ive been debating between Solana and Bittensor i wounded up buying both trying to buy when i thought it wasnt going to be at the lowest Bittensor it was at $310 when i bought it yesterday and now its down to $290. i logged in a couple hours ago and saw i lost $5 i bought Solana today at $92 its only down a % i thought it was a good time to invest since the price was consistently going down and i was hoping to buy before it would go back up ive been watching them over the past few days. my question is are these good coins to invest should cut my loses and sell/convert to something else or should i leave them in do they have the potential to go higher over the next couple months if im doing something wrong please let me know im very new to investing in cryptocurrency and i would like to know more. Thank you to anyone who can give me advice.
The best time to plant a tree was ten years ago.
The next best time is today.
The next best time is today.
low risk?buy low sell high. high risk?...the best time is when its low. if everyone is chasing fingers crossed on going up single digit % at a record high,youre asking for a lot of risk. if youre willing to take risk and dont need the money for a while,the best time to buy is whenever you have spare money. if you want low risk high gain,youll spend most of the year or years not participating in the market at all,waiting for the major crash. also most reputable coins are locked roughly together, if youre choosing between SOL or BTC or ETH youre better off just focusing on one token since theyre all going to carry about the same market risk. XMR is an outlier but also less predictable.
if that was too many words and you need something simpler with low risk,buy low sell high. if the spot price on the chart looks high compared to last three years,do something else for a few months and check charts again later
if that was too many words and you need something simpler with low risk,buy low sell high. if the spot price on the chart looks high compared to last three years,do something else for a few months and check charts again later
i thought i responded to your message but to answer your question no it wasnt a lot of words actually i dont think it was enough i would like to know more
if you want to know more about something specific ask follow up questions based on what youre curious about,elaborate more on how much in assets you have, how much youre willing to lose,how much you want to make, what percentages are you looking for stuff like that.maybe in thinking of those things you might answer some of your own questions))