It is now exactly four years since I started investing in Crypto and to be honest I was a sceptic (readers may notice I use that word a lot).

I was initially encouraged by my family who had read stories of people making $2000 a month simply by playing on the market volatility. They already knew that I had finance in my background and knew the principles behind investing even if I didn’t at that point have much idea of what Blockchain technology was / is.

It is funny how things worked out, but I opted for Coinbase because despite its fees it was safe, in the sense that all assets are insured, which offered a bit of protection if Coinbase ran aground. As I stated in a previous post this insurance was a protection against the assets and NOT the price of the assets. So I understood that if I held one ETH for example, then that was what was protected and not the monetary value of the asset. I quickly became aware that Binance seemed to be the favoured platform of most.

What makes it funny was that I disregarded such a safeguarding approach when I went in with Celsius with the primary goals of holding a lot of StableCoin staking at a high rate and a place to dump all my free crypto (P0x, Cointiply, Noise:Cash etc). I was complacent and it was a mistake even though in the end it kind of worked out when I got some of my assets back at just about the right time earlier in the year.

You might have read my very recent article about it?

My main issue has always been consolidating profits, but through four years of Bulls and Bears I think I have finally figured it out and while the allocated “untouchable profits” only represent about 3% of my total investment – all staking – it is an ever-growing pile and most importantly it is protected and in StableCoin. The idea is to grow that as much as I can and I am supporting that by immediately adding any Free Crypto I acquire to the same stockpile.

My portfolio is currently about +20% overall, but considering that I weathered (read HODLED) the storms of Celsius and the rampaging bears of 2022/23.

I still feel that the bears still have some control as most ALTs still have not emerged from their hibernation.

Some will survive and others will dwindle down to nothing and YES I am still holding some such assets and frankly I am not sure of the best way to leverage the most of them. Do I play the margins and grow the amount of asset – which would be pointless if the overall price keeps falling – or do I accept a certain amount of loss and shift it all into assets those that are less likely to fail like BTC / ETH.

This is a particular issue with the BAND I am holding which is currently holding at about 10% of what I paid for it.

Even so, I am happy overall with where I am, despite the low amount of profit that I have set aside. At least I have something and it is a work in progress.

The one thing that I don’t want to happen is for Coinbase to stop staking USDC, because while I will still keep profits there it will stop working for me in terms of investment and growth.  

So that is a short summary of my journey, often painful, so far…

As always stay safe and stay well my friends.