17th January

Portfolio: £230,441.65

Slight pickup from the shambles that was yesterday. I haven’t seen such fundamental drops like this since the China FUD of last year with every single coin in double digits red. There were so many rumours going round from Chinese New YEar to more Asia bans to whales and Wall Street manipultion...so much swirling about. This is where the benefit of solid investments come in – they don’t drop quite as much and they recover quicker. I did take the opportunity of trimming in the end, selling my MOD and LINK holdings. This isn’t because I think they’re bad coins, in fact I think they will perform very well this year, it’s just that I had smaller amounts of them and not enough BTC, so I took the opportunity to increase my BTC holding at the expense of my smaller holdings. Amazingly after the crash I’m actually up in BTC terms, which is somewhat reassuring.

I was a bit apprehensive of what I would find in the morning when I went to bed last night but there were no further major dips and some alts are even in the green, such as BDG and SMART. Remains to be seen what happens from here, given we’re still something like $150bn down in terms of the overall crypto market cap from yesterday morning, so that money has to come back in for things to go up. Still, nothing to do except for HODL and use the chance to do some research and try to spot more masternode opportunities. On that note I have had two masternode payments of 10x INN coins in the last three days which is about $200 in this market, so if that pattern continues I’ll be very happy. I was somewhat dubious as to how it would all work out, but yep, there it is, so I am living proof that masternodes work!

On a side note it was nice to see the Ponzi scheme that is/was Bitconnect finally close its shutters. Can’t help feeling sorry for those who lost out, but it was clear from the start what it was, and all you can say is that you hope they didn’t lose much and that they’ve learnt what to look out for next time. I also can’t help feeling sorry for the newbies who bought TRX and XRP at the very top and have since watched their holdings vanish by hundreds of percent. Again, we all get burned once, I just hope they didn’t bet the farm.

Also found out today that the minimum buy in for OriginTrail ICO is 5 ETH, probably down to the drop in value. If I participate in that then precludes me from any other token sale unless I sell some alts, which I don’t want to do at the bottom, so unless I can pool with my Discord group that one is out. These minimums are getting higher and higher.

Let’s see what today brings. Will it be another red day or will we see some green back in play?