I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value.
I don't know who gave you that idea but I don't think that's a great idea because that's no need to invest 60% in shitcoins and I guess your advice was gotten from a newbie as well because so many other persons who did invested in altcoins years back are wishing that they invested all in bitcoin.
I think you should invest all in bitcoin and always remember that nothing is guaranteed in cryptocurrency but if you're holding for long time, then you don't actually have anything to scared of but rather relax and keep investing.
Except you want to go into day trading, you shoukd understand that bitcoin and cryptocurrency at large isn't a get rich quick scheme not even trading which has the highest risk rate.
I will also advice that you spend more time in getting the knowledge rather than wanting to invest now.