Holdings at present:
1.02 BTC (now short)
200 EOS
20 ETC
3.88 ETH
1156 IOTA
25 LTC
212 OMG
100 QTUM
400 STEEM
81.20 WAVES
10 XMR
1000 XRP
15000 LKK1Y
Ok so lets break this down. I've been involved since around 2013. I had at most 2 bitcoins at about 400$ each and 26 ether at roughly 12$. I cashed out during the pump in May this year and missed out on serious profits.
Details and reasons on shorting Bitcoin at the bottom of the article.
Breaking down the holdings:
1.02 BTC -
This is a recent position. I'm now finding it hard to see the reasoning for dramatic gains in BTC in the short term. It does look like it has long term value. When they originally said there would only be 21 million Bitcoin ever and then suddenly they print 21 million Bitcoin Cash out of thin air...that sends out alarm bells. I've had a change of heart here already and decided to get out of BTC entirely for the moment as the craze in altcoins is rising and I think BTC might be in for a short term correction.
I am tempted here to open a short position to hedge against any dramatic crash coming
200 EOS -
I have little or no understanding of EOS and just took a speculative punt
20 ETC -
Ether Classic appears to be stable and good value at the moment. Should Ether keep rising expect Ether Classic to follow so it looks like one that has potential to go to 100$
3.88 ETH
Ether is still on the rise and you would expect it to rise to close to 1000$ over the coming 2 years. Based on the more dapps that come online on the Ethereum platform and the usage will ramp up.
1156 IOTA
This is one of my favourite picks and also a good hedge against the blockchain. The tangle network has no miners. Transactions are fast and IOTA could come good. Only 1$ now and wouldn't be surprised if this takes off to 100$ very soon
25 LTC
Litecoin also very interesting. With the recent SEGWIT Bitcoin has now effectively teamed up on lightening with Litecoin and Vertcoin. Litecoin has always been Bitcoins silver and it is a sleeping giant at 50$. This could easily explode in the coming years to 500$ plus. The technology has been around for a long time and follow Charlie Lee on twitter. They have good people behind it
212 OMG
OmiseGo is a real life company and will supply bank accounts to alot of underdeveloped countries inhabitants. You also get like a dividend in the future on your tokens the more successful the payment/banking platform is.
100 QTUM -
The Chinese Ethereum. Expect QTUM to come good if it turns out to do what it plans. Speculative but can be rewarded.
400 STEEM
Steemit, the new reddit. Expect this also to come good. I dont see massive gains on STEEM but a solid platform and consistent revenue.
81.20 WAVES
The WAVES platform looks like a sleeping giant also. If the russians can compete with QTUM, IOTA, ETH and come off successful WAVES could stand out from the crowd.
10 XMR -
Monero - Could it replace Bitcoin? Its anonymous... It releases a tiny percentage once supply has been met. Monero is not finished yet and the talk is 1000$ soon
1000 XRP -
Ripple - too much hype. Bought some as speculation. Risky and dont see much upside on this anytime soon.
15000 LKK1Y -
Lykke, one of the perhaps missed opportunites. Backed by the number one FX currency exchange in the world. This platform is revolutionary and has Limit Orders coming online and allowing businesses to do ICO's. Lykke could be the new stock market company and FX exchange for crypto and fiat. I'm heavily invested in Lykke and expect it to shine. It only needs a fraction of the currency market and ICO's to turn into a billion dollar company. Advise is buy LKK1Y forward contract, activate them and lock it away with a 5-10 year view
The case for shorting Bitcoin:
Bitcoin doesn't appear to have any immediate gains left in it at the moment. It has come to a halt around the 4000-4500$ range. If it break through 4500$ it should continue to make 5000$. A correction is long overdue and anyone who has been involved in these markets for a few years will know the dramatic corrections can occur. In the short term I am getting out of Bitcoin to look at gains in other alt coins but I will go short in a leveraged trade for small amounts triggered at point rising to 5000$ a Bitcoin. In the event there is a coming collapse you will have hedged yourself and may even make a nice profit. If resistance levels are broken as Bitcoin goes up you can cancel your trades and take small losses along the way. I still believe in the long term Bitcoin outlook but a correction is long overdue and in the current environment shorting is a good option!