How much crypto should I own to start investing?

3 answers

• May 18, 2022 · 3 years ago
  The recommended amount of cryptocurrency to own when starting to invest depends on various factors such as your risk tolerance, investment goals, and financial situation. It is generally advised to start with a small percentage of your overall investment portfolio, typically around 5-10%. This allows you to get familiar with the market and mitigate potential losses. As you gain more experience and confidence, you can gradually increase your crypto holdings.
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• May 18, 2022 · 3 years ago
  There is no one-size-fits-all answer to this question. The amount of cryptocurrency you should own when starting to invest varies from person to person. It's important to do thorough research, understand the market dynamics, and consult with a financial advisor if needed. Remember, investing in cryptocurrency carries risks, so it's crucial to only invest what you can afford to lose.
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• May 18, 2022 · 3 years ago
  At BYDFi, we recommend starting with a small amount of cryptocurrency, such as $100 or less, to dip your toes into the market. This allows you to learn and understand the dynamics of cryptocurrency investing without risking a significant amount of capital. As you become more comfortable and knowledgeable, you can gradually increase your investment. Remember, the key is to start small and learn along the way.
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