7 crypto phenoms describe the portfolio wreckage they suffered in the crash. He also talks about how they adapt to their new realities. They also share altcoin projects that they will receive in the crash.
Cryptophenomena interpret crash and explain altcoin baskets
Adrian Zduńczyk
, Founder and CEO of The Birb Nest ‘This definitely caught me off guard and my portfolio took some hits,’ says Adrian Zduńczyk. So why was he caught off guard? Zduńczyk attributes this to the rapid change of global events that put a lot of selling pressure in the market. He believes the downward spiral began with the default of Chinese megadeveloper Evergrande. Then he sings of increases in interest rates and finally the war in Ukraine.
Meanwhile, Zduńczyk predicted that other major cryptocurrencies, including Ethereum, Litecoin, Chainlink, Polkadot, Solana, Cardano and Polygon, would follow Bitcoin based on historical patterns. However, these cryptos are currently down between 76% and 86%.
He states that his losses are in the middle of the six figures. However, he states that he makes his bets based on long-term views. That’s why he says he’s holding his positions either way. Meanwhile, he plans to buy more Bitcoin, Ethereum and Litecoin as their prices fall.
John Vasquez, aka Coach JV
Crypto influencer John Vasquez has more than 1 million followers on TikTok. “I was expecting a bull market,” Vasquez said. I was waiting for it to go up. It was absolutely shocking to see him fall,” he says.
Best altcoin choices for bull run are Ethereum, Ripple, Vechain, Crypto.com and Decentraland. These altcoin projects are currently down between 64% and 88%. The crypto portfolio is down about 70%. But he says he kept his calm and moved on. Vasquez looks at projects that he believes have strong fundamentals and will survive the downturn. In this regard, it continues to buy the decline.
Brenda Gentry, aka Cryptomom
Brenda Gentry, “LUNA was caught off guard for collapse. But I was prepared for a downtrend,” he says. Gentry is particularly optimistic about investing in decentralized finance (DeFi) projects.
Gentry makes a living on Ethereum both by receiving money from the projects it consults and by turning its positions for profit. But most of its ETH is now in stablecoins like USD Coin and Tether.
David Gokhshtein
, founder of Gokhshtein Media, was expecting $100,000 Bitcoin and $10,000 Ethereum by the end of the year. When the Fed announced a second rate hike, he didn’t expect Bitcoin to drop this much. He thought that crypto would see a drop of between 10% and 15%.
Gokhshtein believes that the collapse of the Terra ecosystem is pulling Bitcoin and the altcoin market down more than it should. For him, on the other hand, this is an excellent opportunity to acquire more Bitcoin and Ethereum.
Founder of Token Metrics Ian Balina
Ian Balina is the founder of Token Metrics, a crypto research platform using artificial intelligence. Whale says he wasn’t as surprised as some of his peers when the bull run wasn’t extended. He also states that his personal portfolio has decreased by about 80%. However, as a value investor, his book of tactics is to sell in bull markets. This means that it started to make profits in September and November of 2021.
An altcoin that he thought would fend off the bear market was Terra (LUNA). Back then, LUNA was one of the top 10 cryptos. “So people didn’t have to worry too much about it,” says Whale. But in early April, the firm’s flagship AI indicator began to give a sell signal for LUNA. The token then exploded on May 4, about a month later.
CryptoWendyO, crypto trader and influencer
CryptoWendyO hosts ‘The O Show’ on YouTube. Phenomenon says his losses are in the top five or close to six. WendyO does everything from crypto news to technical analysis and educational how-tos. One of his main strategies is to reduce risk by regularly taking profits but leaving some money on the table. He calls this approach the ‘moonbag strategy’.
WendyO says it sold 60% of its crypto holdings in September. His biggest losses came from the DeFi tokens he bet on in the summer of 2020. Since then they have either completely disappeared or dropped to 80% to 99%. Meanwhile, it holds USDC. He also trades short-term to make 10% to 20% profit. As for long-term investments, he is not betting anything at the moment.
Ken Mack, crypto investor
Ken Mack, de-pegging of Terra’s stablecoin UST, which you follow atKriptokoin.com He certainly wasn’t expecting it. This is a crash that cost many investor tokens, which is attractive because it is pegged to the dollar. Terra says she took a bad hit when she collapsed. It also admits that it lost approximately $1.3 million in combined value in UST and LUNA.
Still, the bulk of the cryptocurrency resides in stablecoins, primarily USD Coin, with some in Tether USDT. He plans to buy back Bitcoin when its price drops to around $19,500. He believes this is likely. There are also set buy offers for up to $13,700 or even about $11,000. However, he notes that the deep decline may be very short-lived and may not be able to execute the lowest buy order.
