Originally Posted by
MeanPeopleSuck
That's a great question: what percentage of a person's net worth should be kept in crypto? IMHO, the answer's not "one size fits all." I think it depends on the answers to two questions:
1. How actively does the person stay on top of the crypto scene? Crypto happens in fast forward. An hour's like a day, a day's like a week, and a week's like 3 months. If an investor's on top of each day's stories, then OK, rock on with the crypto; but for a more passive investor -- and there's nothing wrong with that; crypto's not for everybody -- they should invest very little (maybe 1% of their net worth), and they should keep it in BTC only.
2. (#1's definitely more important) How old is the person? Don't get me wrong: I'm definitely not age-ist, it's just that the idea of money with no physical form existing completely outside the banking system, "living" on the internet tends to be easier for the young to accept. I've spent the last 3 major holidays trying to convince my grandpa to buy BTC, with absolutely no luck. Bring it down to my mom's generation, and it took about 6 weeks of convincing. (I'm happy to report that, with a few unapproved trades by me, her account's up almost 700% in just over a year, which I'd like to think qualifies me as a good son.)
But talk to somebody in their 20's and they'll probably be downloading a wallet before the conversation's over.