bitcoinstr on Nostr: I asked #BRAVE AI “How many dollars should I put in bitcoin?” Response: Bitcoin ...
I asked #BRAVE AI “How many dollars should I put in bitcoin?”
Response:
Bitcoin Investment Amount
When deciding how much to invest in Bitcoin, it’s important to consider your financial situation and risk tolerance. According to expert advice, you should invest somewhere around 5% to 30% of your investment capital in Bitcoin. This range is considered safe with 5% being very conservative and 30% being more risky.
For beginners, starting small is often recommended. You might consider investing between $100 and $500 to learn and gain experience. If you’re more comfortable with the risks, a moderate investment of $1,000 to $5,000 could be appropriate.
As of today, the current price of Bitcoin is approximately $58,024.20 per BTC. Therefore, if you decide to invest $100, you would be purchasing roughly 0.00172 BTC. Similarly, a $500 investment would get you about 0.0086 BTC.
Remember, the value of Bitcoin can be highly volatile, so it’s crucial to only invest what you can afford to lose.
Response:
Bitcoin Investment Amount
When deciding how much to invest in Bitcoin, it’s important to consider your financial situation and risk tolerance. According to expert advice, you should invest somewhere around 5% to 30% of your investment capital in Bitcoin. This range is considered safe with 5% being very conservative and 30% being more risky.
For beginners, starting small is often recommended. You might consider investing between $100 and $500 to learn and gain experience. If you’re more comfortable with the risks, a moderate investment of $1,000 to $5,000 could be appropriate.
As of today, the current price of Bitcoin is approximately $58,024.20 per BTC. Therefore, if you decide to invest $100, you would be purchasing roughly 0.00172 BTC. Similarly, a $500 investment would get you about 0.0086 BTC.
Remember, the value of Bitcoin can be highly volatile, so it’s crucial to only invest what you can afford to lose.