Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management. @anamaria24
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Discussed Money Management.
Managing our money is something that we must pay close attention to today to get the most of the possible benefits, in the investment of cryptocurrencies there is a law which is that you should not invest everything in a single currency, because it can be a Very big drop for your investment, if by bad luck you invest everything in a single currency and it changes its market negatively, you lose a lot of money, so it is advisable to invest in more than 3 different cryptocurrencies that have a very good project and are doing well in your market.
Future plan on your Money Management.
In my approach to my future there are several things that must be kept in mind, one is to separate my money in different investments so that I can generate positively, since when it comes to investing you are practically at zero, since making an investment your money, it is money that you can lose or increase profits. That is why you must have an iron mind to bear everything that comes, have a lot of concentration and a lot of patience.
Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.
I do not have a collection of cryptocurrencies or any investment now, but the idea of making a portfolio that allows you to manage your coins from which you made the investment is excellent, with the portfolio you can have all the data you need to have your currency under your control, you just have to make good decisions to not too hasty to win.
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Future plan on your Portfolio Management.
The future plan of my portfolio will be after I can gather a little more steems and start making my investments in currencies like XRP, Steem, hive. In my opinion, they are the ones that I know the most and are about to grow a lot in the market, they are very volatile today.
When was the last investment failed and Why? (those who have experienced this can provide views.)
I do not have experiences because I have not yet invested in cryptocurrencies, but I have read many blogs about people who have won and lost a lot of money due to bad decisions, they buy tokens at a price of $ 50 and the market for that currency goes down to $ 45 and sell thinking that they are going to lose everything, and when you don't have patience in this area you are not going to achieve anything, patience is everything here.
Conclusion
I really think that to lead an economically stable life, it is necessary to risk a few times more than our investment, there are times when the market numbers do not turn out to be favorable but there is something called "intuition" that often plays a very large role in the cryptocurrency market, if you do a good research and a good follow-up on your investment.
thanks for reading my homework
cc.
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Hi @anamaria24
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.
Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th ourse.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
as I have already passed the time lapse for my publication to be curated, I republished it so that the new one will be cured, thank you very much.
https://steemit.com/hive-108451/@anamaria24/tizas-steemit-crypto-academy-or-course-7-by-stream4u-or-money-management-and-portfolio-management-anamaria24
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