I have been building my crypto business portfolio investing in Bitcoin, Ethereum and Bitcoin cash, which I discovered that is more beneficial to my portfolio increase. In the past months I was wrongly mistaken that building my crypto portfolio business was necessary needed more than one asset, but when I studied my spreadsheet I saw that having altcoins on my cast of cryptocurrency was only making me more money to purchase Bitcoin, Ethereum and Bitcoin cash, the main assets on my portfolio.
If we can repair back to see the evolution on the market of the main assets in cryptocurrency field clearly can see that Bitcoin, Ethereum and Bitcoin Cash volatile isn't big compared with altcoins that somehow managed to drop even to 60% (specially the hype on DeFi assets) on their initial value. Using this kind of assets to put strong and steady my main assets also helped to manage my portfolio and use them to buy more and increase more my portfolio is what putted it making some gains.
In the last three months I have been using my gains on altcoins to get more from Bitcoin, Ethereum and Bitcoin cash, with this in mind I keep some stablecoins and assets such BAT tokens, Loopring (LRC) to Hodl during some time and use the gains in profits to purchase more Bitcoin, Ethereum and Bitcoin Cash.
Having that mindset to diversify assets in portfolio is actual good but won't make considerable gains in profits from that, the assets that can make anyone making money in crypto are the ones who have strong valorization on market and have daily trading volumes of millions and with a stable market cap, the ones people worldwide are investing on, such as Bitcoin, Ethereum and Bitcoin Cash.
This isn't a financial advice but a practical view of a man who are controlling self investments and analyzed that the gains coming from altcoins only can be used to buy more BTC, ETH and BCH, this are more stable and less volatile than the rest of coins.
It's important to always make or have a bigger portfolio with different kind of assets:
Mine are separated by cryptocurrency and some stocks bought from Uphold (Apple and Tesla).
Why having this two kind of assets?!
One thing that an investor need to ask themselves are the following questions before anything "what am doing and why am doing?!"
This questions are important to investment field as many investors just put money into assets just with the desire to retire early, thinking that the more they accumulate the more they will earn. But in practice that doesn't work like that, go to put money working to anyone's necessary to make a lot of research in what you want to invest, don't make investments just to "run for poverty or early retirement", take steps to ensure that all you do is controlled and managed properly in a spreadsheet or any other way that facilitate to manage those assets.
There's is a sentence from the well known investor Warren Buffett which says:
Investors who put money into diversified business still don't know what they do... and now I really understand that sentence.
Bear in mind that anything needs research to find the best investments to help increase the portfolio always DYOR (do your own research) and remember nothing said here is a financial advice just my own experience.
Take care.
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