How to Build Your Crypto Portfolio Without Risk

Your Own PORTFOLIO.png
Photo by Jeremy Bezanger on Unsplash

You can watch any video tutorial about trading. Whether it's Forex or Cryptocurrencies, the first thing they read (or show) to you, is the disclaimer. Anyhow...that's if you are watching a legal video and not some scam...

They make it very clear that there is a risk involved in trading.

Some people will go as far as telling you that the risk in trading cryptocurrencies is even greater than trading Forex, due to the high volatility of cryptocurrencies.

And to large extent, I would like to disagree with that statement. Not because I think there is no risk involved, but because I think trading is risky...full stop. Whether you trade Forex or whether you trade cryptocurrencies...if you don't know what you're doing, you're going to get burned...

But, it is the same with any business...

Do you really think you are going to start a business without taking any risks?

If you want to start a business and you apply for financing to help you get it started...what is the first thing the creditor will be looking at? What is the risk involved!

Trading is no different. If you want to start any other business and you have no knowledge and zero experience in the field of business you want to enter into, which investor will be looking at you to invest their money in your business.

What makes trading different? Whether it is Forex trading or cryptocurrency trading... It is just another form of business.

Anybody will tell you how silly it is to start a business in an industry you know nothing about. So why is it that so many people try their hand at trading (without getting any education in trading) and fail?

It is human nature! They see someone (a trader) living a nice lifestyle and all this person does is "sit in front of a computer making trades all day".

And there they go...EASY MONEY!

With cryptocurrencies, it is even worse because of all the hype involved when a coin (especially Bitcoin) is having a bull run.

I don't think I need to tell you about FOMO and then how people start panicking and selling when the price comes down, losing all their money...and the next thing that everybody is talking about is how this "crypto thing" is nothing but a scam...

Oh my...I can only giggle at this...

But, even if you're not an expert in trading or in any cryptocurrency for that matter, there is a way that you can start building a nice little crypto portfolio without any risk.

Build Your Crypto Portfolio Without Any Risk.

Back to the warnings that we would hear from anybody who knows what they are talking about...do not invest any money (or trade with any money) that you cannot afford to lose.

Oh yes...and if you want me to say it...this is not financial advice...

It is a well-known fact though that it takes money to make money.

Well...let's just put a little twitch into that statement. Yes, I'm not going to tell you that you can make money from nothing...

But let's rather put it this way... It takes an investment to make money.

Yes, you will have to invest something. But you can either invest money, or you can invest your time.

If you are willing to be active and do some work here on the blockchain, you can start building your crypto portfolio without investing a penny.

By engaging with fellow community members and by creating content, you can start earning some cryptocurrency right here on the blockchain.

If you can resist the temptation to start withdrawing your earnings, you can re-invest it and start building.

Without talking about all the tokens that you can earn in your Hive-Engine wallet, let's just discuss four currencies I've been introduced to since I've started here on the blockchain to get an idea of the potential of doing this.

HIVE

Obviously, the first one that comes to mind is HIVE itself.

When I arrived here on the Hive blockchain during 2020, Hive was trading at an average of about $0.10 to $0.11.

Obviously, we all want to see an increase in value, but not knowing much about Hive at the time, I didn't really have any special expectations. I decided to just spend time and build my account by increasing the amount of Hive in my account.

But let me share this with you...

At the beginning of this year, the value of Hive started increasing and went up to about $0.85 in April.

The price showed a pullback from there and came down to about $0.20 again in June 2021. Since then it is in a nice steady uptrend and is currently trading at around $0.80 again as you can see in the graph below.

HIVEUSDT_2021-10-26_11-12-55.png

If you follow my goal updates every Friday, you'll know that I have become quite determined about building my Hive Power to add value to my account.

HBD

HBD (or Hive Backed Dollar) is supposed to be a stable coin which is also one of the currencies in which you can earn here on the blockchain.

Recently, a savings account has been introduced where you can deposit your HBD and earn 10% APR on what you hold in your savings account.

As I understand from several posts I've read, it's quite a process and a challenge to create a stable coin and actually keep it stable against the US Dollar.

In the graph below you will see that we've had some massive spikes in the past (where many people made some good profits), but they've managed to keep it nice and stable above the $0.80 level. It has been nice and stable over the last couple of months.

HBDUSD_2021-10-26_11-32-26.png

Basic Attention Token (BAT)

With my arrival on the Hive blockchain, I was also introduced to the Basic Attention Token (BAT).

It is not on the Hive blockchain and is associated with the Brave browser that you can use on your computer. The browser is similar to Chrome but is awesome in blocking unwanted advertisements while you are browsing the internet.

It gives you full control over the number of adverts which are shown to you. You are notified when there is an advert to watch, and if you decide to watch it, you actually get paid in BAT tokens.

Again, I don't stress about buying or even when to buy these tokens...they just keep arriving in my Uphold online wallet and I just leave them there to accumulate.

It had a bit of a dip earlier, but as you can see on the 4-hourly chart below, it came up nicely again and is steadily keeping its value at around $0.70 at the moment.

BATUSDT_2021-10-26_11-23-39.png

PRE

PRE is another token I got introduced to which is not here on the Hive blockchain but provides a great opportunity.

Instead of Google search, I use PRESEARCH and for every search I perform, I get paid 0.1 PRE token. Currently, you'll get paid for up to 30 searches per day.

Earlier this year the value of this token ranged between $0.01 to $0.10. But during September and October, we saw a massive spike to about $0.45. The price has pulled back again but is currently still trading around the $0.28 mark.

PREUSDT_2021-10-26_11-39-49.png

The Risk

What risk? Unless you spend money to buy/invest in any of these tokens, you cannot lose any money that you haven't spent.

So it's a typical "I have nothing to lose but I have a lot to win" scenario.

You never know which token is going to suddenly take off and increase in value. If you don't have it...well, you won't lose anything...but you won't gain anything either. Get what I mean?

Conclusion

Yes, you actually can start building a cryptocurrency portfolio without spending a penny...thus, without any risk.

You can actually enjoy it and have fun with it without stressing when the prices go up and down.

Thank you for reading my post, I do appreciate it!



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Thank you to everybody who interacts with me on my posts and who supports me. Without them, this would not have been possible.

Thank you for the badge and for all the support, I appreciate it!

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This is exactly what I felt when I was coming into crypto when I was introduced to Steemit
I knew NOTHING about anything ahahaha

but I was doing it for the fun and the writing - I didn't think I'd ever make money on it hahahaha

and I started collecting steem and sharing it - and giving it as prizes - and upvoting like mad hahahahaha and making a tribe for myself! :)

and a while later - it was actually WORTH something. and I thought - oh my gosh. If someone told me that i could have made money doing what I did last year.... lol I would have told them they were crazy!

and yet i did it. and I didn't invest a dime - i invested my TIME. just like you said hehehe

but what a valuable thing to do!

and yes - there is always risk where money is involved, but how fun that we can risk our time here... and no matter WHAT - we can still have the dividends of friends, increased skill, networking, and more!

love this post - and you should definitely keep this somewhere for easy-access when friends want to find out about crypto from you! hehehehe

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Yes, TIME is the biggest investment for most of us here on Hive!

Ad as you rightfully say, we stand to gain so much more than just money...

I'm really glad you enjoyed this post and...

and you should definitely keep this somewhere for easy-access when friends want to find out about crypto from you!

I think that is a brilliant idea! Thanks for mentioning it!

PS: I was in the middle of replying to your comment just over two hours ago when everything just went dark again...load shedding this time...

That's when the self-dialogue begins..."stay calm...breath deeply...don't start throwing things around..." Oh...I'm sure you get what I mean...lol.

Anyhow, I'm back again...let's just carry on as if nooooothing went wrong.... And as mentioned...I'm glad you enjoyed my post...lol!

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hhahahahahahahahahahaha

i barely noticed a break in the dialogue LOLOL so how long does it usually stay off for?

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It stays off for two hours at a time. Up until Tuesday, we were on what they call "stage two loading shedding. In stage two we had it once a day. Since yesterday it has been pushed up to "level 4" Now we have it up to three times a day 2 hours at a time.

Started this morning between 6am and 8am. Then 2pm to 4pm, and again tonight between 10pm and midnight...

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oh my gosh!!!! 3 times a day, 2 hours at a time!!!!!!

that really requires a LOT of careful planning LOL I guess you have to charge everything while its on... write when its off.... then quick post when its on! hahahahahaha

how long does this last???

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It's utterly frustrating!!

how long does this last???

Who knows... for now we know it will continue until at least after the weekend. Will have to wait and hear what happens after that.

I just received a notification that we are now going down to stage three as of tonight, which means for at least tomorrow it will be two times instead of three...

Woohoo...I'm so excited!! (Actually being sarcastic...)

This is all happening because of poor maintenance and in some cases where even no maintenance has been done on the system, including corruption, etc, etc,...the list goes on and on...

I'm going to call it a day for now...next load-shedding is expected to start in ten minutes' time...

Enjoy your day, Leah!

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ok!!! sleep well Jaco!!! hehehehe
hope it ends soon for you!!!!

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Thank you...lol...almost time to sleep well again and I'm only getting back to you now...LOL

I really hope it ends soon.

At least I've achieved all my goals for this year and I can now start experimenting and tweaking to see where I can improve to start working towards next year's goals!

Going to take a break to have dinner and then take some time to do my @dreemport reading.

I still need to get back to the ones I bookmarked yesterday for some interaction...

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you know what - I can really feel how difficult it is for you with this power thing. I know its really hard on you right now. and it makes me appreciate the time you give all the more.

I'm going to be praying (right now) for this power issue to end. I'm going to be asking for it to end on Monday.

God can do this for us. I believe!

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You are not going to believe what I'm going to tell you now...

I have just received a notification...load-shedding has been suspended!!

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of course i believe it.
When I prayed - I prayed with the absolute knowledge that it would be done.

I'm very very serious.

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