The crypto bull market is over for me. ETHZilla & Sequan as crypto treasuries reduce holdings and prefer to buy back shares, as this is more worthwhile due to mNAV<1. Metaplanet is also starting to buy back shares. I am out with the last small $BTC (+0,26%) -remainder out now too.
The last proceeds from the buy-in and price gain were immediately invested in a position in my crypto follow-on portfolio. $BATS (+0,45%) I am looking forward to an increase.
All in all, I was perhaps a little too greedy and should have exited earlier. But what the heck. I went home with a really good profit. I couldn't have imagined that in 2022 when I started the strategy.
All in all, I was perhaps a little too greedy and should have exited earlier. But what the heck. I went home with a really good profit. I couldn't have imagined that in 2022 when I started the strategy.
And what if there's another new ATH? It doesn't matter, that doesn't make any difference to me. Greed is a bitch. Those who get in now will pay those who get out. That's the problem with crypto: it's a zero-sum game. I'd rather stick with my shares, where there are real value-creating companies behind them.🤗
Now it's time to wait and see. My formula for calculating where the ATH might be missed it by $1000. I think that's pretty good, don't you? Even if it goes up to 130K again.... No longer relevant for me.
That's my rational approach to estimating the low in the bear market. If we get close, I will start buying via DCA, financed by dividends from the crypto successor portfolio, because parking in stable coins is not an option for me for this period, it means a loss of purchasing power. 1 year before the end of 2029, if the tax situation remains as it is, I will stop buying and then get out again tax-free.
Only the person with the crystal ball in Delphi knows whether the strategy will continue to work out in the future or whether I will change my mind. 🔮
