This post is going to be brief.
I converted ALL 200 units of OMG into BTC a few days back. (I wish I had made this move earlier) OMG takes up the largest pie (13%) of my crypto portfolio. The average cost of OMG is around US$7.33 and it is now trading at around US$1.06. Ouch…
If you have read my earlier posts, I am currently in the process of converting alts into BTC so that I can have a more balanced portfolio, within crypto. It used to be 0% BTC, 100% Alts. Then it became 6% BTC and 25% BTC and after I sold my OmiseGO, it is now 34%.
Previous Allocation 1 Previous Allocation 2 Current AllocationThe reasons for converting OMG into BTC are as follows:
Bakkt testing bitcoin Futures Contract Launching of bitcoin ETF soon (VanEck & SolidX) Awaiting approval of bitcoin ETF from SEC Institution interest...