I have for 1 week hesitated to get into the Crypto market because I'm very new to Crypto investing and I don't want to make misstakes (which paradoxically is how you learn to invest). I have money loaded up on the exchange market and it's waiting there for me to buy something with it. My plan is to put 50% in BTC and 50% in alt coins, but I'm afraid to miss a Bear market. I'm NOT a trader, I'm in for the long run so maybe I should worry to much about timing the market?
Can any of you people here give me some solid advice?
That statement will resulting you loss in every trading Bitcoin or an Altcoin,
you're new in cryptocurrency so what you should do is not how to turn a market from Bull to Bear or something like that.
back then when in 2015ish,i was like you trying to find out what is going on and what will happen,
you should know a lot of shiller and fudder talked about shit like this coin will be pumped or this coin will dumped or bla bla bla..
the most important thing is your financial support,and other than that a little research about an altcoin.
remember this : Buy on rumuors and sell on news
so,when an altcoin telling us the news about their coin development,a dump will happen and a pump will happen when someone trying to make a rumour about it like this coin will get listed on poloniex or bla bla bla..
i just want to give you an advice,don't put all of your money right now into altcoin.Just buy a Bitcoin and use 5% from it as your capital to trade an altcoin,try to familiriaze yourself into it and feel it.
no matter what will happen,Bitcoin price always hit another ATH in every year.
why i said financial support,sometimes when you heard about a good development in certain coin,a huge dump happened.
it's not because of that coin turned into scam project,but the rich man trying to accumulate more coin to get a big return in the future and this cycle will take a little bit long.(some of my friend holding an altcoin when it's showing their excelent development,he believed in this coin and in the result around 1 year of hold he got 100x from his initial amount.)