11.22.21 Patrick O’Neil Market Moves

This is a brief explanation of what I am doing in the market this week. I will explain which tokens I am dollar-cost-averaging, as long as what I am selling also.

The Watch List

To start the week off on a good foot we need a watch list. I have way too many to count and sometimes it is hard to decide what to do with so many options and so little time. As I have discussed before, making a watch list of at least 5 tokens is very helpful for starting off and building a crypto portfolio. No one can make a watchlist for you, at this point if you have been around for a while on our site you will know we really encourage learning how to fish. Those who learn how to navigate crypto markets early will build a strong foundation. Giving a few token picks here and there can get people started, but those who learn how to buy into these watch lists with good timing and a level head will come out on top.

The list below is filtered by weekly gains/losses. Generally, we are buying into the big red dips on tokens. Ultra is a special token that has been steadily climbing since I started looking at it, I am doing something I rarely do with this token. I am dollar-cost-averaging it during its slow climb upward. Since Ultra aims to bring users and developers alike a working product for years to come, I believe people are buying into this token the way people would invest in a technology company (think Steam). As for how to pick what to buy next, this list is a list for me personally. I own ~30 different tokens, lists for people should vary based on their goals for the month or year. This list works for me because as the portfolio grows, I want exposure to larger market cap main ecosystem tokens that will bring safer more reliable gains. This list does not exclude the previously mentioned tokens because I already own comfortable positions in those projects. This is just what I am looking a this week. I do not expect these tokens to just pump in price tomorrow, I am solidifying my positions weeks to months ahead of time, this is how I invest.

11.22.21 Market Moves Custom Watch List

Using this strategy, the most attractive buys for today are BAND, LINK, LUNA and DOT. Through this weekend I did add a fair amount of LUNA from some Harmony profits (remember I’ve owned Harmony all year). I also bought some DOT; I have not yet pulled the trigger on LINK or BAND but am watching them both closely. When JOE was around 4.5$ I did sell 20% of my holdings into stable coins on Avalanche.  I also regularly earn USDC on Moon River, so I have cash flow on multiple chains to buy pegged assets. Avalanche and Moon River have token swapping platforms comparable to Uniswap. On these platforms (Trader JOE and Solarbeam) I can swap stable coins into DOT,Luna etc. but price exposure. Oasis I really wanted to start buying but it exploded in price too quickly with the Meta (Facebook) announcement. A token not on this watch list which I will provide as a little gem for loyal readers is Aavegotchi (GHST). This token is found on Kucoin and is now native to the Polygon blockchain, I have been buying it since it appeared in my November watch list article.

Market Correction

Bitcoin once again dropped to the 55k range, many panic sold alt coins at a rapid rate. These dips present great opportunities for dollar-cost-averaging. Another strategy would be to take some profit from your highest gainer into a red token on your watch list. The key is not to deploy all your capital at once. If you are interested in a token and have 1,000$, spend 250$ on 4 different occasions. Another method I really am trying to practice more is holding 10-12% of my total portfolio in stable coins to have buying power at the ready. These stable coins can be in any yielding platform you like. I prefer Terra LUNAs anchor protocol for 20% APR on UST. UST and native LUNA can be purchased directly on Kucoin. I cannot emphasize how many times I had stable coins and deployed them too quickly only to see an amazing opportunity on a token I want the following week. As always stay safe out there, this article is my opinion, not financial advice. Thank you for reading!

Patrick O’Neil

About Patrick O’Neil


Patrick is an avid technology and gaming enthusiast. Patrick taught himself how to assemble computers in 2010 and was always fascinated with the gaming market. In 2019 he decided to sell his grayscale Ethereum funds and dive into the world of crypto firsthand. 

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