Crypto Finance : The Beginning Of Something Great
Well, sitting at the corner holding on to select number of cryptocurrencies can be boring for the most of it, and for a fact that I've recently reached my not so spoken of "target" which was to make sure that "BTC" Dominates at least 30% of my portfolio, the goal was reached today as it currently is 33.99% of the entire asset allocation. I may have dropped off a few tokens including "Uniswap" "Litecoin" "Solana" and "OKB" but such a bummer that LTC has to be playing with me each time I dumb it. However, If it all falls through, Solana and Litecoin may be re-included in the portfolio in due time.
The reason for having more of my cash poured on BTC isn't something I'd have to explain anyway, but here goes;
For some days now, if I wasn't the only one watching the markets closely, you'd realize that more money has been moving into BTC and its market dominance has been steadily walking up the charts. As a result, alts have seen great bloodbath as though people have been closing down positions and moving in on bitcoin. That said, long term on bitcoin is definitely not something to think twice about now, though this doesn't mean alts are dead, Ethereum has been doing well during the period of alts bear, which we should expect alts to follow suit in due time. However, BTC is liable to continue the uptrend regardless of Alt bulls, it's gonna be more of an entire market run up, but solid projects stand to outperform shitty ones obviously.
-48$ not so much for alts depreciating tho, but it however beats the profit range even in their weekly bulls, so BTC has been the best performing coin for some days now ( in my portfolio at least :) .
Crypto Finance - A Beginning Of Something Great
Each time I turn to my portfolio I think of the innovative solutions cryptocurrency has really brought to the financial sector. Crypto is cutting edge technology that's only at its initial stages compared to the impact it will exact in coming years. I never actually thought of diving into investments or even playing around numbers, but when I watch over my activities and how I've become more and more interested in building my wealth with this technology, I tend to understand what it meant by "true ownership"
I get to bear my losses, I get to also enjoy my profits. Look at the stock market for example, it is some really complicated shit, but with crypto, jumping on investment opportunities has been much easier. The world is looking at an industry that will exceed the dollar's valuation ability, we're talking money that will cause wealth flippening, this will make identifying "true" wealth with blockchain technology.
It's the beginning of something great!
As a result, I'm finally moving outta the shell of just holding into allocating some amount of money for day/night trading, wish me luck :)
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