sdbs
@sdbs
If you're feeling completely lost right now, that's normal. The market conditions are pretty tough right now. Here's a simple 5-step plan to fix your cryptocurrency portfolio.👇🧵
1 reply
0 recast
0 reaction
sdbs
@sdbs
1️⃣Think about moving away from tokens that you don't believe in. It's a turbulent market. In such an environment, it's easy to get staggered by wild fluctuations. Make it easier on yourself by getting rid of tokens that are causing you stress.
1 reply
0 recast
0 reaction
sdbs
@sdbs
Go through your entire portfolio and evaluate each position individually. Ask yourself: 🔸Do I still believe in this token? 🔸Would I be comfortable if it drops another 30-40%? 🔸If I hadn't bought it before, would I buy it now at the current price?
1 reply
0 recast
0 reaction
sdbs
@sdbs
🔸If it drops another 30%, do I have the confidence to buy more? If you answered yes, hold it. If you answered no, it's probably a sign that you should short or reduce your position. 2️⃣Hold only what you believe in.
1 reply
0 recast
0 reaction
sdbs
@sdbs
If there are tokens that you still like, even after a correction, that's a good sign that you should stick with those positions. Your goal is to hold assets that will survive the turbulence and thrive. This is usually only one asset - Bitcoin.
1 reply
0 recast
0 reaction
sdbs
@sdbs
More often than not, $ETH and $SOL are also worth holding. But if there are other tokens you think are promising, but you don't hold them yet, start developing a plan to accumulate them.
1 reply
0 recast
0 reaction