What’s The Deal?
Recently, I published several articles addressing how I have chosen to begin shrinking the aspect of diversification within my portfolio. The article entitled, “Altcoin Accumulation – Time To Zone In” is a key example of where I discuss utilizing micro-caps and memecoins as a way to build primary and long-term holdings. Numerous articles have addressed this shift and why I have chosen to begin honing in on a single asset.
Firstly, I want to be clear, diversification and risk management are imperative, in my opinion. However, every portfolio needs a few heavy hitters, and at some point in the journey, you will have to identify exactly where you are wanting to place your bets. As I have mentioned before, in the previous cycle, I eventually ended up with an ETH-heavy portfolio. In the final months of 2021, Ethereum made up approximately 40% of my portfolio.
When you consider that I shifted approximately 45% of my portfolio into stablecoins during the first half of the year, you begin to understand just how heavily I was exposed to ETH. In this cycle, I am still diversified. However, I am slowly beginning to shift into a single altcoin. It’s a long-term play, and I expect it to only truly blossom in 2030. That being said, I expect enormous returns during the current cycle.
To encourage my motivation and commitment to this goal, I have chosen to raise the bar! My goal is to eventually become a whale, owning 0.005% of the total supply. When it comes to Bitcoin whales, whale status is achieved at a minimum of 1000 BTC, which is approximately 0.005% of the total supply. I have been focusing on this idea for several weeks. However, it is only of late that I have become somewhat aggressive in reaching my goal.
At the time of writing, I am approximately 4% of the way there and have chosen to shift much of my attention to achieving this goal. Passive income models are now heavily geared towards ongoing accumulation. The trading of micro-caps and memecoins is also another avenue of accumulation. At the end of the day, my primary focus is capital rotation. When you strip the concept of profit down to its core it comes down to one thing!
Capital Rotation
Essentially, effective trading and securing profitable margins come down to effective capital rotation… nothing more. Get this right and the gains take care of themself. It’s also a great way to remove greed, as well as the emotional aspect of trading. I am also actively trading with approximately 20% of my current holdings. This particular strategy focuses on the increase of tokens, rather than dollar valuations.
With a multitude of strategies for rotating capital in such a way as to consistently allocate a percentage to my long-term HODL, I am hopeful that I will eventually reach my goal. The trading of memecoins can have an enormous effect. The recent launch of Polkadot’s PINK has already positively affected my accumulation, up hundreds of percent in less than 24 hours.
My exposure to Fantom memecoins has also produced remarkable results. As I mentioned earlier this year, this was a calculated move and has already begun paying dividends. I was able to sell a large chunk of Andre at over 2000% profit. It spiked at 4000% minutes before I was able to sell. This occurred at approximately 2 am. This particular night was only able to grant me an hour or two of sleep.
This is what noobs are unable to understand. Outside of extreme dedication, you are not going to get very far. Knowledge, appropriation, and strict discipline are at the heart of efficiency, especially within this market. Memecoins can go from being thousands of percent in profit to negative territory within hours, even minutes.
Final Thoughts
So, yes I am still trading multiple coins and tokens. However, profits are reserved for my long-term hodl. If I can manage to grow by a couple of percent per week, I should be able to reach my goal within the parameters of this current bull market. Even if I am unable to hit the mark, I will still be in a healthy position. However, I am optimistic that current and future trades produce some stellar returns.
It’s always important to have focus… vision. Without vision, a man slowly dies inside. It’s the vitality and motivation of his ongoing perseverance in life. We all have different goals and desires. However, we are unified in determination, provided you take action and keep working towards the finish line. All the best, see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
Posted Using InLeo Alpha