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The problem with diversifying hundreds of dollars is it does not move the needle. What's earning 7% a year on $100, earns you a large Starbucks. Now this compl
by nodesocket 9y ago
The problem with diversifying hundreds of dollars is it does not move the needle. What's earning 7% a year on $100, earns you a large Starbucks.
Now this completely changes once you get above 20k invested. Then, diversity is more important and earning 7% a year moves the needle.
- muzani 9y agoBitcoin has historically gone up much faster than 7% a year and can go down much faster too. Currency being what it is, it is to everyone's benefit to eventually agree on one. In most cases, it is not useful to diversify, but with crypto's make or break, your $100 could be worth $100k in the future or $0.