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Wednesday, December 27, 2017

Rebalancing Bitcoin Investment December 2017

Bitcoin is highly volatile this month, flirting $10K and $20K several times. However, this year I manage to haul almost €10K profit this year. This growth is on track for my 2-3 years goal to pay my basic expenses of €3K entirely from my passive income.

Take aways:

  • I manage to haul almost €10K profit this year, more than 10x last year, with almost half of it from this month €4,2K. This is on portfolio size of €15K, more than 7x of last year size.
  • Bitcoin price and concurrency market in general is volatile and crashing more than 40% in the week before Christmas, due to people cashing out. However, my wife has cashed out all of her original investment and keep only the profit on the market. 
  • Last months, we somehow can predict the price to some degree when the price is still 4 digits. Now, on 5 digit, we don't know. But, we intent to keep an eye on the price support, such as now €13K and psychological milestones, such as now $15K, $20K, etc... Just looking at psychological milestones does NOT work anymore. For example, there is no way the price will stay above $20K milestone, if the support still on $13K.
  • BTCPop is raiding the Bitcoin bull. The growth is unusually high because I am cashing of my BTG holding there to fund my Alternative Coin speculation. I like BTCPop, because they take care of the BCH and BTG forking for me and provides exchange market (albeit with low liquidity) for it.
  • Bitbond and Euro-based Bondora, Twino and Mintos are profitable as usual.
  • Goldmoney is stalling this month.
  • Amartha is gaining due to slightly stronger IDR. I boost my investment there because I believe in micro finance especially to housewife-owned businesses in remote villages to improve education and living condition of their children.