How To Build A Great Crypto Portfolio
How To Build A Great Crypto Portfolio
It’s simple but requires good discipline,
To build a great crypto portfolio, first is to have some coin(s) you are hodling and not trading, this way, you don’t miss out on the big gains that come with hodling, we all can agree that hodling has made more people richer than trading.
Let’s make us of an example, Let’s say, Jane has $100, she can put $50 on some great projects and hold for long, then trade with the remaining $50 and invest her profits in her portfolio, that way, she has a fixed asset and a working capital that she is using to build her portfolio.
On the other hand, there are those who don’t actively trade, if you fall under this category, you can however just invest all your money in those good projects and wait for the set time, if you are not wired to actively trade, like myself.
Have a great day and I hope this little tip helps someone out there build that type of portfolio we all see and admire.
Your contributions are welcome.
Just a tip for newbs who might read this in the future.
You don’t necessarily have to diversify your crypto portfolio by investing in other cryptocurrencies. Having 80-90% of BTC allocation in my opinion, is enough since most of the time altcoins usually follows BTC in price which can be use as a perfect hedge against altcoins.
Diversifying on the other hand, isn’t confined to crypto; in fact, it shouldn’t be a limiting belief that diversifying is applicable only with altcoins. You can put your money in stocks, real estate or any other precious metals rather than putting your resources to altcoins.