I chose cryptocurrencies as my second investment source. I started with the hype around $TRUMP with around $100, attempting to make extra profit from memecoins, and then diversifying my portfolio. I was initially in the green but greed led me to lose $22.
After starting to study more deeply, I decided to focus on cryptos in the financial sector (Layer 1/2, DeFi, Infrastructure), as I believe this sector will greatly benefit from blockchain technology. I'm optimistic about the legislative and regulatory advancements in the crypto space.
I believe $XRP and $XLM have strong potential, and Iāve been holding them along with $BTC and $ETH.
I purchased most of my holdings during the correction, with XRP at $3.11. At one point, I was down $600 when the market started to drop. Instead of panic selling, I began making weekly contributions to buy during the dip and reduce my average cost (I brought my XRP price down from $3.11 to $2.82), alongside other tokens like Raydium, JUP, and XLM. Currently, Iām down by $150.
Iāve been following this strategy, and my next plan is to use DeFi protocols to leverage my investments, sell during bullish moments, and reinvest the profitsāpart into the coins Iām holding, and part into the same sector when itās at a low.
What do you think? Any suggestions? I've been in the market for about 2 months now, studying chart patterns and market trends, and staying updated on news via X (Twitter). Any tips or advice would be greatly appreciated!
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