I started January of this year by rounding off $500 from what I earned last year to start a new crypto portfolio. The idea behind it was to be conservative about what went into it and the strategies I used to build its value. You see those ads on YouTube all the time about a guy who starts off with $321.48 and turns that shit into a lambo. The thing about markets is.. they’re gonna get their money back from most people. Speaking of, have you seen the 24-hour price change of most of the cryptocurrencies? Ouch!
Losses in the last 24 hours are ranging from 5 to 13%. Luckily for me, I’ve picked up some good habits. When things are going well, I lock in some of that value by trading for stablecoins. Stablecoins will comprise 40 to 60% of my portfolio value depending on how volatile things get. When I check the other day, my portfolio value was $606.48, or 21% growth since January. Most of that value came from hubris, so I began trading it for stablecoins.
A little over 50% of my portfolio was USDC just before the drop off yesterday. My portfolio value fell to $591.51, or a loss of 2.5% when most currencies were losing between 5 to 8% at that time. Over the next few hours it fluctuated between 593.79 back down to 591.41 earlier today. Throughout the next week I plan to buy back some of that crypto and grow it more.
