Welcome to BitBoy Crypto!
My name is Ben.
Today, we're going to be covering our portfolio video.
We're going to make a few moves today.
I'm going to explain why.
Right now, as you guys can see, we're down 12.3%.
Eh! Not really that big of a deal.
We're down $10,000 on these four portfolios that we're using.
I'm not concerned at all about it because the market is down.
And, you know, when we started this portfolio series,
we told you at that time we were doing this to show you guys the moves we would be making
if we were running these portfolios, which we are running these portfolios for this.
These are real dollar amounts that are in here.
But I said at the time,
there might be a better time to jump in,
but we wanted to start this series, so it's fine, guys.
If you were down only 12% on this bear market,
wouldn't you be okay with it?
I think you would be at this point.
So, what we're going to do is we're going to check out our wallets here,
and we're going to be making a couple changes to these.
Let's start here with our $25,000 portfolio.
That's down to $18,467.
Now, we have most of our capital deployed.
We are--
we have $2,500 still in USDC.
We're going to hold on to this for now.
Actually, I'm going to move a little bit of it.
What we're going to do, we're going to take $500,
and we're going to move that into ALGO
because I just think ALGO is such a good freaking buy right now.
It's down like 95%, similar to Solana.
It doesn't have the problem Solana has.
If you have noticed, Jeremy Hogan from the XRP Army,
a high power attorney over there,
he actually just put out Gary Gensler talking about what a good friend Sylvio Micali is
from Algorand.
Probably no chance they're getting targeted by the SEC.
It gives you a little bit more confidence.
So let's go and move $500 into ALGO.
Here's what we're going to do.
We're going to get out of BNB.
Why are we getting out of BNB?
Is it because I don't have faith in Binance?
No.
It's because exchange tokens right now are not where I believe you should have your money.
We saw with the FTT debacle how fast they can implode.
I think BNB is probably fairly safe compared to FTT,
but I just think there's going to be so much FUD.
FTT was called a security in a lawsuit by the SEC against Sam Bankman-Fried and Caroline and FTX.
So, because of that,
I think it's just better.
BNB has held extremely well.
It's been one of our better performers in this portfolio.
Right now, before it might start cascading,
I'm going to want to get out of BNB.
We are going to take that BNB, that $600,
and we are going to put that into Cardano, into ADA,
because what a great buy ADA is right now sitting at 24¢.
So we're going to put that $600 here into ADA.
It's going to give us $1,500 worth of ADA in this portfolio.
We're going to take the other $500.
We're going to put in an ALGO.
It's going to put us at $2,800 total for ALGO.
Now, $10K portfolio,
we're not going to really be doing anything different here.
We do have some USDC.
Let's go ahead. We don't have any ALGO in this portfolio right now,
so let's actually go ahead and take--
let's take $300 out of that $1,000 and let's put that over to ALGO.
So we're going to put $300 from this portfolio in.
We're running really short on USDC,
but I'm looking at some of these coins here,
and I'm saying, "Man, they're just--"
they seem to be good buys right now,
and I don't have any exposure to ALGO right now in this portfolio.
Then we're going to move down to our $1K portfolio.
I'm not going to do anything different in this portfolio.
We're going to keep everything just the exact same.
In a $1,000 portfolio, you have a very small margin of error,
so we are going to honor that and keep all that $100 that we have in USDC here.
Now, let's talk about this.
Let's talk about our KuCoin portfolio here.
This is a $5,000 portfolio,
that has held relatively well compared to some of the others.
It's only down about 10%.
And we have $1,000 in USDC here.
Now, the point of this portfolio is to keep everything in these assets.
We're not approaching this the same way that we approach
trying to keep capital for the other three.
So what we're going to do here is I'm going to go ahead and split this $1,000
between ALGO and ADA.
So we're going to be increasing these both $500,
and we're going to have no USDC in this portfolio.
The strategy with this portfolio is when we finally start getting some pumps with some of these coins,
like we did with ALGO at some point earlier in the past,
or maybe it was QNT that--
I think it was QNT that pumped real big.
What we're going to do is we're going to be splitting those profits between other coins.
So, right now, we're going to be looking for a move,
and then we're going to take profits,
and then we're going to reapply down to some of these that we don't have very much into.
So what we're going to be doing right now, we're going to take $1,000.
We're going to put $500 in ALGO and $500 in ADA,
and we're going to see what we can do with this portfolio.
So I hope you guys enjoy this series.
If you do, make sure to smash that like button.
Subscribe to the channel.
Don't forget these digital whiteboards.
We have a link down below in the description if you want to check these out.
DTEN is the name of the company.
They gave us these for free to show off.
As you guys can see, they are killer.
That's all I got.
Be blessed.
BitBoy out.