Hello,
In my last post, I shared a list of the first crypto investments I made since 10/30/2022 : My first crypto purchases for this Bear Market 2023.
So I continued my custom DCA and Here is a list of cryptos I bought :
22/01/2023 : 50 SNX for 128.09 Euro
22/01/2023 : 2400 LOOM for 125.90 Euro
22/01/2023 : 120 MATIC for 116.63 Euro
22/01/2023 : 100 KAVA for 103.15 Euro
22/01/2023 : 100 NEAR for 227.1 Euro
22/01/2023 : 17 AXS for 150.2 Euro
22/01/2023 : 10 ATOM for 126.8 Euro
22/01/2023 : 80 OSMO for 65.5 Euro
22/01/2023 : 100 XRPT for 62.47 Euro
22/01/2023 : 140 EVMOS for 61.06 Euro
22/01/2023 : 50 JUNO for 62.89 Euro
22/01/2023 : 2000 ROSE for 106.56 Euro
22/01/2023 : 500 ICX for 98.02 Euro
23/01/2023 : 53.174 ATOM for 702.56891936 USDT
I follow the price of Bitcoin and the Crypto market quite regularly, so I can try to adjust my DCA.
If the crypto market prices continue to rise, I will stop my DCA.
If there are interesting corrections, I could start my DCA again.
The vast majority of my crypto purchases over the past 3 months are long-term investments.
It is difficult to determine with certainty what Bitcoin and the Crypto market will do.
But I hope the crypto market will give us more good opportunities in this year 2023.
As I wrote in my previous post, there are many projects where it would be interesting to invest.
But having a limited budget, choices have to be made.
Let's take a look at the Bitcoin chart :
I think the 200 daily moving average can become an indicator for long-term investments.
As long as the price of Bitcoin is not too far from this moving average,
Or any correction in Bitcoin price towards this moving average,
Or any area of accumulation below this moving average,
are interesting long-term investment areas for me to make for my custom DCA.
Not being able to predict the future, I can only try to prepare myself as well as possible in a more extended downward price range.
By preparing spot buy orders (as I have already done for Bitcoin, I mention it in my previous post).
Conserving cash, even though with a Bitcoin price around $22,500, I could continue my custom DCA.
But in this case, I will invest less or not at all if the price of Bitcoin continues to rise causing the Crypto market to rise.
During these last 3 months, I invested a good part of the capital that I had prepared since I found a job (almost 2 years).
I will continue my custom DCA during this year 2023 trying to prepare for the best and the worst...
Within the limits that I set for myself.
I am just sharing what I'm doing in this crypto adventure. I have no advice to give, no real certainty about the future.
This is not investment advice. And the possibility that I'm wrong is also to be taken into account.
The crypto market is young, volatility is high, do your own research and measure the risks before making a decision.
Thanks for reading my post and happy New Year :)
Publish0x Links : Newcomers - Bitcoin Miner Rewards Evolution - Bear Market or Not - Bitcoin Bear Market Bottom - Bear Market : Buying Time - My first crypto purchases for this Bear Market 2023
