What I'm Doing With My Crypto Portfolio Today

Originally written in July 2022.

For crypto enthusiasts, things are starting to look a little dicey. Crypto lenders Celsius and Voyager have both stopped withdrawals and rewards for customers.

The LUNA crash hasn't instilled confidence in algorithmic stablecoins. Even "blue chip" cryptocurrencies like bitcoin (BTC) and ether (ETH) are much lower than they were earlier in the year. Bitcoin is back below $20,000 and Ethereum is barely above $1,000.

As a result, many people are wondering what's next for crypto, and asking what I'm doing with my own crypto portfolio. Here's what's happening and what I'm doing with my own holdings.

Why Is Crypto Crashing?

Nearly every cryptocurrency is in a bear market right now, mirroring the down stock market. There was some speculation that cryptocurrencies would move opposite to stocks and provide a hedge, but so far crypto has moved with stocks.

There's a lot of uncertainty in the markets, and cryptocurrencies are behaving the way riskier assets normally behave in uncertain times. As we worry about heading into a recession, and as the Fed raises interest rates to control inflation, many people move out of riskier assets.

Stocks are considered riskier than bonds and cash, and cryptocurrencies are considered riskier still. With economic and political upheaval, it's not much of a surprise to see big swings across major asset classes.

Crypto also hasn't achieved widespread adoption. Cryptocurrencies remain a speculative asset class, with no guarantee that blockchain technology will replace our current web infrastructure.

There are also concerns about regulation and the possibility of digital currencies issued by governments. Some believe governments could regulate crypto more heavily while introducing digital versions of their own currencies. If there's a digital dollar, the speculation goes, what need is there for other digital currencies?

While some believe that decentralized finance and a truly free monetary system require a decentralized medium of exchange, the masses don't appear ready for that approach. They might be more likely to trust a digital currency issued and backed by their government.

All of this is feeding the current crash. It has many casual crypto investors and speculators spooked, while some enthusiasts maintain that the best digital currencies will get through this and be stronger for it.

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How Does My Crypto Portfolio Look Today?

My personal portfolio is well up. I was fortunate to buy most of my crypto before 2018. Since then, I've bought new altcoins here and there when they seemed promising, and I even ran a Dogecoin experiment.

I sold half a bitcoin in early 2021 when the price was around $32,000 and another half a few weeks later when it was closer to $45,000. I also exchanged some ETH for USDT to use a decentralized exchange (DEX) that didn't accept dollars. Then I bought some PAXG and KCS. ETH was at about $2,500 at the time, much higher than the roughly $50 I originally paid for it.

Because the bulk of my crypto portfolio is in BTC, LTC, XMR and ETH bought before 2018 (or early in 2018, in the case of Monero), my personal holdings are still well up.

Overall, I've probably invested less than $3,000 of my own money in crypto, and I've already taken profits many times that.

The portion of my portfolio I keep on Coinbase, to run experiments and keep a supply for use on DEXs, is much lower. These are assets I transferred to Coinbase from cold storage or bought there. As of this writing, I'm down $548.68 on the small amount I hold on Coinbase.

With my overall position still very good, I'm not in a position to worry about a further crash. I'm lucky in that way. I've already taken large profits from crypto, so losing money now is nothing more to me than a tax deduction, if I decide to lock in the losses by selling.

Am I Going To Do Anything New Or Different?

No. I'm not doing anything at all with my crypto portfolio. I've considered buying more of some coins with prices so low, but so far I haven't seen a strong reason to buy more of any particular coin. The "blue chips" are still much higher than what I paid for them, and I'm not sure any of the altcoins have the staying power to replace them.

So I'm staying put.

I haven't even "bought the dip." For the most part, I'm letting it ride. I can't predict whether blockchain technology really is the future. There's no way to know whether the regulatory frameworks many countries are wrestling with will help or hurt crypto. And who knows if technology like hashgraph will leapfrog blockchain and become the true future of web infrastructure?

With everything going on, I'm not interested in making major changes. I'll step back and see how things go. If I sell some of the coins I've had for longer, I'll owe capital gains taxes. If I sell more recently bought assets at a loss, I can use those losses to offset gains or reduce my taxable income.

For now, my approach is "wait and see." We're likely heading into a recession, and the cryptocurrencies that make it through this crash are more likely to last, assuming the whole thing doesn't come crumbling down, what with issues at Coinbase and rumors about Crypto.com.

My Approach To Cryptocurrency Investment

Even though I find blockchain technology fascinating and promising, I see cryptocurrency as a speculative investment. I don't know whether it will reach critical mass or be widely adopted. So I limit how much of my portfolio is in crypto. Generally, I like crypto to be between 5% and 8% of my total holdings. (At one point, when prices were near their peak, it accounted for almost 12%.)

When choosing cryptocurrencies, I look at the potential use case and for a token with value beyond price movements. I also look at liquidity, since I prefer coins that are easy to buy, sell and trade. I have some coins staked, and yield farming has been profitable for me in the past, but I don't rely on those tactics for long-term success. We've seen that big rewards can be short-lived, and some of these projects become over-leveraged or are revealed as scams.

Most of my investment portfolio is boring, made up largely of stock and bond index products. When I do run an experiment, such as buying memecoins like DOGE or SHIB, I try to get in early in the hype. Then, when I double my money, I take those profits. I might leave some invested in the coin, but I prefer taking profits to letting them run. Likewise, when I earn interest from staking, lending or farming, I convert it to cash as soon as I can.

Because I'm a conservative investor by nature, and more interested in taking profits than keeping money in a risky and uncertain asset, I've done fairly well. My overall crypto portfolio is way up, and my experiments have produced good returns, even if I'm not a crypto millionaire.

Bottom Line

Even though I like crypto, I view it as a speculative asset class and limit my exposure to it. Rather than trying to grow my wealth to a specific number, I approach investing as a way to support my lifestyle now and in the future. Most of my investments are in index products, and I treat everything else as gravy.

So I'm not trying to beat the market or time my way in and out. I focus on what helps me reach my own financial goals. As a result, I have what I need, enjoy a little fun with crypto and don't have to worry as much when the market is crashing.

Update: What Has Happened Since July 2022

The crash I wrote about got worse before it got better:

• Celsius and Voyager went bankrupt. Voyager filed for bankruptcy on July 5, 2022, and Celsius on July 13, 2022. Both shut down, and customers got back only part of their money through the bankruptcy process. See our crypto savings rate tracker for lenders that are still operating.
• FTX collapsed in November 2022, and bitcoin fell to about $15,500, its low for that cycle.
• Coinbase and Crypto.com survived. Both still operate, and the SEC dropped its lawsuit against Coinbase in February 2025.
• Bitcoin recovered. US spot bitcoin ETFs launched in January 2024, bitcoin passed $100,000 in December 2024 and set a record of about $126,000 in October 2025. On Nov. 1, 2026, it traded at about $78,000 in Cult of Money's market snapshot.
• Monero got harder to buy. Binance and OKX, two of the largest exchanges, no longer list XMR, though Kraken still does.
• KuCoin left the US. In January 2025, KuCoin pleaded guilty to US charges of running an unlicensed money-transmitting business, agreed to pay about $297 million and agreed to exit the US market. Its KCS token still trades on KuCoin and other exchanges outside the US.
• No digital dollar. A January 2025 executive order bars federal agencies from creating a US central bank digital currency.

FAQ

What Happened To Celsius And Voyager?

Both crypto lenders froze withdrawals in mid-2022 and filed for bankruptcy that July. They no longer operate, and customers recovered only part of their deposits through court-approved distributions.

Did Bitcoin Recover After The 2022 Crash?

Yes. Bitcoin fell to about $15,500 in November 2022, passed $100,000 in December 2024 and reached a record of about $126,000 in October 2025. It has been volatile since, trading at about $78,000 on Nov. 1, 2026.

Can Crypto Losses Reduce Your Taxes?

In the US, yes. Selling crypto at a loss creates a capital loss that offsets capital gains, and up to $3,000 a year of extra losses can offset ordinary income. Read how to report crypto losses on your taxes. Rules differ in other countries.

How Much Of Her Portfolio Does The Author Keep In Crypto?

Miranda aims to keep crypto between 5% and 8% of her total holdings, with most of the rest in stock and bond index funds. That is her personal approach, not a recommendation. See our page on whether your asset allocation should include crypto.