An update on the six “baseline crossing” buys. Yesterday I awoke early, dreaming of these that were bought just before the mid November market mini-crash. I had another hot trade I wanted to do and thought of selling these at a loss. Then I remembered I paid for them in BTC, not in fiat. On a BTC basis, the loss was far less because BTC had also tanked with these.
So I got out of bed, the earliest for some days in the middle of a bout of flu, and realized we were only down by a few percent. I set up limit sales in Bittrex about 1% above current market price, three of which were filled in the next hour, so then I manually closed the limit orders and sold as market orders. In $ terms, a 15.9% loss, but in BTC terms, a 1.8% loss. It felt a lot better than a 16% loss.
In the next hour, I watched the prices of BTC and ONE tokens on the crypto.com exchange, and bought the ONE tokens within the hour at about 0.5% in my favour. I then spent another hour watching the CRO and ONE prices move 1.8% in my favour and committed to buy more ONE tokens for my DeFi Kingdom liquidity pair. A good morning’s work with a better than expected outcome.