BIG CRYPTO CRASH – What Will I Be Doing With My Ethereum (ETH) In This Coming Crypto Winter 🥶
Harold Delgadillo
4 min read
Today let’s have a chat about the crypto crash. The decline has been fast and severe. I’ve shared before that I’ve bought ETH and currently I hold about 24 ETH coins and staked it for returns. What will I be doing with it moving forward? Will there be a crypto winter?
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0:00 Introduction
1:18 Sharing my journey
How I’ve bought ETH using dollar cost averaging.
2:00 My original plan and why I’ve regrets
I wanted to buy generational assets for my children.
The more I explored NFT the more I realised that Ethereum blockchain will be big for the next generation.
5 May 2022 I bought slightly more thinking it could be a bounce up only to see it head lower.
I’ve since held back from buying more and sticking to the plan.
5:30 Some positives from this journey
Not doubling down just to average returns even though I believe in the ethereum blockchain’s potential
6:48 Why I believe crypto winter is here for a few years.
Leverage in crypto space seems to be much bigger than I understood
I believe regulation is needed for crypto assets to move forward.
Defi has failed the test of greed in capitalism
8:52 Why I bought a LEDGER cold wallet
9:50 What if ETH goes back to USD$5,000
#eth #crypto #cryptocurrency
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
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Bought the Ledger Nano S Plus which is the most basic one – referral link here if you need: https://shop.ledger.com?r=628be765001a
My first ETH was $10. 😎 average $250 per ETH. Not bother even if it goes to zero or $10k per ETH, makes no difference to my life.
Elon Musk is buying Dogecoin. Follow suit?
I will never buy cryptos but I don’t criticize people who bought it. To each his own.
How about GAR share? Still good to hold or buy some?
Only buy Ledger from its official website. No 2nd hand stuff. Bundle deals are great: rally friends/family. Ships in 2 days from France. Ledger acts as a token of authentication. Your records are all on the blockchain..so even if u need to set up a new Ledger for whatever reason, dnt worry, as long as you have the seed phrase, you can still get to your assets. DO NOT save your seed phrase electronically anywhere. Safeguard it and at no point in time do you reveal it to anyone in the name of troubleshooting – red flags for scammers.
Unrealised and realised losses are the same if capital gain tax is not in the picture. Whether you should hold any asset should be based on forecast (in relation to entire portfolio) from current point.
Asian mindset including myself fell into trap of having generational assets. The best investment is to raise our kids right. What we want to leave, we can teach.
Yup. I bought directly from ledger official website.
Hello Josh, Agree with you entering from lower point, that just comeback to a loop to me buy Low sell high… everyone wanna catch the bottom, but what will be the bottom. How do you know this is Low enough and not any lower. How do you adjust yourself when it goes even lower then your entering price.
Would you like to share how do you adjust your mindset to overcome the situation?