Topic: How to Create Cryptocurrency Portfolio (Read 156 times)
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I used some application I downloaded with google app and play store, you can schoose just the coins you want to see everyday then it will connect you the best exchange or market who has the best price for this coin.
There are various strategies for investing in financial markets. One of them is Index Trading. Instead of putting your money in many different stocks, you can buy only one stock ? the stock of some index fund which tracks the performance of a total stock market or a particular industry.
For cryptocurrency, there are no easily accessible methods to buy some index fund which tracks the overall cryptocurrency market and is available for every investor around the world. But you can create such index by yourself. You can create a basket of crypto assets to build your portfolio.
The most common way to create a portfolio is to allocate all assets by weighting them by market capitalization. It means, for example, if a share of Bitcoin among all cryptocurrencies is 40%, you put 40% of your money into Bitcoin.
The situation on the crypto market is changing quickly and constantly. Some coins can grow rapidly in a matter of days or even hours, while others can drop sharply very fast. You should keep an eye on market changes of all assets of your portfolio and update it accordingly.
To maintain the relevance of your portfolio in relation to the current market situation, you can do a portfolio rebalancing every week. Track the change of each asset?s weight in the total amount of Market Cap and make appropriate changes in your portfolio: reduce the share of an asset which price is dropping, and increase the share of an asset which price is rising.
In Bokka Exchange you can easily buy and sell cryptocurrency and keep your finger on the pulse of the crypto market. Bokka offers a wide range of features and tools to help you make wise trading decisions.
Read full article here: https://bokka.com/how-to-create-cryptocurrency-portfolio/
For cryptocurrency, there are no easily accessible methods to buy some index fund which tracks the overall cryptocurrency market and is available for every investor around the world. But you can create such index by yourself. You can create a basket of crypto assets to build your portfolio.
The most common way to create a portfolio is to allocate all assets by weighting them by market capitalization. It means, for example, if a share of Bitcoin among all cryptocurrencies is 40%, you put 40% of your money into Bitcoin.
The situation on the crypto market is changing quickly and constantly. Some coins can grow rapidly in a matter of days or even hours, while others can drop sharply very fast. You should keep an eye on market changes of all assets of your portfolio and update it accordingly.
To maintain the relevance of your portfolio in relation to the current market situation, you can do a portfolio rebalancing every week. Track the change of each asset?s weight in the total amount of Market Cap and make appropriate changes in your portfolio: reduce the share of an asset which price is dropping, and increase the share of an asset which price is rising.
In Bokka Exchange you can easily buy and sell cryptocurrency and keep your finger on the pulse of the crypto market. Bokka offers a wide range of features and tools to help you make wise trading decisions.
Read full article here: https://bokka.com/how-to-create-cryptocurrency-portfolio/
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