# First Update: +33%

By [0xSovereign](https://paragraph.com/@0xsovereign) · 2021-11-10

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Friends, Family, & Fellow sovereign-individuals:

### Here’s the short version –

*   October was a good month: our portfolio is up **+33%**. (~3000% annualized)
    
*   Easy explanation: all 3 crypto majors BTC, ETH, & SOL are each up ~33%.
    
*   Plan = diversify + hold: we’re entering ~90-day-phase of parabolic price discovery.
    
*   Final Reminder of the best 4 ways to be involved in crypto → scroll to bottom.
    

![BTC, ETH, & SOL all up 33% in October 2021](https://storage.googleapis.com/papyrus_images/a7e632ea465b5e3cf9766d156601103fe5dece6a2d2a5c284406a8bc23a80931.png)

BTC, ETH, & SOL all up 33% in October 2021

Performance Summary
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*   _Last month:_ September was rocky, volatile, and net-negative if you were holding a market-cap-weighted portfolio of majors (66% Bitcoin, 30% Ethereum, 4% Solana).
    
*   _This month:_ A wide range of fund-managers, crypto-traders, and analyst-degens I follow on twitter were prepping for a consolidation breakout mirroring last October 2020… and sure enough we had a similar compression-then-spring effect.
    
*   _Now:_ We still hold a balance of leading layer-1 protocols (BTC + ETH + SOL), but through rest of the year will be diversifying into a range of strategies including the 8 I shared in original doc: especially YieldingStables, MintDrops, & HyperGrowth.
    

**By the way, we’re still WAY outperforming** all other investments you & other boomers are still holding in your 401k, RothIRA, pension-plan, and CharlesSchwab account: here are IRRs over the same time period for stocks (+19%), bonds (-9%), gold (+7%), real estate (+8%), commodities (+18%), and the US dollar index (-2%).

Since COVID-lockdowns started, my personal-account IRR = +393%.

And since accepting investors shortly after, **rolling blended IRR = +80%**.

![](https://storage.googleapis.com/papyrus_images/146d49e98aa0b2cbf88dcd4c0a98ee7417583970694a9fe2f2ee80ac566d9805.png)

Plan Summary
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Below are 4 slides from my OG investment deck, but first with added commentary:

1.  **Early:** Yes, I bought BTC @ $2400, ETH @ $300, SOL @ $5 → my advice to crypto rookies is still to just buy these 3 with 1-10% of your net worth and hold forever; don’t check prices nor try to time buys/sells unless you’re trading >10 hours/week.
    
2.  **Backtest:** an all-time-high price-break is still the best risk/reward-adjusted time to buy Bitcoin and hold for the next 3-8 months; so from now until Jan-June 2022.
    
3.  **Plan of Attack:** during parabolic price-discovery above all-time-highs, usually smaller-cap tokens have higher % upside during the advance; so I’ll be rotating into them when the daily BTC.Dominance indicator tops and starts trending down.
    
4.  **Risk-Very-On:** in crypto there’s no such thing as risk-OFF, only risk-ON and VERY-ON. In the latter category I have 5 active strategies: DefiBluechips (with a better mix than Coop’s $DPI), HyperGrowth (PMF traction evident in value fundamentals _and_ price acceleration), ConvexOption (mostly calls + protective puts), MintDrops (opportunistic cheap NFTs or token airdrops), & FanFaves (yes, meme-tokens).
    

![](https://storage.googleapis.com/papyrus_images/7b316f9d4f7d93eafd11edd99c72f7da0eb3dcaa0d837e05a95e06c149815741.png)

![](https://storage.googleapis.com/papyrus_images/230ca915dcb1330b3d768717125a6df1c99a0d5b55d20b1ed9b1dd8aa1eee35e.png)

![](https://storage.googleapis.com/papyrus_images/65f5ed564079b43081899b01846ffa87abfaf9b8ee3ed32fa43d11cb20fd2b11.png)

![](https://storage.googleapis.com/papyrus_images/86a41d610b8869892220a81c7ee953f65c9c2ce86937977c02028e3e71efb152.png)

Final Reminder
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> **Let me be clear:** the next 90 days will be the most dangerous time in Bitcoin’s 4-year-cycle for crypto rookies to try trading, timing, or outsmarting the market. Please, instead of doing anything stupid, pick at least one of these four:

1.  **Buy & Hold** with a plan to not look at crypto prices for >10 years.
    
2.  **Play Around** in web3, NFTs, & crypto wild-west with money you’re okay to LOSE.
    
3.  **Jump In** full-time and join other cryptonites building a better open internet.
    
4.  **Outsource** your portfolio-management to professional help – yes, like Sovereigns.
    

As always- thank you for your support, faith, and trust to let me do what I love most: **helping friends, family, and fellow sovereign-individuals … diversify, encrypt, and grow their wealth… in a world drowning in corrupt money.**

wagmi.

– Sovereign

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*Originally published on [0xSovereign](https://paragraph.com/@0xsovereign/first-update-33)*