What is the recommended amount of money to have in cryptocurrency at the age of 18?

5 answers

• Miriam FisherFeb 21, 2021 · 4 years ago
  As a financial advisor, I would recommend starting with a small amount, maybe around $500 to $1000, and gradually increasing your investment as you gain more experience and knowledge about the cryptocurrency market. It's important to remember that investing in cryptocurrencies can be risky, so it's always a good idea to start with a conservative approach.
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• Julian PelaezAug 17, 2021 · 4 years ago
  Well, dude, it really depends on your risk tolerance and financial situation. If you have some spare cash and you're willing to take a gamble, you could start with a couple hundred bucks. But if you're not comfortable with the idea of potentially losing that money, it's probably best to start with a smaller amount, like $50 or $100. Remember, it's all about what you're comfortable with.
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• Awg NabilMar 20, 2023 · 2 years ago
  At BYDFi, we believe in empowering young investors to enter the cryptocurrency market. We recommend starting with a minimum investment of $100. This allows you to get a feel for the market and learn the ropes without risking too much. As you gain more experience and confidence, you can gradually increase your investment. Remember, it's important to do your own research and never invest more than you can afford to lose.
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• Juan Maria MesaApr 17, 2021 · 4 years ago
  The recommended amount of money to have in cryptocurrency at the age of 18 really depends on your personal financial situation and risk tolerance. It's always a good idea to start with a small amount that you can afford to lose, such as $100 or $200. From there, you can gradually increase your investment as you learn more about the market and gain experience. Just remember to always do your own research and never invest more than you can afford to lose.
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• Salazar MelgaardOct 05, 2021 · 4 years ago
  As a crypto enthusiast, I would suggest starting with a modest investment of around $500. This will give you a decent exposure to the market and allow you to diversify your portfolio. Remember, the cryptocurrency market can be volatile, so it's important to be prepared for potential losses. Start small and gradually increase your investment as you become more comfortable and knowledgeable about the market.
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