I think there is about a 20% paper loss on my crypto assets after the crash yesterday, which they said is due to the impending Iran and Israel conflict.
The Hive chart below shows how much is lost from its recent tops.
Really need to review my crypto thesis once again. This is a good time. I take it as a prep for the bull market.
Trading and investing is like that. We know what we need to do, but without discipline to follow through, we are nothing.
This is what I have made up my mind with, and I am going to strengthen it to follow through.
There should be a few portfolios.
- Hodl Portfolio with a 10 year horizon.
- BTC
- HIVE
- LEO
Determine a fixed amount of the above assets. Aim to reach the accumulation amount as soon as possible and never bother with it. It should be an amount that its upside is so huge that it makes an impact in wealth accumulation. At the very least, 10 years return target should be a 30% per annum on a year on year basis. The question to ask is is how much is enough in 10 years through this portfolio.
Supposed I have $50K invested on this, I can get back $639K in 10 years, if the 30% ROI plays out. I think this should be quite realistic given that BTC is a major allocation. Beating the HBD 20% should be a piece of cake!
Loose change portfolio
I would have some loose change portfolio bought from previous bull run and some L1s in staking, which I aim to sell when we are in the peak of the bull run. These are the assets I never mean to keep. I am not going to need them because I don't use their network and don't think they will survive 10 years. And because they are so small in amount, they are not substantial in making me rich. Just want to sell them in profit.Trading portfolio
There are some projects that may fly in this bull run. Fly as in crazily turning itself to multiple X when the market goes bullish. This is the portfolio I would buy in the dip, make a record of how much is invested, and sell when the target is reached. This includes Hive, Leo, and even BTC.Swapping portfolio
Lastly, my secret sauce is the swapping portfolio. I have hidden it here so that only the serious readers read this. This is my extra portfolio that holds BTC, LEO and Hive. I count the assets in terms of number of tokens in these projects. I will swap these tokens with each other with the objectives of getting more tokens of each at the end. Not so much caring about the dollar value, but the aim is to get more token counts. For example, sometimes BTC drops in dollar value, while Hive gains in dollar value. This is the time to sell Hive and buy BTC, resulting me to get more BTC temporarily. When BTC gains in value and Hive drops in value, I can sell the BTC which I bought with Hive to get back more Hive. This way I get more Hive than when I started!
I believe it is important to segregate our crypto assets into different portfolios. Different portfolios calls for different strategies. A clear mind in allocating the proportion of our investment to these different portfolio at the start is also important.
The rest of the work is to carry out the plan. This is not financial advice certainly, but my plan is to do these.