Sirwin
Sirwin

My 2022 Crypto Portfolio | Crypto Update 1.4


  Disclaimer: I am not a financial advisor, everything on this report is financial opinion. Please consult your financial advisor before participating in crypto

Overview 

  • My Portfolio

  • Crypto Market Update

  • Major Crypto News

  • NEWBIES: The Bitcoin Network (Lesson 1) 


My Crypto Portfolio

 

My thoughts

 

I consider this portfolio as medium risk. A low-risk portfolio would have more emphasis on Bitcoin and Ethereum.

 

Terra (LUNA) is one of my largest holdings because of a late 2021 rally. Due to imminent regulations on centralized stablecoins, I remain bullish on LUNA into 2022. If UST ever loses its $1.00 peg during a large sector sell-off remains the most significant risk to LUNA.

 

Polkadot (DOT) and Qredo (QRDO) are my Q1 2022 plays.

 Interoperability will undoubtedly be a significant subject, and DOT provides a stable showcase of attributes despite a slow growth strategy to onboard projects (Crowdloans). This strategy will ultimately ensure that Polkadot contains quality on the parachains. I have a significant amount of DOT and KSM locked in Crowdloans that cannot be realized for two years and one year for Kusama (KSM). Kusama is the sister chain and test network for Polkadot (DOT).

 

 

Qredo (QRDO)

This smart-contract platform and custody solution solves many pending issues in crypto and will become a decentralized network in March 2022. With close ties to Coinbase and Binance, I expect reasonable price jumps when listing on major exchanges begins. My report on Qredo should be complete and released this week.

 

 

Render (RNDR) and Arweave (AR)

These are my infrastructure plays for 2022. Render serves the dual purpose as a game/metaverse proxy, and infrastructure play, as the sector moves from centralized entities into decentralized computing.

 

Arweave (AR) is a decentralized storage platform that will store all history for Solana and has recently teamed up with Avalanche (AVAX)AR has a pay-once model that will make it a cheaper option than centralized competitors such as Amazon Web Services.

  • I have other holdings in small amounts (PHA, KAR, MANGO, KOIN, SUNNY, CRO, THOR)

 

 

Conclusion

I have many thoughts circulating in my head about 2022 that I will indeed organize in a report in the coming week or two. I am ultimately satisfied with my holdings. If I decide to take a further risk, I will likely take funds from Bitcoin and increase other bags. 

I am considering adding some mid-cap smart-contract platforms that look promising. Thorchain (RUNE) and Polygon (MATIC) are other projects on my radar. I continue to Dollar Cost Average (DCA) into QRDO.

If I see evidence of a significant market correction, I will begin to move funds into Bitcoin and UST (Anchor 20% yield). Either way, adjusting the closer we get to the March FOMC meeting will be a good idea.

What are your thoughts? What’s your portfolio look like for 2022?

 


Market Update

 

Photo by Yiorgos Ntrahas on Unsplash

Bitcoin (BTC) continues in accumulation, evident by the tight price range. BTC has successfully rejected the 46k support six times. The accumulation will likely continue for a couple of weeks. Bitcoin sits at 46.1k. Volume is slowly beginning to increase in BTC.

Bitcoin Dominance (BTC.D) is at a three-year low of 39.38% as various altcoins continue to rally while bitcoin traders accumulate. I expect this trend to continue until Bitcoin breaks out of the phase. This is evidence the market is still in a healthy overall uptrend despite recent drawdowns in BTC price.

Velas (VLX) $0.54 is up 43% in the past seven days. I reviewed Velas a few weeks ago, and it is a promising smart contract platform. This is an excellent protocol to keep an eye on in early 2022.

 

There seems to be an increasing interest in DeFi in the past couple of weeks. Could this be intuitional money entering crypto through low-risk staking strategies?

DeFi gainers (30 day)

  • CRV $6.24 +82%

  • YFI $36,547 +56%

  • BAL $19.60 +26%

  • CVX $50.00 +100%

 

Smart Contract gainers (7 day)

  • ATOM $42.61 +43%

  • FTM $2.92 +33%

  • ROSE $0.41 +21%

  • ONE $0.31 +19%

  • SYS $1.14 +34%

  • SCRT $6.72 +14%

 


Major Crypto News

 

 

Photo by Markus Winkler on Unsplash

Tether freezes over $1 million worth of USDT belonging to a single address. Tether works with regulators for freezing addresses. Stories like this will further push the industry into utilizing decentralized stablecoins such as UST and DAI.

Former CFTC chair has proposed a way to unify crypto regulation from a divided CFTC and SEC. Christopher Giancarlo has proposed creating a “crypto bureau” composed of SEC and CFTC members after crypto executives suggested creating a division with a single focus on cryptocurrencies. Expect a lot of regulatory advancement in the United States this year that can bring more enterprises into the sector.

SEC has delayed yet another Bitcoin spot-price ETF from NYDIG.

Major digital asset manager Grayscale has removed Bancor (BNT) and UMA from its DeFi fund amidst a portfolio rebalancing. Likely due to the poor price performance of the two assets.

 

 


NEWBIES lesson 1: 

The Bitcoin Network

 

Photo by JJ Ying on Unsplash

In the previous lesson, I mentioned that banks and governments track world currencies with serial numbers on cash.

Similarly, a worldwide computer network tracks bitcoin transactions and records all bitcoin history into a record known as a ledger.

The ledger is public information and is available to see on a bitcoin blockchain explorer. Check out the streaming list of “latest transactions on the bottom right-hand corner.”

 

Contrary to popular belief, the public record of bitcoin makes it hard for criminals to cover their steps.

 

The worldwide computers that secure Bitcoin are also known as miners. The mining computers get paid in bitcoin for securing transaction history. This incentives computers to join the network. Anyone with technical knowledge can set up a bitcoin miner.

To hack the bitcoin network, a hacker would have to hack 51% of worldwide computers running the network. Therefore, this decentralized attribute makes the network extremely secure.

 

 

When a person sends bitcoin from one wallet to another, the network takes a small fee. Modern bitcoin systems take seconds to actualize a transfer. In the early days of the network, it would take 5–10 minutes. Over the years, costs have become minimal and can now send millions of dollars worth of bitcoin for less than $5.

On the contrary, our current financial system charges a large percentage and takes many days to finalize. When individuals send money worldwide, a cohort of institutions take a cut. (Transferring bank, exchange rates, money transfer service, receiving bank). Intermediaries have become some of the world’s largest companies, as noted by The Middleman Economy by Palgrave Macmillan.

 

I can send this report, media included, to people all over the globe for free, but we can’t send money across countries without a 10% — 20% fee. It doesn’t make sense in our digital era.

Bitcoin and crypto are here to alter the middleman economy that plagues our society with fees.

 

 

“At its core, bitcoin is a smart currency designed by forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” 

 -Peter Diamandis

 

 


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Thanks for reading fam! 

Gabi

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Gabi_
Gabi_

Market Research Analyst . Crypto Enthusiast. Hours of research condensed into a daily five minute report.


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