gm
For the first time in this portfolio, I decided to take some of my holdings off the table, meaning that I'm not planning to re-purchase crypto anytime soon. A few important things happened this month:
- On 1st of January, I exchanged 20 ETH for BTC
- Then sold some of my BTC in span of next month, totalling for about 12.5k USD
- Also meanwhile on Jan 5th, I sold anoter 3.3 ETH for around 7k+ USDt
That means that I have liquidated around 25% of my portfolio in Jan.
And now, for the purpouse of this portfolio, I will keep all sold crypto as USD value. In reality, some of it I already transfered to my longterm stock portfolio. This is to not mess up the calculations and overall performance. Some of it is also staked in Bitfinex funding, and will generate some extra interest until the portfolio is completely closed.
All transactionsare below:
Wthat's next?
For the rest of the portfolio, my plan remains unchanged - waiting for higher prices. The main reason for recent selling was simply progression of longterm holders distribution in this bull market, which I cannot ignore. As the price moves higher, I'm looking into gradually sell another parts of my holdings. Although distribution progressed, the market has definetely not reached the top yet. I'd say we are somewhere in the middle of the bull market.
Again, I still think that the scenario on the chart below is intact.
