Bitcoin Crossing $8,300 does not indicate that we will not go back to $5,000 level, I hope not but we can, though most likely not. But what it does indicate that there is a change in trend, it’s a signal to the world that the bulls are back. The current run can be attributed to Halving in one year, Consensus 2019, Bakkt approval and launch timing. We will have dips and fud as well but it’s important. #Bitcoin
Many of you have been through a tough bear market and preparation now will be key to stopping your self from running around like a headless chicken from one buy to another.
“Don’t invest more than you can afford to lose” we all know this one but if you are in the crypto space, and want to know some more tips that can help you manage your portfolio, here are some suggestions that might help you to manage your #crypto #portfolio.
Everyone has a different appetite for investing and risk management and crypto is a new asset class, and still being in its infancy, is extremely volatile, with almost a penny stock nature to many coins. In this video, we cover somethings you can keep in mind before building your portfolio and maybe avoid some mistakes when the mad rush comes in…and the mad rush will come in.
As I covered in yesterday’s video about halving, that happens on 23rd May 2020, which is a key event for Bitcoin and will most likely usher new money and bullishness in the market, I think now is a good time as any to start planning and managing your crypto portfolio and some ways you can possibly categorize your assets.
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