Hi @cryptographic ! Syscoin was one you had in your portfolio months ago and you mentioned you sold everything for Steem and BTS, but I believe your decision to diversify again may bring good results and protect you a bit more!
One other crypto I don't know if you researched much is SmartCash. I believe this one has a huge potential and its community driven.
Regards, @gold84
You're absolutely correct, and STEEM and BTS's relative strength during the downturn were a positive. If the crypto market has gone back to positive, and I think it has, I want to be more diversified since the big upside thrusts usually come in isolation, giving you the opportunity to rebalance profits into laggards that ultimately also have their big pops too.
That is great!
What will be your top to sell lets say 15% or 20% for EOS, BTS, Steem.
For instance, EOS at $20, $25 or $40?
Steem at $6 $8 $10 $12?
BTS at 0.80, $0.95, $1 $1.50 $2?
Regards, @gold84
It depends more on percentages than fixed prices. If a 10% holding grows to 15%, you might do some selling and use the proceeds to buy a 10% holding that has fallen to 5%, for example. Since I'm so high on all of these, I'll probably use a 25% figure for those whose original size was 10%, 40% for a 20% original, and 80% for a 40%. Those are some fairly large differences basically because I think that more intermediate term all my picks should do well and also because it should keep my rebalancing needs to a minimum. I'll probably do monthly and quarterly analysis too. But I try not to pay too much attention to price and focus mostly on the percentages. It makes life a lot easier, and has worked very well for me in the past as well.
Thanks for the feedback! My question now is when is a good time to rebalance. For instance, I have EOS now, and see it has a good upside potential before its launch, so I do not know if I have to sell it now and buy BTS with it. I have Steem, EOS and BTS, and BTS is the one that needs a bit of rebalance, but I don't know when would be the best time to sell EOS and buy BTS.
Regards, @gold84