Valentina
Sat Jun 08 2024
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5 answers
1011
What is the golden rule of crypto?｜At the very least, you should have enough emergency savings before putting any funds into crypto. Once you're ready to invest, you should make it no more than 5% of your portfolio.Never Invest More than You Can Afford to Lose
Could you please elaborate on the golden rule of investing in cryptocurrency? I'm particularly interested in understanding why it's crucial to have sufficient emergency savings before allocating funds to crypto investments. Additionally, why do experts recommend limiting crypto investments to no more than 5% of one's portfolio? And what are the consequences of investing more than what one can afford to lose? Thank you for clarifying these points.
