Is it worth continuing to do this?
Is it worth continuing to do this?
I’m planning to invest 300–500 USD every week in the cryptocurrency market. I’ve already bought ETH, BNB, Solana, DOGE, Chainlink, XRP, and WFLI. As for WFLI, I purchased 10,000 tokens at 0.05 USD each during the private sale, but only 20% has been unlocked so far.
I’m planning to keep 60% in stable positions and 40% in higher-risk positions. Is it worthwhile to continue following this approach?
So far, I’ve been doing this for three months, with a total investment of about 10,000 USD. My account is currently showing an unrealized loss of around 1,500 USD.
Be very careful, crypto is highly volatile and risky. S & P 500 or similar for the bulk of your investments a couple of ETF’s perhaps a single stock of a company you fully understand. A small position (5%) into BTC, (3%) ETH and 2% into altcoins but learn to take profits from your alts.
That is gonna add up to alot but think about spread thin you wanna be.. bitcoin guys can jump down my throat but imagine your able to stack 2+ eth before the next major leg up.. especially if your in your 20s it seems like a no brainer to me