Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management. By @endersontowers

in SteemitCryptoAcademy3 years ago (edited)



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Discussed Money Management.

Money management is something that you need time to learn since many large and small investors when they do not have the level of in-depth studies on where to invest, end up making a bad decision since they invest in a currency that will not generate a profit, it is not It is advisable to invest in a single currency since it can be like a guillotine for many since many times our plans do not go as planned, remember that you are not alone in the cryptocurrency market and you have to think things through before acting, in this There are many other people thinking the same as you, so pay attention to your actions. To generate profits you need to study several currencies separately and when you already know a pattern of how the asset market is managed, you can invest in it, my recommendation is to invest in more than 4 cryptocurrencies since if the market of one is not volatile , the other will be, later through the study carried out, you can make the decision when to buy, when to sell and when to withdraw, since your investment and your profit depend on it.


Future plan on your Money Management.

Personally, I think that each person who wants to lead a stable economic life has to start by investing in various assets, either with risk money or savings that you have generated, since you and your family will depend on it, already when you have planned your assets to Invest, either in more cryptocurrencies, in goods and services, in what you like the most, you need to know that you always have to invest in more than one asset, remember that the market for an asset is not the same for everyone. Be very careful with that.


Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

At this moment I do not have invested any assets, but I have in mind my personal wallet that I want to invest in cryptocurrencies, I am studying in depth everything related to that currency between diagrams and daily movements, while I finish saving a certain amount of money to invest. Let's see how to create our portfolio in CoinMarketCap for the registration and monitoring of our cryptocurrencies to invest.

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In addition to this, we can create a monitoring list to have all the information of our cryptocurrencies that we have invested.


Future plan on your Portfolio Management.

Personally, the plan that I consider in the future is to finish saving a little more to have a little more investment, and while I do that I get very involved in expanding my knowledge every day with respect to all issues related to technical analysis, investment and cryptocurrency trading, besides that I already have a personal monitoring list of cryptocurrencies that I want to invest in the not too distant future, and these topics of the cryptoacademy have helped me a lot to clear up many doubts.


When was the last investment failed and Why? (those who have experienced this can provide views.)

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In the year 2017 to 2018 I had a bad experience, since in that year I did not have much knowledge about cryptocurrencies and there was a lot of news that with cryptocurrencies you became a millionaire. So I started to investigate and came up with the issue of ico currencies, I investigated a little more but without any knowledge, I decided to invest in two, one with the name of Areszcoin and the other Libracoin, both demonstrated through social networks and their social engineering that would contribute a lot in the future, I decided to invest more than a thousand dollars, which was very difficult for me to do so, then when the coin inauguration day almost arrived, their website went down and it was never reborn again. Many people around the world were completely ripped off, including myself. But seeing it on the positive side, that experience helped me a lot, to learn a lot about everything related to cryptocurrency to continue investing. I will never stop dreaming.


Conclusion.

Having good economic stability is essential for a normal life, so we have to take a break and think well about our future investments, since many people around us depend on it, we must carry out a thorough investigation of everything we want to invest In order not to make bad decisions, apart from this we have to know that there are always high-risk investments and others in the long term, you always have to be constant and be patient in the cryptocurrency market.


Thank you very much for being present at my task, excellent contribution.



Thanks in advance
cc.
@stream4u
@steemitblog
@steemcurator01
@steemcurator02



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Hi @endersontowers

Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.

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Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th course.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

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