How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023
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Loading... - Kwasi Mensah
- 24 Apr 2023
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Do you know the simple difference between successful cryptocurrency investors and those who aren’t in 2023?
The successful ones got started.
When you invest in Bitcoin and cryptocurrencies for the first time, you are overwhelmed with questions:
Is Bitcoin a good investment?
What is the best way to buy Bitcoin?
What’s a solid bitcoin investment strategy?
- How much to invest in Bitcoin?
These questions can get you so confused that they prevent you from getting started.
This is why I’ll share my experience and give advice on how much you should invest in Bitcoin as well as guide you on how to ease the process of getting started.
Note: In this guide, I’ll consider Bitcoin and other cryptocurrencies as the same type of asset because I believe in cryptocurrencies as a whole - not only Bitcoin.
How Much Should You Invest in Bitcoin?
How to Invest in Bitcoin? You should invest in Bitcoin somewhere around 5% to 30% of your investment capital. I consider 5% to be very safe and 30% to be pretty risky. Personally, I sit most of the time between 15% and 50%.
This is because I have a background in gambling (former professional poker player) and feel particularly comfortable losing money. I would not recommend anyone invest 50% or more.
Ultimately, the decision is yours. And although it depends on market factors, it also depends on personal factors such as your risk tolerance and the amount of money you can afford to lose. Read More…
