hi!
im a total newbie, just being convinced by max Kaiser to buy some bitcoin
what i already did:
-set up and synchronized client
-encrypted and backed up wallet
-got mtgox account
what i want to ask:
- is it ok to invest 25% of my portfolio? to much? to little?
- should i wait for a correction after such a crazy rally?
My portfolio is currently 5/6 PMs and 1/6 BTC in dollar terms, but that was not a deliberate choice. It is just a reflection of the fact that PMs have been static for two years whilst BTC has been rather frisky ;-)
I would say if you are starting out, then 10% in BTC is probably about right. It is the classic example of a high risk high reward investment.
I wouldn't bother trying to buy the dips. Just buy and forget.