What Crypto Investors Need to Know as Bitcoin’s Price Plummets | Personal Finance

So remember: Whiplash-inducing moves in the crypto market have happened before, and they’ll more than likely happen again.

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3. Your portfolio shouldn’t be clobbered

Cryptocurrency’s volatile nature makes it a really risky asset, so ideally, it’s not a huge part of your investment portfolio. Financial advisors tend to recommend keeping Bitcoin and other cryptocurrencies to no more than 5% of your overall portfolio.

If you’re looking to invest a small amount of money in Bitcoin, plan to hold onto it for a longer period of time, rather than selling it when the price drops and you get worried, Anjali Jariwala, certified financial advisor and founder of FIT Advisors, previously told Money.


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