Hey Friends,
Checkout this fantastic article recently posted on Cointelegraph.com. Like many others, I've known about cryptocurrency for years but have not invested until the recent uptick in exposure.
Please read the below and let me know your thoughts...do you agree?
A large number of investors have started to purchase cryptocurrencies as a short-term and long-term investment, a safe haven asset and an experimental investment to develop a proper understanding of the market and the technology behind cryptocurrencies such as Bitcoin.
As a result, even the initial coin offering (ICO) market, which is yet to showcase a viable product or a decentralized applications with an actual active user base, have begun to attract hundreds of millions of dollars in the past few months.
In fact, Tezos, Bancor and EOS, the three largest ICOs to date, have raised more than $485 mln, with the ICOs of EOS and Tezos still ongoing. However, none of these three ICOs have completed the testing phase of their software, leading many analysts to describe the ICO market as a bubble.
Still, the vast majority of investors in the cryptocurrency market are purchasing cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ethereum Classic as long-term investments.
A large portion of investors within the cryptocurrency market wholly support the monetary policy, vision and purpose of popular cryptocurrencies that have evolved into useful alternative financial networks and decentralized infrastructures for decentralized applications.
What is a balanced cryptocurrency portfolio?
As mentioned above, the purpose of investing in cryptocurrencies varies greatly for investors. Most Bitcoin investors consider Bitcoin as a safe haven asset and a digital currency and have purchased Bitcoin expecting it to become a major alternative financial network which could compete with global banking systems and reserve currencies such as the US dollar in the far future.
If an investor remains unclear about the structure, purpose and monetary policies of certain cryptocurrencies and is investing in specific cryptocurrencies as an experimental investment to learn more about the market and various cryptocurrencies, it will be smart decision to maintain a diversified portfolio of a few different cryptocurrencies.
Investment tip from Andreas Antonopoulos
On June 13, Bitcoin and security expert Andreas Antonopoulos revealed his personal investment strategy in establishing a balanced portfolio of crypto assets. Antonopoulos wrote:
“Yes, I own a few different crypto assets as part of a small but diversified portfolio. I only risk as much as I'm willing to lose.”
The latter part of Antonopoulos’ statement is what most investors in the cryptocurrency market fails to consider. The entire cryptocurrency market is still at an early stage, and most cryptocurrencies remain extremely volatile. Hence, investors should not be investing more than they are willing to lose, especially if their investment is experimental and speculative.
Also, it will be beneficial and efficient for investors to utilize platforms such as Cyber Fund’s cryptocurrency portfolio builder Satoshi Pie, which allow investors to track their investments in real time in terms of change in value and performance against other assets.
Source for Article and Images:
Cointelegraph
Hey Friend .. That is Pretty amazing, I was just Shocked to see this... Good Effort and welldone.Follow me to Get amazing and latest Information Tips Trics and Pictures.. Thanks :)
My pleasure - I was a little iffy to post an article that is out there on the interwebs but i noticed that it wasn't shared on Steemit and that it could be 'of value' to others, like myself.
You now have a new follower :)
-JackThaR1ppir
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/how-balanced-cryptocurrency-portfolio-looks-like-investment-tips
I feel glad when reading this that this is exactly how I have put together my portfolio!
I'm the same exact way...especially with the volatility of the market and being new like I am. It's good to have some reassurance from time to time.
Thanks for the reply.
-JackThaR1ppir
This post has received a sweet gift of Dank Amps in the flavor of 5.00 % upvote from @lovejuice thanks to: @jackthar1ppir. Vote for Aggroed!