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Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?
« on: June 10, 2024, 08:52:56 PM »By so doing, invest with how much you can afford to lose. You don't invest more than your limit. If you ought to, invest in bitcoin. With that you are sure that, you will be never be at loss side, as you hodl bitcoin for long and you learn to imply a DCA strategy.
The mistake that investors do, is to rush into altcoins investment because it is more cheap than bitcoin. Investing in them(altcoins) is preferable than bitcoin because it can give huge profits than Bitcoin. Forgetting about the vulnerability that comes thereafter like been rugpulled by their owners.
A person should not invest too much that his life will become dangerous due to the less amount for daily purposes so if a person doesn't have enough to spend a better life then there is no need to invest a large amount of money.
If someone is not able to invest regularly by applying the DCA method then invest little amount during the bear season is also enough because you will think about yourself and your financial situation not about the thoughts and suggestions of others.
Altcoins are also good for making investments but due to some scams projects people lose their trust in all types of altcoins but it is the reality that most of the individuals have made a good amount of money through altcoins investment so don't afraid of it but put money into that altcoins about which there is an evidence that it has given profit to its holders so you can find profit making altcoins.