Crypto Portfolio Distribution: 2021 Strategy (Patreon)
Content
The Crypto portfolio has been performing phenomenal since inception in 2020. Top gainers apart from the obvious ones (BTC and ETH) are:
- DOT 87%
- RSR 74%
- THETA 109%
- ZIL37%
These are all great projects and have big upside potential in 2021 but I have to say recently I hear a lot of hype specifically on LINK, DOT, ADA, ZIL and ETH.
Key mistakes to avoid:
1) Don't mirror exactly the distribution I have. Look at the charts and see which ones are at good discount price. For example THETA is a no no for buying right now. The coin is at a very high price and tends to experience a log of volatility so is wise to wait or set an order at a lower price. If you mirror the distribution then make sure you invest little and average down when there are dips. 10% to even 40% are very common and I use them as buying opportunities specially if they happen during news and appear as "overreaction sellers".
2) Don't buy with hype. Don't fall in love with a single coin and buy a lot in a single position. Buy a little, set alerts for dips and buy more. Or even better set a DCA bot to do it for you and be patient!!! Let's say I have a 10K USD total capital and want to buy ETH for the first time, I would probably test with 200 USD. There's no rush. Patient is the key to have a healthy portfolio. Rush is the key to end up with a huge bleeding bag, get stressed, no sleep, panic sell. We don't want that.