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How much should I invest in crypto?

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2021-05-23 12:45:40 UTC
What part or percentage of my income should I invest in crypto sphere?
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avatar189d
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4
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2021-05-23 13:00:53 UTC
<p>I generally convert 5% of my income to bitcoin.</p><p><br></p><p>As a safety tip, you should only invest the amount you can afford to lose.</p>
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2021-05-23 13:34:18 UTC
<p>Not really a percentage but the amounts you can easily loose. After a few months of research you will gain enough experience to trust the market and increase the amounts if you can. Also, I recommend investing in top 15 coins in the first 6 months. Less likely to loose any money. Try to avoid shit coins. </p>
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2021-05-23 17:02:28 UTC
<p>I agree with the other posts but also believe it depends on which crypto. For example I invest a set amount per month in crypto but put more in stablecoin; specifically USDC. The amount to invest should be based upon your budget.</p><p><br></p><p>I treat USDC like a dividend stock. So I invest less in the stock market and use that money for USDC. Every three months I review how much I have invested in different assets.</p><p><br></p><p>If I am uncomfortable with how much I have invested in any particular type of asset I rebalance.</p>
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2021-05-24 05:10:20 UTC
<p>My allocation of investment may differ from a lot of people... but I thought I'd share anyway.</p><p><br></p><p><br></p><p>Anytime I catch myself about to buy something frivolous, I tell myself: "This is an amount of money I am willing to lose." </p><p><br></p><p>(Examples could be: I am on an online store about to checkout with a pair of $130 shoes. I already have three pairs of shoes and do not need more. Instead of finalizing this purchase - and being honest with myself - I will set aside that $130 to invest. </p><p><br></p><p>How that $130 is then invested is a totally different question, though. I usually won't put it all into an exchange at once... I will dollar cost average purchase (DCA). </p>