It's understandable to feel uncertain after experiencing a dip in your investment, especially when you're just starting out. A drop from $53 to $43 in a week can be disheartening, but this is a natural part of the crypto market's volatility. Cryptocurrencies are known for their price fluctuations, and it's important to remember that short-term dips don't necessarily reflect the long-term potential.
As for your plans to invest 10-20% of your salary each month, it's crucial to have a clear strategy and understand the risks involved. Many investors use dollar-cost averaging (DCA), a method where you invest a fixed amount regularly, regardless of the market’s ups and downs. This strategy helps mitigate the impact of market volatility over time, especially if you plan to hold for the long term.
Regarding your concern about long-term holding, many people do see potential in crypto over 1-2 years, but it's essential to choose your investments carefully. Coins with strong use cases, established communities, and active development teams tend to be more resilient. Some relatively safe options for long-term holding include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These are considered more stable due to their market dominance and the ongoing innovation within their ecosystems.
In the end, while crypto offers significant growth potential, it's important to invest what you can afford to lose, given its inherent risks. Diversifying your portfolio and keeping a long-term mindset can help you navigate the ups and downs of the market more confidently.
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