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2021 has produced the kind of market return that investors often dream of. The climate of uncertainty driven by the epidemic, as well as extremely fast online trends saw biopharma and home stocks as service delivery companies, operating in domestic stocks such as Zoom and domestic entertainment stocks such as Netflix thrive.Even the sale of technology stocks created opportunities for investors to buy dips. Markets have been hit hard, including energy problems, supply disruptions and operational disruptions and inflationary pressures, which have put the bed of offline assets such as cryptos to flourish. Receive 110 USDT Futures Bonus FREE! Solana was the biggest winner in 2021 by far from the crypto category with a profit of more than 9649%, followed by Ethereum for its DeFi service and other applications, which increased by 265%. Bitcoin itself has had a rocky year, but managed to gain more than 65% by 2021.
With so much uncertainty leading to 2022, what is the best way to manage your crypto portfolio? Here are our top 5 tips 1. Risk Management Many crypto experts say that you should only invest about 5% of your portfolio size in cryptocurrencies. As we know, they are not flexible assets that can go up by an astonishing 10% or more in one day. 2.
See help Although Bitcoin is the king of speculative assets, its foundations have been a way of exchanging money around the world. It did not happen that way because of its flexible nature, which means it is not suitable as a payment method, but it certainly brings an opportunity for investors and day traders. If 2021 shows us anything that real crypto winners are the ones with real work and real world application behind them. See Ethereum and Solana for examples. If you are investing in cryptos, look for projects or protocols sitting behind them. How much material do they have? How many projects are hosted on their networks, or how many users do they have? This is a sure sign of a winner. Meme cryptos are great, but do they have real world use behind them? Probably not. 3. Follow Prominent Investors In 2021
we saw the rise of the TikTok investment promoter. For the vast majority of new marketers who do not know how to invest in cryptos, follow the tips of influencers on Instagram and TikTok. The sad part of this story is that these influencers do not come up with proven records of how successful they are in trading and as the saying goes, "those who can, those who can not teach". Instead, divert your thinking to copying real sellers.
You can do that with community trading platforms such as NAGA and eToro. NAGA is a public trading company and all business leaders are fully transparent in terms of their trading success. You can see how their portfolios are performing and how the rate of return they are delivering their copies. Copy trading allows you to automatically replicate their trading, and for the best part, you do not need to be an expert in trading to do this. It allows business leaders to do all the research and strategy on your behalf, while at the same time taking advantage of their ingenuity. 4.
Diversification Diversification is the way you present your portfolio in as many different types of assets, markets, sectors and regions as possible so that if one fails, others have a chance to succeed. Considering the context of the cryptos, that means you don’t just buy Bitcoin, you spread your main currency among a range of various cryptocurrencies. Get exposure to cryptos by buying, trading, and even related stocks such as mining companies and crypto platforms. Diversity is what will allow your portfolio to withstand any storm. 5.
Cryptos shares and revenue, unlike other stocks, do not pay monthly dividends but allow you to put them on a stake for continued yield. In 2022, look at contracts, lending and borrowing, to make your tokens work harder for you. Important The only thing we know is that we can expect a turbulent year in 2022 for the market.
However, this type of climate creates flexibility, which when used properly brings opportunities for investors and traders. More money is being poured into the crypto arena than ever before, so we can expect another exciting year for this asset class. The strategy is to manage your crypto portfolio to keep your money as long as possible while maximizing profits and minimizing your risk. Follow the tips above and this will give you a solid foundation for the coming year.
Orignal Content Link https://grizler.com/blog-detail/11
Orignal Content Link https://grizler.com/blog-detail/11
