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If I Started a Crypto Portfolio in 2023, I’d Do This

Jake Gordon Crypto
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How to Build a Kick-Ass Crypto Portfolio by 2025: A Comprehensive Guide

Cryptocurrency has become a hot topic in recent years, with many investors looking to capitalize on the potential gains. If you’re interested in building a kick-ass crypto portfolio by 2025, then you’ve come to the right place. In this article, we will break down the three essential steps you need to follow to achieve your financial goals. So, let’s dive in!

Step 1: Get Going

The first step in building a successful crypto portfolio is to take action. It’s 2023, and the crypto market is still full of opportunities. While it may seem daunting to enter the market now, remember that time is on your side. Waiting for the perfect moment to invest will only delay your progress.

Start by opening a cryptocurrency wallet and getting verified on a reputable exchange like Binance, Coinbase, or OKEx. Once you’re set up, invest a small amount, such as $100, in a reliable cryptocurrency like Bitcoin or Ethereum. This initial investment will help you get your feet wet and familiarize yourself with the market.

The key here is to develop a routine. Commit to investing a fixed amount every week or month, regardless of market conditions. This strategy, known as Dollar-Cost Averaging (DCA), allows you to mitigate the risk of market volatility and build your portfolio over time.

Step 2: Understand Coins and Diversify

Now that you’ve taken the first step, it’s time to understand the different cryptocurrencies and how to diversify your portfolio. While Bitcoin and Ethereum are the most well-known cryptocurrencies, it’s essential to explore other altcoins with potential for growth.

Aim to hold between five to ten altcoins alongside Bitcoin and Ethereum. Research each coin thoroughly, considering factors such as use cases, circulating supply, previous market performance, and the team behind the project. Look for coins that have a solid track record and show promise for future growth.

Remember, diversification is key to managing risk. By spreading your investments across multiple coins, you reduce the impact of any single coin’s performance on your overall portfolio. This strategy allows you to capture potential gains while minimizing losses.

Step 3: Don’t Be Emotional

Emotions can be your worst enemy when it comes to investing in cryptocurrencies. It’s crucial to remain level-headed and avoid making impulsive decisions based on fear or greed.

On one hand, don’t be emotional when it comes to taking profits. If your portfolio has grown significantly and you’ve achieved your financial goals, consider cashing out a portion of your investments. This will allow you to enjoy the fruits of your labor and pursue other ventures, such as starting a business or investing in other assets.

On the other hand, don’t be greedy and hold onto your investments for too long. Set realistic targets for each coin in your portfolio and stick to them. Taking profits along the way ensures that you lock in gains and protect yourself from potential market downturns.

Additionally, avoid going all-in on a single coin or making impulsive decisions based on short-term market movements. Stick to your investment strategy and remain disciplined. Remember, building a kick-ass crypto portfolio is a long-term game.

Frequently Asked Questions

1. Is it too late to start investing in cryptocurrencies in 2023?

No, it’s not too late to start investing in cryptocurrencies in 2023. While the market has seen significant growth in recent years, there are still plenty of opportunities for investors. The key is to take action and start building your portfolio now.

2. How many altcoins should I hold in my portfolio?

It is recommended to hold between five to ten altcoins in your portfolio, alongside Bitcoin and Ethereum. Diversifying your investments across multiple coins helps manage risk and capture potential gains.

3. How do I manage my emotions when investing in cryptocurrencies?

Managing emotions is crucial when investing in cryptocurrencies. Avoid making impulsive decisions based on fear or greed. Set realistic targets for each coin in your portfolio and stick to your investment strategy. Taking profits along the way and avoiding going all-in on a single coin can help you stay disciplined.

4. Should I invest a lump sum or use Dollar-Cost Averaging (DCA)?

Using Dollar-Cost Averaging (DCA) is generally recommended for investing in cryptocurrencies. DCA involves investing a fixed amount regularly, regardless of market conditions. This strategy helps mitigate the risk of market volatility and allows you to build your portfolio over time.

Conclusion

Building a kick-ass crypto portfolio by 2025 is within reach if you follow these three essential steps. Take action, understand coins, and diversify your portfolio. Avoid emotional decision-making and stay disciplined. Remember, success in the crypto market is a long-term game. Good luck on your crypto journey!

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29 Comments

  1. %Great content and I thank you for breaking it down!! Despite the current crypto dip, I'm still Glad ® I can smile back at my portfolio of $53,700 made from my $5k weekly trade within a short period.

  7. Hi big fan of your videos Jake they are a good help.
    I just have a quick question if you don't mind answering .
    1 Lets say i have 500 invested into Cronos, 200 into ETH and 100 into ADA ,and I've had these in since 2021 start of may.
    2 Roughly how much would you think i will gain if these coins go up by 2025 .
    3 Also 100 in BTC this year .
    4 I just want a rough estimate to see if I'm on a good run
    5 do you still think i should hold them and add more into each one of the currency's mentioned as i am in this for the long run thanks

  8. The relationship between external factors such as inflation data and the Federal Reserve's decisions and their impact on the cryptocurrency market, particularly Bitcoin, is truly intriguing. As the financial landscape undergoes rapid transformation, it becomes crucial to recognize the increasing significance of alternative assets like Bitcoin and embrace adaptive, innovative approaches. In the midst of these market shifts, it is commendable that individuals like Mrs Emma Williams are thriving by utilizing effective trading strategies. Her success in amassing 32 BTC within just three weeks highlights her profound market knowledge, expertise, and well-deserved reputation as a visionary in the world of cryptocurrency trading.

  10. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

  11. In sept 2010 Bitcoin was $0.06 by December 2017 it was $19000. Of all of the coins in your post which is the most likely to match Bitcoins gains in the same amount of time. Just for entertainment, sngs!

  12. I hold high respect for your work mate because you're pointing people in the right direction. If there's one thing I've learned recently is to remain calm especially when it comes to investing in Cryptocurrency. If Bitcoin can sustain these recent highs, it means we're getting a period of some relief rallies across, markets would be good. The crypto market is unstable and you can't easily tell if it's going bullish or bearish. While myself and colleagues are trading without fear of making losses but profits, others are being patient for the price to skyrocket, well It all depends on the pattern you follow. I was able to make a lot of profits 27 BTC! when i started at 8 BTC by implementing daily trade signals and strategy from Ryan Donald.

  23. Great content and I thank you for breaking it down!! Even with the current crypto dip, I'm still Glad 1 can smile back at my portfolio of $82,700 made from my $6k weekly trade within a short period. I'm having my fourth withdrawal in 1 month😊 through Kiana

  24. Good stuff.
    There's a saying "You can lead a horse (people) to water (money), but you can't make him drink (make them buy)."
    Well, after the last bull run in crypto I came to realize, you can't even lead the horse to water. You can only tell them where it is.
    If anyone bought (most/any) crypto in Dec 2022, they'd already be up 100%+.

  25. I am sure i am not the first person to suggest creating a real portfolio demonstration for your paid members? I get that you have to be very careful about Legal Disclaimers and all of that, but if you did it purely as a proof of concept rather for for profit?

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