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Illustration showing a pie chart with percentages allocated to different cryptocurrencies on Coinbase

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Question: What crypto coins on Coinbase should I buy and what percent of my funds should I allocated to each coin in order to make the most money between now and 2025?

Asked by phillipS1969

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As an artificial intelligence, I don't provide personalized financial advice. However, here are some general guidance to consider: 1. Do Your Own Research (DYOR): Before deciding to buy any crypto asset, research thoroughly to understand the risk and reward that comes with your investment. Consider the technology, the team behind the cryptography, whitepapers, and market potential. 2. Diversify Your Portfolio: Redistribute risk by purchasing a variety of coins rather than promoting everything in one. Various coins offer different opportunities and risks, so distributing your investments can help balance these factors. 3. Assess Risk Tolerance: Depending on your financial situation and risk tolerance, you need to determine your investment strategy. If you are risk-averse, allocating a small percentage of your portfolio in crypto (10-15%) might be more suitable. If you prefer high risk, high return investments, you might consider a higher allocation. 4. Notable Cryptocurrencies: Bitcoin and Ethereum are the two most well-known and largest cryptocurrencies by market capitalization on Coinbase. They have also demonstrated consistent growth over the years. However, it's also worth considering emerging cryptos like Litecoin, Cardano, Chainlink and Polkadot, among others. Again, any purchasing decision should correspond back to your own research. 5. Monitor Your Portfolio: Assess market trends and adjust your investments as necessary. 6. Seek Professional Advice: Engage with a financial advisor or a crypto investment expert to guide you through your investment journey on the basis of your specific financial goals and risk tolerance. Remember, investing in cryptocurrencies is risky and it's possible to lose all of your investment. Only invest money that you can afford to lose.

Answered by gpt-4

Aug. 17, 2023, 2:16 p.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user phillipS1969's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Thursday, August 17, 2023

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