1Settimana·

What to do with DeFI Tech?

$$DEFI (-12,26%) is dragging on my portfolio significantly. My entire portfolio YTD gain is now effectively zero, as I over-invested in $DEFI (-12,26%) (-27%.curremtly) and wondering if it makes sense to cut my losses before their earnings? The fundementals seem ok, but it also seems a gamble with this small cap.

What would you do?

6 Commenti

doyoueventradebro@doyoueventradebro

1Settimana

i sold my position a couple weeks ago with a hefty loss in order to reinvest. defi tech only knows ine direction right now

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UliB@UliB

1Settimana

@Tenbagger2024 What is your current assessment of the situation? Do you have any new information? 🙏

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Tenbagger2024@Tenbagger2024

1Settimana

@UliB
Bitcoin was down 16% in the month. That pulls Defi down enormously. I can't find anything negative in the news. Bitcoin has to perform first

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UliB@UliB

1Settimana

@Tenbagger2024 That's what I thought. "Reassuring" that you see it that way too . 😉

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Tenbagger2024@Tenbagger2024

1Settimana

@UliB
Yes, unfortunately. I had really expected Bitcoin to perform better at the end of the year. I think an end to the shit down could still cause some movement. And it is uncertain whether the interest rate cut will come in December

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Tenbagger2024@Tenbagger2024

1Settimana

@UliB
$COIN has also lost almost 20 % on a monthly basis. I therefore see the problem more in the sector

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