Since you have already done it then there is no going back.
The current situation in India is pretty poor in terms of the pandemic, so Indian stocks are and will drop with time in the next week. You could have bought then at low and kept holding them for profits in the next few years.
On the other hand crypto might seem a good option but you are forgetting one basic concept of trading that is going ALL IN in any sector is bad because you have no other method to manage your risk in case that asset class drops in value.
2 years of stocks trading is little time to reach a conclusion. I would personally advice you to rethink your decision. Distribution of funds into different asset classes is important. Both bitcoin and stocks need to be owned if you are diligent enough. However choice is stocks is also important there - FMCG, Utilities, Financials will have a demand in this pandemic - you could still get into them this Monday, if the Sensex crashes again.
Take this decisions wisely, not emotionally.
The current situation in India is pretty poor in terms of the pandemic, so Indian stocks are and will drop with time in the next week. You could have bought then at low and kept holding them for profits in the next few years.
On the other hand crypto might seem a good option but you are forgetting one basic concept of trading that is going ALL IN in any sector is bad because you have no other method to manage your risk in case that asset class drops in value.
2 years of stocks trading is little time to reach a conclusion. I would personally advice you to rethink your decision. Distribution of funds into different asset classes is important. Both bitcoin and stocks need to be owned if you are diligent enough. However choice is stocks is also important there - FMCG, Utilities, Financials will have a demand in this pandemic - you could still get into them this Monday, if the Sensex crashes again.
Take this decisions wisely, not emotionally.
Yes, I have indeed thought about it well enough to execute the plan. I am aware of the consequences and I know the fact that there's an equal amount of risk associated with my decision.
But at this point I think the risk is to be taken and I hope my strategy would work in the current market.
The recent correction is definitely an advatage and I think this would be the right time to make some little investments in some coins.
I am thinking to invest 60% in crypto and hold the rest 40% just in case there's another dip.
