@Raymo 26 May 2021 more from that month

My Altcoin Stocks Portfolio (at 21/05/21)

Another scary week for my altcoin stocks as I watched them melt down but I was both frozen into non-action and also thinking about buying the dip. For sure, Black Wednesday May 19, 2021 will be forever etched into my mind as a dark day in crypto. For the week, all six positions in my altcoin stocks portfolio were losers. Whether it was a Elon Musk tweet or China crypto ban or a classic Wyckoff Distribution Event, the institutional money certainly took advantage of the FUD and relieved the weak hands of their crypto and their derivative stocks. https://www.youtube.com/watch?v=Lhf_2gJJS1I&t=20s But what should I do? retrench or abandon ship? The dip caused some doubts and affected my mindset. I lost a bit of motivation to write this post. That was the major negative thing that happened to me. But my rationale for continuing on was that I don't have a large position in these stocks yet so I can ride it out and buy the dip. I did not add to any positions but if I did it would go straight to the Evolve Ether ETF (ETHR), given they are not charging any management fees until May 31. Note to self - find the money to buy some ETHR this coming week. The portfolio so far - Two stocks purchased in late 2020 - Ether Capital (ETHC) and 3iQ Ether Fund (QETH) have gone up over 223% (drop from 360% week before) and 213% (drop from 440%), respectively. Five weeks ago, I bought into ETHR and due to the drop, the return is now-3.8%. Also, bought DeFi Technologies, which is up 9%. Over the first few months of 2021, I diversified into some altcoin stocks, specifically Graph Blockchain (GBLC), a company that is earning staking rewards for the Polkadot, Cardano, Chainlink and Tezos tokens and Intellabridge Technologies (INTL), a company working with the Terra blockchain. Below are the rate of returns of my portfolio based on my brokerage summary at the end of each week.

**Ethereum Stocks** Ether Capital (ETHC):**+222.9%** (May 21/21) **+360.0%** (May 14/21) **+338.3%** (May 7/21) **+241.8%** (Apr 30/21) **+230.1%** (Apr 23/21) **+244.5%** (Apr 16/21) **+198.5%** (Apr 9/21) **+169.7%** (Apr 1/21) **+154.3%** (Mar 26/21) **+159.8%** (Mar 19/21) **+180.5%** (Mar 12/21) **+195.8%** (Mar 5/21) **+193.1%** (Feb 26/21) **+225.6%** (Feb 19/21) **+231.9%** (Feb 12/21) **+249.0%** (Feb 5/21) **+170.6%** (Jan 29/21) **+233.7%** (Jan 22/21) **+238.2%** (Jan 15/21) **+277.0%** (Jan 8/21) **+197.6%** (Dec 31/20) **+57.8%** (Dec 24/20) **+68.7%** (Dec 18/20) **+38.9%** (Dec 11/20) **+38.0%** (Dec 4/20) **-17.0%** (Nov 27/20) DeFi Technologies (DEFI.neo):**+9.4%** (May 21/21) **+11.3%** (May 14/21) **+17.7%** (May 7/21) **+23.2%** (Apr 30/21) **+25.1%** (Apr 23/21) **+22.3%** (Apr 16/21) **+60.9%** (Apr 9/21) **+65.5%** (Apr 1/21) **+72.9%** (Mar 26/21) **+74.7%** (Mar 19/21) **+99.5%** (Mar 12/21) **+130.8%** (Mar 5/21) **+137.2%** (Feb 26/21) **+175.9%** (Feb 19/21) **+49.0%** (Feb 12/21) **-9.9%** (Feb 5/21) **Ethereum Closed-end fund** 3iQ The Ether Fund (QETH):**+213.2%** (May 21/21) **+439.8%** (May 14/21) **+384.9%** (May 7/21) **+276.6%** (Apr 0/21) **+230.7%** (Apr 3/21) **+269.8%** (Apr 16/21) **+218.5%** (Apr 9/21) **+207.8%** (Apr 1/21) **+165.6%** (Mar 26/21) **+181.7%** (Mar 19/21) **+167.0%** (Mar 12/21) **+129.2%** (Mar 5/21) **+118.7%** (Feb 26/21) **+190.5%** (Feb 19/21) **+230.0%** (Feb 12/21) **+234.9%** (Feb 5/21) **+139.2%** (Jan 29/21) **+119.5%** (Jan 22/21) **+94.2%** (Jan 15/21) **+117.7%** (Jan 8/21) **+39.0%** (Dec 31/20) **+11.6%** (Dec 24/20) **+10.4%** (Dec 18/20) **-3.9%** (Dec 11/20) 3iQ took a massive drop. Is it time to get out and start anew? Maybe sell QETH, realize my 200%, buy into ETHR before month end while it's still negative. **Ethereum ETF** Evolve Ether ETF (ETHR):**-3.8%** (May 21/21) **+65.4%** (May 14/21) **+44.1%** (May 7/21) **+15.9%** (Apr 30/21) **-0.3%** (Apr 23/21) Major selling point - no management fee until May 31/21. Now down -3.8% since purchase. Market cap at $31.45M. I should buy more. **Other Altcoin Stocks** Graph Blockchain (GBLC):**-49.5%** (May 21/21) **-47.0%** (May 14/21) **-36.8%** (May 7/21) **-34.3%** (Apr 30/21) **-15.9%** (Apr 23/21) **-14.1%** (Apr 16/21) **-26.7%** (Apr 9/21) **-34.3%** (Apr 1/21) **-39.4%** (Mar 26/21) **-40.0%** (Mar 19/21) 10 weeks of negative action. but I'm stubborn. I see they have **added Tezos as a token to stake.** https://thedeepdive.ca/graph-blockchain-expands-proof-of-stake-mining-to-include-tezos/ While still in the red, the reason I'm in GBLC is that I would like to stake some Cardano in a **Cardano staking pool**. Given that I have only a small amount of Cardano, perhaps a better bet is to buy into **a stock that already does staking in Cardano (and Polkadot** and Chainlink to boot, which are top 15 coins per CoinGecko.com). https://www.youtube.com/watch?v=Bm3eesgsrbU https://www.investing.com/news/cryptocurrency-news/graph-blockchain-to-buy-cardano-polkadot-for-staking-2450597 As an aside, I made my first crypto trade on Coinbase, transferring some BAND Protocol tokens for some Cardano (ADA). I just might jump into a Cardano staking pool myself. Intellabridge Technologies (INTL):**+45.3%** (May 21/21) **+51.4%** (May 14/21) **+63.7%** (May 7/21) **+80.0%** (Apr 30/21) **+47.3%** (Apr 23/21) **+73.9%** (Apr 16/21) **+88.2%** (Apr 9/21) **+78.0%** (Apr 1/21) **+2.3%** (Mar 26/21) **+10.5%** (Mar 19/21) **+12.5%** (Mar 12/21) INTL has been a pleasant surprise but it has dropped in price the last few weeks. They are developing a Kash app that is using the Terra blockchain. **Conclusion** Well, that was a shocker of a week. Time to retrench and buy the dip. Goal for the week - I will find the money to buy some ETHR.