Jason Mo reveals three secrets to properly managing your cryptocurrency investment portfolio in a bull market., one of which is to use the profits made from purchasing stablecoins to invest in DeFi solutions. He also recommends allocating the investment portfolio according to the initial capital that the investor has.
Jason Mo is a former professional poker player who has won over $2 million in several major tournaments. He is an early cryptocurrency investor, having invested in Bitcoin and Ethereum during the ICO in 2015. He is now one of the many whales investing in the crypto space.
In a YouTube interview with Taiki Maeda, in the Crypto Market Wizards segment, Jason Mo talks about the secrets to success in the high-stakes cryptocurrency industry.
In particular, it focuses on three important keys and concepts to stay in the market and not be isolated by bearish cycles that are characterized by intense speculation with cryptocurrencies.
Secret No. 1: Knowing How to Keep Calm in Any Situation and Preparing to Lose
The investor states that the fear of missing out on an opportunity is a bad mindset that will not bear fruit. He also believes that an investor should be aware of what he wants to do in the cryptocurrency sector and what he can invest in:
“Above all, you have to be objective in all situations. You have to approach things analytically and not emotionally. I think this is even more true in bull markets, where all assets are going up and you may think you are missing out on something. or that you are not paying enough attention, or that you should increase your allocations in these positions… The feeling of missing out on an opportunity is a very bad mindset… You just need to have a general thesis about what you want to do in cryptocurrencies… Also, don’t compare what you do and what others do the rest. Be objective and follow your own path,” said Jason Mo.
Secret No. 2: Being Objective and Not chasing Big Profits
The cryptocurrency whale warns traders to be objective and not chase big profits. He believes there should be objectivity in investments. Even if other people make 10 times more on their investments and you only make 10% or 20% a year, that’s still very good.
Mo insists that an investor must be well prepared for losses, equipped with hardware wallets and aware of the industry’s security issues. In addition to betting on assets in which the investor has sufficient confidence.
Jason Mo believes that every dollar counts and can prove its worth. Especially the investor hopes to stay in the game as long as possible. Jason then discusses how to customize an investment portfolio based on the initial capital the investor has.
Secret No. 3: Investing in Negative Yield Solutions in DeFi
Jason Mo’s third tip is to build conviction before diversifying an investment portfolio. He especially recommends using the profits obtained from the purchase of stablecoins to invest in negative yield solutions in DeFi.
Mo also sees stablecoins as useful and productive on-chain assets. Through them, you can earn a decent amount of returns with almost no risk. But apart from that, the investment portfolio should be diversified.
According to Jason Mo, some projects that are highly visible today can be deployed in a market that will experience significant growth, and they will have much more competition and only some will benefit from it.
By Leonardo Perez
