As a Bitcoin Maximalist, I firmly believe that crypto will change the world, and that seizing the opportunity of crypto will change my life. Five years ago, I started my crypto journey and worked for top crypto exchanges for more than four years. In the past 5 years, I've seen many legends and deplorable stories in the crypto industry, from overnight riches to all assets melting away. I don't want to be one of those stories. I have always had my own investment strategy, which made me my first bucket of money. I will continue my crypto investment and hope to achieve 10x gain in the next crypto bullish market. From now on, I will share my crypto experience with this series of weekly recaps, which will help to get my investment plan better. But it can not to be taken as any investment advice.

A.My Investment Plan

In short, I hold BTC, ETH and USDT in the downturn crypto market, which is 90% of my portfolio. And the other 10% is for the investment with high risk, including altcoin, trading bot, and copy trading.

• Start date: October 1, 2022
• Principal: 70,000 USDT
• Profit target: 700,000 USDT
• Long-term investment plan:

1. October 2022 - December 2022: 1/3 of the funds will invest in BTC and ETH.
2. December 2022 - July 2023: 1/3 of the funds will invest in BTC and ETH, the rest of the funds will invest in crypto exchange native tokens and other altcoins (such as BNB and KCS, etc.).
3. July 2024 - July 2025, sell all positions and hold USDT.

• Current P&L (2022/10/28):
• Current account assets: 81.6k USDT (+16.5% profit)
• Investment plan for this week: none at the moment.

B.The following is screenshots of my account

OKX account: 67K USDT used for spot trading and staking

Binance Account: 1K USDT used for copy trading

C.Weekly Highlights:

1. Global economy: Internet giants are announcing their corporate earnings. Meta, Microsoft and Google revenue fell short of expectations, meta shares plunged 20%, Microsoft shares fell 7% and Google fell 9%. The fall in the stock market reflects the decline in capital expectations for the future economy, and the Federal Reserve may slow the pace of interest rate hikes as a result.

1. Global monetary policy: the Canada centre bank raised rates by 50 basis points, lower than market expectations of 75 basis points. If the same 50 bps rate hike in the United States in November, there is a high probability that the prices of risky assets like cryptocurrencies will rise from November to December.

1. Crypto market analysis: BTC price broke 20,000 and reached 21,000 this week. This rise was driven by Ethereum, with over 14 million ETH staked on its beacon chain, accounting for 11.9% of the total circulation (lido, coinbase and kraken were the top three), which provided short-term momentum to the price rise, and if the Fed's interest rate hike in November is not as expected, then ETH will be the top gainer of the whole crypto market.

Notice:

This article does not provide any investment advice and is intended for personal investment records only.