How Diverse is Your Crypto Portfolio?
They say not only in cryptos but generally speaking in the investments that you need to have a diversified portfolio. The logic is quite simple. If you have only 1 crypto, stock or whatever investment you can think of and something happens that will bring down its value then you will be in tears.
Think about it, let's say i have the X crypto and something bad is happening in the market or that particular industry. Its value will go down and i will lose everything. Thus, it is advised to have more than one investment in order to try and balance it somehow.
For example, if the first investment marches deep into hell, maybe the second is steadily going up, so i will cut my losses that way or even profit a bit. So that got me wondered about your crypto portfolio.
If you want to, you can name stocks and precious metals as well, i have nothing of that, maybe 1-2 sets of silver coins that's why i tried to stay with cryptos.
I haven't done the math yet so i don't know what the exact percentages are but i can name my belongings. So to begin with i got close to 6k Hive, 2k LEO ,4k CTP and 500 LBI. I got other tokens as well but these ones are currently the top ones in my portfolio. Ahh and close to 60 CUB!
Outside the Hive ecosystem, i don't have a lot. I think i have around 80 AVA, 100 ADA, 3 DOT, and 100 TWT. Ahh and 50$ worth of bitcoin :P. It's not much but hey 95% of what i got was achieved through my earnings from Hive and steemit so i can't complain. I have only invested 150 euros of my own money!
That's what i got, i am so transparent don't you agree? Although i am not a financial advisor i would urge you to hold 2-3 different cryptos. I may don't have btc but i still believe that this is the safest option among cryptos.
If only those Hive Leo and CTP were just 1$, i now would have $12.000 and i know that a lot of people would be millionaires. The crypto market is crazy though and i can't expect what will happen next. We need to do our research as usual and check the news often.
So How Diverse is Your Crypto Portfolio?
My Latest Post
How Can Your life Change with 1$ Leo & Hive?
Cub Finance: A Funny Approach to the New DeFi Project
Do we really need so many Tribes and Tokens?
How much You would Earn If you Invested in Hive 3 months ago
Joining the Army in May: How i will Handle My Crypto Assets?
A Question i hear lately: If you got $5000 in Cryptos Why you Don't Cash out?
Hive's price is going crazy: Can you tell me Why?
or simply click on one of my profiles!
Filotasriza3 (LeoProfile)
Filotasriza3 (HiveProfile)
Filotasriza3 (SteemitProfile)
Posted Using LeoFinance Beta
https://twitter.com/filotasriza3/status/1376616522391633920
I'm holding a million different coins bro :P
!LUV 1
Posted Using LeoFinance Beta
Command accepted!
A million dogecoin?
I was holding a quarter million DOGE back in the day, but I dumped them :(
Posted Using LeoFinance Beta
hahaha :P
Posted Using LeoFinance Beta
Hey @filotasriza3, you were just shared some LUV. With at least 5 LUV in your wallet, you can give 3 LUV per day, for free. See the LUV tokens in your wallet at https://hive-engine.com or learn about LUV at https://hive.blog/@luvshares
10 cryptos, 3 stable coins, and other assets, yeah diversify is good
the million-dollar question is which are those 10? :P
Posted Using LeoFinance Beta
etherium, bitcoin, cardano, monero, dash, z-cash, status, tezos, litcoin, and hive.
i don't mind revealing that because i'm not trying to sell any at the moment!
the only one that i have no clue about but i have seen it is tezos!
Posted Using LeoFinance Beta
It's a long shot but I've done OK on it so far
Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique that mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
Tezos takes a fundamentally different approach to governance by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.
I have so many things going on I'm loosing track of them. I'm 25% cripto and well-diversified in them.
Posted Using LeoFinance Beta
now with the crypto pump you must be goooood!
Posted Using LeoFinance Beta