What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
Past year, i have 80% in crypto, 20% in stocks
Last month, i sold all my stock and now i have 100% in crypto (Trust me, it is never good to do this but i need a huge flip of my investment, i make great losses on stock and i can't really make that huge money in stock. I can perhaps, but it might take years. That's too long for me)
Anyhow, my crypto advice towards anyone even from the crypto field itself
To play Safe, always have coins like btc/eth/usdt in your portfolio
You don't wanted to have 100% in any alts like me, if the alts don't go up
You gonna hoard them till you old, its not good
This is why people said, dollar cost averaging, is always a good strategy to go for
Split your 100% money into 20% x5 set
Perhaps if you are buying a coin at $1, don't spent all 100% on it
When its $1, u spent 20% of your money
When its $0.9 now, u spent another 20%
and goes on
You will be able to average down the cost of your investment