Welcome to BitBoy Crypto!
My name is Ben.
Today, we're going to be taking a look at our portfolio,
which is down about 10% over the last week.
Maybe not quite that much, but it is not doing great.
Why?
We just had Bitcoin dump over the last few days,
and obviously that affects the numbers.
But we're going to go ahead and take a look at how you go about deciding
what to do when you've got profits,
how we could have prevented the situation that we're in right now.
We're--
yes, granted the price is going to go back up and, yes, we are up overall in the portfolio,
but could we have handled last week a little bit better?
Well, let's take a look.
So let's go ahead and check out. Here we go with our dashboard.
As of right now, overall, we are up 3.71%, $3,132 on all of our portfolios combined.
So if you break these down, you go over here to our wallets,
you'll see that our $25K portfolio is sitting at $26,286,
$10K is $11,500,
our ISO is at $5,540,
and then our $1,000 portfolio.
Now, this is where you get pretty interesting stuff
because in our $1,000 portfolio, we're actually down,
which is quite interesting.
Now, one of the reasons why is because with a $1,000 portfolio,
you're just not going to be able to diversify that much.
So what that means,
you're really counting on some big wins to be able to propel you forward.
With a $1,000 portfolio, you can't afford a lot of loss.
So you've got to go with really solid coins and really solid picks.
So we've got Ethereum, Cardano, Algorand, Polygon, ICP, XRP and SAND.
Well, these are great performing coins over the long term.
However, look at ICP.
I think we bought $100 of that when we bought it.
We made $32.
It's a 32% pump that it's had since we bought it,
but it's only up $32.
And you start to understand compound capital,
how that affects things.
When you've only--
when you're only starting with $1,000,
yes, you can overnight make it 10X.
It happens.
But to do that, you've got to put money in small speculative coins
that are more likely to go to zero than 10X.
So because of that, with the $1,000 portfolio,
this to me is the biggest challenge.
We want to see what's going to happen with this over the next 6, 12, 18, 24 months.
That's what we're really looking to see.
We're not going to do that many moves in this portfolio
because if you've got a 10% gain,
well, you have a little bit of a fee when you do your trade to get out and take profits,
and it's just not really worth it. It's better to just hold at this point.
So that's what we're going to do in this portfolio.
We won't be making any changes to this one today.
And it's interesting that the rest are up and it's actually down $16.
And you can see right now we have Polygon, Optimism, ICP, Algorand, Aptos.
These are our biggest winners over the last couple of months.
So when you're deciding whether you want to make moves or not,
I've got everything ranked by the day.
What we should have done last week is when all the prices were up in the green,
we should have done what we're doing right now.
The issue was I was traveling.
And you know what? That's a part of your trading life.
That's a part of crypto.
I was traveling.
I was at Crypto Lifer's house.
And so I probably didn't make the optimum move that we should have made.
The move we should have made last week is we should have came here to our crypto assets
and ranked them by day instead of by all time.
When you rank them by day,
what you'll see here is Algorand got crushed today.
Cardano, crushed.
Optimism, crushed.
Hedera's up.
Now, Hedera's our only coin that's in the green today.
So quite interesting.
What that means is if we were to make a move in any of our portfolios, okay?
We would go here to wallets.
HBAR: $754 worth in the $25K
ISO 20022
Here, we've got $491.
This is--
even after this pump today for HBAR,
it's overall down in our portfolio.
So that's not something you want to take profits on.
You don't take profits on something that you're overall down on.
So, in this portfolio, we would not be doing anything with HBAR.
Then we go over to our $25K portfolio,
and you say,
"Okay. We've got $580 worth of HBAR, is what we have there."
So we're up $139 in a $25,000 portfolio.
Does that really make sense to take profits at that point?
Now, we've really backed ourselves into a corner here for this week.
Remember, we only have one coin in the green today.
So because of that,
we just don't have a lot of options.
You don't want to buy--
you don't want to sell in the red and buy in the green.
You want to sell in the green and buy in the red.
So if we would have done this last week,
we would have seen this would have been quite a different story.
Everything would have been in the green.
We could have some freedom to take some profits and move some things around
from things that have performed super well to things that haven't performed as much.
Because when you go here and you look at the all time returns,
what you're going to find is that a lot of these assets, okay,
they're going to even out.
We're down 5.7% on XRP overall.
We are down 6% overall on Ethereum.
Do we think that's going to be the end of the story?
That by the time we get into this bull run that Ethereum is going to be overall down?
No, it's going to be up.
So when you take profits from something like Algorand or Optimism or Polygon or ICP,
what you're doing is you're taking advantage of pumps
and then you're also taking advantage of coins that are not great performers in the short term
that we think long term will be.
What you're doing is you're saying,
"This one's on the roller coaster up.
It's on the way up.
We want to sell when it's on the way up before it crashes back down to the mean."
That's the only way you're going to take a portfolio
and get more than, let's say, more than the average return from the bull run.
So if the average return for Bitcoin in this next bull run is 100%,
then the only way you're going to make more than 100% with Bitcoin
is if you're moving those assets around based on how they're doing.
But I think something really important to think about is the psychological effect of these markets.
Last week, we're up $8,000 overall.
We're up like 20% after being down for months.
We're up 20% overall.
And we're celebrating,
and we just get caught up in,
"Oh, the price is going up! This is amazing! We're up!"
But those are the moments we've got to take a pause and do something different
because you fast forward one week,
you're still in a good spot.
We're still up.
We're still up 5% overall in the portfolio, or 10%, whatever it may be.
But the fact is, today, we're backed in a corner we don't really have any moves we can make.
So the point is,
make sure when coins are pumping, you're taking advantage of it
because on days like this, when things are red,
you don't have a lot of options.
Alright, guys. Really excited to see what's going to happen in the next week.
You know?
We'll see what happens for Bitcoin.
We'll see what happens for the portfolio.
We'll be back.
That's all I got.
Be blessed. BitBoy out.