> 10% NW in crypto
Is > 10% NW in crypto too much? I used to keep around 5%, but haven't rebalanced and it has outperformed my other holdings which is great 😌 BTC/ETH/LTC in ratio 0.45:0.45:0.1, about 225k in total. NW is about 2M. EDIT: Also what's the best/safest solution for storing coins? I'm currently using paper wallets and in coinbase (I know if you don't own the keys you don't own the coins), thinking of getting a trezor one.
Get a hardware wallet for a peace of mind. If your risk tolerance is high I’d get a bit higher than 10%, seems like crypto and decentralization is about to stay. Source: 70% NW in crypto 🚀🚀🚀
Thanks, any recommendations for wallet? I'm thinking of trezor one since it's open source hardware with off the shelf parts and I can put one together if the manufacturer were to vanish. How have you split between BTC, ETH and alts? Also what alts do you recommend?
Trezor is fine, I bought 2 to keep one as a recovery, it’s cheap. I don’t follow crypto passionately hence exposed my portfolio to BTC (storage value), ETH (real life use cases), DeFi (decentralized finance cuz traditional banks are going to die sooner or later) and Monero (degenerates will always need a private & secure payment method) Roughly 40% btc, 30% ETH and the rest mixed up.
Consider your age, if it’s < 45, then I think it doesn’t matter. But once you grow old, you may want to move some portion to ETFs. At one point, crypto used to be a tiny portion of my NW. But after the recent surge, my 60-70% NW is coming from crypto.
yeah, I'm 30, so not too worried. Although was wondering if I should cash out some or let everything ride.
The numbers you posted wouldn’t bother me. Even if it got wiped you’d be pretty well off.
It is fine, ~10% is what most people I know do with a 7 figure or higher portfolio.
Be like that pompliano guy and put 100% in bitcoin
Drop the ltc and put it in defi. Might as well put 10% in a something with major upside
Any recommendations?
Depends on how high risk you want to go. Bigger defi coins are $aave $uni $sushi $snx $link Smaller one that are much higher risk that I’m in $alpha $badger $rook $rune. But if you’re gonna have 90% in btc and eth I rather just yolo the last 10% that into something else. Just my preference. I’m pretty high risk though
10% is fine I know many people with 20, 30, 50% in crypto. Mostly rich as fuck now but yeah
Trezor is good. Coldcard is the best but only for bitcoin.
90%. Rich or rekt only 🚀🚀🚀
It’s up to you on risk tolerance. I recommend getting your own wallet.