It has been an intense 48 hours! If you haven’t heard by now, the crypto market started falling before accelerating into a crash. Crypto prices collapsed before recovering some of their losses. It’s the first time I have gone through such a high level of volatility with my investments. I mean, my US and China tech stocks prices can move quite a bit compared to my SG and overseas stocks & ETFs. But wow, definitely not to this extent!
I allocate about 5% of my investment portfolio to cryptos so I treat the S$35k value as a single position even though I’m almost entirely invested in Bitcoin, Ethereum and Binance Coin. The crypto losses are not as bad when I zoom out and compare it to the rest of my investment portfolio. Anyway, I was also averaging down on them as crypto prices were crashing so the rebound helped to offset some of the losses....