It's exactly 2 years since the first post, so it's a great time to reflect on some of the stuff we been through.
My LTD profit after exatly 2 years is 32,42%, an equivalent of 10,2k USD. To me, that's a really bad result. I mean, it's not that bad, because that's still much more than I would make on the stock market. But in the same time, it could be much better, and it was much better. At the peak of last bull market, the value of my portfolio was somewhere around 130k USD.
In the same time however, we are very near a major bottom of the market. It kinda feels like I write this each month as we continue to go lower, but again, I really think that right now is the best time ever to accumulate Bitcoin (since the inception of this thread).
Sentiment is really depressing. We are after a major catastrophic events, and there is literally nobody talking about crypto right now. Everyone seems to be focused on negative macroeconomic situation, which is good for us. At this moment, it doesn't really matter for me if we get another major drop, or we trend sideways for another 2 years, because eventually there will be a rally, and it will pay off.
And now, let's look at the key macro indicators.
RHODL ratio
Parametric long-term circulating supply in profit
BTC long-term SOPR
BTC long-term supply
Realised cap hodl waves
My point is, no matter at what macro indicator we take a look, it's clearly showing a bottom. The conclusion is clear - sit thight, accumulate, perhaps add some longs.
I also wanted to quickly touch on my long position, which is currently at -9,5%
