How can I split my digital assets into different categories for better management?

3 answers

• Dec 19, 2021 · 3 years ago
  One way to split your digital assets into different categories is by their purpose. You can create categories such as long-term investments, short-term trades, and speculative assets. This will help you prioritize and manage your assets based on their intended use. Additionally, you can also categorize them based on their risk level, liquidity, or the platform they are traded on. By organizing your digital assets into different categories, you can have a clearer overview and make more informed decisions.
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• Dec 19, 2021 · 3 years ago
  Another approach to categorize your digital assets is by their market capitalization. You can divide them into large-cap, mid-cap, and small-cap assets. This categorization can help you balance your portfolio and manage risk. Large-cap assets are generally more stable, while small-cap assets have higher growth potential but also higher volatility. By diversifying your holdings across different market capitalizations, you can achieve a more balanced and diversified portfolio.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we recommend splitting your digital assets into categories based on their utility. This can include categories like decentralized finance (DeFi) tokens, privacy coins, stablecoins, and platform-specific tokens. Each category serves a different purpose and has its own unique characteristics. By organizing your assets in this way, you can better understand the potential risks and rewards associated with each category and make more informed investment decisions. Remember to always do your own research and consult with professionals before making any investment decisions.
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