Sirwin
Sirwin

Holding Bitcoin?

By minimalist | minimalist | 13 May 2021


I bought my Bitcoin on 9 Jan 2021. What a terrible timing, Bitcoin immediately fell by 25%, see below.

beaff593f4392284656c411780eac2cc73084a4fb7c03210e16a77859164431d.png

Again, Bitcoin is massively down, by 20% over the last month. So I wonder:

- Should I repeat by terrible timing, and sell it all, only to observe it rise thereafter?

- Should I sit tight, possibly incurring a loss?

Two weeks ago, I asked, is this a good time to swap Bitcoin for ETH?

Since then much has happened, though, I still think I will stick to my Bitcoins for now. Why?

  • I don't feel comfortable selling parts of my Bitcoin at the current price. Back in April it was at the same level (see image on top), and then recovered well.
  • Despite increasing ESG pressures - which in general I buy into - to me Bitcoin should have its place in a diversified portfolio.

My current portfolio:

34% ETH

12% BTC

6% ADA

5% DOT

4% ICP

4% UNI

3% XLM

3% XRP

3% FILE

2% SHIB

2% TRX

2% BAT

2% DOGE

2% SOL

2% BNB

2% MIOTA

1% STORJ

1% AAVE

1% BCH

1% LTC

1% XTZ

1% LINK

1% ZRX

1% THETA

1% COMP

1% CHZ

(plus some dust)

Comment: I sold some ETH this week at £2930 though bought about the same amount last week for £2550. If ETH goes further down, it may be a good opportunity to get more.

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