My Crypto Portfolio Update!

Disclaimer: This article is not to brag about my Crypto portfolio holdings so if you're starting to think that way, you better stop reading and fix your thinking. This is also not a piece of financial advice. Read at your own risk.

I have been very open about my Crypto Portfolio on this platform as I've written about it so many times before. It's been a while when I last gave an update about my crypto portfolio because when the market crashed, I did not bother updating it anymore as it just gave me an eyesore whenever I look at it.

But just this morning, I have decided to keep track of all of my cryptocurrency holdings and updated my CoinGecko app, which I use in tracking my portfolio. And I'm writing about it here on this platform to be accountable for sharing my crypto portfolio before, especially that I feel embarrassed and ashamed whenever I hear others ask about my portfolio.

In an article I published before the 1st quarter of this year ends, titled "My Crypto Goals for 2021: a $21,000 Portfolio!" I have shared that aside from earning and holding 10 Bitcoin Cash, my ultimate Crypto Goal for this year is to have a portfolio worth $21,000.00 or about 1 Million Pesos, out of all of the crypto coins that I'm holding.

Last April, I gave an update about this ultimate goal through another article, "A $21,000 Crypto Portfolio Goal: Where am I now?" where based on the photo I have included there, I was only 1/4 away from achieving this ultimate goal.

And after a week or two, I gave another update that I already achieved this goal through my article, "A $21,000 Crypto Portfolio Goal is Finally Achieved!". It was such a once-in-a-lifetime achievement for me because I am only 21 years old yet I already achieved that amount. This amount was already too big when converted into Philippine Peso. The feeling was surreal as if I was already on cloud nine.

It was achieved because of the bull market where Bitcoin had a massive bull run setting its new all-time high of ~$65,000 and Bitcoin Cash reached its all-time high this year which is $1,650. Almost all of my crypto holdings also made their new all-time high this year, as if these boats were lifted by a huge tidal wave.

But there is a reality in the crypto-verse that when a coin pumps, it will most likely dump afterward, and vice versa. So when Bitcoin made its new all-time high, it was expected that it will make a huge drop or correction, especially when followed by FUD and bad news. Not to mention, a Billionaire and businessman also played with the market.

I have to admit when the market crashed this May and FUD (Fear, Uncertainty, and Doubt) started to take over the bull market where it leads us into a bear market, my crypto portfolio was badly hurt. I know it's not just mine but a lot or all of the crypto holders were also affected because of FUD and bad news in the crypto sphere.

From one bad news to another and a lot of FUD circulated the crypto market, I saw the value of my crypto holdings plunge big time.

In these past 2 months, we saw Bitcoin dropped more than 50% from its all-time high where it visited $28,000+ levels, leaving the majority or all of the altcoins plummeted to even almost up to ~90% from their all-time highs.

Seeing Bitcoin Cash visit the price of ~$385 again after setting its all-time high ($1,650) this year, my Crypto Portfolio felt like it was massacred because the majority of my Crypto holdings is invested in Bitcoin Cash.

And after updating my Crypto portfolio tracker again, this is now the corrected overall value of all of my cryptocurrency holdings, as of August 9, 2021, 6:25 pm.

Before the market proceeded in the bull run last April, I saw the value of my holdings start from only $5,000, until it reached $10,000, and became $15,000, then achieved my $21,000 crypto goal. I even saw it made an all-time high of $25,000 where I thought back then, it will also reach as high as $30,000.

But FUD, Elon Musk, and a lot of bad news did not let that happen. Instead, I saw my Crypto Portfolio being depressed and murdered as time goes by. I saw my portfolio reached about $5,000 again, back to where it was before the bull run.

Some of my coins have not yet recovered and I'm losing hope they will ever recoup my investment, but seeing the overall value of my Crypto Portfolio slowly healing again, I can only hope for the best things to come in the crypto market.

I have learned a lot and also made a lot of mistakes from the previous bull run which I will share in a different article.

I hope when the bulls come out again, which I believe the next bull run is already starting, I get to apply the lessons I've learned and avoid committing the same mistakes.

The only thing I can do for now is to keep holding and growing my Crypto holdings by writing articles here on read.cash, making posts on noise.cash, and trading my coins on the Binance exchange.

Cheers! Until we get to the moon again!