dgquest
Open Trade
BTC Holder
Occasional Trader
1.3 Years
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Is there any classification of Cryptocurrencies?
To build my portfolio I have created a classification of Cryptocurrencies to recognize the different types of Crypto available.
🅱️Limited supply Cryptocurrencies: They are programmed to a maximum number of tokens (units of the cryptocurrency). Example: Bitcoin will only have 21 million BTC (That's why it is so valuable).
🏷️Unlimited supply Cryptocurrencies: In this case, there is no limit on Cryptocurrencies, although they use deflationary mechanisms to increase their value. Example: Ether ETH.
💲Stablecoins: These are Cryptocurrencies that have a 1:1 relationship with centralized currencies. Example: Tether USDT or USDC which maintain the same exchange rate as the dollar.
🐶Memecoins: These are low-value Cryptocurrencies based on elements of popular culture and the Internet, aimed at creating a community based on a well-known image. Example: Dogecoin DOGE which is based on Shiba Inu (which has also inspired another memecoin SHIB), the famous meme dog 🐶.
📱Native: These are Cryptocurrencies developed by the platforms, which facilitate internal transactions. Example: BNB the native cryptocurrency of Binance.
To build my portfolio I have created a classification of Cryptocurrencies to recognize the different types of Crypto available.
🅱️Limited supply Cryptocurrencies: They are programmed to a maximum number of tokens (units of the cryptocurrency). Example: Bitcoin will only have 21 million BTC (That's why it is so valuable).
🏷️Unlimited supply Cryptocurrencies: In this case, there is no limit on Cryptocurrencies, although they use deflationary mechanisms to increase their value. Example: Ether ETH.
💲Stablecoins: These are Cryptocurrencies that have a 1:1 relationship with centralized currencies. Example: Tether USDT or USDC which maintain the same exchange rate as the dollar.
🐶Memecoins: These are low-value Cryptocurrencies based on elements of popular culture and the Internet, aimed at creating a community based on a well-known image. Example: Dogecoin DOGE which is based on Shiba Inu (which has also inspired another memecoin SHIB), the famous meme dog 🐶.
📱Native: These are Cryptocurrencies developed by the platforms, which facilitate internal transactions. Example: BNB the native cryptocurrency of Binance.
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👷 Building a store of value👷
🏃💨 Parallel to the dizzying world of trading... Where the goal is wealth ("immediate") 🤑
🧘 There is a second, more relaxed, different option that, to be honest, the pioneers who are now millionaires for having bought (and forgotten they bought) 10 BTC at $13 12 years ago followed... Holding... where the goal is to create a store of value...
🤷 Of course, 12 years ago the pioneers had it easy; there were not 6981 (and counting) cryptocurrencies in the market... Well, easy if you were able to access Bitcoin mining at that time.
💼 Today you have the opportunity to build a cryptocurrency portfolio, and the big "challenge" is to build this portfolio to ensure a long-term store of value.
🎁 So what are the recommended cryptocurrencies to build this store of value??
The answer is in the crypto ranking, base your portfolio on the top 10...
1️⃣ Rely on THE cryptocurrency par excellence: BTC...
2️⃣ Altcoins with platforms, ecosystems, and complex blockchains: ETH, XRP, SOL, ADA, and TRX...
3️⃣ The stablecoins that have revolutionized the financial market: USDT and USDC.
🐶 And the crypto that created the memecoin concept: DOGE.
💼 But... can 0.0001 BTC be considered a store of value? 💼
🤐 If you read it as 10000 SAT... the picture changes, today the SAT has a value of 0.001 USD, a value equal to or greater than more than 50% of the cryptocurrencies in the market...
#ReservaCripto #Reservoir $BTC
🏃💨 Parallel to the dizzying world of trading... Where the goal is wealth ("immediate") 🤑
🧘 There is a second, more relaxed, different option that, to be honest, the pioneers who are now millionaires for having bought (and forgotten they bought) 10 BTC at $13 12 years ago followed... Holding... where the goal is to create a store of value...
🤷 Of course, 12 years ago the pioneers had it easy; there were not 6981 (and counting) cryptocurrencies in the market... Well, easy if you were able to access Bitcoin mining at that time.
💼 Today you have the opportunity to build a cryptocurrency portfolio, and the big "challenge" is to build this portfolio to ensure a long-term store of value.
🎁 So what are the recommended cryptocurrencies to build this store of value??
The answer is in the crypto ranking, base your portfolio on the top 10...
1️⃣ Rely on THE cryptocurrency par excellence: BTC...
2️⃣ Altcoins with platforms, ecosystems, and complex blockchains: ETH, XRP, SOL, ADA, and TRX...
3️⃣ The stablecoins that have revolutionized the financial market: USDT and USDC.
🐶 And the crypto that created the memecoin concept: DOGE.
💼 But... can 0.0001 BTC be considered a store of value? 💼
🤐 If you read it as 10000 SAT... the picture changes, today the SAT has a value of 0.001 USD, a value equal to or greater than more than 50% of the cryptocurrencies in the market...
#ReservaCripto #Reservoir $BTC
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👷Building a store of value
🤫The other option that is not talked about...
🏃💨If your goal is quick wealth, don't keep reading...
🧘Now if you want to think of cryptocurrencies as a store of value for the future... I share my experience...
➡️My 💼 portfolio is based on holding the main cryptocurrencies, currently composed of the top 7.
BTC - ETH - USDT - XRP - BNB - SOL and USDT
Why?
Diversification + Stability + Projection + Peace of mind
➡️The automatic subscription option of the SPOT wallet has allowed me to create Earn holdings for all cryptocurrencies (even those that do not have the required minimum)
➡️Everything adds up... I am constantly looking for mining apps, plus it took me about 6 months to earn my first cent... Now every day, my portfolio generates 0.0015, a cent per week... Is it little? maybe, but it is much more than the 0.0000334 I generated a year ago... 🚶
🐸And the other cryptocurrencies??? It depends on their ranking, I usually use the option "convert low-value assets", this way I consolidate my holding of BNB.
to be continued...
🤫The other option that is not talked about...
🏃💨If your goal is quick wealth, don't keep reading...
🧘Now if you want to think of cryptocurrencies as a store of value for the future... I share my experience...
➡️My 💼 portfolio is based on holding the main cryptocurrencies, currently composed of the top 7.
BTC - ETH - USDT - XRP - BNB - SOL and USDT
Why?
Diversification + Stability + Projection + Peace of mind
➡️The automatic subscription option of the SPOT wallet has allowed me to create Earn holdings for all cryptocurrencies (even those that do not have the required minimum)
➡️Everything adds up... I am constantly looking for mining apps, plus it took me about 6 months to earn my first cent... Now every day, my portfolio generates 0.0015, a cent per week... Is it little? maybe, but it is much more than the 0.0000334 I generated a year ago... 🚶
🐸And the other cryptocurrencies??? It depends on their ranking, I usually use the option "convert low-value assets", this way I consolidate my holding of BNB.
to be continued...
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