Crypto World Reports:
Source: Dao Shu Blockchain
1. About Cold Wallets
I’ve written some detailed articles about cold wallets, and there are many similar articles in the online media. Everyone can search for them.
2. Which cold wallets support the Merlin Chain?
As far as I know, it seems that there is no dedicated cold wallet product that supports the Merlin Chain at the moment.
But in fact, we can create a wallet that is close to “cold” ourselves.
A key feature of a cold wallet is being offline. For ordinary users, a simple way is to use a secure computer, install the wallet software, and then disconnect the computer from the internet. This would make it a wallet that is close to “cold.” This wallet should avoid going online unless necessary (e.g. for making external transfers). If it does go online, it should avoid opening any websites and only open the wallet for transfer operations.
3. Can CKB be used as a target for dollar-cost averaging?
So far, apart from the coins I have dollar-cost averaged, I have not dollar-cost averaged other coins, and I won’t do so for CKB. I suggest being cautious when choosing a dollar-cost averaging target.
4. Is there a better allocation for idle funds?
I feel that buying anything now is not profitable. Take Bitcoin and Ethereum for example, my dollar-cost averaging price for these two is $35,000 and $2,500. But now they have exceeded $60,000 and $3,300. Based on my dollar-cost averaging price, I can’t buy them at their current price. Although the prices of other coins are not high, some are even relatively low, I find it hard to judge their future potential. Therefore, even at low prices, I don’t think it’s a good time to buy. I also have idle funds now, apart from buying some ORDI earlier. After my dollar-cost averaging price for Bitcoin and Ethereum was exceeded, I would use some idle funds to participate in projects that I particularly like. However, I haven’t found any projects that I particularly like now. If investors are really impatient and uncomfortable with idle funds, then I can only say that they should just buy Bitcoin and Ethereum and avoid touching anything else as much as possible.
5. Bitcoin and Ethereum have always accounted for 60% of my portfolio. What if the remaining 40% of the portfolio increases or decreases?
The percentage I mentioned in the article is based on the initial investment funds. For example, when I decided to dollar-cost average in a bear market, if I have $10,000, I would use at least $6,000 to dollar-cost average Bitcoin and Ethereum, and the remaining $4,000 or less to buy other coins. After buying these coins, as long as their teams and projects are not major issues, I won’t pay attention to whether their prices are rising or falling, and will hold onto them until the bull market when I think it’s time to cash out.
6. How about XXX coin?
This is a question that many readers often ask in the comments. There are many coins that I haven’t even heard of, or even if I have heard of them, I know very little about them and cannot judge their potential value and prospects. My time, energy, and funds are very limited, and combined with my obvious bias, I mainly focus on the Ethereum infrastructure (mainnet, layer-two scaling, some side chains, various extensions of Ethereum’s functions), coins in the Ethereum ecosystem, and some well-known projects in the Bitcoin ecosystem. I don’t pay much attention to coins outside the Ethereum ecosystem (except for AR) and airdropped coins in the Bitcoin ecosystem. I have some of these coins, but I only acquired them for profit, and I don’t usually track their development or find it difficult to judge their potential value. I will just hold onto them until the bull market and then cash out.
Is there a Better Investment Option in the Current Market
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