January 2022 recap - Not the start of the year we were hoping for

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(Edited)

Again a month has passed. Let me show you how my portfolio did.

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Market update

Another disappointing month, but with a bounce back in the last week. The total market cap of cryptocurrencies went down from 2.21 tn to 1.76 tn. Bitcoin dominance was up from 40.2% to 41.9%.
Looking at the prices of the individual currencies, Bitcoin went down from $46,900 to $38,400 this month. The price of Ethereum went down from $3,700 to $2,640.

Current Portfolio

Again I didn't invest more money in Bitcoin and Ethereum. My overall portfolio value is now about €5,000 lower than one month ago. My portfolio shifted a bit towards BTC. My personal BTC "dominance" is now at 41.0% (from 39.4%).
In total I have invested €2,600 in Ethereum and Bitcoin, so I'm still at a €16,500 overall profit.

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I managed to increase my Hive Power holdings from 6,391 to 6,477 HP.

Let's hope we've hit rock bottom for this year and we can see more rising prices from now on. Still this might only be the start of a very bearish year/period as well of course. Which one will it be? We'll see it in the coming recaps.

Posted Using LeoFinance Beta

hive-167922 leofinance cryptocurrency ethereum bitcoin proofofbrain ctp palnet neoxian life hive
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7 comments
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It has been a tough month for #Bitcoin but hopefully we have found the bottom. Still waiting for that #altseason everyone was talking about! haha

Excellent profits overall! Great portfolio.

@thgaming @jim-crypto

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Haha, indeed. It seems it was not the best season for alts in the end...

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Nice and simple. So, you don't hold any other altcoins?

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Nope, besides Hive (and related tokens) and Ethereum I don't have any altcoins.

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That's impressive. I started out with BTC, ETH and Hive and now own many other altcoins. I think I ventured out too far :)

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Congratulations @erikklok! You received a personal badge!

You powered-up at least 100 HP on Hive Power Up Day! This entitles you to a level 3 badge
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!

You can view your badges on your board and compare yourself to others in the Ranking

Check out the last post from @hivebuzz:

Hive Power Up Month Challenge 2022-01 - Winners List
Be ready for the next Hive Power Up Month!
Hive Power Up Day - February 1st 2022
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