To the Bottom and Back - December Market Report & Portfolio Update

In this report, we will take a look at the current market and the impact on the investor portfolio.

The crypto market has been facing tough times lately, and it's not just the crypto market that's struggling - all crypto companies are feeling the effects as well. It's a boring time, with nothing much happening in the crypto space. But that's exactly what the bottom of a bear market feels like.

There's a lack of motivation, and those who wanted to leave the market have already done so. The rest of us are just sitting here, waiting for better times or trying to buy the bottom as best we can. One thing is clear: if you're still here, you've already done one thing right - being ready.

Taking a bull run from the bottom is the best thing that can happen to you. That's when you really make the x5, x10, x20 investments. Because those who only get in during the hype miss out on the best opportunities. Let's dive into the details of this month's market update.

Portfolio Status

Currently the investor portfolio stands at 8,708.97USD, which means a loss of 13% in total since the portfolio was started in April 2021. Compared to the rest of the market this is pretty good.

The orange line represents a portfolio consisting of 100% BTC and the red represents an equally weighted combination of the top 20 coins. The goal as a good investor is to get more out of your money by making smart decisions. This means investing in the right projects and doing the opposite of the masses.

As has been the case for months, the portfolio's objective remains to position itself safely and to focus on value protection where possible.

December Recap

Week 48
- Banking giant Sber adds MetaMask support
- Kraken laying off 30% of their staff
- BlockFi filing for bankruptcy
- DEX Serum defunct
- Putin calls for Blockchain payment system
Week 49
- Goldman Sachs buying crypto firms
- Circle cancels plans to go public
- Bybit announcing new layoffs
- Nexo exiting the US
- More FTX drama
Week 50
- SBF getting arrested
- Do Kwon reportedly located in Serbia
- Binance’s FUD continues
- Donald Trump's NFT sold out
- Binance processed $6B withdrawals in 24h
Week 51
- SBF sent home
- FTX heads plead guilty
- Binance gets Voyager assets
- Manchester United launches NFT
- OneCoin Co-Founder pleads guilty

Portfolio Update

I will adjust the Pluton Sell Limit orders. On the one hand because we have unlocked new PLU rewards in the last months, on the other hand because the price has settled in a different price level in the last weeks.

Currently the portfolio holds 292.46 PLU (4 x 3 PLU of which are still in open limit orders, see Fighting the Bear & Top 5 Projects In August), but to maintain the current staking level only 250 PLU are needed. For this reason I will deposit 30 PLU on KuCoin by Sell Limit Order. As already explained in the report linked above, this does not mean that we sell these rewards immediately, but automatically when certain price levels are reached.

Here are the orders I have placed. The old orders are therefore invalid.

Sell 5 PLU @ 10.97 USDT
Sell 5 PLU @ 11.97 USDT
Sell 5 PLU @ 14.97 USDT
Sell 5 PLU @ 15.97 USDT
Sell 5 PLU @ 18.97 USDT
Sell 5 PLU @ 22.97 USDT

Feel free to contact me with any questions!

Outlook

As I look ahead, the next major macro data release is not expected until January 12th, so I do not anticipate any major changes in the market in the meantime. The focus will be on the February meeting, although it is unlikely to have a significant impact on the market.

The current situation surrounding the insolvency of some large crypto companies has also calmed down for the time being. These problems will probably catch up with us in Q1 23.

However, what will be interesting to watch in 2023 is the true state of the economy and how much “free capital” there will be. This will have the most impact on the market, and it's important to be mindful of these factors as we move forward.

In the coming year, I recommend positioning defensively and continuing with dollar-cost averaging. It's important to focus on protecting investments rather than seeking high returns, as it may not be a challenging time in terms of price, but it could be emotionally draining. With not much substantial news expected over the next 12 months, it's important to be prepared for a potentially long and drawn out period.

I believe that 2024 will mark the return of the spring and a more positive market outlook. Until then, it's important to stay cautious and stay informed about the latest developments in the market.

Summary

In conclusion, the market has shown signs of stabilization in recent weeks, and it is possible that we have reached the bottom. However, it is important to remain cautious and continue to monitor developments in the market.

We are also excited about the potential for growth in the Web3/DeFi space in the coming year. As always, we will be carefully evaluating opportunities in this area and making strategic investments as we see fit.

We hope you have found this market update to be informative and useful. If you have any questions or concerns, please don't hesitate to reach out.

Stay safe and happy new year!

Stefan

Categories: Report

* The content in this report is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Always do your own research! Nothing contained in this video constitutes a solicitation, recommendation, endorsement, or offer by CryptoExplorer or any third-party service provider to buy or sell any digital assets or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.