Portfolio: £282,491.64
Most alts seemed to stabilise today with some returning double digit gains, so it seems they may have found their (temporary) market value. NEO continued to surge ahead, defeating all the red in its path. Bitcoin threatened a push today but didn’t get far. Still, I’m thinking of getting as much BTC as I can without selling my promising alts to balance my portfolio out.
My amazing returns from BDG and TEL yesterday have given me a lovely boost towards £300k and helped me through this alt downturn, as have NEO and ETH. I’m not sure what to do with TEL. I have a huge bag of it now and it is slowly slipping down in price, but this is inevitable and I think it would be silly to sell as this low a price before it’s on a decent exchange. Having said that the higher it goes the harder it might be to shift. It’s currently at almost 4x ICO, so I’ll probably wait until it goes 6-7x then sell a third to free up some liquidity for forthcoming ICOs and potential investments. BDG I’m going to sit on for a fair while as I think that will be a slow burn, although a Binance listing might be in the works so who knows. I’m happy with my investment portfolio at the moment and until I can get some liquidity I’m not buying into other projects, although I have a couple I’m keeping my eye on for when I have some free cash. More anon.
Not really sure what this week has in store. Alt mania has settled down and BTC doesn’t seem to be up to much, so it may be that everything slowly climbs back up or fluctuates a bit with a couple of spikes. Some $100bn has left the space, so I there may not be as much silly money floating about and potentially a little more maturity in the market. Only thing on my radar this week is OriginTrail ICO on Wednesday, otherwise I think it could be quite a quiet one.
Today’s lesson: Who am I kidding, it’s never a quiet week with crypto