Creating a Crypto portfolio is something we all have to do, it doesn't matter if you have a small amount, it's just a matter of thinking in the future, and planning what strategy you will follow to be able to increase your capital.
The goal is always adding more by making buying and selling movements at the right time, and so we can turn $10 into $100 or more, it is not a matter of being fast, it is a matter of being smart, and here I will show you the progress I have had in these first months of the year 2024.
Image created with Bing AI - Edited in Canva
Table of contents for this article:
♦️ The cryptocurrencies that make up my portfolio.
♦️ Most recent buying/selling movements.
♦️ When I will sell my cryptocurrencies.
The cryptocurrencies that make up my portfolio.
This is one of those ideas that I had in mind since the beginning of the year 2024, although I have written about this topic in another of my blogs outside the HIVE network, now more than ever I want to share my experience with you, because with this I want to encourage everyone to make a decision and thus be able to think about the future, in the end every small amount of money is cumulative and when you least expect it you will have some extra funds that will serve you a lot in your life.
In the world of cryptocurrencies we have many ways to generate income, it is only a matter of thinking everything in a very good way and make a route that you will be fulfilling step by step, and create your crypto portfolio is something that is essential, here I leave one of my articles where I recommend a very good service where you can create your portfolio at no cost and without risking any of your capital (A great way to diversify your digital assets for this 2024 - Crypto portfolio building tool).
About 2 months ago I talked about the importance of creating a portfolio and how to diversify, you can also read it by clicking here.
In that post I explained a bit about which cryptos were making up my portfolio and the value they had at that time.
But with the recent increase in value of BTC all, or the vast majority of digital assets, have had a huge increase in value, so all my cryptos are generating profits for me.
The cryptocurrencies that make up my portfolio are as follows:
BITCOIN
BNB
HBAR
HBD
CARDANO
XRP
Here is a picture of what my portfolio looked like two months ago.
The image you are seeing above is a general image of my portfolio, that is the value it had about 2 months ago, you can see that its value was about 37$.
But now everything has changed, because the value of this same portfolio has increased, and all thanks to the increase in value of BTC as well as the other cryptos I have in it, and that is why I mentioned in my previous article on Diversification, that it is important that you do a proper analysis on which cryptos to add to your portfolio, so you can have the possibility of generating profits with all of them.
The current value of my portfolio at the time of writing this is $79, here I show you this new image.
Did you notice any change? When I showed you the first image of my portfolio I had a total of 8 cryptocurrencies, now I have only 7, but here I will explain why.
And if you are a detailed person, surely you already realized which cryptocurrency is missing in my portfolio.
Most recent buying/selling movements.
In these last 7 days the crypto market has been making a lot of movements, and many currencies increased their value as I already indicated.
And it was time to take some profits, so I decided to sell the HIVE I had in my possession to change them to a more stable currency such as the HBD, and thus secure a little more of the profits I had obtained.
At the beginning of this year I managed to acquire a small amount of HIVE, for a value that was hovering between 0.28$-0.30$, so it was time to sell them, because I already had a profit of a little more than 0.10$ for each HIVE, it may not be a very striking profit for many, but every little amount counts.
I know that with the arrival of the Bitcoin Halving the value of HIVE will increase a lot more, but I wanted to take a little profit, and I managed to sell my HIVE at 0.43$, although it is far from the historical value of 3.41$ for the year 2021, but it is still a profit.
My goal is to accumulate some more HIVE during this last month to sell it later, but for the moment all my HIVE are now in HBD in order to maintain its value in case BTC has a sudden setback in these last weeks.
And in case that happens, I will open some buy orders again to get more HIVE.
In my case I use a lot the Hivehub page, because it has an advanced option where you can open both buy and sell hive orders without having to leave the hive Blockchain network, that's where I have my orders created waiting for the market to make some strong correction and the HIVE goes down in value, that's where I will buy.
When I will sell my cryptocurrencies.
There are only a few days left, the moment everyone is waiting to take profit of their investments, some have cryptos for a long time doing Holding and this will be the moment to sell, or maybe not, everything is a question of the strategy of each one.
But my strategy is to wait for the arrival of the Bitcoin Halving, because there are only 43 days left for this, at that time I will consider new options and that is where I will see which cryptos I will sell and which I will not, because some projects may take value after this event, but it is a matter of analyzing very well.
And as I am not an expert, I am taking small steps to see how all this is handled, but at the moment I am happy to see the result of my small investment in the different cryptos or projects that interested me for this year 2024.
Also, I have good expectations in the HEDERA network project and its HBAR token, if you have not read anything about it I invite you to go through my previous article (Read here).
This is all for today and I hope you like it, I share this here to motivate many to start with diversification, and you can see that you do not need huge amounts of money, I have only started with about $ 10, that little by little I was scaling it up to $ 30, and today are almost $ 80.
Greetings to all and thanks for reaching the end of my article.
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English is not my native language, so I have used Hive Translator.