My Portfolio Update (Patreon)

Summary

In this video, the creator offers a transparent look into his cryptocurrency portfolio, valued at $287,000, detailing his diversification strategy amidst a downtrend in the altcoin market. He discusses his holdings, including significant investments in CIVIC and AX, and his approach to managing risk by spreading investments across various projects. The creator also shares his experience of living off crypto, the importance of having a cash reserve, and his anticipation for the market's recovery. He candidly discusses his losses from pre-sales and private investments, emphasizing the importance of a balanced portfolio and a long-term perspective.

Takeaways

• 📉 The speaker's portfolio has experienced a significant downturn along with the altcoin market, which has dropped 48% since March.
• 💼 The speaker emphasizes the importance of portfolio diversification to mitigate risks, especially in a down market.
• 🤔 The speaker admits to being heavily invested in one particular coin (cify) and has taken steps to reduce this exposure.
• 💰 The speaker's main portfolio is currently valued at around $287,000, down from a higher amount previously.
• 🚀 The speaker is focusing on a strategy to grow the portfolio by reallocating funds and adding to it over time.
• 🌐 The speaker has a significant portion of their portfolio in various cryptocurrencies, not just the top 125 coins.
• 📉 The speaker discusses the performance of different cryptocurrencies against Ethereum and Bitcoin, noting that some have performed better than others.
• 💸 The speaker has a cash reserve that makes up around 18-20% of their total portfolio, which they see as a buffer against market volatility.
• 📉 The speaker acknowledges making some poor timing decisions with certain low-cap investments, but remains optimistic about their potential.
• 🌱 The speaker is actively looking to reshuffle their portfolio, taking profits from some investments to reinvest in others with better prospects.

Q & A

What is the main focus of the video?

The main focus of the video is to provide a portfolio update, including not only the content of the portfolio but also the strategy behind diversification to mitigate risks.

How has the altcoin market been performing since March according to the speaker?

The altcoin market has been in a heavy downtrend since March, with everything outside of the top 10, including the top 125, being down by 48%.

What is the current value of the speaker's main portfolio?

The speaker's main portfolio is currently valued at around $287,000.

What is the speaker's strategy for managing their crypto investments?

The speaker's strategy involves having money in different places, slowly adding to the main portfolio, and not being overexposed to a single coin to reduce risk.

How many coins in the speaker's portfolio are in the top 125?

The speaker has around 10 coins in their portfolio that are in the top 125.

What is the speaker's stance on CIVIC (CIFY)?

The speaker is very bullish on CIFY, having significantly reduced their holdings to avoid overexposure but still maintaining a large position and believing in the project.

What is the speaker's opinion on Axie Infinity (AXS)?

The speaker views AXS as a very good second place in their portfolio, indicating a positive outlook on the project.

How does the speaker feel about their current portfolio diversification?

The speaker feels that their portfolio is well-diversified, with a significant portion in crypto and a cash reserve for potential market downturns.

What is the speaker's approach to managing their pre-sales and ICO investments?

The speaker is actively managing their pre-sales and ICO investments, aiming to sell when in profit and reinvest in more stable coins to avoid being affected by heavy vesting schedules of new projects.

What is the speaker's overall sentiment towards the current state of the crypto market?

The speaker is optimistic about the crypto market despite the current downturn, expressing belief and commitment to the space.

What is the speaker's target return on investment for the end of the bull market?

The speaker aims for at least a 4X return on their investments by the end of the bull market.