As far as net worth, i'm just working on steemit and My total worth is my steemit account and i have invested my time to earn this worth and i totally invested it in Crypto!
I believe in Crypto, Though we are not in good days but I know The good days will come, Just wait and watch ;) Thanks for your kind suggestion buddy!
Very sensible thoughts Louis, I totally agree that a healthy amount in crypto is when your decision making is not impacted by your exposure but rather by price level alone. I would also point out that the % invested should also depend on the age of the person. Mainly because a younger person with a 9 to 5 job has more upcoming fiat (i.e. future fiat paychecks) compared to an old person. Personally I believe 25% is already a pretty sizable amount for the average person! Cheers
I invest only on crypto currencies that has a good fundamentals for future growth and those that I can earn passive income from like steem, Eos, Ark and Neo, Bitcoin . these are my portfolio investment for now.
And 40 percent of my net worth is what I invested on crypto currencies because I believe in the future of blockchain technology
Cryptocurrency is a highly risky asset class. If one wants to invest larger sums of money into it I think the most important thing to do is to increase their net worth in other ways other than investing, so the crypto portfolio can remain a moderate percentage of their overall portfolio, but with larger absolute values.
So, invest as much as you feel you can afford to invest from the depths of your heart? :P I just checked my accounts yesterday. I had put 60% of my savings into crypto in the worst possible time (at the bull run). Oh, my, I lost so much! I hadn't checked them for 4 months, and I'll just leave them there in case some magical crypto fairy decides to pump cryptocurrencies back up, lol.
For now, I'm here on Steem, not investing money. I mean, I have more than I had when I invested (I put $150 into crypto and now have around $650 worth of Steem).
At a certain point, though, I had generated over 600% profit from my initial investment. I was so happy! But I wasn't ready to sell because it was all the money I had. I have to teach myself to diversify once things hit ATH, put some back in USDT and check the markets more often.
I can't do anything right now because everything is in all-time lows. :( I think I shouldn't have invested so much money. If I had bought just $50 but managed them correctly, I'd still have tons more than I have now. :P But I couldn't keep up with the despair of the bear runs.
So I think you're right on point with this video. We should be able to take it all clear-headed and not invest with heart-wrenching suffering every time we lose a little bit of value.
That's the truth about crypto - No matter the amount of conviction/belief and no matter the amount of understanding of the blockchain technology, I think that some people are just not meant for this. The volatility of this market is not just a roller coaster but it is crazy in a lot of sense.
That being said, I will also say that some people are just actually built for this. But I also feel that even if one is either side of the spectrum of 'whether they have the stomach for it or not', they can still participate. For this to happen, one probably needs to keep in check the amount or percentage of what they are willing to invest.
For me I went all in around November-December of 2017 and right now its mostly bags that I hold. Nevertheless, my technical background helps to understand the technology involved ..... at least to some extent. On the other hand I also know that although I put in all the money that I had, it was not a life chaining amount by any means, and this factor is perhaps the one that has allowed me to keep my perspective objective.
Suitability is an important factor in this consideration as well. Younger adults have more opportunity for the future of their investments and could have more allocated to risky assets whereas adults approaching retirement need to focus on preservation of capital and income generation for their assets should not have too much. During the hype, cryptos represented almost 40% for me so I sold and scaled it to 15%. However, as I have come to understand it better and the decrease in price, I have gotten to 20%.
As per my understanding about the cryptoworld I feel 10% Should work for everyone! For sure our generation will definitely feel stupid of ourself in the future if we are not in the crypto space right now😏😁 lol.
I respect your opinion!
Before investing you need to investigate about the project you are thinking to invest in!
Crypto is unpredictable that's what is the best thing about it in my point of view.
Honestly, it might be just as tough to sell your investment when it makes huge profits than going through this bear market. You perfectly pointed it out the way your emotions got involved. Sell or hold? That’s a tough question.
I don’t think in percentage wise much when it comes to investment. You can keep investing as long as you keep having a good sleep. Of course, sometimes you won’t be able to avoid the stress. We are humans and humans have emotions. On the other hand, if you didn’t invest at all, you would have stress anyway for missing the opportunities. It’s ok to be emotional, it’s impossible to avoid it. I definitely believe in my investments, especially knowing tha fiat will cause huge inflation in the next few years or a bit longer. What helped me a lot when it comes to crypto investments was that I started with very small amounts, just for the feeling to be involved. Than the lower crypto dipped my investments increased. Last dip we had was my biggest amount I invested in crypto. This worked for me very well. Just don’t overinvest yoursel.
I originally only allocated a relatively small amount, the issue is that it grew so quickly that it heavily dominates my net worth. I am diversified but I am still heavy on crypto given the potential upside from the levels we are at now.
As far as net worth, i'm just working on steemit and My total worth is my steemit account and i have invested my time to earn this worth and i totally invested it in Crypto!
I believe in Crypto, Though we are not in good days but I know The good days will come, Just wait and watch ;) Thanks for your kind suggestion buddy!
Very sensible thoughts Louis, I totally agree that a healthy amount in crypto is when your decision making is not impacted by your exposure but rather by price level alone. I would also point out that the % invested should also depend on the age of the person. Mainly because a younger person with a 9 to 5 job has more upcoming fiat (i.e. future fiat paychecks) compared to an old person. Personally I believe 25% is already a pretty sizable amount for the average person! Cheers
I invest only on crypto currencies that has a good fundamentals for future growth and those that I can earn passive income from like steem, Eos, Ark and Neo, Bitcoin . these are my portfolio investment for now.
And 40 percent of my net worth is what I invested on crypto currencies because I believe in the future of blockchain technology
Cryptocurrency is a highly risky asset class. If one wants to invest larger sums of money into it I think the most important thing to do is to increase their net worth in other ways other than investing, so the crypto portfolio can remain a moderate percentage of their overall portfolio, but with larger absolute values.
So, invest as much as you feel you can afford to invest from the depths of your heart? :P I just checked my accounts yesterday. I had put 60% of my savings into crypto in the worst possible time (at the bull run). Oh, my, I lost so much! I hadn't checked them for 4 months, and I'll just leave them there in case some magical crypto fairy decides to pump cryptocurrencies back up, lol.
For now, I'm here on Steem, not investing money. I mean, I have more than I had when I invested (I put $150 into crypto and now have around $650 worth of Steem).
At a certain point, though, I had generated over 600% profit from my initial investment. I was so happy! But I wasn't ready to sell because it was all the money I had. I have to teach myself to diversify once things hit ATH, put some back in USDT and check the markets more often.
I can't do anything right now because everything is in all-time lows. :( I think I shouldn't have invested so much money. If I had bought just $50 but managed them correctly, I'd still have tons more than I have now. :P But I couldn't keep up with the despair of the bear runs.
So I think you're right on point with this video. We should be able to take it all clear-headed and not invest with heart-wrenching suffering every time we lose a little bit of value.
That's the truth about crypto - No matter the amount of conviction/belief and no matter the amount of understanding of the blockchain technology, I think that some people are just not meant for this. The volatility of this market is not just a roller coaster but it is crazy in a lot of sense.
That being said, I will also say that some people are just actually built for this. But I also feel that even if one is either side of the spectrum of 'whether they have the stomach for it or not', they can still participate. For this to happen, one probably needs to keep in check the amount or percentage of what they are willing to invest.
For me I went all in around November-December of 2017 and right now its mostly bags that I hold. Nevertheless, my technical background helps to understand the technology involved ..... at least to some extent. On the other hand I also know that although I put in all the money that I had, it was not a life chaining amount by any means, and this factor is perhaps the one that has allowed me to keep my perspective objective.
Suitability is an important factor in this consideration as well. Younger adults have more opportunity for the future of their investments and could have more allocated to risky assets whereas adults approaching retirement need to focus on preservation of capital and income generation for their assets should not have too much. During the hype, cryptos represented almost 40% for me so I sold and scaled it to 15%. However, as I have come to understand it better and the decrease in price, I have gotten to 20%.
As per my understanding about the cryptoworld I feel 10% Should work for everyone! For sure our generation will definitely feel stupid of ourself in the future if we are not in the crypto space right now😏😁 lol.
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I respect your opinion!
Before investing you need to investigate about the project you are thinking to invest in!
Crypto is unpredictable that's what is the best thing about it in my point of view.
P.S Voice is clear!
Honestly, it might be just as tough to sell your investment when it makes huge profits than going through this bear market. You perfectly pointed it out the way your emotions got involved. Sell or hold? That’s a tough question.
Great video and we agree that understanding of the technology is very important indeed.
good info and great presentation brad..
I don't know...
I don’t think in percentage wise much when it comes to investment. You can keep investing as long as you keep having a good sleep. Of course, sometimes you won’t be able to avoid the stress. We are humans and humans have emotions. On the other hand, if you didn’t invest at all, you would have stress anyway for missing the opportunities. It’s ok to be emotional, it’s impossible to avoid it. I definitely believe in my investments, especially knowing tha fiat will cause huge inflation in the next few years or a bit longer. What helped me a lot when it comes to crypto investments was that I started with very small amounts, just for the feeling to be involved. Than the lower crypto dipped my investments increased. Last dip we had was my biggest amount I invested in crypto. This worked for me very well. Just don’t overinvest yoursel.
I originally only allocated a relatively small amount, the issue is that it grew so quickly that it heavily dominates my net worth. I am diversified but I am still heavy on crypto given the potential upside from the levels we are at now.