This is my ULTIMATE guide to managing a #crypto portfolio.
Here I show you EXACTLY how I manage my portfolio. Including how I manage my #alts, my #hodl bags and what I do when I want to go full degen and ape into shitcoins.
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1/ -- PORTFOLIO SPLIT ---
I split my portfolio into three sub-portfolios
HODL (40%) - I don't touch this much other than to DCA.
Trading (55%) - Where I take most positions I share on CT.
Ape (5%) - More on this later.
2/ -- HODL ---
My HODL portfolio is simple. It currently holds $BTC, $ETH, $SOL, $LUNA n $LTC.
I've taken profit aggressively on SOL and LUNA though.
Even though this is a HODL portfolio I occasionally TP everything that isn't BTC or ETH.
Here are 30 or so #crypto tiips, divided into categories for your reading pleasure.
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1/ -- MANAGING MONEY --
- When you're up 100% take your seed investment out.
- Stake stable for APY. Your money should always be working for you.
- Split your portfolio up between HODL cryptos like $BTC n $ETH and medium/high risk plays.
2/ -- FOMO & GREED --
- Never chase big green candles, wait for a retrace.
- Get used to missing out, you can't catch every move.
- Get used to losing, you can't always be right.
- Cutting losses and moving on is often better than waiting for a bad investment to turn around.
1/ Most people should be investing long term and not trading. Just DCA and #HODL.
But how?
It's actually easy to DCA in #Crypto, here is a guide.
-- PICK YOUR CRYPTOS --
Pick five, I would day $BTC, $ETH, $LUNA, $SOL and $MATIC or a dinasour like $LTC or $ADA
2/ -- SPLIT --
You need to decide on a split. In my HODL portfolio, I've started focussing on #Bitcoin as my biggest hold. My split is 30% $BTC, 20% $ETH, 20% $LUNA, 20% $SOL and 10% $LTC.
Everyone has their own opinion on what to HODL and what not to and splits. You do you.
3/-- AMOUNT --
Calculate an amount of fiat per month you can contribute to buying crypto. This should be money you can afford to lose. Once you know the amount you can move on to the next step 👇
1/ Finding a 10x project in this bearish #crypto market isn't easy if you don't know what to look for.
Here are a few tips on EXACTLY what I look for when researching a project.
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2/ -- TEAM --
I always look for a good team with experience and connections. I basically turn into a stalker and find out everything I can about the team. Who are they working with? Who have they worked with in the past? Do they have connections with big exchanges?
3/ -- TEAM cont --
This info is found on google, Twitter, LinkedIn, articles, press releases and sometimes by asking people. A team with exchange connections or who has worked with exchanges can get fast-tracked to exchange listing. Also, a team with experience is always 👌
1/ I see so many people losing their #crypto or #nft bags by connecting to dodgy sites.
There's an easy way to prevent this.
The first and best way is to never connect to dodgy sites 🤣 but I want to be able to do that sometimes to mint #nfts etc. Here's how I handle this
2/ -- DUMMY WALLET --
Create a dummy MM wallet and keep little in it. Use this wallet as your top-level MM wallet and import your main wallet as a secondary. Your main wallet should only ever be used to connect to legit sites you 100% trust. Your dummy is for everything else.
3/ -- DUMMY WALLET cont --
I keep enough crypto in my dummy wallet for gas fees. If I want to buy an NFT/crypto from a dodgy site I'll transfer crypto from my main wallet to my dummy wallet using "transfer between accounts" on MM and use the dummy wallet for the transaction.