Everyone around me is going crazy over crypto, and I'm thinking about giving it a try too. But I'm scared because I bought some last year and it got cut in halfㅠㅠ. Should I view it as a long-term investment, or is this the peak right now? Let me know your thoughts.
If you jump in now, you're buying at the top; if you don't, you're missing the opportunity. Ultimately, it's about whether you can handle the risk or not. But if you don't do it because you're scared, you'll never get rich lol.
I also put in 2 million won last year, and it dropped to 800,000 won. But I just forgot about it and lived my life, and after half a year, it went back up to 1.5 million won. I think taking the long-term view is the right approach.
Oh, I didn't know that. But wouldn't it be safer to just buy in small amounts through dollar-cost averaging?
Disagree. Last year's halving was a normal downtrend, and now we're in a rebound phase. The real peak hasn't come yet.
Well, that's a bit... I've been stuck for three years, holding on believing in long-term investment, and almost lost everything. Be careful.
This is right lol. When everyone around you is going crazy about it, that's usually a top signal. Speaking from experience.
Agreed
Isn't it a bit late to get in now? If it halved last year, just hold on.
Same hereㅠㅠ It feels like it's at a peak, so I'm just watching and waiting.
Do you have a source? Honestly, since it's still an early market, some say it's fine in the long run.