The importance of building and maintaining your Portfolio for the Bull run

in Project HOPE9 months ago

Bull run is around the corner and it is so close that we are left with few days of time before we will start seeing coins leaving there low for this bear market. Some have already left their lows, many are starting to leave their lows. I think hive as well has seen the lowest price for itself for this bear market already and we might not see the 25 cent mark again.

Start building your portfolio because that is really important at this point of time. You must monitor your portfolio as well once you start building it. Make sure to use of the portfolio maintaining services available in the market so that you can see your profit and loss just by visiting your portfolio.

I have some coins that i have started buying recently, few are those that i bought last year and so i am facing a little difficulty in finding the transactions for them but i will soon find them and input them in my portfolio as well. For now i have input those tokens that i have bought recently.

Above portfolio is a dummy portfolio created to share how you can see all your investment at one place. I use coingecko as that is what i am used to but for sure there are more good options available in the market and you can use anyone of them as most of them are free to use.

For me i am comfortable with Coingecko as i have used this since the beginning. You can also monitor the 7 days and different time frames portfolio change in coingecko from a graph available at the side of your portfolio.

So start maintaining your portfolio if you have not yet started doing it. Create it if you have not yet started with that as well. All these will be helpful at the time when bull run arrives and you will have less time to go and check out how much profit you have made and how much should you wait before you want to sell.

Thank You

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Most buys during the bear are recommended to be done using an effective DCA model that suits your budget but remember the most important thing one needs to consider is choice of exchange and wallet.
You need to use exchanges that has high liquidity like Binance and Bitget. For a good choice of wallet, one need to go for an ethereum-based wallet with multichain accessibility like Metamask, bitkeep or a cold wallet like trezor.

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