If you're new to cryptocurrency/cryptoassets and you're trying to put together a portfolio of assets, in this video I talk about how to create a diversified crypto portfolio by asset sector. While diversification in crypto can be a "loose" term, it can also help you capitalize on gains in the long-run from pumping coins.
As always, I am not a registered financial adviser and the purpose of this video is to encourage you to do your own research and make informed decisions on your own.
A sample of creating a diversified crypto portfolio by asset sector:
Crypto Asset #1: Bitcoin (or Bitcoin Cash if you're into that)
Crypto Asset #2: Platform type cryptoasset - Ethereum, EOS, Cardano, NEO, Qtum, Lisk, etc
Crypto Asset #3: Privacy cryptoasset - Monero, ZCash, Verge, Nav, etc
Crypto Asset #4: Decentralized Exchange - OX, Kyber Network, BitShares
Crypto Asset #5: One Moon Shot or Favorite Coin - Whatever you like
My current portfolio for transparency: https://cryptobobby.com/my-portfolio/
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
This is an excellent idea... I actually never thought about decentralized exchanges before. Thanks for the tip.
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my head is not on straight, i have 7,000 different assets. or at least a lot. I have like 79% in steem and btc, then 5.5% ltc, 3.5% eth and 3.5% dash, then bunch of moonshots/staking coins
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Sometimes I find it helpful to have a smaller amount of crypto just to keep my head from spinning
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haha yeah that's probably the smart approach.
i just can't resist the allure of holding a bunch of small-ish bag of alts, because even if they all crash and burn, who cares; and if just one of them succeeds, then that's awesome.
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@cryptobobby Keep up the solid #crypto / #bitcoin posts and podcasts. I really like figuring out diversification, and asset allocation strategies. Thanks for keeping it real.
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Hello :) Advertise your website or media channels to a large crypto and blockchain audience here https://cryptopiece.com/
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I'm surprised you are not suggesting BITFINEX for diversified portfolio. Why not? Is it also impossible for you to get an Invitation Code? IF ANYONE can get an Invitation Code to Bitfinex for me I would appreciate it. By-the-way, can you guess where blockchain was invented and used thousands of years ago? #bitfinex #invitation #blockchain #bible #altcoins
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They are no longer even asking for a code, they say it will be back open on January 15th.
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great post like it and upvoted
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@cryptobobby Thanks for sharing this valuable information... I'm new to this so it's helping me a lot. I just saw a post about an ICO for coinseed....I'm not sure if you know about it but my question to you is should I invest in the pre sale of those new cryptocurrencies, or should I keep my portfolio around just the big ones?
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Great idea, I like your approach with the platforms and industries distinction :-)
What are your thoughts on my approach?
https://steemit.com/cryptocurrency/@cryptotem/the-70-30-cryptocurrency-investing-portfolio-approach-updated-v1-2
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