It has been a while, but there was not much to say except that it was a long continuous sale. I stand by my strategy to lean back and accumulate via DCA. When the greed will take up again - I will cash out some profits for further diversification with free money.
Because I was asked many times about the SwissWolf Core Index and what it represents I promised to explain it here, so everybody has the same information. It is a sample portfolio and represents only a tiny fraction of my crypto holdings. It consists of the coins and tokens that are available on the ICONOMI platform that I invest in. I use the index to dump profits for crypto diversification if I have not a specific investment to pursue, but want to leave the profit in crypto. Otherwise I would move the profits into other markets, like stocks, ETFs, commodities etc.. I do also try to mitigate project and platform risks, which is why I use different brokers and exchanges.
As stated before I am not a trader, rather an investor, therefore the index is passive managed. I could gain some excellent returns in the last few weeks, but as I focused on reinvesting those, because some excellent opportunities arised, I had no profits to dump into the index. As I expect to navigate some rough waters in the financial market as a whole I also urge you to consider diversification for the purpose of capital preservation or at least give it some tought. Only then you will have the option to profit further should some turbulences occure as can be expected. A good cash or equivalent position will give you that choice. I am a big fan of crypto and consider it an asset, but we must also remember that the market is young and must still find its rightful place within the financial ecosystem. It also has to proof its long term resistance against inflation and market crashes or stagnation tends to happen also in the crypto market. These tend to be delayed, compared the rest of the $BTC and $ETH are the two most prominent watched by wales and institutions for profit under these conditions. It is therefore the intent of information like this to educate people and to grow a better, sustainable and stronger crypto community. So that more people are able to make there own profitable choices within a healthy and successful market as a whole to profit and prosper.
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Have a nice and profitable day
SwissWolf Alpha - out