Let's say I have $17,000 looking to invest in Cryptocurrencies, how should I allocate/buy my funds based on the current market?

A nubie here. Just want to share my experience because I also just started investing in crypto too a few weeks back.

I was initially want to DCA-ing monthly, but end up buying aggresively on BTC and ETH during this dip :-)

The allocation for BTC/ETH is 40/60.

I am bullish with cryto in long run, so probably will keep investing regardless what market condition is.

P.S: not a buying recommendation nor it is a financial advise. Only spend on money that you are willing to lose.​​​

May deploy a barbell Strategy here :

1. 95% on Bitcoin via DCA due to limited supply and continuous buy in by major institution. Chance of x 30 long term regardless due to its blockchain stability/ rigidity but it's ready as an asset class on its own.

2. 5% on alt coin :

ETH- Too many issues and hacking on it's smart contract , gas fee too high and recently just change from proof of work to proof of stake , not ready for any prime time till solve all it's issue.

DOT / DFI - Read up more of it's application, team and direction.

Welcome to crypto. I doubled my capital in months and found out I was the SLOW one in crypto. I started to realize the yields in crypto is real, and based on decentralized finance (Defi) . Means profits are from financial sectors' current activities (no prizes for guessing why I no longer have bank stocks).

if you are lazy and just want to buy and hold, go for dollar-cost averaging, buy bitcoin (BTC) or Binance coin (BNB) weekly. Binance is the exchange, there are only 3 large exchanges in the world worth looking at, binance, FTX, and Gemini.

If you are hardworking, go google BSC (binance smart chain), pancakeswap and you can figure out why this network is the current easy way for public to join in defi. Go find autofarm.network or pancakebunny and see the APY yield for cakes, more than 300% APY on average.

Do note that there is a steep learning curve.... it is worth the effort though.

https://www.binance.com/en/register?ref=K1TDOF05 for 5% discount on all your trading in binance.

https://ftx.com/#a=5810095 for registering in FTX.

Most people will use these 2 large exchanges for buying and holding crypto assets. FYI, Binance is backed by CZ https://www.forbes.com/profile/changpeng-zhao/?...

FTX is backed by SBF

https://cointelegraph.com/news/sbf-says-he-s-am...

If you're new, I suggest you stick to larger altcoins, with a few smaller ones as your alpha (require a lot more research)

Not financial advice and purely personal opinion, but this is how you can allocate your portfolio:

20%: Bitcoin (BTC) - King
20% Ethereum (ETH) - most used smart contract platform
10% Polkadot (DOT) - interoperability
10% Chainlink (LINK) - Oracle
10% Uniswap (UNI) - DEX
10% Terra (LUNA) - currency/ payment network
10% Aave (AAVE) - DeFi
10% Enjin (ENJ) - NFT

This is a relatively 'safe and stable' portfolio. Do not expect a 10x increase in your portfolio size anytime soon, but your downside risk is relatively limited (still a possible 30-60% drop) compared to having more mid or small cap altcoins

Some alpha I like: ATOM, FTT, EGLD, CHZ, RUNE, GRT, MATIC, BNT, RSR, AR, 1INCH, OCEAN, MIR

Please, DYOR

Ps. with portfolio value of 17k, you shouldn't overdiversify (5-10 coins will be just nice)