer like me has been truly fantastic. I'd like throw a party and include all of you, but as it's not possible I just say humble thanks to all of you!

I've been in a few other (maybe sports related) forums and while I personally don't have problem with others I've never encountered this. Now I won't repeat myself, just wanted you to know that I've been, yeah kind of touched by this attitude and help. 

I'm sorry for using this same thread, it's just that I'm all new to these things and today I just started using Binance and suddenly it looks like all the money's gone. I'm scared as shit already and now this  I thought I had to be hacked (though I tried to do everything as carefully as possible), but obviously there's something going on with Binance. Quite a timing as I'd just started today, I hope it'll be fine and my money is safe. 

GUYS HELP PLEASE!!!!


I started exchanging in Binance today and had a pretty big amount there. Now I can't see any signs of money/bitcoins. First I didn't see it in the wallet, but for a while saw it when trading crypto. Now that shows 0 as well.

The binance website shows following:

Deposit not credit due to system issue, withdrawals not available now. Wallet overview shows 500, transfer abnormal, IOS login abnormal. All noted and IT is working on it, please wait.

I'm on que to customer service, it's #1328 so I guess there's something going on. Does this mean the problem is in Binance and I maybe haven't somehow lost my money? Sorry I'm a newcomer.

Now it's hard to inverse in bitcoin. I had seen many exchanges, their the buying price of bitcoin was increased to huge and even in website like localbitcoin. The traders had increased the price of selling their bitcoin. So if we buy now, we are forced to buy at high price. Just hold at this situation.

And thank you for this kind message too! Basically I haven't been doing too bad on the finance side, due to me being very careful with using money, hard work, and taking the slow way of investing into flats. But I wouldn't mind a quicker way to get some extra 

As I wrote in another message there's bigger things than money in life anyway.


But hey guys, do you want to explain me why you think it's good to put some money into ethereum as well? Somebody said I should just put it all to Bitcoin, but I've put maybe 15% to ethereum and can put some more if needed. If Bitcoin rashes (to some extent) does Ethereum crash as well (typically) or does it first keep increasing as people move their money towards it?

And then, if I invest small amounts (say 50-500) to a few cryptos are some of these ones that could have potential for a vast increase in the future?

Polkadot
Ripple
Litecoin
Aave
Cardano
(Bitcoin cash)

What do you think is the best time to buy these, wait for a potential slump or buy from dips now? THANK YOU AGAIN!

 


   

Thank you! What's past is in the past anyway. I know it was a great chance, partly missed, but after all it's just money and I'm not doing too bad anyway. Now it means my risk is higher as I've still invested some money, but so be it.

During the last year there's been at least two cases (near accident and one health related scare) when I realised I'd give all my money and whatever I have for a positive outcome in those. Fortunately they went well, but that reminded me that while money certainly helps there are more important things in life.

Again such kind words, thank you for these messages! Sorry I reply a bit late, again managed to forget this in the middle of everything and chasing dips, if you can call them such at these prices    Yeah, life goes on. I've now put enough money to feel I'm involved to some extent, still looking for some dips (missed one terribly today and now it's going 1000 dollars higher).

Somebody wrote to me that he thinks I should concentrate on Bitcoin and not invest in Ethereum. I believe this guy comes from the stocks side. However, I've read a lot of interesting things about Ether so I would love to hear your thoughts about this. Also do you think the risk/price ratio might favour Ether now that Bitcoin is so high? And if Bitcoin crashes (to some extent) do you think Ether will then raise for a while? People move money from Bitcoin to it?


       

Don't make an excuse for being late, it was not on your plan either as you are focusing on the real estate investment. Because if you just see Bitcoin's potential, you are actually leaving your old stuff and switch to Bitcoin but, you never saw it.

Actually, you are not the only one having this, many new investors are in crypto, and maybe, most of these people are also struggling in the past, ignoring Bitcoin but for now, they have realized it. And this is the openness we do, we can't simply ignore the name Bitcoin now as it was really on the major talks anywhere.

Do not feel dumb about these things, finance is very difficult and also depends on luck a lot, even the richest and best investors in the world make mistakes, they even get so wrong that they actually bankrupt and governments give them bail out money like what happened 2008 and those are the "top" finance people that failed 800+ billion dollars so do not feel dumb at all if you do not know what you are doing, even the people who are experts fail.

I do not use any ledger or any other hardware wallet so I can't answer those questions but people already did answered them so you can listen to them, typical mistakes are usually investing into things you have no idea about, many newbies "hear" or read about some "potentially 10x coin!!" and so forth and they believe it, research what you are investing into before you put money into it, that is how you will know what you are getting into.

studioman, you're welcome, I'm glad these tips helped - and when you get your hardware wallet, I suggest you open a new thread in Hardware Wallets, of course if you have any additional questions.

In the meantime, you can study all the important things about the hardware wallet - because the more familiar you are with the device, the easier it will be to work with it.

Thank you very much Lucius! Excellent info, I can't say it enough how grateful I am to you and everyone else so thanks again!!

When you receive the hardware wallet, you will begin the initialization process in which you will be shown 24 words that you will need to write down - and that is your backup. The whole procedure is quite simple and explained on the manufacturer's website.


No one can tell you what will happen to the price of BTC in the coming days - currently the whole situation looks very positive, and I do not see what would cause a major correction - although BTC will react to any negative news in the markets - especially when it comes to stocks.


Caution is definitely something that is never enough when it comes to cryptocurrencies, but I have already explained to you that there is no need to panic unnecessarily because your crypto is on an exchange - if you stick to everything I have written to you.

Thank you so much, great info! I just ordered the Nano S and selected the express shipping and they said it's come in a couple of days. So I'll probably keep the crypto in Kraken until that. One less place to pay fees and one less things to study and to make a mistake in 

I'll try to read super carefully how to transfer the cryptos from Kraken to the Nano S (and create folders etc. first). If there's an easy mistake you guys are aware I would naturally like to hear it so I can be even more careful. I'll transfer a small amount first to make sure it comes as expected. One page also suggested trying the backup option before you put any money to see one can make it work correctly. I don't know if this is a good idea or if something could go wrong because of it.     

1. For bitcoins then you can make use of Electrum for erc20 then go for MEW.

2. Yes, some does have static fees and some does have dynamic basing off on the market condition.

3.Yes you can as long it does have the same designated wallet address then those sent funds will surely be credited into the same place no matter where those coins came from.

STILL QUICK QUESTIONS TO YOU KIND SOULS 


I'm ordering a harware wallet tonight. I may keep the money in Kraken until I get it, but for piece of mind I could consider moving some of it to an online wallet.

1. Is there a particular online wallet you'd recommend?

2. Are the fees about the same between different online wallets?

2. Can I move the same cryptos (bitcoins in this case) from Kraken and the online wallet to the same harware wallet? I obviously create a different folder for each crypto so as long as I send the cryptos to the same folder (I'll read more about this) I should be safe? The cryptos won't eat each other  ?   

Thank you for your reassuring words! I guess nobody knows what will happen with Bitcoin especially in the short term, but I'll take the risk. Maybe spread some money, also timewise if I try some smaller cryptos. If it goes then it goes. It's not nice but I can live with it. It'd been much easier if I'd bought it when the value was low but now it's damage control and accpeting some extra gamble. If it crushes down at least I can hold it and buy some more and then hope it goes back up one day. So it's probably not like a complete loss instantly.

But this transfering cryptos from the exchange (and keeping them there while waiting for the hardware wallet), making backups but playing it safe with them etc. is pretty nerve wrecking.
           

Thank you so much, very detailed info so I appreciate it a lot! I'm smiling cause I feel so out of this, or should I say dumb, as I'll have to google what APY defi projects are (yeah I'll check the binance smart chain you mentioned    But yeah I could see myself gambling a bit, don't know how much, but some. I know the point is not to just gamble so I'll need to study a lot, but ultimately I won't become so good that there wouldn't be more gambling than with most (if not all) of you guys in here.

Don't take me wrong, it's not that money is burning in my pockets, but I guess I'm a bit strange and joining this later than I should've I feel I'm obliged to invest into these things. But boy they intrigue me, I just wish there was more time in the day.               

I can't thank you (and many others) enough! I'll now order the Ledger Nano S. Concerning it I'd have two more questions:

1. I transfer the cryptos straight from Kraken to it?
2. I'll try to be super careful, but any typical mistakes newcomers make to lose their money?
3. If I invest a bit in say Coinbase (two spread the cryptos to two places while I'm waiting) can I put the cryptos to the same Nano S? I won't delete it all? 
4. I've now used Kraken. Is Coinbase pro difficult to understand (if I just buy Bitcoin from it)? I read the fees in Coinbase are high so if I can avoid them easily enough that'd be nice.

       

Well by that logic, this is what I would be suggesting you: You should put 15% of your money into high risk and high APY defi projects, go to binance smart chain and you will find plenty of them, 25% of your money should go to top 20- top 50 levels coins, not at top 5 yet but definitely have a future in them, 25% of your money should go towards top 10 coins, omit XRP, BCH, BSV type of centralized ones and go for eth-btc type of ones.

The other two parts that you labeled "chance to make quite much more than from stocks (which may always slump down)" and also "20% to make life changing amount " are the risky ones you mentioned in the earlier ones labeled "chance to lose all my money" because they are the ones that will give you life changing money if you are right about them or lose all your money if you are wrong about them.

*that's an investment, you don't need complicated logic, just confidence...
I didn't believe Bitcoin would touch $ 40k at all but over time the Bitcoin price continued to rise and it made me change my mindset again. as long as someone is interested in Bitcoin, no one will be able to 'kill' it.

Thank you again for these great posts, what would I do without you guys  !!

I wanted to use at least two accounts so the money would be in different places, but like I said there's just incredible problems and obviously not enough people handling these cases. The only ones I have access are Coinmotion (Finnish service) that obviously takes 2% both ways, and Coinbase and Coinbase Pro. Maybe I'm saving in the wrong place, but Coinbase also seems to have pretty high costs and I don't know how easily I could learn to use Coinbase Pro.

So if I use a wardware wallet how do I make a backup copy? I'll search for info, but if you have a bit of time and could maybe write just quickly I'd naturally appreciate it a lot.

At the moment this is like damage limitation for me. I don't know if this is wise or not but I'm trying to buy some crypto little by little, programming some auto buys at different points and watching where this is going. Either I'll have to buy the rest at a higher price or if I'm lucky there's a bigger dip. I'll also have a bit of extra prepared for the possibility of a larger dip at some point.

I'm scared like shit to transfer the money from the exchange. Also pretty scared to keep it there  I'm really looking forward to the day I've got these done, transferred the cryptos and made backups. That's when my life starts again I hope.


 

currently Bitcoin has decreased quite rapidly, it's time for you to buy it. When there is Bad News you have to buy it and when there is Good News you sell it.
If you have a lot of money your decision to buy bitcoin is the right one. Buy Bitcoin and forget about it. You will target at what price your bitcoins will be sold. The current price is high, you just have to wait for it to drop and buy it. besides bitcoin you can also have other coins that have good potential such as ETH etc.

Look at it this way, there's a good chance that nothing bad will happen to your coins if you leave them on the crypto exchange for a while - the only thing to watch out for is to always use the correct link to that exchange, because phishing is responsible for most hacking that happens. So save legit link to your browser bookmarks, check it every time in address bar and save your login data in safe place (not online) + as an additional security measure you can use 2FA, but avoid everything that has to do with SMS (your mobile phone - SIM swapping).

Every hardware wallet gives you the option to back up your seed (24 or 12 words), and most keep it on plain paper, which is not the best option. If you make more than one backup and save them in different locations, that should be enough to insure against most unwanted situations.

My recommendation is not to move your coins until you get a hardware wallet, if you follow the advice I have given, you don't have much to worry about - and you'll save on fees that haven't been cheap lately.

Thank you so much for taking the time to help me, I really really appreciate this again! I guess a hardware wallet is the best option. It's a lot of money, but nothing compared to with what many others do, so a paper wallet might do as well. What I do want is a way to have a backup even if it makes things more risky and another thing I want is that if something somehow happened to me my wife could have an access.

But what do you think I should do to the bitcoins (fractions) I have in Kraken, keep there till the harware one comes? Or move them to a software wallet? Is there something low fee/high enough security available? So I either keep the bitcoin in Kraken until I get a hardware wallet or I move the bitcoins (or part of it) to a software wallet?

Oh you also mentioned a cold wallet. I could use e.g. an old iPhone with no internet connection but is there a way to make a backup for it? I will have to get into this, but of course asking is the easiest way for a beginner. Thank you!!

It depends on which hardware wallet you want to order - Ledger is from France, Trezor from the Czech Republic - and everything within the EU should be delivered within 7 working days, although it should be taken into account that shipments could be delayed due to all pandemic measures. Alternatively, you can check on the manufacturer's website to see if there are any official resellers in your country, which can significantly reduce delivery times.

Since you have in mind to invest a larger amount of money, the recommendations would definitely be to invest $50 + in a hardware wallet as it would be the safest and easiest thing to do. Of course, there is also the paper wallet option, but this is usually done with funds that you store for a long time - and the process itself is not easy if you want it to be made completely correctly and without risk. The third option is the so-called cold wallet - it means that you install a desktop wallet on a device that does not have an internet connection.

https://en.bitcoin.it/wiki/Paper_wallet
https://electrum.readthedocs.io/en/latest/coldstorage.html

More about hardware wallets -> https://bitcointalk.org/index.php?board=261.0

This is great advise, thank you! I suppose there's no problem leaving the money untouched for the next 5 years. The amount I put into cryptos depends on what I believe the risk/profit relationship is. If I believe e.g. the following:

15% chance to lose all my money
25% chance to lose something, like half of it
25% chance to make as much profit as stocks/funds may make
15% chance to make quite much more than from stocks (which may always slump down)
20% to make life changing amount (if not alone by investing it to real estates with 70% loan, 30% own funding=the possible money from cryptos)

This would be enough to invest more than I originally thought. But of course I'd need to know what I'm doing and not just invest it for the sake of investing. Obviously just about all interesting pretty well-known cryptos are quite high now? I've looked at some charts and at least some have been coming down lately.

Agan I'm almost touched by the kind advice and messages. I'll reply to some of these, but basically every one would be worth a reply. Thank you once more to all the posts I got. I thought that as a freshbie who didn't (and still doesn't do much) understand anything about these things and who talks about investing 4 digit number sums could be laughed out. I can already tell there's a great bond between guys and girls like you.  Seems like a world I want to start getting myself into.

I think this makes sense. I'll probably burn some money into bitcoin to "ensure" in it in the case there's no major drops. If I get wins from that I'll probably reinvest that as it's my style (I live a cheap life and invest my money mainly in apartments that I rent). If it were for just myself I would sell our house as too much money is tied to that, I really don't care if I lost most of it, but I don't know if my wife would be as understanding. Well she actually might 

Anyway, this diversification sounds very good. I spent last night reading about altcoins, it's a long process but certainly there's interesting names. Some are mentioned here, too, so I'll take a closer look at those. In your example you obviously mean altogether 2000 to little-known tokens? At this first stage I could see myself e.g. putting 60% to bitcoin, 20 % to ethereum and 20% to other altcoins (maybe Ripple, Polka, but I'll have to get into this). Are there any little ones you find especially interesting right now? Thank you!       




     

Guys, this is incredible, thank you so much for all these posts!!! I thought this thread was dead, for some reason there wasn't reminders in my mail. And I was busy trying to open accounts, can you imagine the newcomer panic 

I can't believe it's been so difficult to open an account.

etoro = doesn't accept phone number -> waiting for a reply from customer service
Binance = verification status still "pending" -> tells to go add a bank card, doesn't work and I've seen I'm not the only one with this problem
Coinbase pro and Coinbase => This one actually works. Coinbase has high fees but I guess I should accept that. Coinbase pro may be difficult for a newcomer.
Kraken = This is finally working. Had to contact the customer service robot but I made my first trial purchase.


I'll go to your messages now, there's quite a few waiting 

The reason why I'd like to invest with a risk is that I basically had been planning to join the previous price jump, but at the moment had my money tied to real estates. Last year I started investing in stocks and all the time it was somewhere in my mind that I should put some money to Bitcoin, but just didn't do it or watch what was going on. I guess it was a scary world and the stocks thing took all my thoughts. Then I realized the prices are 5 times higher and that if I'd got into this I'd certainly invested pretty much money at the time.

Without that I'd be happy to put whatever I put and watch others become rich - or lose their money. Now I feel I have to bite the bullet and risk some money. If bitcoin (and maybe some altcoins) do raise in value I can invest that money in real estates and thus ultimately gain something useful from this. I know it'd be very little compared to being early enough, but still some piece of mind. I'm also fortunate enough to be able to lose some money (of course wouldn't be nice) in this and probably to invest some more if the prices come down a lot. 

So I've accepted I've "lost" a lot and now am ready to gamble for piece of mind. Unfortunately I'm new in this and I have to say I'm amazed by how you've taken me and advised me, thank you so much!!! Now a couple of more questions:

1. So I have an account in Kraken. I live in Scandinavia and I don't know how long it takes to get a harware wallet sent here. Obviously there is no wallet in Kraken, just the exchange part. So if I buy say 10-20 000k of cryptos where should I transfer the money? I've tried to read this and obviously there's online wallets, I guess that's better than nothing. So do I open an online wallet and what do you recommend?

2. Obviously there's one in Coinbase but are there large transfer fees etc.? Or should I send the cryptos to Coinbase Pro? 

3. And ultimately, maybe a paper wallet would work, but do I then do that from Coinbase or from another hot wallet?

 THANK YOU GUYS, SO SO MUCH!!!









 

Rather than take advice from us on what would be the best thing to do, why not put up a market test. You will trade with a low amount and see what strategy will work for you. It's not advisable for you at the moment to just fill your bags quickly as you don't have any idea what you are doing.

You have funds to spare and I think you afford to lose it so use that for the moment while gaining knowledge.

I'm not the type of person that will tell anyone to just buy bitcoin. Even saying bitcoin has a future, that is non-sense if you don't know how to manage it. Trade little by little and don't stop until you understand even the basics.

No need to cry as buying dips will also bring some profits to you. Did you buy the dip that happened on 14 Feb? Excuses don't work in financial world and you should take action and wait for its reaction instead of looking for help. There are new IDOs taking place and many coins are still undervalued with a chance to go up any time. Why are you still waiting? Go, find some by DYOR and then invest. Nobody can tell you that specific coin to buy because you will blame them if it will not perform.

Few years from now and if bitcoin's price will be high, same sentiments that we will read. They missed out on bitcoin. There is no wrong time for entry in bitcoin. As long as you can get profit from your buying price, it is still good. But if you feel it is too expensive now for you to get in, what will be your impression in the next coming months if bitcoin will hit 60k? So what I am trying to convey here is that, no one can give you a plan because it is your money and it is a matter of how you strategize your funds to get the profit from your buying price.

50:50

Buy 50% of that capital bitcoin and use the other half for buying Ethereum. As you've said that you're not rich but do you avail to lose that amount? just like any other investments, you should be strong enough to invest in assets.

Another option is to use 80%-90% of that capital for bitcoin and the remaining depends on your choice of alts.

You buy bitcoin and hold it, and that's the strategy you only have to do.

20k euro is a lot of money, don't know your situation and what you want to do but there are few things you need to check before you can get involved. First one is that you need to make sure you will absolutely not need this money for at least 5+ more years, this money is gone for five years and you will not touch it, can you guarantee that you will not touch this money as long as you can? If you can guarantee it, you could get involved.

Second thing you need to do is make sure you have a goal in mind, you want to make that 20k into 50k? You want to make it 20k to 50k? Or 20k to 1 million? All of them are different, some of them are easier to achieve whereas others are very difficult and requires risk taking. So, if you want to make sure that you get into this, you first need to know what you want to do in the crypto world before you get in.

No one missed the opportunity to buy Bitcoin, there is enough for anyone who wants it at the moment. What people find hard to come to terms with is the fact that the price is now almost $50 000, and until a few months ago it was even 5 times lower.

How do you make a plan now that will fix the situation in terms of taking things back? I see only two options here - invest now regardless of the price and believe that the bull run will continue - or wait for a new big correction that should happen as every time so far - or maybe not.

As I see it the current situation is that Bitcoin is increasingly positioned as something that only the rich can afford (by which I mean some significant amounts), while the average Joe conflicts with the numbers in his head with how it is possible that his $100 can now buy only 0.002 BTC. Until Joe waits for a better opportunity, for the same amount of dollars he could soon get only 0.001 BTC...

Of course, I recommend that you invest in the Top-5 cryptocurrencies with your deposit of 10,000 euros, then for another 2,000 I would invest in little-known tokens, which have promising projects and change their strategy every month. I do not recommend that you invest in only one bitcoin, it is best to adhere to a diversification strategy.  I wish you good luck!

20k - 25k is a big sum of money. Of course you are late in the game and you will end up with a loss if you buy bitcoin or any altcoin at this price trend. The market recently pumped and you are not the only one to get attracted to it right at this time. Nobody cares about bitcoin when it dumps and become bearish - do they?

Putting that aside, you have to first learn to see buying points, right now like I said is a bad time to buy bitcoin because the pump is in my opinion an inorganic one and will drop very soon. Either way choosing a buying level right now is a tough thing to do. I would go with the <30k USD price range to buy but even that is pretty high comparing to what we saw in the last 2-3years. The best way to determine this is to wait for the bull market to reverse.

Important thing is patience. Newbie traders get burnt out because of their enthusiasm, hence dont get too cocky on things.

You're thinking and worrying a lot. Just buy bitcoin without any worry and keep it. Wait for the price to increase from your buying price and then sell it once you're in profit if you want.
That's all you need to do and hold it. Don't look at the daily price because it might hurt you emotionally.

The answer is quite simple. The good and best plan is to study, have your own research, and analyze the market on yourself then just enter the market whenever you already had figured how much risk you can take. Crypto market in general aspect is volatile and fluctuates sensitively depending on the flow of the crypto community. It was never to late, and never let yourself be FOMO just because of the current hype. You've already stated on your thread subject that you missed out. Yes, but that must not be your reason to just invest in Bitcoin.

Here's some of my personal suggestion, yet never take this as a financial advice. DYOR and TAYOR.

• BTC in current charts seems in to bullish divergence. It is still altseason so better focus on investing or trading in altcoins.
• ETH, SAND, NOIA, and LIT has the most potential of gaining twice of their current price within this year, or maybe more. But remember, once you already had enough profit, take it and search for another alt that might have a chance.
• Try investing as well on Polkadot projects, but be careful as there are tons of projects that were fake and imitation of the other legit projects.
• Never invest without stop-loss, unless you really had convinced yourself that the crypto you are in would increase.
• Again and again, take a time to research and never let yourself be convinced on just the hype. This isn't a race.

Ah, the classic "too late" argument that people have been saying since like $20,000. Guess what happened to the coins bought at $20,000 if they just simply held and be patient? Probably nothing special, just an easy 145% increase in less than 3-4 years. And bitcoin hasn't stopped increasing yet.

Here's an easy and nifty "trick" for you: https://dcabtc.com/

I have seen a lot of newbies asking the same question. Have missing the big pump that we have seen in last decade with bitcoin is not just a casualty. A lot of people make the same mistake and probably the were aware of bitcoin.
But the idea that it can be achievable this type of returns with another crypto currency it's something very hard, and implies the risk of getting 0 at the end of investment.
I get some data from this topic https://bitcointalksearch.org/topic/the-next-100x-1000x-coin-2106360 "The next 100x or 1000x coin", where people trying to guess/suggest the coin that could receive a big pump.

and these are the results after 3 years:
13,18% Reported a positive result.
10.83% Reported a 0 (total loss)
the others just negative results (prices go down).
(full post here https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq )

You should think a lot before investing in crypto because the profit isn't easy at all and mostly of advertised product can be just a loss of time (and money!)

Depends on you . If you put now 5k on bitcoin and you wait for the bitcoin price to go to 150k , it's useless to wait to buy at 49k or 48k . Altcoins to look , link , uniswap , theta , zil , dot , egld , iota , xlm , ada , maker , vet

Thank you so much to you too! These may be basic words to you guys, but for me they are valuable parts of the lesson. The way you put it with opportunities sounds much better  I'll get into these. I'll try a couple of more questions:

If I decide to put say 5000 to bitcoin in the first stage, while I'm still stuying the whole thing, is there some particular advice for this move? Maybe try to look for a good moment (when the price is kind of low for the day/days) and that's all  Or maybe set a price limit a bit lower and see if it gets done.             

Are there any particular cryptos that you guys find especially interesting right now (apart from Bitcoin)?

In trading; there is nothing like missing out because there are always oppportunities to invest or trade. The first plan you need on the blockchain trading space is one that lets you learn crypto currency trading. Then another plan that guides you on cryptocurrency market. With consistencies; i suppose yyou will be able to make better choices in the near future. The market is always there for the taking.

Always do your own research

Thank you so much for your reply, I really appreciate it! I guess you're right, I should probably bite the bullet and accept that I missed the cheaper price and now need to buy for whatever is available. I suppose you guys over here are conviced that it's very likely cryptos will go up sooner or later?

If I'm 70% convinced cryptos will raise in the coming years I could move some extra money from the stocks, but it's hard to be that convinced when I don't know much about this. I've read all kinds of things and most seem to feel positive about it, but I wouldn't mind some more convicing   Of course it's always my own decision and risk. Is there other particular cryptos I should look at and at what percentage would you put money to different ones? Thank you so much again and it'd be nice to get thoughts from others too!

First you need a plan . You don't invest with stop loss , if you invest in crypto you just hold without stoploss . If you want to trade , there you go with the stop loss . Put money bitcoin , eth and some altcoins in the  top 30-25 coins in the market , leave them 1-2 years , and you will see how much money you can make with the patience . Don't be emotional , let the money work for you It's never too late in crypto . You'll see , 40 k is to big , 100k is to big and you will never go into it . Go right now , and just start . !

Sorry I want to add that it's not like I think money means everything or that my situation is tough. In fact I feel quite lucky to be in a situation where I can put some money for these things. It could be better, but could be worse. I also want to say that last year there have been two situations which were so alarming I would rather have those end happily than take all the money in the world. Money helps things, but there are bigger values. But I'm also prone to cycling thoughts in my head even if things are well in general, so I'm trying to find a compromise and asking for your thoughts to make right decisions and maybe find new investing options from cryptos.  

I hope you accept a novice like me probably looking like a fool   For a couple of decades the only thing I've invested in has been flats and houses, but thanks to it my financial situation is good enough to accept some risk. I started investing in stocks and ETFs last year and have spent a lot of time practising it. The start has been good enough.

However, while getting myself into that I forgot to pay attention to the crypto side. All the time it was somewhere in back of my mind that I should put some money into bitcoin, but it was such a new world to me I never remembered to get into it. Then to my horror I realised the price has skyrocketed. Well now I've studied some basics and opened a couple of accounts, but it's kind of too late. If I'd actually got into bitcoin I'd probably invested at least 10-15 000 euros in it, which would now give some piece of mind to wait and see what happens. Maybe take what I invested out.

BUT I didn't. So now I'm wondering what to do. If I don't do anything and if there's no major dips anymore my "loss" gets much bigger. But if I put money in it I accpect that not paying attention cost me tens of thousands and then there's the possibility of a dip, which would let me correct a part of the mistake.

I have about 20-25 000 euros to invest in cryptos, some more if there's a terrific buying opportunity. I'm not rich but I've lived a pretty cheap life and worked hard to be able to tolerate losing maybe 10-20 000 and my life would go on with some more too. As long as it's for a good reason and a piece of mind (by not missing out completely) may be a good enough one.

So what would you guys who actually know about these things suggest? What do you think would be a good plan? Maybe put 10 000 to bitcoin now and wait and see what happens? Or are there some other cryptos I should buy? Maybe spread the money? Is there a better buying opportunity for something else right now? How well has stop loss worked with Bitcoin? Maybe I'd invest 6000 with no stop loss, 6000 with a stop loss to 25% lower? Then see what happens and buy more if there's a dip. I know it's a shame I woke up too late so I don't need to be reminded of that, but I would really really appreciate if you could share your knowledge of how to salvage whatever can be salvaged, thank you!!