Crypto investor and YouTuber, BitBoy Crypto, is considering the possibility that the cryptocurrency market bottomed in June 2021. He believes there is a lot of data pointing to June being the capitulation point, although he still thinks there could be a further dip by the end of the month. He is deploying capital from his portfolios, which are now almost breakeven, and adding to his holdings in ETH, Cardano, XRP, and Polygon, which he believes will lead the next bull run. He is also considering Aptos, NEAR, and Quant, which are currently in the red, for strategic long-term investment opportunities.
Breaking Down BitBoy Crypto’s Portfolio Strategy
Yo! Welcome to BitBoy Crypto! My name is Ben. Today, we are going to be talking about our portfolio. Now, we’re going to make some moves today.
Why the Move?
Now, let me tell you why we’re going to make moves first and foremost, because this is very important. A couple of weeks ago, we were at $19,000, and I wasn’t ready to make a move. And now, Bitcoin’s at $20,500.
Is the Bottom Already In?
Now, it’s been here for about a couple of days. And there’s a good chance it goes back down still, in my opinion. However, there’s a lot of data coming out, there’s a lot of things pointing to the fact that maybe June was a capitulation. Maybe that was the bottom. I’m still sticking with I think we’re still going to bottom by the end of this month. However, for the very, very, very first time in this entire bear market, I’m considering that maybe we already bottomed. Potentially. Potentially. This still would fit around the idea of the 4-year cycle.
The False Top Theory
Now, what happens, basically, you know, in between, you know, 12-14 months after peak, you get bottom, okay? Now, here’s what’s interesting here. So, when you look back and you look at November, okay? November, I think it was 11th, that will put the bottom sometime in between November and January. This will be November 2022. This will be January 2023. Okay? However, if you remember the way things happen, we had this big spike for Bitcoin, and then it went down. It just spiked up slightly above. This was $69K. This was $64K.
So here’s what we’re going to be doing with our portfolio.The $1,000 portfolio, basically, what we want to do is we want to deploy. We have $650 on the sidelines. So we’re going to deploy $250 of that, I think. With our $10,000 portfolio, we are now up on Optimism. We bought $500 worth. It’s at $521 right now. And we already have Polygon. So, what does this mean we do now? Now, we start looking for coins to add strategically. We’re going to go ahead, and we’re going to add a combination of these three coins to both our $10,000 and our $25,000 portfolios.
In conclusion, BitBoy Crypto believes that the market has bottomed but is still investing in coins with the expectation that it will drop again. The portfolio strategy includes adding coins strategically and deploying a portion of the sidelined capital to take advantage of any potential opportunities.