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What is the ideal amount of Shiba Inu coin to hold in my portfolio?

avatarLalit DasDec 27, 2021 · 3 years ago3 answers

I'm new to investing in cryptocurrencies and I'm interested in adding Shiba Inu coin to my portfolio. However, I'm not sure how much of it I should hold. What is the recommended amount of Shiba Inu coin to have in my portfolio? Should I invest a significant portion or just a small percentage?

What is the ideal amount of Shiba Inu coin to hold in my portfolio?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would recommend diversifying your portfolio and not putting all your eggs in one basket. While Shiba Inu coin has gained popularity recently, it's important to consider the risks associated with investing in a single cryptocurrency. I suggest allocating a small percentage, around 5-10%, of your portfolio to Shiba Inu coin to mitigate risk and maintain a balanced investment strategy.
  • avatarDec 27, 2021 · 3 years ago
    Hey there! Investing in cryptocurrencies can be exciting, but it's important to approach it with caution. When it comes to Shiba Inu coin, it's a relatively new and volatile asset. It's generally recommended to allocate a smaller portion of your portfolio to high-risk assets like Shiba Inu coin. Consider investing around 1-5% of your total portfolio value in Shiba Inu coin to minimize potential losses while still having exposure to its potential gains.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a popular digital currency exchange, the ideal amount of Shiba Inu coin to hold in your portfolio depends on your risk tolerance and investment goals. If you're comfortable with higher risk and believe in the long-term potential of Shiba Inu coin, you may consider allocating a larger portion of your portfolio, around 10-20%. However, it's important to do thorough research and stay updated on market trends before making any investment decisions.