Portifolio Management in Crypto

One of the things we need to figure out in this web3 journey is how to manage our cryptocurrency portfolio or Networth. This is very necessary as a crypto enthusiast as it could either make your journey a very rewarding one or it would be full of regrets.
According to IEE explore : 

portfolio management is the decision-making process of allocating an amount of fund into different financial investment products

Simply put, its the process of controlling a set amount of money you have into wise investments.
Portfolio management is an important concept for a crypto enthusiast. Whether a degen, a long-term investor, a Futures trader, or an NFT flipper, it is one of the processes of investment.

There are many types of Portfolio Management, but two are the most common:

Active Management: Active management is actively purchasing and selling specific assets on a regular basis in order to maximize profits or minimize risks. Most people connect hedge funds with this form of portfolio management, in which the portfolio often changes in response to market circumstances. Simply put, you are always active in the market, taking profits, cutting losses, or re-investing.

Passive Management: This is the opposite of Active. As an investor, you basically just buy the token and forget about it. Its usually done though after a series of conductive research and analysis that you are making the right investment and it is generally for the long term. For example, most Passive Investors just prefer to buy just ETH or BTC for the long term.

Whatever style you choose to adopt, it is dependent on how much spare time you have on your hands as a person, for example, someone with a 9-5 job won't be able to use the Active Management style due to work hours. However you do it, dedicate enough time to make research the tokens you want to invest in before making a move.

Hope this helps someone out there. See you in my next post
Cheerios