Yesterday was the day when Ethereum crossed the 4,000 USD barrier for the first time in its history. This was only one week after it crossed the $3,000 barrier for the first time in its history. Things are going fast, and it is more addictive than drugs (I don't really know that because I have never done drugs... except for drinking Coca-Cola), but it for sure has an addictive effect on your body when your portfolio keeps growing.
And yes, my own portfolio has grown 10x in value since November-December 2020. That is just crazy! It feels so cool, and it is so easy to brag about it when you speak to your friends who are tempted to buy their first cryptocurrencies right now.
But, yesterday, I suddenly got scared... I don't want to sit here and suddenly realize that I didn't make any profit, and thus my profits were only a "theoretical" profit, because I never really turned it into USDT, USDC, or withdrew it to my actual bank account.
How big a percentage of your portfolio is USDT or any other stablecoin?
This is the question that I asked myself yesterday. How much of my portfolio is in stablecoins, meaning that the value will remain the same, even though Bitcoin should go to $1,000?
As I looked through the statistics, I realized that due to my profit-taking, it might be somewhere around 10%. Now, that might be good, but if the crypto market should collapse, I will regret not changing more of my crypto into stablecoins.
Many of my preconceived plans have been changed during the bullrun. If I had followed my plans, then I would nearly have any cryptos right now, and everything would have been sold a long time ago. In other words, I haven't followed my plan, and right now - that feels good. But, if the market should collapse (and sometimes it most likely will), then I will regret it.
Yesterday I sold some here and there
That led me to actually sell some crypto here and there yesterday. I didn't sell a lot, but I sold a little bit, probably increasing the stablecoin rate in my portfolio to 15%.
Steemit and Hive are all powered up, so I don't really count it in my portfolio (but if I did, it would be a very big part of it). These platforms are long-term investments, meaning that I just keep working, and I hope that one day, this in itself will be enough to make a living from my activities here.
How are you doing? Are you taking profit?
I know many people here take profits regularly because that is their way of paying their bills. I am so blessed that I don't need this platform to pay my bills, and that makes it possible for me to continuously power up whatever I earn and just keep it on the platform. I am lucky in that way! But, I am also so happy to see that this platform already now helps people pay their bills... that is the way it is supposed to be! :)