Following my 24th October 2017 Personal Cryptocurrency And Dividend Stock Investing Update, where I
So now, I made a few more tweaks:
#1 Re-entering And Increasing Quantum For Dividend Stocks
I wired an additional SGD 30,000 to my Lim & Tan brokerage account, and spoke to my broker to help me allocate the total sum to a few dividend stocks based on the following criteria:
a) dividend yield must be 6% or higher
b) net asset value should be lower than 1
c) dividend payout must never have dropped, ever. At least maintain.
d) in stable/secure position
He then shortlisted 11 for me based on my criteria, and we will gradually allocate and buy into them at intervals based on price.
#2 Re-distributing My Cryptocurrency As Well As Injecting Additional SGD 10,000
In the end, I sold off all of my ALTCoins such as NAV and Kucoin, which were very good coins (NAV is powerhouse in anonymous transfers and some good plans; Kucoin KCS is a very intuitive and powerful exchange which I comfortably endorse, plus investing in them is good because you can get dividends of both KCS, BTC, ETH and other ALTCoins).
I am going heavy/all-in into Bitcoin for a few reasons:
When I entered the cryptocurrency investing arena, I entered at USD 3700 per Bitcoin. That's roughly one month ago.
Yes, the price was lower at that time because China's government issued a ban on Bitcoin Exchange there, so I entered at a good price. When I started to buy more ALTCoins, having to buy Bitcoins TO BUY ALTCoins, BTC prices started to normalize and increase to USD 4000, then USD 4200...and slowly but gradually increased to USD 5000.
There was hard resistance at USD 5000 for a while, but then it broke through and slowly inched higher. I re-entered Bitcoin at a few price points:
So it's gradually climbing: higher lows and higher highs.
I am not sure if they may be a "correction", but we are always having opportunities to buy during dips which happens occasionally.
If you see the picture, the value of my portfolio is currently about USD 51,000. Basically, because I was a dumbass and didn't do my research, my original investment amount of SGD 75,000 (roughly USD 53,000) would have gotten me around 14 Bitcoin then.
I HAD to flaff around and play and learn the hard way of ICOs, hypes, shills etc, and by time I learnt the important stuff, I had lost around USD 25,000.
By re-entering Bitcoin and focusing there, my portfolio had also stabilized and hovered around the USD 51,000 range, so I need another USD 2,000 to "not lose money" (back to USD 53,000 which is roughly SGD 75,000).
So, I hope you can learn a bit from my mistake and focus on winners, rather than hype, shills and ICOs out there. Lots of people want your money.
Back to Bitcoin. If you are seriously looking to enter cryptocurrency investing, please:
So with my last SGD 10,000 injection, that makes my baseline target as USD 60,714.28 - which I hope will not drop lower than that in the next 3-5 years. I doubt it, because I believe that Bitcoin should go higher ($50K+++ per coin).