Then the 1% of your total is in plain cash?
You're right that most probably have the same situation and invested majority in crypto. But to mind you guys, you have to diversify into other investments but it's your choice if you like it into another altcoin.
Although it's better if you'll be putting that in other investment instruments like real estate, gold or any other that's not in the form of crypto.
It is very unexpected if you risk 99% crypto assets of the total assets you own, although you can withdraw crypto assets at any time but at least you need 20% for cash due to pandemic conditions in some countries then you have to hold assets partially in cash or gold.
Depends on your way of living.
If you're just a single person and you don't have a need to think of that much provision then 1% would really be enough for you to survive with your cash in the bank.
And owning 99% of assets in crypto, it's a high risk, high reward strategy.