A whopping loss of $488.93 since my last update two months ago. At the end of June, the bank stood at $455.45.
We are well into a bear market now, but note that the recent bear market isn’t just crypto, all markets (stocks, bonds, etc) and in particular high growth markets like tech stocks and crypto are way down now that inflation is running rampant, interest rates are rising and a recession is potentially on the horizon. Another way of looking at is that at today’s prices and since the March 2020 Covid low point; the S&P500 index is only up 75% while BTC is up ~400% and ETH is up ~1,200%.
As well as The Main Portfolio, CTA now also advises on staking; airdrops, and short-term trades. Consequently, I have divided this report into four areas: The Main Portfolio, Airdrops, Staking, and Short-Term Trades.
The Main Portfolio
A loss of $488.93 over the latest two-month period.
Here are the essential stats for 16 months:
Acquisition Cost: $1160.14 (Completed on February 11th, 2021)
Minimum Bank: $428.9 (June 18th, 2022)
Maximum Bank: $2197.55 (May 10th, 2021)
Number of Profitable Months: 7/16
Number of Crypto coins in the portfolio: 17 (includes one stable coin)
Current Bank: $455.45 (June 30th, 2022)
Profit/Loss Since Acquisition: -$704.69
Return on Bank since Acquisition: -60.7 %
The graph below shows the daily value of the portfolio from March 1st, 2021 through June 30th, 2022:
The values each day are Noon amounts.
Airdrops
Another new potential airdrop was advised, which I initiated bringing my expenditure on airdrop preparations to $160.00.
Staking
A total of ten coins are currently being staked plus an additional four minor coins (outside of the main portfolio) associated with airdrops. I will be reporting on the outcome of such staking in two months’ time.
Short Term Trades
None were reproducible or appropriate for my portfolio contents in this period
The next update will be in two months.
To put the longer-term prospects of crypto into perspective, check out the image below which shows the value of Bitcoin (BTC) over the last eleven years. The y-axis is the Log scale of USD. As can be seen, BTC has wrongly been declared dead and only a bubble on previous occasions. As BTC rises, Ethereum surely follows along with other ALT crypto coins.
The bear market is in fact an opportunity to purchase crypto coins at a great value.
MIni Glossary:
Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption.
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference like the U.S. dollar.
Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. Staking can be a great way to use your crypto to generate passive income especially because some cryptocurrencies offer high-interest rates for staking.
