What are the best ways to spend 140000 yen on digital assets?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the best ways to spend 140000 yen on digital assets is to diversify your investment portfolio. Consider allocating a portion of your funds to established cryptocurrencies like Bitcoin and Ethereum, as they have a proven track record and are less volatile compared to other digital assets. Additionally, you can explore investing in promising altcoins with potential for growth. It's important to conduct thorough research and stay updated with market trends to make informed investment decisions. Remember to only invest what you can afford to lose and consider consulting with a financial advisor if needed.
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• Dec 29, 2021 · 3 years ago
  If you're looking for a more hands-on approach, you can consider day trading or swing trading digital assets. This strategy involves actively buying and selling assets within short timeframes to take advantage of price fluctuations. However, it requires a deep understanding of technical analysis and market indicators. It's important to set clear entry and exit points, manage your risk, and use proper risk management techniques. Keep in mind that day trading can be highly risky and may not be suitable for everyone. Only engage in it if you have the necessary knowledge and experience.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we recommend considering decentralized finance (DeFi) projects as part of your digital asset investment strategy. DeFi offers various opportunities for yield farming, lending, and staking, which can potentially generate higher returns compared to traditional cryptocurrencies. However, it's crucial to thoroughly research and assess the risks associated with each DeFi project before investing. Keep in mind that the DeFi space is still relatively new and can be highly volatile. Stay updated with the latest news and developments in the DeFi ecosystem to make informed investment decisions.
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