How Much Money Should You Invest in Crypto?

How Much Money Should You Invest in Crypto?

How Much Money Should You Invest in Crypto?

Just like stocks, bonds, mutual funds, equities, gold, silver, real estate, and other investments, the cryptocurrency market is incredibly speculative. Hence, it’s important that you put into the market only money that you can afford to lose. Yes, there are many cases when people invested $100 and became millionaires and, although a well-thought-out crypto project has high chances of being profitable for those who invest in it, it’s always good to be cautious. Okay, but how much exactly? Which percentage of my income should I consider investing? – you might be asking. In this article, we’ll explain how you can figure that out.

  

How Much Money Should You Invest in Crypto?

How much money do I need to invest in cryptocurrencies?

The good news is that you don’t need a lot of money to invest in cryptocurrencies. Actually, in most situations, you’ll need less money to invest in the crypto world than you’ll do in the stock market world. 

There are some top-notch crypto projects that are based on relevant, creative, and meaningful ideas, which indicates profitability, and that sell for as low as 0.2 USDT to 0.6 USDT – the equivalent of $0.2 to $0.6. The price depends on how quick you are because typically the first batch of tokens will be the cheapest and the price will gradually increase as the coins are sold to investors. If you’re putting this into perspective with the stock market, you’ll notice that a $0.2 stock, most likely it’s going to be a questionable, risky investment.

 

How do I know which crypto coins to buy?

When you’re doing your research on what cryptocurrency to invest, definitely look for the crypto project’s whitepaper. The whitepaper is a summary of the cryptocurrency’s idea, how it functions, token sale, who the founders are, goals, objectives, market analysis, tokenization, roadmap, and so on. Reading the whitepaper will help you figure out if it’s a project that has the potential to be profitable.

 

Another important indicator of an investment-worthy project is that the investment brings you profit in multiple ways. For example, by investing in BFCH (BeFasterHolderCoin, which is BeFaster’s special coin for investors) during the private sale, you’ll be able to earn money:

  • via the 50% of the company’s partial profits being distributed to the BFCH holders. This payment will be made quarterly. As an investor, the more BFCH you have, the higher your quarterly earnings will be. This is recorded in the blockchain and you can easily track it in the wallet;
  • via later trading your BFCH. As BeFaster’s profits and, therefore, distribution will increase, so will the value of the tradable BFCH.

During BeFaster’s private sale, the more you decide to invest, the cheaper you can buy BFCH for. Moreover, the more BFCH you have, the bigger your earnings will be. You can buy BFCH with BTC, ETH, TRX or credit card.

So how much should I invest in crypto?

While there’s no exact number or magic formula, plenty of experts say to try and aim to put approximately 3% of your earnings into cryptocurrency. Simply put, if you make $2,000 a month, try to aim for around $60 per month into the crypto market, as long as you’d have spent that amount of money on things such as ice cream or a pair of shoes you didn’t really need. Just in case!

At the end of the day whether you’re building a cryptocurrency portfolio, a stock portfolio, a real estate portfolio, or a business, make sure you do your homework, choose the projects carefully, and invest wisely. Your future self in 10 years will certainly thank you for it.

 

Berlin  Tron Europe meeting

Berlin Tron Europe meeting

Berlin Tron Europe Meeting

On the 27.04.2019 it started! Here we were allowed to present our idea to the european Tron
Europe Core and apply for supervision. It was a complete success. Here we got to know some country
– admins who later became our biggest supporters in the ICO. Unfortunately only admins from
Europe were there. But the boys and girls from South East Asia, North America and Oceania were all
there via Internet Call. We were impressed by the cohesion, the group dynamics and the atmosphere
of departure. Thanks a lot for the recording!