In the last few days, the crypto prices have been falling and the drop is rather significant. I have been buying into the dips to build up our crypto positions but also giving it time to see whether the prices will continue to drop. I have to say, the volatility in our crypto positions is still something I’m getting used to. The swings between gains and losses can be fast and furious even on a daily basis. I don’t think you see such large percentage movements in prices elsewhere except for the small-cap technology stocks.
At this time, the value of our crypto positions is about S$25,000 and this is roughly 3% of our investment portfolio value. I’m trying to increase it to at least 5% through buying into the dips. This would mean investing another S$15,000 into cryptos if the prices continue to fall. While I’m starting to appreciate the value of adding cryptos into...