As crypto increasingly shows more staying power, I was curious what as to ratios of BTC, Ethereum & "Other" crypto investors on Steem generally liked. Consider "Other" the sum of all other alts.
- BTC %
- ETH %
- OTHER %
I'm asking about a long-term portfolio that you'll hold, not trading.
I'm personally not too fond of most alt coins as too many overpromise, underdeliver... or never deliver. Some even are shells. Some fork...
I expect that some will survive and thrive, but I don't like to lose money on lottery tickets. I'd rather follow the money and masses of developers. For alts to interest me, it'd probably need to be something I could find useful for myself. Two examples could be Zcash (ZEC) for privacy, or LTC to use with friends, since I'm projecting that many of them will eventually buy that as significant amounts of BTC will likely out of their reach.
Sooo, I'm curious about what ratios Steemians may have to gauge where I stand. I'm comfortable as is and sleep well at night, but that's mainly because I've learned to stay away from smaller caps and unproven hype.
In this exercise, I'm trying to challenge myself to think this strategy through every once in a while to make sure I'm not too biased.
This isn't a profound post. I think that the reflection exercise and discussion is where the value would be.
Furthermore, if you have any coins that you're super confident in, please feel free to share which and why.
Thank you,
@steemmatt
Well, XRP and ADA are pretty promising as they both have been having major developments lately so I feel comfortable putting money in those baskets.
One more thing though, is that I have been really getting a grasp on how Steem and Hive can make a sustainable profit and potentially get me, personally out of the rat-race.
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Do you keep these as modest %'s of your portfolio or have you rolled the dice??
After the communities split to taint my faith in DPOS on small cap tokens, Steem and Hive are going to be manual mining tools > Blocktrades for the coins I'm saving. Without any hardware or costs, it's a no-brainer. Slow but steady no-risk crypto!
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Well honestly I don't really look at the %. Though majority of my bet is on Ada as it has around half of my portfolio. But this will definitely change once I get to sell this year's produce of our pistachio farm, and buy more xrp. :)
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Wait, what, pistachio farm? Pictures??!
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No produce on them yet though hehe! The harvesting time would at the end of summer. :)
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I'm mostly in the other category, but I would like to get more ETH
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Any interest in BTC or that's not your jam?? Others are much more attractive for their price point/Alt season allure, but I can't seem to get intrigued enough to pursue them. Even with Steem, as much as I used it, I didn't buy it except 300 Steem back in the Fall of 2017, which I quickly sold. I feel more secure in the other main coins whereas I can always buy Alts later from those. Or, in super small sets, use Steem and Hive to trickle liquid rewards now that I'm done powering down.
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