The Asteroid Files #10 | Brutal Market Conditions

"The Asteroid Files are an archive of my detailed, real-time accounts as a cryptocurrency trader. I am not one for posting frequently, but a friend told me to do a fun little series on how I trade, what I trade and why I trade. Maybe this could turn into something fun. Maybe not.

Either way, I'm going to enjoy myself and tie in some fun science fictiony type of stuff with my daily trading endeavors.

Hopefully I can either bring some direct value via entertainment or my sheer trading awesomeness. Regardless, anything you read in my files are not to be taken as financial advice, as that would be wildly irresponsible.

Invest at your own risk and seek help if you are not experienced. My posts are for entertainment purposes only, especially considering that the title of this series is about asteroids which has absolutely nothing to do with trading... or does it?"

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Asteroids Portfolio Snapshot:

Portfolio Commentary:

The crypto markets have been tirelessly brutalizing everyone who's invested. At this point, if you aren't holding a majority position in BTC, you've been getting the rough end of the stick the past several months..

Considering that this new portfolio I've created is 100% comprised of altcoins, the performance has been superiorly sub-par.

It's hard to say what to do at this point.

Actually, it's not very hard. In fact, the best advice is the time-tested line that is used by all crypto-heads: HODL!

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In a Brutal Market, What do We Do?

With markets like these, I have to remind myself of diversification.

The need to diversify your income streams is way understated.

If you rely on one singular thing (crypto, for example) to fund your lifestyle, then you can pigeonhole yourself and cause a lot of unnecessary headaches.

Instead, seek diversification. Seek the act of building multiple streams of income through diversified portfolios across sectors. Not just crypto. Not just stocks. Not just real estate... All 3 and more!