How much of your income should you allocate for savings when investing in digital currencies?

1 answers

• senaaaDec 08, 2020 · 5 years ago
  At BYDFi, we believe that allocating a portion of your income for savings when investing in digital currencies is crucial. While the exact percentage may vary depending on your financial situation and goals, a good starting point is to save around 20-30% of your income. This allows you to build a strong financial foundation while still having enough funds to invest in digital currencies. However, it's important to note that everyone's financial situation is unique, so it's essential to assess your own risk tolerance and financial goals before determining the exact percentage to save. Remember, investing in digital currencies can be volatile, so having a savings buffer is important for your peace of mind.
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