Hi fellow crypto investor!
Today I’d like to share another update on my strategic cryptocurrency portfolio.
I keep these updates quite short and to the point, but would definitely like to discuss things in more details. The main goal of these updates is to spark a discussion on what might be the ideal coin distribution within a strategic long-term portfolio. So definitely share your thoughts in the comments :-)
Current distribution
The cryptocurrencies below make up at least 70% of all the coins that I hold at the moment of writing. They are the ‘Core’ segment of my portfolio as described in my post about the 70% Core / 30% Play Money approach to crypto investing.
Changes since last update
I still hold the same eight cryptocurrencies in my long-term portfolio (which is also sort of inherent to long-term investing), but with some changes in weights. What stands out is that three cryptos combined (BTC, WAVES and ETH) are now more than half (56%) of my Core segment.
Now SegWit is locked-in and we’re in this grace period until August 21st, uncertainty around BTC investment has decreased and therefore I increased the weight of BTC to 20% again.
Neo skyrocketed in the last few weeks. I took some profit and used it to buy more of the other cryptos, especially Waves. In my opinion Waves is something to pay attention to. They lack the marketing machine Neo has, but have a very promising project on their hands. Great wallet, a decentralised exchange that starts to get some serious traction, fiat gateways, an interesting roadmap and simply scarcity because supply is capped. This is why I increased my exposure to Waves to 20%.
For those of you that are interested in what I did with my Bitcoin Cash: I sold it all and strengthened the Core segment ;-)
I hope these updates inspire people to think long-term about crypto investing, because crypto and blockchain are here to stay!
Please share your thoughts in the comments and let’s discuss :-)
---> 👍🏼 Follow me for regular updates on my cryptocurrency portfolio, recent crypto purchases, crypto research or just some Dice Challenges to train your brain ;-)
---> 👍🏼 More on my 70% Core / 30% Play Money Portfolio Approach
---> 👍🏼 Resteems are appreciated!
Disclaimer: I am not a financial advisor, trader or developer. I am just a crypto/blockchain enthusiast. Please do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.
Seems like a fairly low risk portfolio... Strong dominance with BTC and ETH.
Have you been tracking the recent success of ICOs? Were you able to get any of these cryptos during the ICO phase?
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Yes that is correct, this is the Core segment (long-term) of my portfolio. In the Play money segment there are more risky cryptos ;-)
I haven't participated in any ICO yet and I don't think I will in the near future. A lot of ICO's don't have a product yet or are in very early stages. I prefer to wait it out a little and see. I might miss out on some big gains that way though...
Which ones did you participate in?
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Fair enough. ICOs are definitely the riskiest time to invest since its pretty much an idea only during the time of investment. However, it does produce great gains since you're getting the coin at a very reasonable price.
I've been in on a few ICOs actually: BQX, DNT, Agrello, & Substratum. There's a few coming up too with Enigma, Monetha, and Red Pulse that have caught my eye! Hope this helps!
Cheers!
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Hmmzzz...interesting :-)
Maybe I will take a look at them. Thanks for elaborating!
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This is a nice approach to portfolio management, and I do something similar. Although recently NEO, XEM and IOTA are creeping their way into my core holdings. As they have been doing pretty well. My confidence for them in the long term is also growing.
Civic DNT and SAFEX are my "play coins" but again they look to have potential so could well end up holding them for the long haul too.
What do you make of these coins?
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Cool, will you post about your portfolio here on Steemit as well? :-)
I have to say that I haven't done any serious research on the coins you mention, except for a little bit on XEM and quite some on Neo.
Neo seems promising and I am very curious about the first ICOs on NEO. To me, they now have to prove themselves first before I invest more, but I do believe they will show some good things. I would like to see some ICOs on their platform, a better wallet, clear documentation in English and proof of the effectiveness of their consensus mechanism :-)
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I hadn't considered it before, but I might do now.
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Thanks for the update!
As I am rather new to the crypto business I am very interested in thoughts of more experienced crypto investers like you @cryptotem! I will be starting to write my own blog posts next week in which I will write about my own experiences as a newbee in the world of crypto!
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Welcome on the crypto train @netcrypto!
Good to hear you find these updates useful. I might have some experience with investing, I am definitely not a professional so always do your own research :-)
I am curious about your experiences and will read your post!
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Why waves? For me i'm jist not getting a good vibe from waves... Ripple i'm not a fan but i understand why some people are. All the others i agree! And one tip for as far as we can already tell, it looks like bitcoin cash has a negative correlation with bitcoin and thus with mostly all other coins. If you're looking to mitigate the risk, bitcoin cash might be the way to go. However the assumption about the negative correlation is based on my observations over a very short period of time (because bitcoin cash is so new). So i might be wrong!
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Thanks for your question. Waves for various reasons :-)
It is one of the projects that actually has a good working product and they do what they say they do. Sasha is a knowledgeable guy, understands real world challenges and not only the technical ones and he is Russian, which somes in handy when you want to tackle real world challenges like crypto legislation (i.e. now legal and fully compliant ICOs on top of Waves through Tokenomica).
An interesting talk by Sasha @ Genesis Moscow a few months ago that gives you more context:
The main reasons for me to include Ripple is its relative low correlation to the others, great tech that actually is used by a lot of banks, very professional team and clear use case (getting down those transaction costs in the financial world).
Hope I made it all a bit more clear this way!
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Yes it did, i will actually have a deeper look in to waves now. The lower correlation with ripple is a good point but then you should take bitcoin cash into account also!
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Correlation wise that is true, but I don't see a clear use case for Bitcoin Cash that Bitcoin doesn't fulfill. I believe mining Bitcoin Cash is more profitable than Bitcoin itself right now, would be interesting to see what that does in a few months.
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Good update @cryptotem!
I did as well a few changes in my portfolio that I will publish shortly.
Take a look on EOS. It can be a good testing candidate as well.
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@toofasteddie; please publish your report. Looking forward to it.
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Interesting, looking forward to it!
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Great article. There seems to be a lot of profit taking in the market recently. Bitcoin cash is the only thing I have that is actually up today.
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Quite nice to have that one at the moment ;-)
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This post received a 4.2% upvote from @randowhale thanks to @cryptotem! For more information, click here!
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This post has received a 1.56 % upvote from @drotto thanks to: @banjo.
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