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Hi All,
I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.
My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?
i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?
I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.
My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?
i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?
Investing in cryptocurrencies can be both exciting and challenging. It's good that you're considering a long-term approach and diversifying your holdings. When deciding how to split your investments between Bitcoin (BTC) and Ethereum (ETH), there are a few factors to consider:
1. Risk Tolerance
2. Diversification
3. Market Conditions
4. Research and News
5. Long-Term Goals
6. Portfolio Size
7. Cost Averaging
8. Transaction Costs
9. Future Additions
10. Monitor and Adjust
Regularly review your portfolio and adjust your strategy based on changes in the market or your financial situation.
Given your current holdings, if you're leaning towards a balanced approach, a 50/50 split between Bitcoin and Ethereum is a reasonable starting point. However, always tailor your investment decisions to your personal preferences and financial goals. It's crucial to conduct thorough research and possibly consult with a financial advisor, especially in the dynamic and evolving world of cryptocurrency investing.
