Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
i think investing all saving in trading is not good idea. because in trading has up and downs so you have to take step very carefully. all the money investing in bit coin is not good. you have to invest few amount of money in trading it is good idea. but total money investing is not good. for that reason i would like to explain you you have to few amount of money only in trading.
I agree, it would be too risky, and 5-10 years is such a long time. For cryptocurrency investors, long term investment only lasts around 1-3 years, but not that much. I mean, who know what would happen in the cryptocurrency market within that ten year period, it is too far off to see and gauge. But, in terms of the percentage of investment, I would choose to invest 50% in bitcoin, 30 % in strong altcoins like Eth, LTC, Waves, and Dash, and 20% for short term investments like new and up-coming altcoins.
I can only agree with you. First of all DO NOT invest 100% of your saving.. few years ago noone would ever dream of btc almost hitting 20k .. and then dropped almost to half. And also keep something for short term investment. 2018 is full of interesting projects, roadmaps and some skyrocketing cryptos. Wish u best of luck