Hi! I'm just want to know how to make a portfolio so that I can go for an exchange. I have get my coins from a bounty campaign and there are many exchange that are available for it and I want to go for now. What to do? How can I make a portfolio ? Is portfolio really needed or if you just want to have one? Thanks in advance.
There have been a number of answers on what a portfolio is earlier in this thread. The most important thing to think about in a cryptocurrency portfolio is diversification. Diversification in a crypto-portfolio can be done by investing in different cryptocurrency categories. There are several different ways to categorize cryptocurrencies, but one way is the following: (i) currencies (BTC, LTC, etc.), (ii) platforms (ETH, NEO, QTUM, etc.), (iii) supply-chain (WTC, MOD, etc.), (iv) privacy-focused (XMR, ZEC, XVG, etc.) and (v) blockchain-agnostic (ARK, LINK, etc.).
However, diversification in a crypto-portfolio is more commonly used synonymous with investing in many different cryptocurrencies. The reasoning is that if you put all of your funds in one single crypto currency, you take bigger risks, as it is more likely that one single crypto currency goes belly-up and loses all of its value, than it is likely that 15-20 coins do it at the same time.
All the best,
Cryptowisser - Your Trading Cryptocurrency Guide