Exited all my crypto holdings gradually over the past month or two. I was lucky enough to be able to sell quite big chunks in early January. Some of these are up over 10X but they were only ever a very small portfolio weight.
There is too much froth / junk / fraud in the market and I dont see downwards trend reversing any time soon. I think there needs to be a big clear out before we can get decent rises.
Continue reading “More Crypto – sold KR1 / direct holdings, shorting Tether” →
Quiet few months for me – its been very hard to find good ideas.
This has led me to look outside the beaten path and I have decided to put a small portfolio weight in bitcoin / related cryptocurrency. I’ve somewhat changed my mind on this. I did think of them as tulips. Now I think they might not be, and even if they are – there is opportunity for money to be made. All one needs to do is double your money and sell half – in crypto world an easy thing to do, and its all free from there.
Continue reading “Cryptocurrency” →