Unless you foolishly rebalance, that 10% initial allocation will soon become a majority of your wealth
The first question is for someone that knows your finances better like you or a financial planner. The second question is something nobody in here can answer because a) what does "viable" mean to you? b) what is "long term" to you c) nobody has a crystal ball.
Any dips before it stops flirting back and forth with 60k and REALLY breaks through 60k are blessings.
How are you guys buying alts? What’s a goood wallet to trade ethi to and exchange. **** is driving me insane
Great report on the market here: https://kraken.docsend.com/view/c289sas89ajfqktb I use what I have to. The market disparity is crazy. Aside from the big ones like Binance, Coinbase, Kraken, etc, there are over 850 exchanges. Personally, I like it because it's a barrier to entry. You have to buy X and transfer to Y to convert so you can buy Z. To answer your question, sign up for the big exchanges then transfer around, don't use ERC20 (Eth) to transfer if you can avoid it because the fees are stupid high (gas). Stuff like Uniswap and 1inch are straight wallet with fees.
kraken has the best combination of markets, liquidity and fees for US customers IMO. FTX.us has better fees, good liquidity and the best UX, but fewer markets to trade. Stay far far away from hotbit. They have the most coins but it’s truly a hot trash exchange. If you’re trying to do the whole defi gem hunting thing, then metamask wallet + uniswap is the place to start, but like Xerobull mentioned, be prepared to get eaten alive by gas fees.
Would also add some ETH as a percentage. I can see smart contract platforms soon being accepted by institutions as well. I saw an interesting comparison that ETH is in the same stage that bitcoin was in during 2017. Of course expect some washouts between now and then.
Just trying to buy some decred before it explodes more. AlreDy missed out on 300% gains because can’t buy it. Kraken doesn’t have anything I want unfortunately
https://finance.yahoo.com/news/peter-thiel-china-using-bitcoin-093000576.html Peter Thiel, billionaire venture capitalist, and PayPal co-founder advised the U.S. government to consider tighter regulations on cryptocurrencies. Thiel made these comments after he expressing worry the Chinese are weaponing bitcoin to corrode the U.S. financial system / de-stabilize the US dollar.