If you had $1,000 to invest in cryptocurrencies, how would you go about it? Youtuber Julian Roman answers this question in detail, based on his own mistakes as a beginner when he first started investing. The first part of the video will explain why diversification, risk management and choosing the right exchange platform are essential criteria when it comes to buying cryptocurrencies. The youtuber then suggests an optimal breakdown of a $1,000 investment, based on the current capitalisation of the various cryptocurrencies discussed.
While bitcoin and ether should be an important part of a portfolio, you'll understand why it's also a good idea to invest in the top 20 capitalisations on MarketCap, in tokens linked to DeFi, but also in NFTs and finally in shitcoins (risky crypto-currencies). Get your wallets ready!
