Crypto portfolio: May 2022

Another crypto month has passed and the question is if we did had a crypto fall before a crypto winter or just a colder month in a promising summer.

So just like most portfolios mine went south. There are 2 reasons for that:

  • The overall cryptomarkets are down
  • I did withdraw a major part of my KCS holdings to fund a real life project.

Not really an idea which of those two did had the biggest impact.
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The decrease in potential value is of course caused by the withdrawal of 190 KCS. The decrease in actual value was fueled by the market and the withdrawal. While I did hate to withdraw those tokens, I always said that my investments into crypto were to make real life a little bit easier. And when a bill has to be paid, the bill has to be paid. So that's just what I did.

Portfolio share

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KCS was since a while the dominant crypto in my portfolio. Since this month it had to step down from its throne and settled on a second place, with a portfolio share of 20%. Maybe just like it should, BTC took over the crown and is back the leader of the pack. Hive still stands nicely on a third place, but if everything goes according to plan, it could lead the portfolio next month.

Positive things

While we had a third red month out of 5 this year, not everything was bad. I am very happy with the increase of almost 5% of my BTC holdings. Nothing wrong with that. Most of this did come from the Fury Charge from Betfury. This wont be soo much next mont, because I maybe do plan to focus also on other tokens beside BTC. More specific: ETH.

It was also a great month for my Hive holdings; where we do see an increase of almost 9%. Okay not enough to counter the market movements, but still nice to see.

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Last great thing is that I am also back blogging on read.cash. While my income isn't great there, it does add up. With a little bit of luck and of course hard work, I could pass 2 BCH in June.

June

One more month before the first half of 2022 is behind us. In June I will try to increase my Hive holdings even further. It would be great if I can reach 7000 Hive Power. This would mean that my yearly goal of 10K Hive could become within reach.

Like written above; I also will try to give ETH some more attention. The 1.26% increase of last month wasn't bad at all, it could have been more.

Also I do hope that I can add another 25 KCS to my portfolio again. The goal here is to have 400 KCS at the end of the year. Time will tell; if I can manage this or not.

For the moment I am mostly looking at my holdings and not at the actual value of my portfolio. I do expect that June will be more or less a copy of May. With some green days but mostly red and a fourth red month in 2022. But I wont be bad if I am wrong.

Cheers,
Peter

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