Bitcoin Forum

An idea of concept struck me to narrow my portfolio, why? I think the concept
of moving coins/tokens which may be low or non performers into the obvious
Bitcoin, Ethereum, Litecoin and Monero reliables.

Has anyone done this already?

step 1: drop everything except bitcoin
step 2: add valuable assets to your portfolio such as Gold, Stocks, and basically anything that is worth investing into for real.
now you have a "portfolio", before this you had a bag filled with junk and called it a "portfolio" by mistake. visit this topic for an example of how much you can lose when you make this mistake:
https://bitcointalk.org/index.php?topic=4474779.msg40179593#msg40179593

Having BTC,ETH,litecoin and monero can`t be called a portfolio,because their prices are kinda tied together and they follow the same pattern.Having a real investment portfolio is when you get assets with the opposite price patterns.For example,when the price of asset A goes down,the price of asset B goes up and it compensates the losses from asset A.This is real diversification or the investment risk.

From the start, I have only a narrow portfolio. Bitcoin and ethereum are my main coins and some are from ICO. So that I will not have to worry about those coins which are very slow in progress and those non performers.

A few weeks ago the price of Monero was decreased drastically, so I guess this crypto currency is currently attractive for investing in it. It is the most anonymous coin and its mining algorithm is resistant to ASICs, and undoubtedly XMR will be demanded, but don't forget that this crypto currency has a big pre-mine.

Bitcoin, Ethereum, Litecoin is a good coins in your investment portfolio, but I don't expect any significant rise of them in the near future. Also I advice you to buy EOS and Binance coin. I think they are a promising crypto currencies too.

So i can take the message from above to be real diversification means not everything in a portfolio should be crypto.

Next question should be if i want to add some Gold to a portfolio can I get it by exchanging crypto for it rather than using fiat?

I cant. Because I already have a narrow one.
We have different meaning of being narrow, others still have a long list but still thinks it is way too low and they can still manage it. It is good to do it now if the token that you will be exchanging have a better trade for Bitcoin, Ethereum and main currencies. But if not, let it stay for a while until we get out of the red zone.

You would still need fiat for you to buy up Gold to add into your asset. Suggestion above about this diversification is brilliant rather than on focusing yourself into some various numbers of Cryptos. Gold,stocks would be a good option anytime but when it comes to price movements then expect it wont really be same as fast with crypto but you can really be assured on the security when it comes to long term gains but still risk would always be included on the game.

i think this is riskier since anything can happen with any coin. but narrowing with top 10 coins could be interesting since they are real horses during the bull market. so , in my opinion it depends on the coin you want o narrow your portfolio.

if you would narrow your portfolio than in my opinion you shall choose another coins because by adding those coins your investment will have almost same loses or gains.

Yes, you can buy some by trading your crypto you can try and check the Goods section (https://bitcointalk.org/index.php?board=51.0) i'm sure there are people over there selling gold.

If you're looking at prices in fiat they follow the same movement but when you look at the prices in Bitcoin it's not the same for all of the coins mentioned by the OP.

It's riskier if OP is still holding on to those newer coins as they're likely going to be used for pumps and dumps.

I would agree with this, narrow your portfolio, since you need to create a team that will help you esrn momney, you need to select the best, just like in traditionalnstocks, we need to pick those coins that are worth investing and also make sure that we have coins for trading, since those coins that will be oart of your stsrting team should be giving you more than expected or is a stable coin that grows in time and all we have to do is accumulate, for the rest they are like bench warmers, you pick them when you need them and trade them for an exceptional member.

If you spend too much money to invest, you can narrow down your investment but you have to keep at least two investments so that you can have more capital to invest as well as you can. hedge your risk

Risk always present when we are in this business, we are just diversifying our assets and making such decision will allow us to move forward, buying golds or other stocks won't give us instant gain but rather we are preparing our future goals, having other aspect of investment would lessen some stress when we see more down movements with our hold coins, focus really give you some extra edge to plan properly if what would be the best thing to do to make sure that you are still in a good side of you investment, find more ideas and adopt changes if its needed.

I would agree with this, narrow your portfolio, since you need to create a team that will help you esrn momney, you need to select the best, just like in traditionalnstocks, we need to pick those coins that are worth investing and also make sure that we have coins for trading, since those coins that will be oart of your stsrting team should be giving you more than expected or is a stable coin that grows in time and all we have to do is accumulate, for the rest they are like bench warmers, you pick them when you need them and trade them for an exceptional member :o :o :(

The choice of your portfolio depends on how aggressive you want to play in the cryptoworld. If you want to play more conservative and in the long term, then you can select a few old and stronger assets (even though you can experience serious swings). Adding other coins makes your investment riskier and subjected to even bigger fluctuations.

You should also add NEO to the four coin/tokens you mentioned. Get a NEON wallet, hold NEO and get free gas every month and any other Airdrop of NEO for free. That's a form of passive income.

Actually narrowing down our portfolio is good thing especially if you're a busy person because somehow cryptos needed attention and focus so we won't miss anything. Diversion is good but having tons of coins will just bring us many confusion and will tend to losses. Better invest in things that we can manage.

If it is like that it might be normal, because fellow cryptocurrency prices will not be stable.
It's better if you move your Altcoins to around 50% for real business, such as Apartments, Hotels, Gold investments etc.

I think you are right and I have narrowed my portfolio. Because I only like to invest in 4 or 5 altcoins, it makes me easier to control and analyze. I have diversified my portfolio and I have failed completely. Since I can not control my portfolio, it's too complicated.

Narrowing the portfolio is a great solution. It helps you to easily manage the altcoins you have invested and from which you can spend less time deciding on investing. The market for Crypto has only a few altcoins as potential, which would be EOS, ETH and BTC. The remaining altcoins will not be profitable for you and you should consider investing.

Obviously i havent had a revelation by saying the market is flooded with alt coins,
we know this is the case and it seems people are fliting between these as the trend
changes from one to another and i have done this myself that is why i was left with
coins which were not performing.

Since I created this thread I have added Gold and Silver to sit beside my Bitcoin and
Ethereum.

Now I only buy and hold two major coins, ETH and BTC, which are the two coin I trust most and can rise sharply in the future.

I get your concern and your movement, but remember that is really take some time for some projects to thrive. I have some positions besides coins you've mentioned an they will stay untouched for as long as it's needed.

I am now focused on working with good ico projects. I know very much in the market such offers that will not yield income or even loss, but believe this is a good direction. The important role here is played by the choice of a good project with ico. Ljulf your profit can make you very happy. I am currently working with BOOSTO - a good project, I think there is good potential here.

I'm thinking about this for a while but I'm not doing that because as far as I can see my coins which are in my portfolio are still reliable and perspective. So I'm just afraid that I will sell them and they will came up significantly.

now almost everyone who buy alts always has something similar, to gain more btc, it's will be more stressful and more heartbreaking nerve to looks your portfolio -90% in 1 weeks. So if you do not have enough confidence and skill to invest in any other alts, just buy btc and hold

Here's my call for this.
When I'm a newbie, I doubt that bitcoin could make me rich so I invested on lower cap coins that have potential (pertaining to the idea, market listing, cmc listing, hype, etc.) and the gains there is pretty good compared to bitcoin or other more stable coins.

When I've spent some months in here, I think of buying top market cap coins like btc and eth so I could have my investments safer rather than those unsure projects that are shaky and didn't have that blockchain implication.

As you grow you'll learn, and I have learned that hitting continued singles is good rather than homeruns.

Think that was always obvious to me, even when I was a newbie. I naturally dabbled in some alts, if only for the curiosity of learning how to use cryptocurrency and experimenting with different types, but I'm sure I'm not the only one who remained impressed only with Bitcoin after seeing all the other aspects of usage (especially) and the quality of discussions going on surrounding the tech. Simple comparisons always showed me that Bitcoin was the only one with consistent credibility that suggested it was the only one with true value. And I think anyone who spends enough time on this forum can easily see for themselves that almost everything else other than Bitcoin, is vapourware.

I'm not trying to do a disservice to serious projects who have passionate developers trying to do something useful. There are definitely a few. Just the rest are painfully obvious in selling dreams and conjecture.

Instead of moving to bitcoin or ethereum, I move to low market cap high potential coins like oax, gup etc. Investing all in eth and btc is not enjoyable  :)