Part 3/8:
Allocate a Portion to Bitcoin
With my $1,000 budget, I would set aside $100 for Bitcoin. Why? Because Bitcoin is the flagship cryptocurrency and holds a significant place in the crypto ecosystem. Investing in Bitcoin not only helps in understanding its market behaviors, but it also allows you to be part of a community that recognizes Bitcoin's long-term potential as digital real estate.
It's important to realize that the $100 invested in Bitcoin is not meant for short-term flipping; rather, it’s a strategic move to establish a foundational interest in the asset class. While many newcomers consider diversifying into various altcoins right away, spreading your investment too thin can dilute potential gains. Therefore, focusing on Bitcoin initially makes sense for a beginner.