Bitcoin Forum

Hello Guys,

I have built over last 8-10 months a diversified altcoins portfolio.
I have recovered my initial investment on all alts, and now I keep them for long term perspective.

I have 21 coins in my portfolio, and I think I am a little bit overstretched and too diversified :).

Giving the current undergoing dip, I thought would be a good time to simplify my portfolio and ditch some of the not so promising coins.
So I would like to sell some coins and strengthen my position in others, while reaching a target of 10-15 coins.

My portfolio is:

1	Verge XVG	14%
2	Bitbay BAY	14%
3	Stratis STRAT	11%
4	Ark ARK	9%
5	Status SNT	6%
6	Komodo KMD	6%
7	Shift SHIFT	6%
8	BitcoinCash BCH	5%
9	ZenCash ZEN	4%
10	VeChain VEN	4%
11	RaidenNetworks RDN	3%
12	Zcash ZEC	3%
13	Ardor ARDR	3%
14	SysCoin SYS	2%
15	Viberate VIB	2%
16	OmiseGO OMG	2%
17	FlorinCoin FLO	2%
18	Cappasity CAPP	2%
19	Humaniq HMQ	0.7%
20	Nxt NXT	0.7%
21	Ignis IGNIS	0.6%

So let's simplify this portfolio - what to ditch and what to keep?

Thanks.

Verge is trash. Sell it all.

The best coins you are holding are VEN, OMG and ARK. Increase your holdings in these.

Personally, I would also get rid of some of the less well established coins (FLO, CAPP, HMQ, VIB) and buy ETH and NEO.

ditch xvg, increase portfolio of ardor,rdn bring some eth if you want some stability

Personally I would sell all my Verge and replace it with some solid coins like Neo and/or ICON, maybe some Waves.
I'd also reduce my Bitbay position. Why do you have so much Bitbay? I'd go with safer bets here.
I really like Stratis, Ark, Status, Komodo, Shift.
Well, BCH is always something to discuss. Now with the lightning network coming for Bitcoin I don't really see too much of a future for Bcash.
The rest seems pretty solid. Although FLO, CAPP, HMQ are not really my coins but since the positions are small I guess that's fine since they could actually perform well.

Some BTC and ETH could also not hurt but actually I don't have them in my portfolio either at the moment since I really think my other coins can outperform them easily (at this moment). I guess overall this portfolio is pretty solid with the exception of Verge and having too much Bitbay. But you should absolutely add Neo.

I don't think it's a good idea your Top 2 coins to be Verge & Bitbay! Both are if not trash, then max mediocre projects, surrounded by hype.

Sell it and choose few others like PRL and DGRN.

I think you should remove ignis, cappacity and florin other than these altcoins are very good quality already. I do not trust these 3 projects

I had a similar problem.  Bad time in the dip this week but action needed.  Cut out the holdings that are small gains or losses.  They are the weak.  Dont keep "just in case they rise", because they'll be the ones to fall most next dip. You can always buy back in future if they hold firm and you still think they have a future.

Quite good advises, thanks all for the insights.
Wow... I didn't realize XVG is so disregarded around here :)... that's a pretty strong community statement.


Thanks Guys, I also like ARDR, ARK and OMG a lot, although I still need to be convinced by the OMG team that they are really capable of delivering.
I believe ARDR has great potential (the parent-child blockchain tech is unique) and that's why I also invested a little bit in IGNIS, their child coin.
I will add some ETH in my portfolio; interestingly enough, it was one of the few coins that resisted quite well to the current dip.


Thanks, got the point on XVG, I will research more into it and adjust accordingly. In the mean time, care to share why do you think is a trash coin?
Neo... hmm... I see it as a solid coin, but does it really have so much growth potential?


I bought XVG and BAY in June/July last year, when they were like 0,004 USD and 0,02 USD (I miss those days :)), so I'm still quite ahead in profit, even at this current low prices. Did some research back then, with BAY - I was impressed by the tech, richness of functionalities and the story of the main dev, and XVG was among the first players in the privacy coins area.
Taking apart XVG, why do you think BAY is a mediocre project? I do agree that they lack marketing skills and they are not so good at promoting their coin.

Thanks for input, I was also thinking about removing florin. Liked their Alexandria project, but the progress in the past months wasn't good.
Cappasity is touching the VR part, something new in the cryptospace, what's making you not trusting them?

Thanks for advice. No losses so far :) and you're right - I can further watch the market and do some more simplifying along the way...

Your portfolio is too much for you to follow and make the right decisions in times of market turmoil. I think you should pick out 5 altcoin to focus on your list. I am especially interested in the following altcoin: XVG, STRAT, KMD, OMG and SYS. These are good altcoin and I find that its value is still very low so it will rise sharply in the coming time.

Don't sell your CAPP, increase your position in ARK/STRAT/KMD/CAPP.....get rid of XVG on the next pump.

Why you add verge ? This coin not have future if you want serious privacy coin with good tech and growth potential you need buy Spectrecoin (XSPEC) and you can win more.

In my opinion, you have too many crypto coins in your wallet. I do not see in your wallet coins that enter the top 10. Where is the etherium?
Sell: Verge XVG, Bitbay BAY coins. Buy: DGRN, ARDR. And of course buy the etherium, and the Chinese NEO etherium.

maybe if i be you, i will just hold strat, bch, omg and i will add btc, eth, neo, ltc, xmr and xlm in my portfolio.

Good picks but very surprise you decided not to have Bitcoin nor Ethereum in your portfolio, you need to see to that. If I were you I will let NXT, Humaniq and Florincoin to go and add better coins, I just believe they have enjoed there time in the sun and can't provide much value for money

Neo is often talked about as "Chinese Ethereum". It allows smart contracts to be based on the Neo platform the same way that Ethereum does. More and more coins are being launched on it. In addition, by holding Neo you can earn Gas for free. It has a potential market as big as Ethereum's, but currently has a market cap only 10% of Ethereum's.

A solid hold for any portfolio.

Ignore the people trash talking BitBay, no clue, been a stable project to date with lots coming this year, best marketplace coin hands down
I will say though, BitBay shouldn't be #1 in a portfolio this large but if you bought it at 2 cents this makes sense, keep holding it, get rid of Verge, get NEO in there, OMG is another good one to increase.

Rather a team put effort into development than marketing, too much marketing and not enough dev is what I avoid.

Strange to see that you are not holding the big boys, i suggest to buy and hold btc, eth, lyc, dash and zcash with 25% of your investment, this will provide your portfolio more stability and liquidity and low risk.

Increase shift, its a total bargain at 33 million, and one of the most promising projects in Crypto world.

Just relax. 21 coins is normal amount for diversification. There are a lot of people who has 50 coins or even more.
Stratis and Status are really perspective coins, you are on right waty.

I think you should rearrange your portfolio percentages. That's too unbalanced.
%14 Verge and %14 Bitbay are too much. Maybe reduce them to %7-8.
%11 Stratis and %9 Ark, reduce them to %5-6.
You also should add Neo to your portfolio.

What you should consider that there are new coins coming every day so your portfolio may expand even more - there are always some new promising coins, and that's the time to get in :)

I think you should first categorize your coins like privacy coins, platform coins, healtcare, data storing etc. then choose the most suitable ones according to your investment strategy, for example if you think long term choose zcash over verge.

Sell BCH that spiked today abnormally much (while the rest of the market is still the same) and pick up ETH, or split into ETH and BCH when it dips back to 900-1k. OMG is very low on your portfolio and its an easy double up in the not so distant future. No NEO is unacceptable since that has a lot of potential and also offers a 5% ROI yearly just by holding it and getting gas dividends daily. XVG/stratis as your largest holdings doesnt seem right. NXT/Ignis/Ardor may or may not go horribly wrong or splendidly well. You also have no lending coins in your porfolio right now and its an excellent opportunity to pickup both ETHLend and Salt that imo are the best 2 lending platforms(one is crypto to crypto and the other crypto to fiat).

I think, you should buy more OmiseGo and IGNIS instead of verge and humaniq that are trash. Other coins in portfolio are good choice.

1   Verge XVG   14%
2   Bitbay BAY   14%
3   Stratis STRAT   11%
4   Ark ARK   9%
5   Status SNT   6%
6   Komodo KMD   6%
7   Shift SHIFT   6%
8   BitcoinCash BCH   5%
9   ZenCash ZEN   4%
10   VeChain VEN   4%
11   RaidenNetworks RDN   3%
12   Zcash ZEC   3% (on the fence)
13   Ardor ARDR   3%
14   SysCoin SYS   2%
15   Viberate VIB   2%
16   OmiseGO OMG   2%
17   FlorinCoin FLO   2%
18   Cappasity CAPP   2%
19   Humaniq HMQ   0.7%
20   Nxt NXT   0.7%
21   Ignis IGNIS   0.6%

Then buy ICX, NEO, ETH, QTUM, and more VEN

All of them are garbage coins apart from VEN.

Well, first you are a good fellow, that you invested in coins.
at this stage I would not sell anything. I would wait for a price increase in the market.
and half the coins,  from such a portfolio, I would sell.
P.S. I would bet on 8 and 12 number.

Wasn't the market and all coins dead just last week? you're back in the game now I see.
To those telling him to sell BitBay, he bought it at 400-500 sat, prior to the correction it was going up to 2000 sat, this is their biggest roadmap year to date and even now it's at 850 sats.
Probably some of the worst advice telling him to sell that in his given situation, it'll be back to 1500 in no time.

Not trying to pump it, the big spenders couldn't care what we say, just correcting what I feel is average advice.

Just because it doesn't get forum hype or have much marketing and you've not heard of it, doesn't make it a bad coin, it's the most innovative marketplace coin going and has had a very stable upward trend through it's entire existence, never been a pump and dump type coin, less risky than most of the other low cap coins he holds.

I have VTC and MAN in my portfolio. Vtc is my very hopeful project. I will sell MAN if I get a good price. I will continue to collect the VTC. I expect to reach the $ 200 target.

If i am you i will sell verge, ignis and next and chanhe it to ardor.
Why ? Because
1. Verge i dont think we need such coin because there are many privacy coin with good privacy.
2. Next will probably replaced by ardor in three years.
3. Ignis is child chain of ardor or we can call it token in ethereum network and ardor the parrent. Why you invest invest to its child if you can get the parrent cheap.

Don't dump XVG. It had its time in the spotlight and if you look at its functions vs other privacy coins, it pales in comparison. But you got in so cheap, there's no harm holding on to some. I just don't think it deserves first spot in your portfolio.

The more I read about BitBay, the more I really like it. Don't dump it all, I still think it's got loads of potential.

I would consider replacing Raiden with Cardano.

For what you make selling XVG, I would consider increasing holdings in STRAT and OMG.

Best of luck to you! If it makes you feel better I have more coins than you in my portfolio and I love it that way.