When you own extremely volatile assets like Bitcoin, you are bound to feel the highs and lows in a very short period of time. On March 13 earlier this year, BTC dipped from $8K to $3800 is less than 24 hours over fears of Corona led recession. Just a month later, BTC rose back to over 8K, currently trading close to 10K. This roller coaster ride can be especially scary if like me, a large part of your investments are in cryptocurrencies. These times can be hard for an average investor who might sell at the bottom when you should be buying. This hurts the overall portfolio. But for the purpose of this article I am assuming you are a Hodler and you have strong hands. Lets look at a few things that’s probably hurting your crypto portfolio and few things you can do to improve its performance.
The long bot works to create a long term crypto portfolio to maximize crypto holdings over time. That is the singular goal of all strategies that long bot deploys.
I am always advising my friends to buy and HODL crypto (If you dont know the word, google it!). HODLing is usually a good strategy for two reasons: