The original post: /r/cryptocurrency by /u/Timeforamunch on 2024-12-11 22:09:00.
Hi guys!
I’m 19 years old, I started to work sales for a tech events company full time a couple months ago. I’ve been researching into crypto for about few months now as I want to be smart with my money and due to not being old enough, I’ve missed out on a lot of crypto opportunities previously, I don’t want to miss out on any more. I’m fortunate enough to live with my parents, allowing for me to save 66% of my income, and I’m also fortunate enough to have a pretty crypto-savvy dad.
My current plan is to not expect any gains from this crypto cycle - I’m too late and too inexperienced. If I get any, that’s great, but I’m not banking on it. I’m pretty disciplined with my money so FOMO won’t be an issue. I want to start planning long term about crypto investing and who better to get advice from than 9 million internet strangers lol. Current plan is to invest in a couple of alt coins with 50% of the 66%, and DCA out in set increments I predetermine to not get greedy. The other 50% I’m wondering whether I should keep in FIAT currency until the bear in a year or two or should I put it into bitcoin?
I’m going to get a cold wallet to keep my crypto safe and I have a fresh laptop ready for crypto investments that will be for crypto trading only to prevent scams and hacks.
I realise that I probably won’t make any proper gains till the next cycle, which I’m happy with, but I want to be fully prepared, what should I do to prepare, either this cycle or next cycle, or any tips and advice you can give a young investor whose in it for the long run and is convinced it is going to be the future of currency? Thanks guys and sorry for the plenty of mistaken assumptions in this post.
P.S. I will never leverage