I stepped on my ego and completely rebuilt my portfolio

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I'm quite new to investing, I admit that. I was pretty much my entire life the type living on a day job, always saving, never owned a business and for quite some long time didn't even had the courage to envision myself as a freelancer/entrepreneur, or whatever you call it. Let alone an investor...

Cryptocurrencies have been my first dive into trying to make money work for me and the type of assets that are still educating myself in becoming a good investor. So far it has worked pretty well. I have managed to take out my initial investment out of crypto a few months ago, thanks to some good trades over time, and whatever's left in my wallet now is just profits waiting for a 10x, to say the least, for this bull market.

10x from here might be too much for some folks poor vision, especially when we look at BTC and where it stands, but if you pay attention to its chart you'll notice that it's done a 10x in less than a year after the halving, despite the pandemic and the world crisis.

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What's caught my attention even more is ETH. Yep, the good old Russian flavor cryptocurrency that has a blockchain build for everything, and quite spicy gas fees lately, has just scored a new ATH of $1,459.93 today. It's token price appreciation since the launch of the blockchain, over 5 years ago is massive: 330,910%. What other asset would get one such ROI over 5 years... Definitely not gold.

I don't own ETH because I was too dumb to sell it way before it started climbing in a rush, when I was thinking that diversifying my portfolio with all sort of other shitcoins would benefit me more. Wrong. Dumb decision. It hasn't made any miracles, but the way I see it, it's better to acknowledge a poor investment and get out of it moving the capital towards a better one than to stubbornly hold on to egoic mindsets.

Most of my portfolio till a few days ago was LTC and some other shitcoins like DGB for example. These will probably do good during this bull market as well, but I feel like they lag alot behind the trend and the new tech getting a lot of hype this year. It's not 2017 anymore, crypto has changed by a lot, there are new crypto tendencies, investors and mindsets are different as well and 2021's hype is DEFI after all.

In 2017 we have had ICOs which have made some people around here a lot of money and now it's time for DEFI. I don't fully understand DEFI and I'm not actively involved in any sort of project as such, but I get the hype, I see the movements and where funds are directed towards and tbh DEFI projects do get a lot of all of these for quite some time now. I should have pulled my money out of my previous holdings and buy DEFI tokens many months ago, but I didn't...

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I guess now it's not too late either. Hence I have invested about 75% of my portfolio in UNI(Uniswap). From what I've researched lately it seems to be one of the best candidates for massive price run ups this bull market and the development for this DEFI space seems to also be in full swing which is on UNI's benefit. I bought most of my coins about two days ago at a $9.5 per coin price average and now UNI is a bit over $11.

It might get to $5 in the next weeks or months, I don't care and I'm prepared for everything. All I know it's that I am 100% confident of this investment to be a good one and it's clearly brewing for a 10-30x from where it stands during this bull market. Just so you know, ETH was around $10 in January 2017, after a long time around a few bucks, and it got to a whopping $1,400 by the end of the bull market.

UNI is not ETH, but DEXes and DEFIs are an essential leap forward in the ctypto industry and somehow the hype is legit. Probably some of such project are completely bullshit, I don't know about that. I do know that UNI seems legit and I see a lot of potential in it. I wished I would have bought it when it was just $2, but regrets are too late now. $10 doesn't feel much either for the perspective it has during a bull market.

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I'm betting a lot on retail investors to pump my bags and if you bother to google what's the best cryptos to invest in 2021 you'll see UNI on almost every shilling list. The other one that lays in my wallet now next to UNI, but weighing less than UNI is XTZ. I bought it out of pure intuition and speculation. Quite a few voices in crypto are calling XTZ to be following LINK in price movements and I like what LINK's doing on the market for many months now. Hope XTZ will follow suit.

I feel like I'm now sitting comfortably in the bull market roller coaster train and highly excited about 2021. It will be a double-edged sword for sure. At the end of it I will either call it a life changing year, or my best financial teacher so far. Interesting and pleasant times to be in crypto right now, right. Don't know how many do realize the massive impact and potential blockchain technology and crypto hold at this particular time in history.

Thanks for attention,
Adrian

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33 comments
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It hurts the more when you see how much you could have made better decisions especially Eth. I guess Eth took us all by surprise, to me it did even better than BTC

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Regrets are useless now. We have a whole year ahead that I consider to be very bullish and that's what's important.

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Yeah no need for the regret, I guess crypto opportunities never ends. This year can even be more massive.

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I told you this a few times already. But I think I should reminder to you again.

Don't go all in/all out from projects, it's better to DCA.
However, everyone has his own strategy, so in the end is up to you.

Slow money always wins in the long term, remember. Don't underestimate ETH and BTC.

(The real value of BTC is 'infinite' in the long term anyway).

Good luck! :)

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Thanks. Some gambling tendencies of mine seem to have an impact on investing as well. I don't underestimate ETH at all.

I consider that BTC and ETH deserve indeed their no.1 and 2 spot on the charts. I feel like there's a lot of potential in UNI though and consider that I picked it in its early stages.

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Just in case!

I agree that UNI has a long term very interesting potential. What I'm only saying is, let's say that you want to sell some. Don't do it a big chunk, sell 10-20% when you have the urge to sell (unless a black swan event or something catastrophic happens, of course) :)

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Agree 100%. I did FOMO I know, not planning on dumping all at once of course and I'll probably started DCA at around $100 per coin.

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Its good to admit where you messed up, tear it down and build it back stronger. I definitely have been through this. One day I looked at my portfolio and it hit me, why the hell was i so invested in little project like STEEM and HIVE. Dont over invest in these small caps like I did. To each there own but I dont think they should comprise, all small cap shit coins together, not more than 20% of one portfolio.

It's easy to drink the coolaid around here and take on unnecessary risk. UNI is legit, DOT is legit.. Have fun out there, best of luck with your portfolio 2.0.

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Thank you very much. Your comment comes as a missing puzzle piece to my post.

Different times require different investing strategies and I feel like DEFI is worth investing.

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I picked up some more XTZ myself the other day! There are some talks that institutions might start buying it so that might help the price as well. Plus you get rewards from it so that is cool too.

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Exactly. I have locked it as well for the rewards. Not planning to sell for at least 6 months. I've owned XTZ in the past, but didn't hold to it and now I bought almost the same amount with double the money. Lesson learned.

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Excellent post for me that I am a perfect newbie in the possession of a portfolio of cryptocurrencies. Trading seems stressful to me on the way to where I am, and age does not help me to bet on long-term investments. However, I would like to have a little fun in a virtual monopoly game with real effects.

However, I do not know if it is by intuition or by saturation of new information I am beginning to like Polkadot's project. Beyond the enormous capitalization that has been acquiring the main tab, and that will result in great profits for those who have them in their portfolios in the medium term. What attracts me is the purpose behind the technology that they develop towards interoperability between various blockchains. I think that a successful step in the evolution of web3.0. Although, to be frank, I do not see clearly if it will be aligned with the development of a parallel infrastructure that supersedes the current one.

Regarding DEFI, it sounds a lot lately. We'll see how it behaves. For now, the task is to learn as much about it as possible.

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I wouldn't trade this market tbh. I feel like investing is much more profitable. Regarding Polkadot I don't know much about it, but I do know it's creating waves on the market.

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diversify!!!!

i sold eth today, the small fraction that i had. i bought it for 90$ and sold it for 220$ Now, i will wait a few days and either buy again eth if the price dumps a bit or buy something else!

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Do not lauch much, this are my choices. Not everyone usual portfolio, i know, but i like to test a lot of crypto. On all that list, only CRO dissappointed me, because of their long term strategy, but i still have 2% profit on it.

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You have a good portfolio and quite a diversified one. I am more like a gambler and find myself quite often getting all in rather than spreading money upon multiple projects.

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I see you have cel, so are you holding most of your tokens on the cel platform and getting the % as well?

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it's great to re evaluate where you stand and it's great you can admit you may not have the best portfolio. Keep an open mind and get the best Yield you can get. Good for you !

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Thanks for you insights. Indeed helpful I am fully on hive. Just 2 months back I thought to get some ETH and BTC. Got 0.1 ETH and what I did is lock it in ETH 2.0 so I should never think of selling it. Going for a longer ride. :)

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There's different mindsets as there are people on earth and everyone should follow his own.

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I can't subscribe to you putting 75% of your eggs into any single basket, unless it's Bitcoin. I'm seeing a lot of DOT in the comments, and it's a winner: a layer 2 Ethereum killer with parachains and a killer test protocol in Kusama (KSM)... another winner. Other Polkadot darlings I like are ChainX (PCX) and Edgeware (EDG). And MantraDAO (OM) is a good value play for the next run, although it underperformed during this past one.

Value is tough to call in most cases right now. Stick with the fundamentals and pick what you believe in... then you can be less anxious about the short-term volatility.

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Changing is sometimes not easy, especially with such sensitive issues. However, sooner or later it happens to all of us.

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Sometimes it's needed to rebuild the portfolio. I've had some crypto for quite some time which was not moving at all, eventually sold most before it went up (I feel you!). No regrets though because I live and learn, as I also had quite a few lucky moments. The way I look at it now is simple: at least you made this tiny loss now, and not when things are really booming if all goes as predicted. This period is super fun (I have had a kickass start of the year) but also playtime a bit for me to learn more about the markets because I want to be prepared for when things really start booming :)

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We're just a few months away before that booming time imo.

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I hope you're right. Some say months, others say end of the year. I know that I'm super excited to see where crypto in general stands at the end of this year. I believe many people will have a good year when they've invested in crypto..

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