Or how to make your portfolio profitable!
I believe in time as a differentiator in profit. The risk associated with the short term is very high and I, personally, do not have money that I can lose.
This is a warning: ⚠️ depending on how you decide to trade, you can lose everything. Never trade with leverage. Do not trade in futures markets, you may have problems with the income. I only trade in the spot market.
But let's get to it. You've already read the article on how to start your wallet, right? If not, read it and then come back here How to start a cryptocurrency wallet 👛
In my strategy, every fraction of a cent counts. Some people may think that earning little is hopeless, but I believe in making it little by little. That's why time is so important. Let's say you've already started your portfolio and have a good amount of money accumulated, invested in EARN and earning daily income. It's important to configure EARN to automatically collect all the income that goes to the Spot account.
At EARN we have flexible and locked investments. As I explained before, blocking what can be blocked in the longer term gives us a better rate of return. For those who don't know, APR is the interest rate paid per year on an application. To find the monthly fee, I divided it by 12. Typically APRs are low in the currencies I chose to work with.
How do I proceed with the blocked: all income goes to the flexible until the minimum amount to block is reached.
Practical example: I have 74 cents of BNB blocked. When I got another cent, I blocked it. And so I kept doing, and today I have 80 cents of BNB. Okay, so what? So, the blocked BNB gives us access to LAUNCHPOOL!
What is Binance Launchpool? It is the platform for launching new cryptocurrencies. Because it has BNB locked up, every time Binance launches a new coin in its ecosystem, it distributes part of it to us, BNB holders. That's how in one year, I earned US$172,000 in 40 different coins. I also earned coins by completing some courses at the Binance academy. Nothing too big, but it's nice to receive part of the coins and diversify your portfolio.
You may have noticed that I am a fan of Buy and Hold. Buy, save and make it yield. That is my mantra. An investment portfolio is divided into 4 periods.
• Accumulation - contributions of money from your active income
• Reinvestment - When income is reinvested to generate more income (interest on interest)
• Consolidation - when your assets reach the level where they are self-sustaining, that is, if you cut contributions from active income, they continue to grow.
• Enjoy - Your investment portfolio yields enough to grow and provide passive income to be used in everyday life.
The key component of this plan is time, as I mentioned before.
Once your portfolio has some interesting values, we can move on to the second phase of the profit strategy, which is the Spot trading robots. With them, we will take advantage of market volatility. I will cover this topic in another article.
Remember that you should have a diversified investment portfolio and only invest in cryptocurrencies amounts that would not make a difference if lost. The market is volatile and does not forgive mistakes. We should not mix emotions with money. Winning and losing are part of the game.
Thank you very much!
Ronald
Araxa - 2025_01_09
