Hold and Build strategy for 2023
The last year 2022 was not good in terms of price appreciation instead it did a lot of damage because of Luna and ftx incidents. I have been accumulating more cryptocurrencies throughout the year and I will continue to do the same. I believe that cryptocurrency market is in the early state and this will grow a lot in the coming years.
DCA Strategy
This is my favorite way to buy the cryptocurrency coins and this saves time. Some of the coins I buy through this on daily frequency and my plan is to add some more in the list this year. I have not finalized the list of coins but I am looking hive as the one however couldn't get this option on any exchange.
Self custody
I had my funds in exchange wallet but now I have purchased ledger wallet so I prefer to hold my coins with me instead of holding in exchange wallet. This is needed looking at the current market scenarioes and how exchange are dealing with user funds. Not your key and not your cryptocurrency is the basic fundamental here and that's is why it's highly recommended to have hardware wallet.
Hive will be priority
Like the last year this year also my preference will be for hive. My major cryptocurrency holding is in hive and I will follow the same strategy this year as well. The current hive price is not a concern for me and this has huge potential to grow. It's not like another cryptocurrency hence the approach is different and I am trying to build a decent hive holding that can help me generate a good curation income. This will be a passive income for me and that is the best part of hive coin. Even there are many other coins in hive ecosystem offering better passive income options.
This is vacation time but also I am trying to plan out things for the year. I expect that there would be great moves in crypto space this year and I am trying my best to achieve the best out of it
Thank you
Posted Using LeoFinance Beta
Congratulations @alokkumar121! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 54000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out our last posts:
Support the HiveBuzz project. Vote for our proposal!
We are in normal pear market what takes all bad pages and coins out :) also gives as Extreme lows .
Also best time to take coins up and to start what crypto world, bear market give as lot time to think what is wrong and what needs to fix so next bull we be more strong :)
It's easier to grow one's HP during this bargain season.
Posted Using LeoFinance Beta