Update: 12 months since investing $51,900 into 60 projects. MOONSOLLINKAVAXRENDEROPHNTRUNEMINA 9mon ago by

Hey everyone,

About a year ago, specifically from July 1st to July 14th, I invested $860-870 USD into 60 projects.

I managed to double my money. I sold the ones that had mooned, such as SOL, HNT, RUNE, LINK, OP, RNDR, AVAX, and a few others to take out my initial investment.

I kept 40 projects. I re-bought a few of the coins that I had sold because they tanked massively, such as OP and MINA, for a fraction of what I had sold them for and even bought a lot more of them.

Since then, I have been DCAing into all the coins that did not perform well with the hope of DCAing until they did. My rule was/is: let's say I put $2000 in and it keeps growing, I stop putting money into it until it doubles (or more but minimum double). But if it doesn't, I'll DCA into it. When it doubles, I sell it, take out half, and use the other half to DCA into the other ones/rebalance the other ones.

What I learned:

1. March 14th, 2024, is the day that pretty much the majority of alts got eviscerated.

2. BTC outperformed every coin in my portfolio since then by 100%, except for ETH and SOL.

3. Other than a handful of alts, I had to deploy thousands of dollars to balance the majority of the coins in my portfolio. I had no idea that alts were going to get demolished as badly.

4. My portfolio is worth about $75,000 right now. Had I invested only in BTC since March 14th, I would have doubled my money.

5. My current portfolio would be worth more than $150,000 on March 14th. It is worth less than 50% of that even though I had to deploy more than 15k DCAing at every opportunity.

6. I plan on putting any profits - that I do not use to DCA into alts - only into BTC and ETH over the next year.

7. March 14th, 2024, was the day people who had started to accumulate since the end of the 2021 bull run unloaded their bags.

8. Most top 250 alts have lost all of their gains that came with BTC climbing to the mid-$70Ks.

9. There were about 3 major dump days since March 14th that eviscerated alts. And then a few small ones every week since then, leading to many dropping 50% or more. As you can see, BTC beat the rest of my portfolio on average by 102%.