What is the ideal portfolio composition for investing in cryptocurrencies?

1 answers

• Rahul MJun 07, 2024 · a year ago
  At BYDFi, we believe that the ideal portfolio composition for investing in cryptocurrencies should be based on a long-term perspective and a diversified approach. It's important to include a mix of established cryptocurrencies and promising projects with high growth potential. Bitcoin and Ethereum are often considered as core holdings due to their market dominance and liquidity. However, it's also crucial to allocate a portion of your portfolio to smaller, emerging coins that may offer higher returns. Risk management is key, so it's advisable to set a percentage of your portfolio for high-risk investments and stick to it. Regularly review and rebalance your portfolio to ensure it aligns with your investment goals and risk tolerance.
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