Wednesday, January 13, 2021

Correction, what to do?

The market correction is a welcomed one, too much upward trajectory without correction won't be realistic and if you have been in crypto for a while, you would be used to the corrections.. Given the volatility of crypto I've seen in the past few years, some perspectives need to be adopted so that one can be zen. So when I posted 5 days ago, that particular portfolio then was showing 3427% return based on less than 18 months time horizon. Today, with the correction, it is showing 3057%. Of course I had a much lower entry point 18 months ago, but unless I'm looking to exit at this point, the swings in the prices are just noise to me until my targeted price points are met.




We are still very early in this new cycle so my own personal opinion here is that this correction will allow one to take some nibbles of BTC or ETH. If you have been sitting on the sides and watching the crypto show, this might be the time to buy. How much to buy? That's up to you and your risk appetite. I'm targeting to buy some once ETH breaks $1,000 and Liquid limit function allows me to do that. I hope tomorrow when I wake up, my orders will get hit.

At roughly $1062 an ETH now vs $34k a BTC at the time of my writing this, it's probably easier to set aside $1k to buy a whole ETH vs $34k a whole BTC. 

Come this weekend, I will post about how to earn interests on your crypto based on my own experiences....it's almost weekend, hang in there!

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Correction, what to do?

The market correction is a welcomed one, too much upward trajectory without correction won't be realistic and if you have been in crypto...