Investing/Stock Market
- Thread starter Lil
- Start date
Loveto
Legend
Mostly mutual and index funds here. Last few weeks I've been looking at crypto again (as I stupidly decided not to buy ETH last year at $230). Seems there are so many shit coins these days. Ran across Polygon (MATIC) and thought about buying some at $1. It jumped to $2.65 today. Just mentioning as it seemed like a decent project and not a shit coin like Shiba Inu (SHIB).
Curious what percent of your portfolio is in crypto? I've been debating going 5% crypto but a bit leery as things are much more volatile.
Curious what percent of your portfolio is in crypto? I've been debating going 5% crypto but a bit leery as things are much more volatile.
Counsel
Veteran
1-4% is typical for me and won't hurt too much if things start to go south (right now). All the shitcoins are a dime a dozen, I keep those allocations small, I've only got a few larger alts available through my brokerage.
Just caught a BTC knife @ $40,212, liking the reaction so far.
Just caught a BTC knife @ $40,212, liking the reaction so far.
Fael
Believer
I just recently got into crypto myself... just a small chunk. The rest is in a Roth IRA investing in institutional mutual funds.
dANNN
dANNN
Feeling vindicated - sold 75% of my crypto mid April (despite my friends telling me it was "just the beginning of the crypto bull cycle"). There were too many red flags for me that reminded me of 2018 peak; BSC shitcoins, people at work buying into crypto, people at work talking about crypto etc. The final nail in the coffin was my friend calling me up to tell me someone in the supermarket had told him he needs to mine and buy Chia. I immediately jumped onto Coinbase and cashed out to CGT limit, then bought gold coins with the rest to avoid CGT.
I feel like people are kidding themselves if they think Bitcoin is going much higher this cycle. We've seen it go from $3000 to $64000. Don't get greedy.
Loveto
Legend
I think crypto isn't for me. The swings are huge and could be stressful.
Looking at the top 50 crypto last 24 hours and they're almost all minus 15 to minus 37 percent. I just want a safer 5-8% yearly gain. It is fun to research crypto though. There aren't too many things that have the potential to 20x+ in a short amount of time.
Counsel
Veteran
I think crypto isn't for me. The swings are huge and could be stressful.
I just want a safer 5-8% yearly gain. It is fun to research crypto though. There aren't too many things that have the potential to 20x+ in a short amount of time.
Yeah it's easy come, easy go with this degree of volatility, good reason to keep sizing small and waiting for your opportunities.
dANNN
dANNN
I think crypto isn't for me. The swings are huge and could be stressful.
I just want a safer 5-8% yearly gain. It is fun to research crypto though. There aren't too many things that have the potential to 20x+ in a short amount of time.
If you can park emotion and forget about what you have bought for 2-3 years you see huge returns if you buy in a bear cycle.
Cattywompus
Veteran
Went in on shib and safemoon. I got in later, but I'm just going to forget I even have it for a while, lol