What does the quick and dirty 70% formula mean to investors in the world of cryptocurrency?

3 answers

• cluelessMar 27, 2024 · 2 years ago
  The quick and dirty 70% formula is a rule of thumb used by many cryptocurrency investors to determine their investment strategy. It suggests that investors should allocate 70% of their portfolio to well-established cryptocurrencies with a proven track record, and the remaining 30% to more speculative and high-risk assets. This formula aims to strike a balance between stability and potential growth. By diversifying their investments, investors can mitigate risks while still having the opportunity to benefit from the potential upside of emerging cryptocurrencies.
  567

  284
• Abhinav GuptaJul 14, 2024 · 2 years ago
  The quick and dirty 70% formula is a simple guideline that suggests investors allocate 70% of their cryptocurrency portfolio to established coins like Bitcoin and Ethereum, which have a solid reputation and a large market capitalization. The remaining 30% can be allocated to smaller, more speculative coins with higher growth potential. This formula is based on the idea that established coins provide stability and lower risk, while smaller coins offer the possibility of higher returns. However, it's important to note that this formula is not a guarantee of success and should be used as a starting point for further research and analysis.
  643

  215
• Trần Bảo LâmMay 15, 2022 · 4 years ago
  As an expert in the cryptocurrency industry, I can say that the quick and dirty 70% formula is a popular approach among investors. However, it's important to understand that this formula is not a one-size-fits-all solution. Each investor has different risk tolerance and investment goals. While the 70% formula can provide a general framework, it's crucial to conduct thorough research and analysis before making any investment decisions. Additionally, it's always recommended to consult with a financial advisor or do your own due diligence to ensure you make informed choices based on your individual circumstances.
  617

  155