What is the best crypto investment advice you can give someone who makes 600$ per month from other job? I'm presently in this situation and due to the unstable crypto market we in I don't know what to advice this person, even 2022 looks bearish to me, help me out
30% Savings
30% Expenses
10% insurance
20% Traditional investment like stocks and indices
10% Allocate for crypto
If you dont like volatility then its better to play safe on buying bitcoin
even though its not an assurance but at least on the better side of things when you are in doubt.
Hm I don't think you can just allocate 30% for expenses without knowing more of OPs background. It is unclear whether the $600 are already for investing or whether it is just the salary.
So first, OP please clarify if you want to invest $600 or whether this number is smaller as you have to deduct your expenses first.
Apart from that above reply already gives you an idea what should be done: split your investments in different asset classes and only allocate a small amount for crypto were a 100% loss would not bother you