Bear market update - My Journey into Crypto

LDR: Total PNL -34.56%|Holdings: BTC, ETH, BNB, SOL, ADA, DOGE, XRP, LUNC, LUNA

Market Delta starting 15th December 2021: -58,90%

Sentiment: Will the FED pivot? DXY still high, what will the unemployment rate be? and global politics still not stable.

Dear Diary

So the 15th of December I started my journey into crypto.

Because I did not have the funds to go in lump sum, I will follow the strategy which I described in my original post.

So to sum it up:

- Monthly deposit to exchanges;

- DCA 80% of deposit weekly over top 5 Mcap;

- Allocate 20% to Buy the Dip;

- Stake holdings on exchange;

- Investment horizon 5 years;

- Dip defined as minimal 8% drop on 24H time frame.

- For DCA I will also look into the Fear and Greed index. DCA more when the market is in fear, DCA less when in greed.

- For the meme I also DCA a bit into DOGE... :)

- ADJUSTMENT-

I have started to buy the dip a bit more aggressively. As we come deeper in the Bear market I decided it was time to push my average cost down a bit more. Also once I have started to buy a coin in the top five I keep DCA into it. I stop when they exit the top 10 excluding stable coins.

Now to update where do I stand and what are the results up till now

So to measure performance, I will look at what this strategy has done compared to a lump sum investment at my starting point on the 15th of December.

UPDATE

Must admit I had FOMO...made a gamble on Luna....probably a stupid one.....I'll keep it and take it as a lesson learned.....Stick to the F$#@%$* plan!!!

I have adjusted my strategy a bit. I am upping my investment in BTC and ETH compared to alts.

UPDATE 19-9-2022

Heavy on BTC and ETH.

UPDATE 28-9-2022

Implement flexible DCA day and time. When pump postpone DCA in bear market.

UPDATE 7-10-2022

Starting to look like a very good time to accumulate. Still wondering if there is going to be another drop. Hold off on DCA this week, due to unemployment rates release in the US today and FOMC minutes next week.

BTC:

- 15th $48900,-

- Now $19,983.97

- My average $27,005.93

ETH:

- 15th $4021,-

- Now $1,354.36

- My average $1,825.05

ADA:

- 15th $1.31

- Now $0.427814

- My average $0.769349

BNB

- 15th $540

- Now $284.07

- My average $370.18

SOL

- 15th $178

- Now $33.28

- My average $66.99

DOGE

- 15th $0.1808

- Now $0.060223

- My average $0.063364

LUNA CLASSIC

- 8th March 2022 $ 83.08

- Now $0.00029446

- My average $0.00441787

XRP

- 15th Feb 2022 $ 0.837631

- Now $0.490750

- My average $0.483297

LUNA

- Airdrop

- Now $2.50

- My average $0

Total PNL -34.56%

So as you all can see some have worked out better then the others.

But IMO it is very interesting that we are in a downtrend combined with this strategy.

Will try to keep you all updated once in a while on how it is performing.

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