BitBoy Crypto’s Ben takes viewers through his portfolio, noting that they are almost back at breakeven with $40,380 across the portfolios, despite investing at a time that was not optimal. He notes that they started adding to the portfolio when the market was around $15,000 and believes they have already hit the bottom. Top coins in the portfolio include Algorand, down 1% after dropping 95%, and ICP, up 33%. Despite NEAR Protocol and The Sandbox crushing the portfolio, Ben is excited about the potential of Hedera and plans to allocate $1,000 of USDC to HBAR.
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Welcome to BitBoy Crypto!
My name is Ben and today we’re going to be taking a look at our portfolios we do every single Friday.
The Numbers to Pay Attention To
We’ve already told you guys, ignore these numbers over here. We had some Tether transactions we did in this account at some point, so it’s made these numbers off. But here’s the number to pay attention to. $40,380 Now, this is pivotal. Why is this pivotal?
The Importance of Breakeven
We are so close to being back at breakeven. Between our portfolios, we had a total of $41,000 we put in. Now, we started putting money in at a time that we said it probably wasn’t the best time to put it in.
Choosing the Right Time to Invest
But we want to go ahead and start tracking this portfolio in the bear market. Now, if you listened to what we said last week, last week, I told you, “Well, you know what? We’re going to go and apply most of our USDC at this point Because we feel like the market has already bottomed,” and this week is bearing that out. It looks like we’ve already bottomed as of last week.
The Resilience of Our Portfolio
A couple things I want to point out to you guys here, No. 1 here, you can see this is when we started adding to our portfolio, and we’ve been about breakeven ever since, which is good, especially if you consider– I want you to think about this. From October to now, the market had been absolutely crushed in November and December. And now it came back up. Look how well our portfolio held up during that time of absolute crash. It’s a pretty solid portfolio, if you, you know, if you ask me.
Individual Portfolio Analysis
We’re going to take a look at the individual portfolios, but I want to point out a couple of things here about our top coins here that we have. No. 1, Algorand. Now, Algorand was down 95% at the bottom.
The Importance of Choosing the Right Coin
What that shows you is that we did a really good job of choosing the times to put money into Algorand. So I think it’s going to be like a rubber band. Boom! Pop up. This is one of my top picks for the bull run. Of course, Ethereum. You can’t go wrong with Ethereum.
A Closer Look at the Portfolios
So looking down here, we’re down a little bit on XRP. Polygon (MATIC), of course, we’re up on. Optimism, another coin we took a flier on, and look at it. We’re up 9% on that as well. Chainlink, we’re down a little bit. Aptos, we’re up. Cosmos, we’re up 26%. Why are we up so much on Cosmos? Because we got it on a big dip. And so that’s very key.
Modifying Our Portfolios
Really looking forward to seeing how this is going to perform in the bull run. So looking at our $10K portfolio, we still have $700 worth of USDC here. We’re going to take $400. We’re going to add HBAR to this portfolio as well. So we’re going to make that change. Here’s our ISO 20022. This one is a game of adding things–of taking profits when things are up.
Conclusion
So that’s a look at our four crypto portfolios and how they’re doing. Like I said, overall, I’m very– I’m very happy about where we’re at Because, like I said, now, we’re only down $500. You can see the market is going up right now a little bit. In the last day, we’re up 3.16%. I expect some alts to pump this week. So let me know what you guys think. Do you guys think we’re making the right moves? What coins would you like to see in the portfolio? That’s all I got. Be blessed. BitBoy out.
