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What I did and felt during the crypto crash
By Finance Smiths  •  May 21, 2021
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....
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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