Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
My tips
It is said not to keep money on the stock market, and keep them in your private wallet. I do not support this approach if you invest in very small amounts in altcoins. Charges for flipping currency between wallets (private / stock market) will absorb almost the entire profit you earn. This approach makes sense for major investments.
Make sure that the withdrawal fee is less than your profits you have earned. If you have earned very little (or even lost), why not stay on the stock market a little longer to get the value of your investment bounced off the bottom? (you will not always wait, sometimes you will go bankrupt)
Do not buy on the hill and in the hole. Buy when the price of the currency is relatively stable (though low). Buying on the hill, you risk that in a moment you will meet the so-called correction and you will lose a lot on it. When buying a hole, it is very possible that you have not yet found the "real bottom" and this currency will continue to fall.
Read anything about the currency you are planning to buy. Do not go for currencies that are simply cheap, or have a sudden increase of + 300%. You must know what you are throwing in money. I do not recommend investing in a currency of which you know the absolute NIC and hear its name for the first time in your life;)
Diversify the risk. There is no such thing as 'sure altcoin'. The price of each can glide up and hit the floor. So, spread your money between several different currencies. Average losses and gains should give you some stability. There is a small chance that all altcoins will collapse at the same time and none will gain value.
Invest in the long term. It is a shame to live for daily investments (you buy in the morning, sell in the evening and have, for example, 1-3% of profit).
Avoid any ICO (Initial Coin Offering). I'm not saying that all of them are scams, but the investment in these offers is many times more dangerous than the usual game of cryptocurrencies on the stock exchange (these are coins without a past and an unknown future). Without proper education, reading whitepapers from developers, etc., it is not worth to play. If you approach an investment in altcoin as an experiment, not a business idea, believe me - you do not have time to analyze the ICO offer.