Guys, I’d really like to know how you built your crypto portfolio? I’m a seasoned crypto investor myself (not to mention an entrepreneur) and this is just that time of the year when I ask other crypto investors about their strategies. My Strategy is centered around using AI to analyze data and trends of the current market and then rebalancing my portfolio based on my findings. What are you all doing/have done to build your portfolio?
The easiest way to build your crypto portfolio is to start buying cryptos. If you don't own any cryptos yet and you really want to become a crypto investor then you need to start investing. Don't wait for too long because you feel like the prices are too high at the moment and you want to get the cheapest possible price. My recommendation is to follow the DCA method, where you buy a constant number of crypto currencies over a longer period of time. Like this you can achieve a decent average price and don't need to worry about a short-term price fluctuation. Before that you need to decide which crypto currencies, you would like to add to your portfolio. As a complete beginner I would always start with Bitcoins, it's the OG crypto coin and should be part of any portfolio. My target for Bitcoin in my crypto portfolio is 60-80%, the rest are altcoins that I trade more fluently and change depending on the best outlooks. Trading only make sense when you have a basis to start from, I would always first try to accumulate a decent portfolio before start trading actively. The issue when you only start trading with a very small size is that you pay a lot in transaction fees and with the risk over trading your positions, it's going to be hard to generate high enough returns for your portfolio to actually grow.
Also, you could be able to purchase in fractions specially if the coins that you are focusing would really be with those top caps then it wouldnt be a bad idea and you do keep on making some accumulation or DCA on the time that they will really be that making some dumps or correction on which it is a normal approach specially if you do have plans on holding till bullrun then accumulation period should really be enough.It is really just that it cant really be avoided for you to look or see something into those new coins that circles around. Whether we do like it or not, or something that cant really be denied on which we are really that still interested
on trying to test out to invest or throw up some bucks into those low cap shit or memecoins because we do hope on hitting up some easy 500-1000x possibly on which this is something that cant be
acquired on investing with those top coins.
Build up your portfolio gradually, even if you arent that gaining that much as long you are seeing greens or gains then it would be still that considerable
and you should appreciate and be proud that you are really that doing well at least. It all matters with someones choice and interest on how you would gonna
handle your portfolio for upcoming years to come into this market place.