facebookIs it too late to get into Bitcoin or altcoins? - Seedly

Anonymous

21 Feb 2021

βˆ™

Cryptocurrency

Is it too late to get into Bitcoin or altcoins?

I'm afraid that the dump in 2018 will happen & it seems quite pumped up rn. But the fomo feels is strong

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Presley Soh

21 Feb 2021

Trader at Octafx

In my opinion, allocate a small percentage of bitcoin to your portfolio, as it can be volatile. Make sure that you can afford to lose your initial investment before jumping on the bandwagon.

Plenty of crypto news talking about the usual BTC ETH DOT ADA LINK DOGE and so forth, but not many people know that Singapore has its very own blockchain startup Zilliqa with its native utility token ZIL.

Zilliqa implemented sharding before Ethereum launched Ethereum 2.0, has instant transaction finality (compared to 15-30min for BTC, ETH, and some other ETH replacement projects), and has a much higher transaction throughput per second.

Zilliqa is a hidden gem; it is not an American project so far less people know about it and talk about it. Zilliqa is a leader in the region to power the future of ASEAN Open Finance.

So if you're looking for something undervalued, Zilliqa is something to consider.

Attaching an infographic below for comparison (note this was dated some time in late 2020, I believe?)

Disclaimer: I am not a financial advisor and this is not investment advice. DO YOUR OWN DUE DILIGENCE and invest AT YOUR OWN RISK. Plenty of articles on Zilliqa available online! Cheers

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The mindset of fomo can be a very slippery slope. Be careful of that mindset. However, having said that, NO it is not too late to get in on the crypto mania. Personally, I believe there is alot of growth and upside to digital currency. It is here to stay no matter what some naysayers might say. I accumulate coins of interest and do not trade them actively. Only buying small amounts whenever there is a dip opportunity. My whole philosophy is that these coins have not seen the light of day even at its current "valuation". The view is long term and definitely not a quick get rich scheme. Have a strategy and stay invested!

Recommend back in OCT when everyone was recommending some sing 2.5PA%. Now everyone want to get in Bitcoin because of some hedging narrative. (which is just a perspective).. Are we in Bitcoin bubble, yes we are.

Can still buy? Yes, if you can hold through when it dump.

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It's definitely a higher risk when a product is at it's highest point. And to make things worst, it'...

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