Alright, Ben.
Week 9!
Yeah. Week 9.
Guys, here's what we're talking about here.
This is a very important word.
Patience
I know it's boring for me to come on here every single week
and say we haven't done much with the portfolio.
We did make the change last week where we switched out FTT and Solana
for Algorand and HBAR in our $25K portfolio.
I thought that was a good move.
Obviously, XRP stuff is going well.
And ironically,
right now, we have five portfolios,
the only one that is up is the ISO 20022 portfolio
thanks in large part to Algorand and XRP that have been doing very well lately.
But, guys, right now, we have lost money.
Lost money.
I don't mean that, you know,
"Hey, I left a $20 bill in a coat pocket. I don't know where it is."
I don't mean
"Hey, I accidentally have, you know, $200,000 in a crypto wallet I didn't know I had."
That's happened to me.
That's bull run stuff.
What we're talking about now is we are down.
We are negative now.
We are negative.
Now, it's okay.
It's okay to be negative.
And I think this is a very important lesson for a lot of people
because you get in crypto,
you come in at the wrong time,
you start losing,
and you feel bad about it,
and it's like,
you know, what can you do?
Well, I'm going to go right back to this.
You can be patient.
And that's what we're going to do.
I've told you guys a lot of times, throughout this series,
I'm not going to make moves based on simply just making moves.
I'm going to make moves when it makes sense,
when it's smart.
Now, I certainly could have sold XRP for profits in these portfolios
when it was up significantly higher than it is now.
It got all the way up to 55¢.
But, you know, I'm going to make moves more on the macro for this.
Now, if the dollar amount was bigger,
and we had enough profit to take off to put in another coin,
then I probably would have done it.
But we're running with very small amounts in this portfolio
because we're keeping a lot of dry powder.
What is dry powder?
These are stablecoins.
You can tell I do finance for a living.
Not an official financial advisor capacity, of course.
This is what you want to have to decide ready to roll out
when you are going to be able to, you know, start buying more assets.
Except for our DCA,
which I'll show you that in a second as well,
and our ISO 20022 portfolio,
the rest of them, we've got a ton of stablecoins.
For the ISO 20022,
which we did a poll--
that's how most people want to pronounce,
so that's how I'm going to say it.
For these coins, we filled up that portfolio immediately.
We didn't worry about dollar-cost averaging in.
We don't care if the prices drop.
It is what it is.
But what I want to go over with you guys right now is I want to go over
what all of our portfolios look like,
and we're also going to add in my DCA portfolio.
I'm going to talk about that a little bit.
$100 a day into Ethereum and $50 a day into Cardano
I'm going to show you what that is looking like.
So in our $25K portfolio,
right now, we are sitting at $23,151.96.
So we're down about almost $2,000.
In our $10K portfolio,
we are sitting at $9,270.69.
So we're down about $730 approximately.
Then we have our $1K portfolio.
Our $1K portfolio,
we are at $921.54.
So we're down about $80, you know, $89-- or $79, somewhere around there.
Now, let's look real quick at our ISO 20022 portfolio.
And that was a $5K portfolio.
$5K
We are sitting at $5,424.22.
So we are up $424.22 in this portfolio.
So that's pretty good.
I can tell you,
these are coins we're going to go real hard on in the bull run.
These are coins we're going to go real hard on the bull run.
If Bitcoin does drop to where we think it will drop,
we could see this go back into the negative.
But once again, remember, patience.
I also want to talk about my DCA portfolio.
That is $100 per day ETH, and it is $50 per day ADA.
So, where do we stand with that?
Well, so far, we've had 7 days of DCA.
We had a couple of failed transactions not because I'm poor.
Just for whatever reason, sometimes they don't work.
They go through in the middle of the night.
They work. They do not. They don't.
I have 11 days so far for Ethereum.
So, where are we coming at with that?
Well, for Ethereum,
so we should have $1,100 now.
$1,100 for Ethereum.
We have $1,093.99.
And then for Cardano,
we should have $350.
We have $338.47.
And you may look at this and you may say,
"Man, Ben, I thought you were good at crypto.
I thought you were good.
You're down -$12 here,
$7 here,
$79 here,
$730 here.
Over here, oh my gosh, you're down $1,849.
There's a lot of negatives!
A lot of negatives."
Guys, it's all about patience.
It's all about patience.
When you look at these, you may say, "Man, you're losing money!"
It's a calculated risk.
We knew when we put 30-40% of our portfolios into play here,
during a bear market, where Bitcoin has most likely not seen the bottom,
we knew these prices would probably drop.
But what if they didn't?
What if Bitcoin had found a bottom and bounced?
There are plenty of people out there that believe that it already has bottomed.
You want to calculate that risk.
It's risk versus reward.
Risk versus reward.
So what that means is,
we took the calculated risk.
Our reward has not been great.
But if it had gone the other way,
then we would have been in a really, really good position.
I'm not worried about any of these portfolios.
I'll tell you the one I'm watching the most.
What I'm watching the most is this DCA portfolio.
I think that DCA portfolio is going to do really well at these numbers,
$100 a day in Ethereum, $50 a day in Cardano.
And, of course, obviously, I told you,
we're going to go hard on all these ISO 20022 coins,
which we included Ethereum
because there are rumors it might be included there.
Maybe it won't be,
but we're going to go off of those rumors.
So the word of the day, guys, is patience.
I know it's not cool for me to come on every weekend
and say we didn't do anything,
but we're not going to force moves.
That's extremely important in this market.
So that's all I got for today.
Who knows?
Maybe Bitcoin will bottom.
I can do something next week.
BitBoy out.