Diversify
A week ago. I was thinking about diversifying my portfolio.
So, I sold some BCH and bought some XRP.
Two days ago, I thought I have made a wrong decision.
Now I am glad I have made the right choice.
At the time of this writing, BCH down 13% and XRP up 50%.
Of course, I believed BCH will go back up. But I also believed XRP will go up much higher.
*Have a happy and safe holiday everyone.
Once you find a portfolio balance make sure to rebalance every week or so.
This way you can sell the highs and buy the lows of other coins and build up your stack :)
I need to take control of my emotions first. Fear and greed. lol
Good move. I am just collecting Ripple for Free.
And how you do that?
Good move! Diversification is not a bad idea ;-)
Let me know what you think about my approach: https://steemit.com/cryptocurrency/@cryptotem/the-70-30-cryptocurrency-investing-portfolio-approach-updated-v1-2