Hey everyone,
Just wondering, what percentage of your total funds do you usually keep at a single exchange?
I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?
This can be really different from one person to another. I personally don`t keep more than 2BTC in a single account. In fact, this is my top limit to risk on trading.
I see.
Actually what I'm wondering is how people relate to risk. I mean, what percentage of your total funds is 2BTC?
If it's 10%, for example, that means you are very conservative. If it's 80% then you're a serious risk taker...
That's the kind of idea I wished to apprehend from btc community.
In my case, this is actually %100 percent. But percentage of total funds being used on trading doesn`t exactly mean the person is a big risk taker. It has a lot to do with what you are investing in. I personally wouldn`t buy any altcoin that does not have huge volume on the market. So, it is less likely to make huge profit when you are not investing in a brand new altcoin which you think has a great potential in the future. I hope i explained my point clearly.