It's been exactly a week since I posted. Last post was very rushed and I didn't exactly delve into my portfolio, but I'm back with the regular updates. For those wondering how Japan was... it was good.
WEEK 9
Total Portfolio Profit: $10,871 | 307%
Week to Week Profit: $5,097 | 100%ish
*Disclaimer: I'm counting the 'week to week profit' from my last update which was week 7. That's why the weekly profit is so high
You know, it's pretty crazy at this point how much money people are making in the crypto-scene. I mean if you look at my portfolio, I'm basically making $1000 a week which is genuinely outstanding. I take it all with a grain of salt though. Markets are a bit down at the moment, and my BTC play isn't paying off to well (for now).
STAND OUT PERFORMERS
NEO: NEO is the gift that keeps on giving so far this year. As I've said I love this coin and its founders. They are primed to be the Dapp and ICO platform of Asia, and as we all know, Asia loves their cryptocurrencies. Would I invest more now? Maybe wait for a dip. I could see it going below $100 at least once more and that would be a perfect time to pick it up. I bought this baby at an average of $28 3 months ago. 4x over 3 months, don't look down on this. NEO is one of the coins that will be around for a while, a great long term investment. I see it going at least $300 by end of year, but didn't see it going up this quickly. Maybe it'll go $500? God I hope so.
DISAPPOINTMENTS
BTC: I've been calling a BTC bull run for a couple weeks now. It's not eventuating, but I'm still holding onto it. It's still the numero uno coin out there, and any pump is doubled with BTC purely because of the brand equity it holds.
FINAL NOTES
I was able to have a good week off from crypto while in Japan. I only checked my portfolio once a day (at most). This was really nice. I can come back into the scene revitalised and ready for the stress and highs of the year. I suggest this being done once a quarter, especially if you're only a long term holder. Remember, pick coins you know and you believe in long term. E.g. NEO. I'm not even taking profits off of this thing. I have my position and will take profits in maybe... two years. I really believe in the coin and want to see my profits go as far as they can.
That's all this week. How are your portfolios going?
Nice. I bought GAS but not NEO. Up 2x since I bought but I'm long term HODL. What do you think?
Buy some NEO and you get GAS along with it! However, as long as NEO moves up GAS will also move up :)
From what I saw it's tiny amounts of GAS and the GAS grows at much slower rate than NEO. No?
how do you think about the price of btc earlier this month the price is getting down?
It's dropping but I think this is a good time to buy. Whenever a coin is under its previous highs by 25% or more I consider that a good entry point.
This post has received a 5.02 % upvote from @boomerang thanks to: @cyrptoreports
One of the best real world uses for Crypto at the moment with great potential. Makes up a major part of my portfolio! cheers mate