Check out a number of things you can do to mitigate the risks and increase your profits from cryptocurrency investments.

Are you looking to get started in the crypto investment space? Then, you’re at the right place. Investment in cryptocurrencies is generally not recommended for conservative investors because the market is too volatile and risk involved is relatively higher than other markets.

Investment Strategy

Almost every investment professional or trader you would ask will advise you to build an investment strategy with a diversified portfolio. While portfolio diversification works in almost all types of investments, it is particularly profiting in the crypto market because of the high risk involved. This is the secret we are going to talk about today.

How to Diversify Your Crypto Investment Portfolio?

10% to 30% – Top (trending) Coins

Invest a quarter of your funds in the top coins such as Bitcoin, Ethereum, XRP, Litecoin, etc. You can find the complete list here. These are market shifter currencies whose price change very frequently. So, limit your investment in these coins to not more than 30%.

40-50% – Popular Altcoins

Altcoins are the currencies that are created as an alternative to bitcoin. Some of the popular ones include NEO, Titan coin (TTN), etc. Experts strongly believe that altcoins are most likely to outperform bitcoin and other established coins. This is because they have a strong foundation along with great growth potential, profit structure, utility mechanism, etc.

There are many other similar altcoins with great potential. The risk with these coins is minimal while the return potential is high in the long term. So, most of your investment should go here.

ICOs and New Coins

There are roughly 50+ new cryptocurrencies launched every month. You can invest a part of your funds in these new currencies or ICOs. Again, rather than investing all the amount in a single coin or ICO, you should spread it across multiple projects to substantially increase the possibility of high returns.

Day Trading

Day trading is usually recommended for those who are looking for high returns in the short term. The catch is that you invest in a cryptocurrency and then sell it as soon as the price goes high. Cryptocurrencies that are highly volatile are perfect for this kind of trading. If you are going to day trade, make sure not to invest more than 10-15% of your entire portfolio, because the risk is very high in this market.

Other Tips to Maximize Your Crypto Investment Returns

Keep updating your portfolio on a frequent basis, usually in a month or so.

Invest in projects that can produce returns in the short to medium term.

If you trust an altcoin, don’t hesitate to hold your funds for a longer period.

Focus on big winnings.

Take profits wherever you can.

The ultimate strategy for crypto investments is to be wise in the project selection. The crypto market is still very uncertain, and there are far more bad projects than the good ones. Analyze a coin (project) thoroughly before you invest in it.

#tips

I know you'll not read till then end, but for your own aid I'll advise!

1.No one becomes a millionaire or billionaire trading forex/crypto at first sight. But we are literally attracted to the people making this huge amount from trading on a normal. Now look at you😂🏃

2.You don't make money WITH trading, instead you grow money in trading. (you need to deposit a certain amount to a broker to own a live account you can trade with).All I'm saying is you need a trading capital.

3. trading can be self taught(I am a living evidence), yes I said !!!! But if you must need someone to cut short your journey then you must get a mentor or a tutor who can hold you by your hands and most of them don't go free.(but self taught wasn't easy for me, I learnt alot of mistakes on my own, it was such a longggg journey.. pretty not advisable for this generation that likes shortcut😂😂)

4. There are alot of scams built in the name of forex and trading, avoid investing with anyone that promise huge returns.e.g invest $100 to get $1000 in 2days 😂😂 (abi no be that market I de follow trade😂). Don't get me wrong $100 can be grown to $1000+, infact I have literally grown $64 to $1500 in two days but not all days are green!!! Most of them are disguising, if that had such energy and money they'll chanel it to grow money for themselves!!

5. Forex is not a ponzi scheme or pyramid even networking, No it's not and has nothing to do with that. So if by any means anybody comes to you to bring money to join their teams or stuffs like that. Just get to understand the system of whatever that is because Forex is in no way a networking stuff instead people comes up with systems like that to enable people bring traffic and get promoted to certain level with monetary prizes to their Built-in system.

6. There is mad money in trading!!!! Learn those ways (strategy) you can make money too. Noted, there are losses too so you need to learn how to minimize looses.

7. Stay connected to people in that space.This is very important. You can't grow alone.

8. Avoid borrowing money to start trading forex/ crypto, infact,Don't borrow money to start trading any market at all (forex, crypto, commodities, stocks, bonds and indices) I wish I can emphasize on that so much because I've seen thingggggggs!

I always and will always advice you have an inflow of money or source of money.

Depression is so real when it comes to trading too!!! This market can finish you! Trading is emotional like every other financial markets!!!

9.After making money come and dash me so I'll tell you more!😌😌😌😌

feel free to connect and follow me for more alpha web3 and trading tips 😉

#cryptocurrency #trading #tips

This post will be moderately specialized, yet it will show you a ton and enormously assist you with figuring out the market. Peruse it cautiously and rehash it in the event that everything isn't clear to you.
A considerable lot of you most likely use "Limit" requests to trade your cryptos. For the people who don't have the foggiest idea, "Cutoff" orders will be orders that permit you to trade consequently at a specific cost. For instance, if you need to sell 1 BTC at $68,500, you put in a Cutoff sell request at $68,500, and it will naturally sell your BTC when it arrives at that cost.
Yet, what you really want to comprehend is that you ought to never put in Breaking point requests at round numbers like $70,000, $75,000, or even $75,500. At the point when you do this, you are doing what a many individuals do, which is submitting your requests at key mental levels, and thusly at these levels there are a many individuals selling. This implies that your request is suffocated among huge number of different orders, and consequently it takes significantly more cash to take care of your request.
For instance: envision there are 1,000 BTC available to be purchased at $70,000. This implies that 1,000 BTC should be purchased from these individuals to take care of the multitude of requests. Nonetheless, 1,000 BTC for some individuals: there is next to no opportunity that there will be 1,000 BTC accessible for buy at this level. Presently envision that you submit your request at $69,999: this changes nothing for you, in any case, you won't be suffocated among the wide range of various orders, and thusly you have a greatly improved possibility of your request being filled.
Clearly, this works for all cryptos and any round number.
Go ahead and pose your inquiries in the remarks on the off chance that it's not sufficiently satisfactory. This post addresses my own perspectives.
Much thanks to you for perusing. On the off chance that you loved it, make it a point to, remark, share this post, and particularly buy in, it helps me a ton. You can likewise tip me to help me monetarily, it's my main approach to being compensated for showing you however much as could reasonably be expected the crypto market. Much thanks to the people who do.

#write2earn #cryptomentor369 #tips #TradeNTell"