I think it’s still too soon in the game for me to be comfortable investing more than a small percentage of my net worth in crypto, as well. I mainly chose Ethereum and Bitcoin because they’re the two biggest players in the space so far, and I consider them both to have first-mover advantages. Funny enough, I recently added some litecoin to my portfolio as well primarily because the price point seemed so attractive. I plan on holding all of these cryptocurrencies for the long haul and only occasionally skimming any profits off the top to lock in some gains.

I think that’s the best strategy for a highly speculative field like cryptocurrencies. If the prices do shoot to the moon, I have a decent exposure to the upside. If prices go to zero, it won’t crush me financially. And agreed – it makes the new much more interesting and worth monitoring. Thanks for the feedback, Adam!

I plan on holding a huge chunk of it (80-90%) for a decade or longer and realizing the rest as gains along the way just so I can guarantee some upside. I’m planning on treating this as a long-term investment and just riding out the volatility so if these currencies do survive long-term I’ll make some serious money. Great question!

It’s a tricky space. Blockchain technology, which is what bitcoin is based on, has a high likelihood of revolutionizing the economy, but it’s nearly impossible to predict which specific cryptocurrency, if any, will survive long-term. That’s why this is such a huge gamble.

Nice to hear you’re following a similar approach – focus on maxing out retirement accounts and only put money in crypto you’re completely fine with losing.

It’s certainly not an investment I would recommend for most people – in fact, I consider it more of a complete gamble than an investment. But for those who are interested in getting their feet wet, I think the best way is to understand what you’re buying and only put a tiny amount of money in.