Free advice... for newcomers.
First, question everything; no one is going to tell you how this really works. Everyone prioritizes their portfolio and interests. Do your own research and draw your own conclusions, or you will pay dearly.
If you really want to take this seriously, research what each project is for, create a list of the sectors each one covers, select the best ones, with the highest volume and liquidity. With that information, start building a medium/long-term portfolio of serious projects, not junk. And if you like high-risk assets, invest intelligently. Do it with a strategy like the Nucleus-Satellite, which consists of balancing stability with opportunities for aggressive growth...
But anyway, let’s start with the portfolio and then I will make a post about that particular strategy.
When you are going to buy the asset you chose for your portfolio, please pay close attention and make sure it is in its upward cycle; don’t buy just to buy.
Let me explain, all projects have cycles, and although they move following the behavior of $BTC (bitcoin), the reality is that each project has its own cycle and they last different amounts of time.
If you are going to buy, make sure you are in an upward cycle and inform yourself about how far that cycle can go so you can sell and safeguard yourself in another asset.
Normally, there are people who, when the upward cycle of one of their assets ends, make a correction in their portfolio. This can be selling to trade, or more conservative ones might sell and hold between $USDC and $PAXG (the crypto that seeks to follow the price of gold), just to name one. Or some just reinforce other positions in different assets.
In the investment world, there is everything. What you need to remember forever is: Keep a cool head; patience pays off...
Since I can't share everything in one post, I will be constantly sharing posts about my personal experience investing. I would appreciate your support!
Good luck, everyone💪🏼
