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  • Writer's pictureKaChinging

Monthly Portfolio Update: June 2021, how are you surviving?

Welcome to the bear market where token holders got their head chewed off and are either discussing strange topics or arguing about the current market state on CT. I had been holding off buying for a really long time just waiting for this crash to come.

Many prominent CT personalities have chosen to sit out or retire during these red times. Wish they have a good break. many thanks for all the alfa leeks! CT feels awfully quiet now but it is what it is... still gotta survive and try to make money.

Now for a portfolio snapshot.

Currently still in the green but perhaps not for long lol for prices might continue to move lower in the near future. Since market is going sideways at the moment, my plan for now is to buy blue chips at ATLs whenever possible then sell the bounce. If I'm wrong, I'll be happy to hold them for the long term. So far, it's working out.

A rookie mistake I made was buying too much too early but was able to bail out using DCA then sell high and reaccumulate at even lower prices. Thankful for the bounce lol.

Back to my portfolio, I made some significant changes:

  • Sold away ALPHA because CT were warning about it and the chart looked like it may really go to zero. True enough, ALPHA was leading in the red with almost -90% from ATH.

  • Accumulated the usual coins as well as some ETH and MATIC.

  • Hid away my stables because it is a pain to track. I swap them for another too often.

What's next?

Nothing much, I'll continue to slowly DCA since I have no clue what a market bottom looks like. If I were to guess, maybe the market would make lower highs and slowly narrow the price range? Short term traders who were in for the fast money grab would give up and be flushed out. Winter arrives, market activity becomes low.

I might be wrong though, more articles are talking about fresh institution money might enter or it might just be another form of copium lol.

Nonetheless, let's all try to survive the bear first :)

Disclaimer: The information listed here is accurate at the point of writing. I am not endorsed by any of the platforms mentioned here. It is strictly my personal opinion and should not be regarded as investment advice. Please do your own due diligence.

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