It’s been another wild week in cryptocurrency. Bitcoin surpassed $9,000 and alt coins seemed to be going parabolic. As usual we have seen a correction this morning back down to $8,600. Swings in your portfolio can make your rethink things.
“ Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you're gonna be up again. But life goes on. Remember that. Money isn't real George. It doesn't matter. It only seems like it does." - BLOW (Ray Liotta)
Do you have a plan for 2020? Are you setting goals?
The number one goal for me is to make money… Taking profits has been vital to growing my portfolio. When bitcoin starts to gain steam, fear of missing out can kick in very quickly. FOMO is real. You don’t want to be that guy that sells out only to see bitcoin do the inevitable and reach extreme new highs.
Trading is vicious and, somewhat addicting… But Selling and taking profits is a different thing. Most web wallets offer the option of swapping into stablecoins. Normally charging a % fee for the swap. Some charge an arm and a leg to transition from coin to coin (Coinbase). With the normal rate around 2 or 3 percent. Decentralized finance platforms are another way of profiting. Most platforms are following in the footsteps of MakerDao in offering staking / interest based smart contracts. I’ve been using Crypto.com and, I couldn't be happier….. The offer great incentives and rewards. Check it out and remember to comment and follow.
#link #CRO #MCO #0x #mining #asics #coinbase #eth #portfolio #CRYPTO2020
REMINDER / DISCLAIMER :
This my personal opinion and, I’m not a financial advisor. Do your own research! Thanks.