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

hello it gives me a great pleasure to be with you again in this lecture number 7 we are going to talk about cryptocurrency management how we invest and what platforms to use thank you professor @stream4u for the past lectures continue reading this lecture to learn about money management and wallet.

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Discussed Money Management.

Money management is something very complex, we all have a different point of view on how to manage our assets, and each one of us believe we have the best solution, to analyze well look at the techniques to generate more benefits it is advisable to have a portfolio of 2 to 6 different currencies to have a balance in the capital.

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Future plan on how to manage your money.

When we are tired of centralized media such as banks in each country where the money is at their mercy they use it to lend it and earn interest while we are devalued to us that asset, we will resort to investment with digital currencies there are several types of them depending on their range and our capital can determine which to invest.

When we invest we have to keep in mind that we can lose the currency can fall sharply and leave us with pennies of dollars which is not favorable therefore we will invest in a group of currencies selected by us we will choose 3 of them to start and we will add about 3 more in the course of our investment.

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Analyzed portfolio management, if you have an investment and it agrees with you, show the portfolio and briefly explain it.

Now if we are going to manage our portfolio and see the amount of money that has been distributed in how many coins and what benefits we are going to get with them, the btc is very slow to generate profits can spend several months to win in consequence we will see coins of medium and low range of cents that although they are very volatile if any comes to pump you can earn a lot of money, in this graph we will buy at a low price currently the market is low so it is recommended to buy now to wait again to stabilize the coins .

In the Binance chart we see point A as the initial investment and point B as the exit waiting for another point A to start again.

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Plan for the future in the management of your portfolio.

I am planning to invest in each of these currencies that we will see in my white list would be very good at this time all the currencies are down but this always happens for a few days, I am analyzing and studying their movements and their reaction time also the information that developers give is very important for the safety of my investment, the most profitable currencies that I see and a lot of potential is the BTT for its solid project and a good acceptable capital.

Source

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When did the last investment fail and why? (those who have experienced this can provide insights).

The truth is that I have not failed because I have not invested and I do not plan to fail because I already have knowledge of what may or may not happen with the coins I have in mind, there are many coins more than all the dollar cent coins that start as icos and turn out to be a scam or go to market and its price goes to nothing and never recover much care. but I was very afraid to invest with large sums and see my capital fall by 5 to 10 even more % so I had not invested but in the future if I am going to do it.

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CONCLUSION

We learned in this conference to manage our finances very well and not make mistakes that through ignorance could have ended badly, the risks are very common in the investments of volatile cryptocurrencies we learned to create a portfolio of coins to ensure our capital in a balanced way thanks to our dear professor and those who made this conference possible.

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CC:

@stream4u
@steemitblog
@steemcurator01
@steemcurator02

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