This week @ladiesofhive Contest I would like to answer this question
1️⃣ Whether a newbie or veteran blogger, it would be good to have financial goals and a plan. Have you considered diversifying into other cryptocurrencies or tokens in your plans? If so, which ones would/did you choose and why.
Investing in Crypto tokens is like a gamble. Sometimes they can take you to the moon and sometimes they can doom you. I will not say I am a pro in this field but I have gained some knowledge over a period of last 5 years. The thing is that my hubby is taking care of my portfolio so I am not deeply into it. He studies the coin and shares advises me to buy and sell.
In the last 5 years, I have made some good profits and some heavy losses as well, but the thing is that the profits have all been on the screen only and the losses in real :-(
I have a target in mind and I do not wish to keep playing around with my investments. Neither am I too much diversified. A year ago I had bought some multiple tokens but gradually I converted them all as I had some profits from those.
My jackpot in terms of my personal investment has been on Cardano- ADA, where I had purchased at a value of 0.008 and then the price went up till 1.85. As of today it is at 0.45 and I find this coin has very good potential in future, it has used cases so one can rely on it. I did not sell anything at 1.85, I wish I would have done that and then bought it back again.
The other coin that I have in my portfolio is Ethereum- I am sure maximum people will have this coin for sure in their portfolio. It is 2nd in line to BTC and one can still think of buying it as the value of the coin is much lesser than BTC. I bought it at 700$. This was actually my greed, when the price was at 300$, my hubby kept advising me to buy and I was foolishly waiting for the price to come down further. It never did and finally waiting for it I bought it at 700$
Then I have loads of Shibu in my portfolio. This one is purely a gamble. The price that I bought was 0.000006. I really do not know what the future of this coin is going to be, but what I have invested even if I lose it then no regrets, it's a negligible amount. I am going to be patient with it and hoard it for a long time. Even if the price touches 0.0001 then it is one of the best deals from my overall portfolio.
Then I have bought some very few FTT, ATOM, MATIC and SAND. Again here too I honestly do not know the future of the coins. FTT I still have some knowledge as FTT is a token of FTX exchange. The others are just based on my hubby's advise. I do not have big amounts here. I had some cash in my account and I wanted to park it for some time in some coins so at that point of time, the prices of these tokens were low and hence I bought into them.
As such I am not much diversified in this moment. My major is Hive, ETH, ADA and Steem. I am waiting for a one big run and gain some profits, after that I may think of diversifying more. There are so many tokens in the market and there are temporary surges in some which makes people believe that this coin can be good but they fade out soon. One of such coin is SPI in my portfolio. It went upto 200$ making it look very promising and now it is at 4$ which is a big time loss. Thankfully I hold very few of them so I am not regretting it too much also. Other I had Binance coin which I removed at 100% profit, I am happy with that. It was a short term investment.
Crypto investments need lot of patience, that is one thing for sure. You cannot expect quick gains. Unless you are very very lucky that you invest and the price shoots up exponentially. Those kind of things happen to one of a coin and not all coins. One has to keep buying on dips and not panic and sell. I am going to keep my holdings till my target is reached, as I said I am not the rolling type person who wants to keep selling at every little pump.
The market as of now looks very gleam but hopefully in a year's time there will be some good moves and the patience of millions of people will pay off.
I will like to invite @trucklife-family to participate in this contest
Thank you for visiting my blog. 👼🏻👼🏻💖💖🌹🌺🌸
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LOHtokens.@nainaztengra, You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.
Thank you for the Token
Wow, you have been into this for a while(5yrs). I learnt about it a year ago but I was sceptical about it and didn't pay much attention until I started seeing the drastic pumps. I took my time to learn more but I got in when things were bullish and now I'm at a loss but I never give up on what I start myself. It's such a good investment you have done but one thing I do say to people is to know when to pull out in any investment. Thanks for sharing with us.
You need patience. Even if you have got in at a high then too in a span of few years you will gain on what you have invested, unless you become impatient and want to sell off at whatever price you are getting.
That's true, it's a game of patience
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Sometimes in our doubts and waiting, we loss so.e opportunities. At least you invested in the coins which you believe in. All the best to you in your crypto journey :)
Thank you @ifarmgirl, yes doubts and waiting keeps us wavering. Somewhere we gain somewhere we lose.
That's true. The good thing is we can cultivate patience and decisiveness to win more :)
Wow from 0.008 to 1.85 dollars? That's a huge rise and it's sad that you didn't sell and buy again... That is the uncertainty that comes with crypto investments anyways.
A lot of people invested in Ethereum, it's painful to me that I didn't learn about it early enough, now the price is a bit too high to get in my portfolio.
You have a good list of coins and it's cute that your hubby helps you run them 😊
Now also is a good time to buy Etheruem @merit.ahama else one year down the line you will again be making the same statement. The price has come down a lot right now. It had touched 3K+ so it's not a bad deal to get in right now also
Oh really! Thanks for the tip 😊
I enjoyed reading you. I see that you have made several investments and the truth is that I think it is a good path, which I have not yet begun to travel. I have timidly made some moves, not so important and much less risky.
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It's fine @tibaire, you can go at your own pace. You will keep getting a lot of advice but you should not take all tips that you get. Do your own study and go with a few reputed ones to play on the safer side.
Thank you very much for your advice.
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LOHtokens.@tibaire, you successfully shared 0.1000 LOH with @nainaztengra and you earned 0.1000 LOH as tips. (1/10 calls)
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Wow alot of them you are investing in.its also so sweet how your hubby supports you .
Tho I'm yet to understand this crypto investing
But until then I appreciate your investments 🤗
After 5 years also I do not understand much of it so it's best to take some expert advice, for me hubby helps so I am relieved in that manner. I am sure with time you will soon start getting understanding of this space @redna
Sure thank you 🤗
Realmente yo al igual que tú conozco de otras criptomonedas gracias a mi pareja, que es quien investiga de cada una, nosotros hicimos juntos una inversión cuando daba muy bueno ingresos y bajo de tal manera, que aunque perdimos como tu lo dices, nos dio en su momento, se que debo aprender cada día más, ya que esto es lo que apunta al futuro y hay que empaparse en este tema. Fue grato leerte. Bendiciones 🙏🏽🙌🏽🤗🙏🏽🤲🏽🌴🌈🪁🌹🌺💐💠⚜💮🏵🌿🌱🌻☘🎴🌈☀😎🌝🚦🍀🤭🤞🏽🕺🏽💃🏽👯♂️👯♀️🎁🎌🛐❤💚💙💛😍💘💞♥💜🤍💔💗💓💖👊🏽🎑🥳🎖🎊🎈🎉🎀🎇🎆❣🤎💕😘😃💑💝
Thank you @cochanet, yes some expert advice is needed. We get so many tips and half of them go to the drain over a period of time. With time we also learn the market. Good luck with your investments
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STOPTo support your work, I also upvoted your post!
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It has also happened to me that I hope that a currency will go down more to buy but then I get discouraged when it does not go down what I expect, because each experience is a learning experience, hopefully one day I will diversify like you do 🥰
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Whenever I buy after that it goes down...hahaha....and then I just repent that why I could not have a little more patience to wait. But then you never know if it will go up or down, so you cannot take much chances also.
Happy and safe investing in Crypto for you @irenenavarroart
Good luck with the Shibu. Getting in real early would help and price leverage can be extraordinary profit with just a small amount of capital, it indeed is a long shot. Otherwise, we have your favorites, preferences, and coins most familiar to us that can be challenging enough.
Thanks for posting @nainaztengra 📈
Ohh ya that's what I am also hoping for @kerrislravenhill. It's one with a very negligible value and hope that some day it will give 40x to50x returns, it would be a lottery then :-)