Diversifying My Crypto Investment

This is Crypto Paboo again, your ordinary crypto investor.

If you haven’t read my first post yet, please read it so you will know where I am coming from.

Getting inside the Ordinary Crypto Investor’s mind

What did I do with my new Capital?

First, I invested in Bitcoin (of course), the mother of all cryptocurrencies as they call it. I put a good 20% here knowing that this drives the rest of the altcoins. It also shows the overall dominance of bitcoin which ranges from 30 – 50%. I believe this coin will go a long way. Ask John McAfee on his bitcoin prediction 🙂 – crazy but you never know.

After Bitcoin, my next investment was Ethereum. I want to discuss this in detail in my future article since as a Software Developer, I understand the technology and believe what this can do. I invested another 20% to Ethereum as I consider Bitcoin and Ethereum are the two main components that will drive this crypto world to the promise land.

My learning Investment (15%)

You may be shocked but I got into Bitconnect, yes the infamous Bitconnect who fooled a lot of people and again – yes, including me – BITCONNECT!!!!. I moved some of the Bitconnect profit (forget the losses) to another lending project called Davor which yet again, failed. I understand now, with these two allegedly “exit scammers”, a lot of people lost hope in this crypto promise. However, I took these as trials and challenges I have to overcome before I can succeed – my learning investment.

“What to do with a mistake: Recognize it, Learn from it, Forget about it” – Dean Smith

Crypto currency Mining (20%)

Then there’s this mining. Mining, at first (well even until now), is a pretty cool knowledge I acquired which made me understand more how everything works. This painted the whole picture from coins or tokens to the blockchain. There’s this staking too but that’s another story :). I wanted to build my own miner but didn’t have the time to investigate the best one. Instead, I invested in cloud mining (ccgmining and hashflare) with another 20% of my capital: mining Bitcoin, Ethereum, and ZCash. Mining profitability was pretty high back then but recognizing difficulty will eventually rise. Having to contribute to solving blockchain problems using mining made me feel like I am part of the community while earning as well in the process. I think of this as my passive income.

Altcoins and Tokens (15%)

Reading white papers and researching teams became my routine day and night. I am astonished at how brilliant ideas were pouring out utilizing the blockchain technology. To be part of this new era (a revolution), this early, is fascinating and can’t wait to tell the next generations how this all began. This brought me to my next 15% – the altcoins and tokens which I truly believe have bright future after immense research. Obviously, as a developer, I put most of them in the platform baskets from Cardano, EOS to NEO. I also have good positions on Ripple, Litecoin, and Stellar Lumens. These have legit teams that are willing to move to the next level and, like me, believe that we are building the future.

Initial Coin Offerings (ICOs)

The rest of my capital went to ICOs under $100,000 market capacity. Big risk but huge reward as everyone calls it. Did my due diligence from researching the project, checking the hype, to talking to developers regarding their future plans. I picked those with masternodes first so I can run one node each and grow it over time considering the value can grow as well. I also put some on projects with less hype but have a good upside. These are projects that are hit or miss, come and go, but you never know. Blessed on some of the hand-picked projects with over 1000% profit and of course, some are also moving sideways. You win some, you lose some.

Next up: Getting Free Cryptos