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Anonymous
Hi there, recently i have just started investing in cryptocurrency. i have initially invested $500 in buying different coins and now my gain is almost 1k, should I pump in more investment in it ?
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Robin
23 Mar 2021
Administrator at SG
Just set aside some cash and buy only in the huge dip. No need to be to eager to get in. Crypto is still a speculative asset.
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Common thinking people have is to buy more only after they made, and sell if they lost.
This causes you to buy at higher prices and sell and Low prices. May want to take sometime to read on more investing books before jumping on the train from FOMO!
“An intelligent investor is one who realised that when prices are higher, risk increases not decreases.” - Benjamin Graham
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To answer you whether to invest more in cryptocurrency, the answer can only come from you.
If there's a big dip, can you hold till it's a gain before selling? If you have set aside a pool of money that you are prepare to lose all of it, of cos you can invest more in cryptocurrency...
Just make sure you do your due dilligence before investing in crypto...
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ABC
19 Mar 2021
ABC at ABC
As with all investments, due diligence is needed, and I would suggest you read up on the risks of cr...
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Not going to say you should or you should not, but there is this quote from one of my favourite crypto VC: 'the most tilting conversations are the ones where normies regret not buying it then, when they should regret not learning enough to buy it now'