Re: How much bitcoin to buy?

I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency.
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than I do about stocks. Now I feel like I should take more out of
Stocks, Feel theres going to be more return this way. Thoughts on this am I getting carried away

Yeah don't be carried away especially when you have no solid data behind this. Just feeling? Not good. What percentage of your portfolio is currently in crypto? You should adjust it based on your risk appetite.

Bitcoin 3%

Quote from: Robdwny on December 25, 2019, 01:25:28 AM

Thanks Everyone this has been very helpful, I just wanted to think through it. the next small buy I might by ETHEREUM or litecoin slowly start buying more.

I hope you realize that this is an even bigger risk than Bitcoin. Why would you want to go with ETH or LTC? Why do you want more crypto in your portfolio?

Having different crypto was my main reason.

An investment in cryptocurrency you must better to buy a lot of coins now like for bitcoin because the price of the currency is slowly growing up and becomes profitable. After the bitcoin falls, there are a lot of investment came from the people because they know the possibility of the price rise again. It is better if you have a lot of extra money better to start the investment now because the price of the bitcoin is still in seven thousand dollars and it is suitable for buying today. And don't be tired of waiting for the coin because you are trying to invest in bitcoin it is for a long term trading it takes a long time before you get your earnings. Next, make sure you must be aware what is happening in the market because to monitor if you are gaining profit or not, else better to take out your money if you are not sure about your investment.