I have two goals with my portfolio of cryptos and to be fair Anchorman said it best "it works 60% of time, every time"
- Long term growth of capital
- Passive income generation while holding (similar to dividend stocks)
Its is quite simple, I hold my coins and pretend like massive drops in the market don't scare me. HA! I'm doing one of those well but the recent shake out made me sad to say the least. I have been around for years so seeing the great crash of 2013 made me a little more comfortable with this one, but watching your portfolio go from a value of 360k at the top to 140k at the bottom was heart breaking, needless to say I'm half way through my 12 step program to portfolio recovery. Just in the last 24hrs my portfolio has risen 36k! whoop whoop!
So what I have learned in 4 years here?
- Nothing goes down forever and nothing goes up forever
- Thor is bad at day trading (sorry for these awkward 3rd person references, actually not sorry...)
- Bitcoin leads the way
Anyway, enough chatter - here are my holding from largest to smallest and a quick reason why.
A blue chip, has more potential capture market share along with penetrate new markets given its Turing complete.
ICN is the hidden dragon, its Digital Asset Arrays along with ICNX and ICNP will be a huge market force very soon. The moment Fund Managers can create DAAs on the platform the amount of assets under management will skyrocket thus leading to large buy back in ICN from the platform fees. SLEEPING NINJA DRAGON OF MORDOR!
A blue chip, I continously think about selling my BTC but the tweet from John McAfee saying he will eat his dick on national TV if it doesn't hit 500k in 3 years really reaffirmed my holding pattern. Also first to market, largest market share.
My passive income generator. Earning Waves and Waves Tokens from leasing my Waves is a nice perk.
If Steemit is popular then what happens when Decent combines Steemit, DTV, Library and just about any other possible social media or media into a single platform? BOOM! Well maybe after awhile - the big deal for this coin was the partnership with Naughty America to help them reduce stolen video content, ohh ya porn and crypto - can't go wrong here.
I have some more... maybe I will talk about those later, maybe not. Depends how much you all like this post.
Here is a fancy pie chart showing the percentage each coin is in my portfolio.
(cryptocompare.com)
Well that's that. May the force be with you. Ohh bonus gold star if you can name the song in the beginning!
LIKE!------COMMENT!------FOLLOW!------RESTEEM!
"I ain't your financial adviser, I can barely read" - COUNT ME IN! Actually I've come to the same conclusions with my own holdings. Best strategy is slow accumulation and passive income. Following and Steeming and all that.
Unless you're a trading pro then generally a dollar cost averaging / accumulation strategy will work the best for you.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by thorthur22 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
awesome article
Thanks!
Thanks for the exposure @gaman, you the man!
Thanks @bilalhaider - I don't think its undervalued but I don't discount that it has the potential to track the rise with a lot of other cryptos. It's not a "buy" for me right now.
That's a good amount, maybe one day it will be the price BTC is now. Can you imaging have 17 BTC?!