I have decided to rebalance purely into Bitcoin as I view it as the safest place to be right now to ride out the storm.
The Ethereal DeFi strategy is to focus on investments in the Decentralised Finance space.
I have decided to rebalance purely into Bitcoin as I view it as the safest place to be right now to ride out the storm.
Happy merge day everyone. Looks like the decision to purchase ETH a few months ago has been validated. Not selling anytime soon.
NP. Just checking for an update. Thx
@JumpDistributio still very much alive, we are running a conservative strategy and it hasn't made sense to make any changes.
Is this strategy still ongoing or has it been abandoned?
I have decided to re-enter the market with a 50/50 allocation of Bitcoin and Ethereum. We are around the 200 week moving average buy in prices that I flagged previously. If the situation goes south I'll revert back to cash again.
This is a hard entry FOMO got you but ok is there any news or something because macro is still not looking good ? Is your decision based just on the 200 WMA
Well things are looking pretty dire, inflation is out of control, centralised lending platforms are going bust, FOMC meets next week with the bad CPI print, QT ramps up to the full 95 billion in the next few months. I do not think the bottom is in yet. So we are staying in cash for the moment.
The 200 week moving average for Bitcoin is sitting at 22k and for Ethereum its at 1180. These are likely the ideal entry points back into the market assuming macro doesn't get worse.
.. and the macro got worse :/
In the meantime its a waiting game.
Still in cash. Waiting. What worries me is Quantitative Tightening from the Federal Reserve which is set to start in June and then ramp up over the coming months. Planning to wait to see how the market reacts to that before deciding whether to re-enter.
Still not seeing anything I like about this market right now. Staying in cash.
Holding tight here, not buying into this yet. I think its possible we could see 14k-20k for BTC and $1000 to $1400 for ETH. Macro looks shocking.
Holy shit that was epic. Close to buying in now.
nice work selling into stable coin - money move
big up mate ✌🏻
Wait for the weekly & monthly close, no rush!
Moves like the one we just saw to the downside reinforce my belief that we are still headed down for some time to come. Hence we are staying in cash.
Yes, will start buying again when the time is right. My working targets are 20-23k for BTC and 1400-1700 for ETH.
At this poin it could be a wise decision to start DCAing at least 5%/month back into the market. But regardless of my opinion you made a great choice for your investors when you bought USDC. Thank you
Super...top strategy! GOOD JOB