50% of your total income is quite a large amount of money for you to be putting it all into cryptocurrency. You should ensure that it is something that you can afford to lose and 50% is definitely much.
Should you put 50% of your income in crypto?
- Thread starter Horsey
- Start date
Committing such a huge amount of money into cryptocurrency trading is a very risky. it is not really advisable for you to do such because cryptocurrency comes with a lot of risk.
I am not going to advise that you should put 50% off your entire portfolio into any kind of investment because the financial markets are always volatile and you will not want to be exposed.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
It is a very bad decision if you put 50% of your income into cryptocurrency. The reason is that it is a very volatile market and you need to trade with caution.
I cannot advise that you should put 50% of your income into cryptocurrency because such an amount iis just too high. The reason is that cryptocurrency venture is a volatile pace and it needs a lot of caution.
Yes, cryptocurrency have its own risk but I think 2% is too small. I agree that 50% is too much but 2% is not something one should consider investing in cryptocurrency. To me, I will say 20% is okay. After all, cryptocurrency has passed the test of time.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Yes you can. Many people even put 100% of their income on crypto and they are living fine by it. But, make sure you know very well about crypto market before putting anything on it so that you won't be running at loss.
It might turn out to be okay at the end of the day but then having to put 50% of your entire portfolio into any investment is a reckless financial decision and you should not attempt it.
The percentage to put into cryptocurrencies to trade depends on the amount you're willing to risk if it's okay by you to risk 50% or 20% or 30% of your account it is not really bad.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Complying with agreements investment strategy I think it is very normal for everyone though aeroplane that direction because cryptocurrency is high volatile investment.
Cryptocurrency is indeed very volatile digital currency and the volatility brings in the profit and it's also bring in that losses if the market is not critically analyse to by the investors.
Actually investing 50% of your income or resources into cryptocurrency is not a bad idea most especially when the business worked out well for your success but it's very risky because online stuffs has to to be trusted.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
It is true because when you have a lot of experience in cryptocurrency, you can still invest huge amount but I am not in support of investing 50% of your account because that is way too high considering the risk that is involved in cryptocurrency investment.
Now this is a very big one, I've said this several times and would still continue yo mention it, don't invest what you can't afford to lose, if losing 50% of your money would give you a heart break then invest leaser or nothing at all if you can take a loss. Most people would loose their mind if they incur a single loss, crypto is not for those kind of people, please be guided.
It is highly risky to invest 50% of your account on cryptocurrency, because it is a volatile market, and if you do not have the necessary skill to trade cryptocurrency, you may lose all your funds.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
Cryptocurrency is risky and I wouldn't make an attempt to invest up to that in any crypto project. I can only be able to invest the amount of money I wouldn't need any time soon , that is all.
That is exactly what you should have at the back of my mind, because investment in cryptocurrency takes a lot of risk and you need to involve a proper risk management strategy.
Well even if I have to start trading , I will just have to learn it. Just that nowadays it is very difficult for you to see a full cryptocurrency expert who is willing to take you successfully on the crypto market.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
If you choose to learn on YouTube or any online platform. You will not be able to get it correctly except if you have someone that can teach you physically . That is when you will have a grasps of how to trade cryptocurrency.
I have so many people like that. Some of them are just willing to charge me very high to teach carry me through. It is very much easier for you to see a forex expert than a cryptocurrency expert that is willing to charge you low.
Newest Directory Listings
WWE Hub is a discussion forum for all things wrestling! Share and chat with other wrestling fans throughout the world!
ABCProxy is cost-effective, ethical residential proxies network!
