Keeping the Portfolio ready for the upcoming bull run
Maintaining a good portfolio is very important when it comes to financial management. It is mandatory to review the portfolio whenever we get a chance and maintain it accordingly. I take a look at my portfolio every single day and once in a while I also move some of my coins. I either sell them or purchase some new coins. This way I try to keep my portfolio up to date.
The price of Bitcoin is tanking very well and in the last few days, there has been a good sign of an increase in the price of Bitcoin. This has created a great belief among the people. Many people have started to believe that the next bull run is not too far. But the biggest question is are we ready for the next bull run? The price of some of the coins and tokens is still very good especially the altcoins that have potential.
People who would like to invest before the start of the Bull Run can find this to be a good chance. Those who would like to hold a few coins for the long term need not worry even if the price of some of the alt coins goes down after buying them.
Bull run is almost here
There is a huge expectation from this bull run. Many people have invested a lot of money in the crypto space, holding them strong for the bull run to happen. I personally think that this bull run should give financial freedom to many individuals. I was comparing it with the previous bull run. The upcoming bull run should definitely give great hope to many people. I used to have less than 20k Hive power during the previous bull run. Today I'm able to see that I have close to 100k Hive power with me. It is not like I'm going to power down and sell. But I have a number in my mind. By any chance, if the price of Hive hits that number, I will not hesitate to power down and sell a part of the Hive. Later I will buy it back from the market when the price goes down again.
Investments outside Hive
Most of my investments are inside Hive and that is somewhat concerning for me. I wanted to do some investments outside Hive too because there are a few good coins out there. In addition to new investments, I should probably also focus on doing some DCA on some of my investments. If not for new investments, I should definitely consider doing DCA because that's how I can benefit from the next bull run. If I don't do DCA, the returns may not be very good and I would mostly end up having the coins with the same value as the bought price.
Still time to invest
Many people might think that they are late for the race but I would still think that it we have a lot of time to still invest before the bull run. Maybe the bull trend has started for the native coins but for the altcoins, the bull run hasn't started yet and that's what gives us great hope to still invest in our desired coins. This month I'm planning to do some DCA on some of the coins that I had already bought long back especially when the market was very good. I still remember purchasing some Hive when the price was around 90 cents. I would be curious to sell some Hive if the price hits 1$.
Diversify and maintain a good portfolio
I already mentioned that I have most of my holdings inside Hive. I wouldn't say that I keep my investments as just Hive but a major part of my investment is in the form of Hive and there are some additional investments in the form of tokens inside the Hive ecosystem. I have a few coins here and there outside the Hive ecosystem. I've been thinking about diversifying my portfolio. During the last bull run, I did not have a proper plan. This time I would like to have a proper investment plan and a diversified portfolio. Let's see how it goes.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Hive is also one of my biggest positions and I am planning to cash out a bit once we reach $3 again. Hopefully we will see a new ATH at about 4-6$. That would be great.
What other coins than BTC are you looking at? You mentioned some interesting altcoins.
I think steem went to around $6 july 2016 so if we can pass that on hive and maybe reach $10 then I’ll be somewhat happy.
Would be awesome but I don’t believe we will go that high. 😏
I agree. Too many people selling on the way up
Most importantly we need to make a new Hive ATH above 3.40$. That’s possible. What do you think?
Yeah we need a new all time high. I'm sure the next bull run can bring us that.
I have a few alt coins in mind. ADA and DOT have already started moving up. I do hold some LTC and XRP. They are evergreen in my opinion.
ADA saw a nice pump this week. 👍🏻
Preparing for the next bull run is very important that why when I finish saving for my certificate this year I plan to start buying hive from my salary and keeping it but still saving the little I make from here and discipline myself not to make any withdrawal.
Many people are investing into Hive. It is still a good time to invest.
I guess we are on the same page. This is actually the time to stack more and more
Yeah as long as the price is low, it is good time to buy.
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good advice!
Thanks Cheers!
8$ ?
Yeah 8$ would be great. 🙂
I want to be able to have a reasonable amount of liquid Hive before the bull run too so as not to miss out. This is the reason I want to continue converting my earned Hbd to Hive. I have powered down a lot to settle some responsibilities offline and I am not sad because I wouldn't have been able to get that elsewhere. Hoping I get to save lots before it happens.
Cashing out is okay but at the same time having a decent amount of HP here is also important.
You are very right. Thank you.
It is true that our portfolio should contain coins that are in demand and we know everything about them and at the time that we know that they are going to go up, then we bring our portfolio. You will see them go up after some time.
It is a great feeling to see them go up. 🙂