People who know that I keep an eye watching what happens with various cryptocurrencies (not just the ones in which I've invested) sometimes ask me, "When should I invest in crypto; when's the best/ideal time?"
The short answer is, "Now; you should invest now, if you have $100 or more (more is better) you're prepared to not see again for five to ten years". I don't mean "now, at the time of writing" (since we're in the middle of a bull run, in case you haven't noticed). I mean now as in "as soon as you have that much money spare". Obviously, buying in a dip/low is better than buying on the top of a high/peak/spike, but even that probably isn't going to matter much in five to ten years' time. Why? Because unless you're particularly unfortunate enough to not do your own research and you also get your timing horribly wrong, a spike now isn't going to be that big of a deal ten years from now for the currencies with proven track records (BTC, ETH, LTC, XMR, XRP, etc.). These currencies almost always tend to trend upwards, with the occasional long-term major correction. (Case in point: Bitcoin. Just look at it's "all time" graph for the fiat of your choice on CMC.)
The best time to plant a tree was twenty years ago. The second best time is now. (A Chinese proverb)
The other thing I tell them (other than "do your own research", obviously, is, "When evaluating the growth of a coin, look at the increase from dip/low to dip/low, not high/peak/spike to high/peak/spike; that's the real assessment of growth/increase in worth".)
Don't play it safe and wait for an "ideal" time when you've got all your ducks in a row and are ready. You'll never find an ideal time when everything's rosy (just as, sadly, I'll never find the ideal language that makes me a better software/Web developer). The ideal time to invest is now, once you've finished reading this (and hopefully tipped me for it), just as the ideal language is a combination of assembly, C/C++, Python and Nim (as far as one exists; what I, most likely, really need to learn is the right techniques).
Post thumbnail photo by Anna Nekrashevich on/from Pexels
