Remember. You can always sell a portion of your holdings. It doesn’t have to be all or nothing. Make a plan.

I constantly read people say, “Oh just my luck, I sold all my XRP to go into purple unicorn (or whatever it is) just 6 months ago! I can’t believe I missed out on this. Just my luck!”

Remember. You can always sell a portion of a holding when you hit a price target. You don’t have to liquidate the asset entirely. The key though is to have a plan, otherwise you’ll be second guessing yourself constantly with the daily/weekly pumps and dumps.

My plan? I sell a third of all my assets when the total market cap hits 4 trillion. I sell another third when the total market cap hits 7 trillion. Right now I’m not buying anything unless the total market cap dips below 2 trillion.

I’m not saying this is a great plan, just what I’m doing. Make sure you have a plan or else you’ll be doing the flip flap trader stuff that will screw you over in the long term.

What I’m realizing more and more with each cycle is that no one really knows what’ll happen with different assets. It’s incredibly hard to pick winners. About a year ago I posted my portfolio and was clowned on. My general strategy? The majority of my holdings are in BTC and ETH. I then have a basket of the big L1s that can handle volume. I own a total of 26 coins. Alts make up a much smaller % than BTC and ETH.

For years people have said SOL & ADA are shit, XRP sucks, ALGO is mid, DOGE’s inflation is ridiculous, XLM and LTC are washed. Tbh, I think pretty much all cryptos are stupid including these. But I still bought them because ultimately I don’t know what will play out long term. But I figure that the gains from 1-3 coins will pay for the losses and it’s worked out so far.

Unless you’re only in BTC, I really hate the “concentration is the way to go bro, otherwise you’ll dilute your gains” perspective. Because how do you know you’re right? Look at EOS or NEO. How do you know that you picked the right winners? Now should be said, how do I know that I picked the 26 correct winners? I don’t. But generally speaking, I’ll model my portfolio after what Grayscale does so that at the least I’m riding the currents of the institutional players.

Make a plan.