How does the 70/30 budget rule apply to investing in cryptocurrencies?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, we believe in the power of the 70/30 budget rule when it comes to investing in cryptocurrencies. This approach allows investors to strike a balance between stability and growth potential. By allocating 70% of your budget to established cryptocurrencies, you can benefit from their proven track record and market liquidity. The remaining 30% can be allocated to smaller altcoins, which have the potential for higher returns. However, it's important to note that investing in cryptocurrencies is not without risks. Market volatility, regulatory changes, and technological developments can all impact the value of your investments. Therefore, it's crucial to stay informed, diversify your portfolio, and invest responsibly.
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