How to manage a currency portfolio | Save it, don't miss it ✌️
The first: passive management – known as buy and hold
- You buy the most reliable currencies (Bitcoin and Ethereum, for example) and then wait for new peaks, ignoring small ups and downs or fluctuations.
➕ Pros: Comfortable - Low risks
➖ Cons: Low income compared to other strategies
Second: Active strategy – trading for long and short periods depending on the market trend, focusing on alternative currencies that give maximum profit.
➕Pros: It is possible to beat the market with high profit
➖ Disadvantages: It takes a lot of time, requires special skills, and is high risk
Third: Hybrid strategy - you divide the portfolio into two parts: Ethereum and Bitcoin for the long term “major currencies” and a section for alternative currencies, which you try to actively trade “Strategy 2”.
➕ Pros: Diversification - Medium risk - Profit covers loss
➖Cons: Big time - requires strong skill and commitment
