ALGO Accumulation & the Importance of Exit Strategies

Learn strategies to accumulate ALGO to position yourself to be a big winner during the next bull run.

Yo, gov!

The Club has moved to our own custom website: www.governorsclub.xyz. 

Even though we've moved, our content and dedication to being the definitive source to upgrade your Algorand DeFi and NFT game remain unchanged!

We'll keep this substack accessible for a short period of time, but we encourage you to update your bookmarks and links to our new domain as soon as possible to continue your Algorand journey.

Thank you for your continued support, and we look forward to seeing you at the new and improved Club!

Gov Tip: If you’re new to Algorand, make sure to check out our Algorand Beginners Guide to begin your Algorand journey!

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Algorand and its native token, ALGO, are both poised to be one of the next blue-chip blockchains and digital assets. 

But I’ve seen many govs get caught up in the hype of other projects (ASAs and NFTs) and lose money because they overinvested in them at the expense of underinvesting in ALGO.

In fact, this is one of the biggest mistakes Algorand investors can make.

Getting caught up in the hype around other assets that could potentially moon while forgetting that ALGO is Algorand’s most likely asset to moon.

After making this mistake a couple of times this year, I realized an Algorand portfolio should always be ALGO top-heavy, and our goal as investors should be to accumulate as much ALGO as possible before the next bull run.

Don’t get me wrong – this doesn’t mean you shouldn’t invest in other projects in the ecosystem. 

Sometimes NFTS and ASAs can appreciate in value faster than ALGO, and there are benefits to jumping on a train that’s moving faster. However, you should avoid going all in on any one project while working to preserve and grow your ALGO.

In today’s newsletter, we’ll review the many different strategies to accumulate ALGO, the risks associated with them, and how to best deploy them. 

But before we dive into the different ways to accumulate ALGO, let’s review exit strategies because they’re the key to everything you’re about to learn. 

Let me explain why.