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beforehand I will say welcome to the forum. because you came on time and asked in the right forum.
As for your case of starting out, I don't think there are any bad times when it comes to investing, because basically investing is largely keeping some of your money in crypto over the long term. therefore you don't need to choose too much crypto. because enough with Bitcoin and Ethereum means that you have chosen the right decision.
As for the time to enter and buy, you don't need to wait for a sharp decline time, because bitcoin and ethereum will continue to grow from day to day, even though you buy it at a high enough price on the pretext of long-term, all will be paid off with profits at a later date. however, it comes back to your mental readiness in dealing with bear market situations, because investing and trading are different.
simply put, investing is to store your finances in bitcoin for a long time without trading in a short time. as for the definition of trading, it means that you must continue to visit the market and check for price increases according to a specified time period, for example daily, weekly or monthly. depending on your own target.
So which one do you feel comfortable with, investing or trading?
As for your case of starting out, I don't think there are any bad times when it comes to investing, because basically investing is largely keeping some of your money in crypto over the long term. therefore you don't need to choose too much crypto. because enough with Bitcoin and Ethereum means that you have chosen the right decision.
As for the time to enter and buy, you don't need to wait for a sharp decline time, because bitcoin and ethereum will continue to grow from day to day, even though you buy it at a high enough price on the pretext of long-term, all will be paid off with profits at a later date. however, it comes back to your mental readiness in dealing with bear market situations, because investing and trading are different.
simply put, investing is to store your finances in bitcoin for a long time without trading in a short time. as for the definition of trading, it means that you must continue to visit the market and check for price increases according to a specified time period, for example daily, weekly or monthly. depending on your own target.
So which one do you feel comfortable with, investing or trading?
Thank you, hopefully I can learn more about crypto in here.
I feel most comfortable with investing, since trading is a completely new world for me, but that said, I am interested in learning trading. Maybe I will just play around with a small amount and see where it goes.
By the way, when I invest, should I keep whatever I buy on a hardware wallet or online?
- Let's say if I use binance or coinbase.
