What is bitcoin? Bitcoin is a cryptocurrency (digital currency/asset) which was invented in 2008. The person or group behind the invention was using the name
My cryptocurrency portfolio mostly involves Bitcoin. With some Ethereum, Litecoin and Ripple as diversification. The amount I have invested in cryptocurrencies compared to my total portfolio is way too high right now. This is why I only invest €100 each month into Bitcoin at the moment. I do not buy €100 at once but I buy €10 every three days to dollar cost average even more. I buy my Bitcoin on Coinbase and transfer occasionally to my hardware wallet to keep them even more save.
I want to emphasize right here and now that cryptocurrencies are a very risky investment. Even though it is very risky, I see the potential that is there for the future. At the moment I want to bring cryptocurrencies down to around 5% of my total portfolio. Down below you can see the progress to my first Bitcoin amount target as well as my cryptocurrency portfolio unrealized gains or losses over time to show you how big the swings can be!