What is your opinion on this, is it time to become a cryptocurrency investor now?
Yeah, I definitely think so too. So I'm in this industry since 2012. 10+ year timeline though it has given multiple hundreds percentage returns in the past so now again if you see the bull run then we had once in 2013 and then in 2017 and then in 2021. So as everyone probably predicts it depends on the halving cycle. So if that's true, then we should have it in maybe about 18 months, 24 months, that's what it looks like and in between these bull runs there is a bear market and then a fairly stable market. I think we are in the stable duration of the market right now. It obviously makes sense if you are a long-term investor to put money in when there is a recession. This should be considered as an opportunity. So seeing this particular phase as an opportunity, do you think it's time to pick the right type of tokens and which tokens would you recommend or do you think it makes sense if you're a long-term investor to put money in and then make a profit?
Generally speaking, wealth managers in developing countries suggest raising between 5% and 10% of your total portfolio in crypto. They do not suggest putting all the money in crypto alone. It's not like all the eggs go in the same basket. But then after they decide how much money the exposure should want to take in crypto, they again have to divide that particular money into different categories. I would always recommend at least 50% on Bitcoin just for the fact that it is less volatile compared to other crypto assets and in case other crypto assets don't provide the required return, there is a good chance that the Bitcoin price increases over a period of time. period of time, that's what we've seen so far, at least one will be able to get their money back at some point.
So after 50% usually people go for different altcoins like Ether and Ripple and various other coins. So here obviously doing the research is one of the best ideas for someone, although it's easier said than done, but that's the only way it can be handled.
New tokens and coins keep coming almost every day. For one to become a good investor in this particular industry, in this particular sector, you have to spend quite a bit of time. So there is also some kind of mutual fund like multi-company products that people will also be able to use where they would have pooled multiple tokens and coins that they will be able to buy in one go without really worrying about little pieces. .
So I think that's the only thing where research has already been done or if one is considering doing their own research then yeah they literally have to spend a lot of time, at least a couple of hours every day to understand it. lots of coins and tokens to know what they want to do.
