/biz/ - Business & Finance

>>28147609
First off, hindsight is 20/20 and you shouldn't beat yourself up for what Past You did, because they couldn't know. Secondly, you're beating yourself up for not quasi-daytrading into BTC? The ideal investment is one you place expecting ample returns within 2-3 weeks, not 2-3 hours. Even BTC and ETH took years to reach the hideous prices they are. If the stars align and Rubic remains Cubic, we might even see it become a $1,500/RBC crypto.

>>27837738
>So do I buy XRP or buy ETH??
ETH is mooning right now, so you could possibly buy into the collapse to profit off the the dead cat bounce, but XRP is already on the dead cat bounce, so ETH is really your best bet right now, you just gotta wait for it to go down.
>I am not a financial advisor
The trick of this thing, I'm realizing, is to look for the chart as posted >>27837684 here. Every stock and every crypto, with highly profitable yet highly unusual exceptions (such as the Dot Com boom) follows this trend. There's a pump, a dump, and then a smaller yet still significant rise (known as a dead cat bounce) before collapsing back to where the price was before. If you can't see the trend at 1hr or 1d, look further out. ETH is at Enthusiasm/Greed right now, and XRP is just climbing out of the Bull Trap.

Things get complicated when you consider, however, if the "return to the mean" isn't actually the mean at all, but a higher price like what DOGE is showing. Don't see this as missing out - that's how you get FOMO and you will NEVER make a good financial decision off FOMO (ask anyone in /amc/ or /gme/) - it simply means you missed out on the latest market trend. Don't see it as missing out on getting rich, treat it as missing out on any other enjoyable yet ultimately excusable event (like missing out on a discount for your favorite soda.) There will always be another chance*.

*Put a big fat warning on that because you gotta look at external actors too - the chart is often how stocks work, but it also depends on the industry, CEOs, the market, etc. You'll never see Blockbuster exhibiting the trend, for example. This is why avoiding FOMO is important, because otherwise you get trapped in a fantasy where AMC will rebound and go back to being as it was pre-COVID or pre-Streaming. Use your noggin, it's more valuable than people give it credit for.