Paul Mitchell
United Kingdom
Quick update to the portfolio on a significant position I have bought. I have increased the Bitcoin holding in the portfolio. I see signs that $BTC is oversold and there is some panic and FUD in the market. I view this as a special opportunity purchase and is not without risk. I want to make a couple of things clear to copies. 1) This is a one time increase, I will not be investing more in crypto, and I forsee this larger holding percentage of being for six months at most. Bitcoin is currently 4.5% of portfolio but if price increases as I hope then the portfolio % will rise. 2) I am going to set a new 20% stop loss on all crypto positions from todays price. This will set a firm basement for any potential losses from crypto as it trades 24h. This will give the position space to breathe but will also pull it if I am clearly wrong. 3) I am not known as a crypto investor here. But I am actually a fairly early adopter, first buying a small amount of bitcoin at around 100USD. I have sold chunks and profited over the years. I never has enough to be rich from it, but it's been exceptionally as an investment and bought me cars and nice toys over the years. One car I remember selling 0.5btc to buy... It was nothing like the car 0.5BTC would buy today! Thanks to all my followers, I hope this will explain this position sufficiently enough, but feel free to ask any questions.
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BTC
Bitcoin
90049.99
-174.73 (-0.19%)
1 Mentioned
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