Hey guys. Finally decided to get me some coins. I have about 10k to spare. any recommendations?
As a long term investment I don't think its too late but I'd advise waiting for the first signs of recovery after this current dip before buying in.
Investing around times of insane record highs and the early/middle stages of subsequent corrections (like now) isn't advisable with any stock imo. The desire to do so is just FOMO.
The pattern of bitcoin seems to be: long period of steady increase > huge sudden increase > equally sudden correction > long period of steady increase etc.
Right now we appear to be in the midst of a correction phase after the most insane price jump bitcoin has ever seen. Just look at the graphs and you'll be able to see when bitcoin has returned to a more steady upwards trajectory.
If you decide to invest then try not to obsess over the live charts because it'll just send you mad and you might end up panic selling at the first sign of price decrease. Remember, its a very volatile asset to own, it can jump and decrease a lot just in the course of a day.
Personally I'd recommend pulling out your original 10k the second you see 100% gain on it and just play with the remaining 10k profit btc. This way if it crashes you'll have only wasted time as opposed to time and money.