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RE: How to build a crypto portfolio + my own portfolio breakdown
Here are some of my principles for Crypto investing -
- Only invest in projects that you understand, steered by a strong team and has overall good community support. Not to mention review the supply of coin and its market cap.
- Diversification is key (Privacy coins, decentralized exchange, infrastructure projects, decentralized web, social media etc) in cryptos
- Rebalance your portfolio periodically
- Buy the dip, specially dollar cost average the winners that are exceeding your expectations
- Never put more than you could afford to lose
- Hold for long term, but evaluate if the project is achieving its milestones periodically
Superb Summary, JerseyNash! We fully agree with these bullets. This should be located in front of your display!
The Best way and the most reliable one - find the gems (fundamentally strong projects which have strong team, a product in the mind to solve an important issue with high utility value). Ideally, it should have a reasonably deep moat vs. competitors. This is the recipie for success! Earlier or later the market will recongize the value of the project and will award you with immence profits. Real life example, RLC token (iExec) >+100% on 12 January! This pick was included in our portfolio yesterday and published here https://steemit.com/crypto/@p2port.com/crypto-portfolio-high-quality-crypto-assets-for-long-term-growth-created-on-11-january-2018
Dude you're excellent, that's really good advices ! This is advices from someone who loves more crypto than the cash itself, I upvote and follow you for sure !
Hey jerseynash, excellent points! But also throw in some wild cards. A little risk here and there is ok. Keeps life spicy :)
Are you investing in cryptos? Or are you trading cryptos as an alternative to jerking off?
And one more thing to take into consideration - > never invest into coin / project which cannot justify why they actually need coin in first place. If project can exist w/o coin, then it's all about speculation.
That's some valuable info, thanks! My problem is being too diversified lol...
Here's some value to you, technical analysis on BTG:
Bitcoin Gold (BTG) - Analysis (162% POTENTIAL PROFIT) https://steemit.com/bitcoin/@benkalashnikov/bitcoin-gold-btg-analysis-176-potential-profit
Good buy trade on this penny crypto
source
https://steemit.com/altcoins/@salahuddin2004/5qquhb-loopring-will-loop-out-to-usd-3-06
great summary. i think not being afraid to take profit could be a good point. i like to plan on taking a % at certain levels to reinvest in something i have that is currently down (and still believe in) or put towards a coin I have on my watch list
Thats great summary.. Loves Crypto and Cash in this high risk market.. Thank You..