How much % of your assets are allocated to crypto?

[joniboini]

I think the confidence people have towards cryptocurrencies and digital assets is increasing. People are adding more funds towards investing. Not only is the confidence increase, the government in some countries have reduced tax rates and there is the urge to borrow to add to the investment pool..

Where do you get that data from? Is there any research on this topic? What indicators do they use to judge whether people's confidence toward crypto is increased or not? I do realize that my local exchanges offer a lot of new products recently, including the popular P2P lending platform. I guess you can say it means they believe the market is growing and there are enough demand for that, but it can also means they want to get more funds so they can expand their business with little to no repercussions from their investors. I mean who knows what they do with the P2P funds. There's a chance they will go bankrupt just like what happened with failed P2P crypto lending platforms in the past.

[bayu7adi]

I think the confidence people have towards cryptocurrencies and digital assets is increasing. People are adding more funds towards investing. Not only is the confidence increase, the government in some countries have reduced tax rates and there is the urge to borrow to add to the investment pool..

tax deduction? which country is that??? I haven't heard any exciting news about reducing taxes lately... if indeed several large countries are starting to change regulations regarding taxes, it should be via my Telegram application, because I follow cryptocurrency news every day via Telegram...

I hope there is a link I can check so I can learn more about this

[Z-tight]

I think the confidence people have towards cryptocurrencies and digital assets is increasing. People are adding more funds towards investing. Not only is the confidence increase, the government in some countries have reduced tax rates and there is the urge to borrow to add to the investment pool..

It is true that crypto confidence is growing worldwide and it is an industry that so many people want to invest in these days, however, i don't agree that the government have lent their support to the industry, neither do i know of any tax reduction. Instead, people who use crypto are complaining and urging their government to review and reduce their tax, but nothing doing yet.

[Jaephoenix]

Crypto is such a volatile sphere, but I'm not afraid to pour in a food chunk of my money in it. It is currently hot and boasts a 50% chunk of my worth. The problem is my country’s government. It currently restricts banks transacting with crypto platforms and I risk my traditional bank account being flagged and posted no-debit. If not, I would have poured in like 75% of my value into it

[MrSpasybo]

Crypto is such a volatile sphere, but I'm not afraid to pour in a food chunk of my money in it. It is currently hot and boasts a 50% chunk of my worth. The problem is my country’s government. It currently restricts banks transacting with crypto platforms and I risk my traditional bank account being flagged and posted no-debit. If not, I would have poured in like 75% of my value into it

You're a true crypto fan and want to allocate 75% of your assets to crypto. I have a more balanced view of investment portfolios: it would be better if crypto only accounted for 35%, while real estate and stocks would make up the rest. This is because the crypto market is still highly volatile, with opportunities coming with risks, but unfortunately, I can't tolerate that level of risk. I have a family to take care of and assets are one of my urgent needs.

I hope that crypto will soon be supported in your country, which is inevitable in the future as crypto becomes a new, investable asset class on a global scale. However, I think by then you should diversify your portfolio for greater safety in the financial market.

[UNIVERSE]

I think the confidence people have towards cryptocurrencies and digital assets is increasing. People are adding more funds towards investing. Not only is the confidence increase, the government in some countries have reduced tax rates and there is the urge to borrow to add to the investment pool..

I'm not really sure about the increase of people confidence in crypto. I never saw any research about this, have you made own research or saw a research related to current people's confidence in crypto? However, it looks like more people joining crypto investment because crypto investment is getting popular. But on the other hand, there are also many haters of crypto, they are always trying to spread negative issues.

Regarding the crypto taxes, not sure if there are countries to reduce the taxes. In my country, there is no updated information about crypto news. I think the taxes doesn't change, it is still quite high and the government gets the taxes in each transaction in crypto local exchanges.

[yohananaomi]

We have to admit that what you say is true, that currently it is difficult to get new coins that are of good quality and can survive and can grow and make a contribution to investors who have bought them.

This is the reason why i have little or no interest in new coins, it is just filled with pump and dump coins, and you have to be very lucky to get some money from them. Some people believe that if you buy a lot of these new coins, you have to earn something from them, but that is not true, if you are unlucky to buy only shitcoins, then no matter how many you bought, you will lose all your money.

I can't deny what you have said, because to be able to get something good on new coins is not an easy job at this time. What exists is disappointment that can happen at any time after buying and holding the new coins. It is not impossible, as you said, that no matter how much money we set aside to buy new coins, it is certain that it is not impossible that we will lose the funds we invest there. Think about doing all that as carefully as possible before it is too late.

[MrSpasybo]

I'm not really sure about the increase of people confidence in crypto. I never saw any research about this, have you made own research or saw a research related to current people's confidence in crypto? However, it looks like more people joining crypto investment because crypto investment is getting popular. But on the other hand, there are also many haters of crypto, they are always trying to spread negative issues.

Regarding the crypto taxes, not sure if there are countries to reduce the taxes. In my country, there is no updated information about crypto news. I think the taxes doesn't change, it is still quite high and the government gets the taxes in each transaction in crypto local exchanges.

It's very difficult for us to get specific data because one person can have hundreds of different crypto accounts, but we can refer to some figures to get a glimpse of the development of the crypto market. People around me are approaching information about crypto more positively now that BTC has become an asset worth over $50K. They no longer say BTC is a scam for money laundering, especially after Trump made a statement about BTC and BTC became a legal asset in the US following the approval of BTC Spot ETF.

My country doesn't have a legal framework for crypto yet, so crypto investors are not protected from scammers but we also don't need to pay taxes on our profits. This is why I continue to hold a large portion of my assets in crypto, waiting for big bullrun in early 2025.

• https://explodingtopics.com/blog/cryptocurrency-stats]How Many People Use Cryptocurrency? (2024)

[Jamal Aezaz]

I can't deny what you have said, because to be able to get something good on new coins is not an easy job at this time. What exists is disappointment that can happen at any time after buying and holding the new coins. It is not impossible, as you said, that no matter how much money we set aside to buy new coins, it is certain that it is not impossible that we will lose the funds we invest there. Think about doing all that as carefully as possible before it is too late.

Buying new coins is easy but what matters is a profit which every coin cannot provide you therefore in case of new coin investment one should use minimum amount instead of big amount for the hope of big profit. Sometimes people get good profit through new coins but most of the time people get disappointed because the percentage of scam projects is higher among new coins.

In the crypto market we can say that you can face each and every sort of situation from loss to win but it is important to accept the profit and increase your work if unfortunately you lose. We should not think in a hurry but a calm mind will help us to think more positively and more accurately.

[debra]

Buying new coins is easy but what matters is a profit which every coin cannot provide you therefore in case of new coin investment one should use minimum amount instead of big amount for the hope of big profit. Sometimes people get good profit through new coins but most of the time people get disappointed because the percentage of scam projects is higher among new coins.

Yes, it is easy to buy new coins but it is very difficult to expect profits from new coins. Sure, there are people who can get huge profits from new coins, unfortunately there are too many people who get big losses because of new coins. Even if we have the ability to analyze the new coins, it is too hard to analyze it due too very limited data. Moreover, there are many bad new projects that look very convincing when it is in the early phase. But it becomes uncertain projects when it is already for few months. True, many of the new projects become scams or dead projects.

We should not think in a hurry but a calm mind will help us to think more positively and more accurately.

What you're referring to?
Sure, we don't hurry to choose coins, we must do deep analysis.

[JoyMarsha]

Crypto is such a volatile sphere, but I'm not afraid to pour in a food chunk of my money in it. It is currently hot and boasts a 50% chunk of my worth. The problem is my country’s government. It currently restricts banks transacting with crypto platforms and I risk my traditional bank account being flagged and posted no-debit. If not, I would have poured in like 75% of my value into it

Since the introduction of p2p trade on the crypto exchange, investors don't normally complain about facing difficulties in investing in crypto any longer. Countries like Nigeria that banned their users from making use of their bank accounts years back still offer the use of p2p trade crypto exchanges to them. However, Nigerians no longer have a problem buying and selling their crypto assets because of p2p availability on exchanges.

Having said that, I think I should let you know that you can buy Bitcoin through P2P, the government of your country will not be stopping you from doing that, only that you have to trade with caution. Trade with verified P2P merchants and money you can afford to lose not all your saved money.

[nakamura12]

Since the introduction of p2p trade on the crypto exchange, investors don't normally complain about facing difficulties in investing in crypto any longer. Countries like Nigeria that banned their users from making use of their bank accounts years back still offer the use of p2p trade crypto exchanges to them. However, Nigerians no longer have a problem buying and selling their crypto assets because of p2p availability on exchanges.

Having said that, I think I should let you know that you can buy Bitcoin through P2P, the government of your country will not be stopping you from doing that, only that you have to trade with caution. Trade with verified P2P merchants and money you can afford to lose not all your saved money.

Exchanges find a way to earn money and through p2p they can still earn some money which those who want to buy and sell will be using their platform since they act as an intermediary to p2p transactions unlike p2p between the buyer and seller without the use of platform to exchange crypto. I tried using binance p2p and banks won't be able to know that you use your money to buy crypto since it is only sent to different person which I myself know I used it to pay the crypto when buying .

[doc]

I can't deny what you have said, because to be able to get something good on new coins is not an easy job at this time. What exists is disappointment that can happen at any time after buying and holding the new coins. It is not impossible, as you said, that no matter how much money we set aside to buy new coins, it is certain that it is not impossible that we will lose the funds we invest there. Think about doing all that as carefully as possible before it is too late.

Buying new coins is easy but what matters is a profit which every coin cannot provide you therefore in case of new coin investment one should use minimum amount instead of big amount for the hope of big profit. Sometimes people get good profit through new coins but most of the time people get disappointed because the percentage of scam projects is higher among new coins.

In the crypto market we can say that you can face each and every sort of situation from loss to win but it is important to accept the profit and increase your work if unfortunately you lose. We should not think in a hurry but a calm mind will help us to think more positively and more accurately.

If you have the ability to analyze and research new coins, you will get more profit than investing in old coins. But the risk of investing in new coins or projects is higher, because the reputation and the possibility of being more popular in the future have not been proven.

[Mr. Magkaisa]

I think the confidence people have towards cryptocurrencies and digital assets is increasing. People are adding more funds towards investing. Not only is the confidence increase, the government in some countries have reduced tax rates and there is the urge to borrow to add to the investment pool..

It is true that crypto confidence is growing worldwide and it is an industry that so many people want to invest in these days, however, i don't agree that the government have lent their support to the industry, neither do i know of any tax reduction. Instead, people who use crypto are complaining and urging their government to review and reduce their tax, but nothing doing yet.

     -     In this era, Bitcoin or cryptocurrency is really becoming popular, and it is also becoming a hot topic in scam issues, often in the news here in our country.

The only thing I don't like is that it is always highlighted in the news that Bitcoin or cryptocurrency is bad in the mainstream media, which to me makes them biased.

[bayu7adi]

The only thing I don't like is that it is always highlighted in the news that Bitcoin or cryptocurrency is bad in the mainstream media, which to me makes them biased.

Bad news always gets high views, and media makes money from those high views... because many people prefer to be cautious than to live a normal life... but lately I don't see Bitcoin being rumored as something bad... besides, reporting bad things about BTC seems like an easy thing to do, unlike if we were to issue bad things about a centralized company, it might end up in court.