How will I manage my portfolio from now on?

Friday, 9th of September 2022

Many of you have read how I Earned 12 BCH in December 2021. That was one of my most viewed articles and many of you have cheered me on my big success as noob trader. Some of you might have read my Practical guide on how to loose it all in crypto, which was my sarcastic summary of all the mistakes one could make in their crypto journey. I tried and tested them all!

Now here I am, back in ‘almost’ square one. I say ‘almost’, because I still have maybe 5 BCH left of what used to be $14 000+ portfolio back in January 2022. My 7 LawPunks are still mining some Law for me, so that’s another 14 BCH there if I decided to sell them now. I actually pondered selling 2 ugly males that I own, but I decided against it, because I really like number 7 :)

I still have tons of SmartBCH tokens and @bmjc98 asked me recently how are they doing and if I have sold any. Well, they’re doing badly and I haven’t sold any. I don’t really see the the point now. I’m not interested in gaining a few pennies for these tokens in the depths of bear market. I’ll just hold them in my wallet as a reminder of all the mistakes I have made on my crypto journey. Many people say that SmartBCH is dead after the whole CoinFlex drama. Who knows? Maybe it is, maybe it isn’t. I’ll just consider it all $o badges in my wallet and move on and maybe one day they will be worth something, but I’m not holding my breath here.

Don’t get me wrong, it’s not that I took this huge loss lightly. I have grieved the death of my portfolio for months. I have grieved the loss of trust, time and money. I’ve experienced some really dark months this year.

Holding on to what is lost is not really my style though. More importantly I still have all the knowledge I gained on my crypto journey since April 2021. The real loss would be if I have moved on with my life and never used that knowledge again. The same with the genuine connections I have made during my time spent in cryptoverse.

Partly, I had to move on of course. I started a new job in June and surprisingly I quite like it. It’s close to my home and only 4 days a week, so I still have plenty of time for myself. In my new job I was automatically enrolled to a pension plan. Well, I’m not a big fan of government schemes. Had my employer added a nice chunk to my 5% contributions, maybe I would be tempted. They only pay 3%, which is probably the lowest allowed by the law, so last month I decided to stop my contributions.

Instead, I decided to make my own crypto pension pot. 5% of my wages I will be sending to Revolut each week and each month I will be buying crypto with that money. This part of my portfolio will be closely monitored and only involved in low risk investments. BCH is in this category for me of course. I’ll fill up my bags of Bitcoin Cash while its price is very low and maybe do a little spot trading to make my BCH bag even bigger.

I will of course continue writing and earning more crypto in all ways possible when time allows. My earnings will be kept in a separate wallet, waiting for a nice pump in BCH price, ready to sell a small part when I deem the price to be at suitable level. We all know that bears come after the bulls, so I’d always like to have some money on the side to buy more.

At times when I have some surplus of money on my account, I will continue filling my bags of crypto when the price is right. I definitely want to continue minting some NFTs, because minting and flipping them makes everything more fun! Although I definitely won’t be doing so with my credit cards, no matter how great the opportunity might look.

That’s it. I’ll just take it easy and learn as much as I can with every step I take. Hopefully in time my portfolio grows to a nice chunk which can become my retirement pot.

Until next time 💙