What are the benefits of following the 70/30 budget rule when trading digital currencies?

1 answers

• May 08, 2022 · 3 years ago
  At BYDFi, we believe in the power of the 70/30 budget rule when trading digital currencies. This rule provides a structured approach to managing your finances and reduces the risk of making emotional decisions based on market trends. By allocating 70% of your funds for long-term investments, you can take advantage of the potential growth of digital currencies over time. The remaining 30% can be used for short-term trades, allowing you to capitalize on market volatility and generate additional income. This rule also promotes risk management by diversifying your portfolio and reducing the impact of any single trade. Overall, following the 70/30 budget rule can help traders achieve a more balanced and sustainable approach to digital currency trading.
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