It’s a risky time to buy the dip, but here’s how I’d do it.
The Feb. 5 crypto sell-off was ugly, and the market hasn’t exactly snapped back with confidence. On that day, the crypto majors crashed by 14% or more, and none have completely recovered to their prior levels.
Still, now’s the time to be shopping for bargains. If I were looking to allocate $1,000 to crypto via lump sum purchases today, there are three coins in particular that I’d be buying.
Image source: Getty Images.
Bitcoin is the anchor
Bitcoin (BTC +1.62%) earns the biggest slice of the $1,000 because it’s the foundational asset in the crypto sector.
I’d buy $700 worth of Bitcoin. It’s a scarce, in-demand asset that more and more people choose to hold as it becomes…
