Investing in individual stocks or mutual funds is a suckers game and this applies to investing in crypto currencies as well. In some of my other post i have mentioned that 90% of people are better off investing in index funds, i came across is video that have over 50 years of data to back up these claims. They found that even the professionals cant beat the market even within a few years and the longer the time frame the less likely they are to beating index funds. This is mainly due to the higher fees , even if they are only a few percent more with the magic of compounding you will be surprised how much they add up.
Crypto is in its early days so this might not work out to be exactly the same but there is a good chance it will, that is why i only invest in the closet thing to an index crypto fund we have atm its called C20. Nobody knows what is going to happen , if they haven't beaten the market in stocks over the last 50 years they sure arnt going to start in the crypto markets now. Its always best to hedge your bets. Dont fall for all this TA people are doing especially in crypto as its a good chance they are some 18 year old know it all kid.
Bibox: C20 available here
https://www.bibox.com/login/register?id=11143815&lang=en
My website: https://www.satoshiscoop.com/
Cryptoslice Facebook: https://www.facebook.com/cryptosliceaustralia/
This is not professional financial advice please do your own research before making any investments.
