I'm going to stop posting here, because it's somehow not received well to give constructive criticism for fomo investment strategies. One last piece of advice from me on this thread for anyone buying now or in the future (don't bother reading if you know what I'm going to say & you don't like it) :
1: it's not investing, it's gambling. If you really need to participate in this market, if you can't resist: Don't put in more than 2-2,5% of your money. Period, don't stretch it. Hold real assets & most importantly hold on to them. From a monetary standpoint, that'd be gold & silver. Also, if you have decent gains on that 2% you put into crypto, don't be the one that's left holding the bag. Sell when you sit on nice profit & pass it onto the next guy. Buy back value with that profit, things you can actually use.
I invested a couple of times with this rule of only putting in 2%. The first time, greed took over, I sat on 4 digit % gains & didn't sell. It came crashing down in no time & I capitulated at 100% profit. Second time (this bull run), I got out at the top (by luck). Other's I know weren't so lucky, went in with more than they could afford to lose, bought the top, sold the bottom, lost thousands & were sad. Third time? Well there won't be a third time for me. I just did it out of curiosity, to understand it, not because I believe in the concept of cryptocurrencies. In fact, I think it's very dangerous & I don't want to to support it by putting money in anymore. It's a road to a cashless world & I'm sure we don't want that to happen. I also dealt with the emotional & sensitive community a lot, through telegram & twitter, apart from the scams that are everywhere, it's the greed, blind cult-like following & ignorance of the investors that really put me of. Most are willing to lose everything, even if they put all of their money into it. And they motivate others to do the same. The craziest thing I saw was a guy in a telegram post, saying he lost everything & his wife left him because of holding & not selling. He ended up selling the bottom because he said he had to pay his medical bills somehow. He believed holding would pay off, because others with no moral conscience told him it would be a good idea. Really felt sorry for the guy, but it's his own fault.
Anyway, that's all I wanted to say about this topic. I don't want to be a downer or anything like that, I just think it's important to tell some people who are new in the market to be very cautious. There is too much euphoria & irrational behaviour, not enough critics. Good luck, have fun, stay rational. 👍