A short introduction to how portfolios are structured: position roles, correlation, storage, and rebalancing as general concepts.
Portfolio structure is one of the most discussed and least defined ideas in crypto. This miniclass introduces the vocabulary people use when they describe how a portfolio is put together, and explains what each term does and does not tell you.
It covers position roles, correlation, cycle phases, storage, and rebalancing as general concepts. Historical episodes are described to illustrate how correlations behaved, not to suggest what will happen next.
Nothing here is a recommendation, an allocation, or a personalised plan. Outcomes in crypto markets are uncertain, past behaviour does not repeat reliably, and any decision belongs to the individual and, where appropriate, a qualified professional.
An introduction to why the size of a holding affects portfolio outcomes, and to the concepts commonly used to describe sizing.
An introduction to the indicators people use to describe where a market cycle may be, and to how unreliable those signals are.
A general explanation of why crypto activity can create tax obligations, and why rules differ by country and change over time.