Key Points
I think that is the only thing where some research has already taken place or else if one is considering doing their own research, then yes they have to literally spend a lot of time, at least a couple of hours every day to understand so much of coins and tokens to know what they want to do...
"Generally speaking, the wealth managers from developing countries suggest to go up to like 5% to 10% of their total portfolio into crypto," says Sathvik Vishwanath, Co-Founder & CEO, Unocoin...
Obviously it makes sense if you are a long-term investor to put money when there is a downturn. This should be considered as an opportunity. So, looking at this particular phase as an opportunity, you think it is time to pick up the right kind of tokens and what tokens would you recommend or you think it makes sense if you are a long-term investor to put money and then earn profit?..
I would always recommend at least 50% in Bitcoin just because of the fact that it is less volatile as compared to other crypto assets and just in case if other crypto assets will not give the required return, there is a good chance that as Bitcoin price increases over a period of time, that is what we have seen so far, at least one will be able to take their money back at some point of time...
So, there are also some kind of mutual fund like products from various companies which people will also be able to utilise where they would have basketed multiple tokens and coins which they will be able to buy at one shot without really bothering about little, little pieces...
You might be interested in
How much of the 2023 frenzy is likely to extend to 2024? S Naren answers
01, Jan, 24S Naren says: “Old investors can stay invested but new money coming in should be spread across asset class. We are much more focussed on the fact that new money should be invested more carefully than taking out old money. Old money can just stay invested. I do not think we are going to see 2020 markets or 2021 market levels easily.”
Cryptoverse: Ripple effect as explosive XRP leads market charge
25, Jul, 23XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums.