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Investment Advice for Crypto Traders and Investors

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@willmington-w
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If you are crypto trading, ensure that you have a dedicated crypto savings portfolio separate from your Trading portfolio. Always track your trade performance to ensure you are in fact making money and not losing money over time. If you are not profitable even after being fully educated, studying the technical analysis, fully understanding your asset and the current news cycle then this is a clear indicator that your emotions may be clouding your judgment and you should only be a Crypto investor and not a trader.

If you go only the crypto investment route it is still possible to make passive gains on your crypto (Alongside the obvious overall long term gains over other traditional assets). If you are willing to take a small risk of not owning your own keys to your crypto for an amount of time, you can hold your crypto with a well reviewed and trusted Savings & Lending platform such as BlockFi or Celsius (or a combination of both for extra fallback safety).

I am currently holding a large proportion of my Bitcoin with BlockFi due to their current outstanding rate of 6% APY on Bitcoin savings, with interest paid out monthly, that then compounds in to the next month. I am also using [Celsius Network](Celsius Network) to hold and lend out a large proportion of my Ethereum and other alt-coins in return for generous weekly interest gains. Of note for European crypto enthusiasts is the Nexo platform. I personally prefer to hold my crypto with either BlockFi or Celsius, however I am from the UK and Nexo offer nice investment rates on GBP (Rates that put any traditional bank to shame) so I send a lot of my GBP there for holding before moving it to other platforms to invest later.

If you track your Crypto trading performance and you are indeed making money in the long term then you can start siphoning off some of your profits into your longterm saving portfolio to mitigate future risks. My personal preference is to use Bybit for derivatives trading of my main crypto assest (Btc and Eth) in which I am paid out in the aforementioned assets in profit (There's no way I'd want my trades settled in USDT! I'm sure we are all well aware of the current trajectory of the USD). I then use Binance for Alt-coin trading, mainly just on Spot.

Bybit is by-far the best derivatives trading platform currently out there and as mentioned I personally use it myself. The customer service is top notch, the order throughput is the best in the game and you wont come across any lower fees anywhere else. The site itself looks great and is simple and straightforward to use. A mobile app is also available for those who need to trade on the go.

So, that's just my little helpful advice. Further to this is the more obvious stuff which you should have heard but it can never hurt to drum it in further! Don't leave too much of your crypto on your chosen exchanges. Only leave there what you are using to trade short term and get your profits siphoned off for long term hodling. In your longterm saving wallets, either hardware or software, memorise your 12 word nemonic passwords. This way you are in effect walking around with your assets essentially stored safely in your brain that no hacker can yet reach. And of course the final point - NEVER give out your private keys to ANYONE!

Thanks for reading, I wish the best of luck and success to us all on our individual crypto investment journey's. Have a great and productive day.

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