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Last years crypto journey was much more about learning about as much as I could and of course make a little something in the process. The simple truth is there is always more to learn and that is a good thing. The day we stop trying to lean more about any subject crypto or other subjects two things take place which I see as a losing proportion.
First, and probably most important in realm of cryptocurrencies is falling behind the curve. What do I mean by that? Simply put, crypto moves at such a pace on day-to-day basis it becomes much more difficult to catch up. I certainly felt this way when I started this journey 15 months ago. It honestly took me awhile to feel comfortable.
Secondly, it took me a long time to realize this simple truth not all tokens and/or coins are created equal. Some are better suited for trading than others simply due to value and shear volume in market capitalization. Others are more suited for longer term holding.
I would like to think that I am making progress in terms of learning to trade and perhaps I have to a degree. It really wasn't until perhaps last November/December that it really started to make more sense as a beginner. There is much room for improvement that learning as I go only makes sense. The more I seek to learn the better my profits have gotten over the past several months in particular.
Due to a constantly fluctuating working schedule I find in some cases more difficult to actively trade. This has certainly been the case as of late. Remember earlier I meantion not all tokens are created equal. Once I arrived at this idea it prompted me try something differently from last year.
Even when time is tight and you have less time to tade profit is still what you want ultimately. This is where staked tokens come into play. I was aware of staking but it was largely limited to what I was able to trade while using COINBASE as my primary exchange. That included a total of five tokens plus the Tron held with Klever.
A month ago I took a chance to truly see what other options were available too. Settling on KUCOIN a whole new avenue in what staking potentially could do with my time constraints.
It dawned on me even if I get a trade setup that to a degree it meant a larger portion of my portfolio was being held for no gains. Currently close to 80% is being staked. I do realize that even if the tokens outside of my stake in Hydra that even a smaller APY is still a win. Some added profit is by far better than none no matter how small. It all adds up in the end.
Thinking of my portfolio in these terms this year and the months ahead I am putting a more solid plan into motion going forward that I believe sees a better profit potential than last year. It roughly looks like this in its current state; 5% in KCS for dividends, 15% to trade with, and 80% staked. To be clear this does not include holdings still at Coinbase or Nexo.
I do apologize this post got a whole lot long than originally intended, but that couldn't be helped. From here on they should be shorter. If you've read to the end thank you.
