Week 5 Portfolio Update https://i.imgur.com/euYYhoZ.jpgWas a little more active than I thought I would be. I didn't anticipate so much churning. Anyway, from a trading and rebalancing standpoint, this week was much better than the last. Could have been even better, but I'm not going to complain. Current portfolio holdings percentage distribution:LTC 51.7% GRS 8% NLG 7.7% SYS 6.4% STEEM 5.9% BTS 5.4% NXT 3.8% BTC 3.8% PIVX 3% MYR 2.5% XEM 1.8% Today's purchase of MCO is not reflected in those weekly figures, but will be next week. It was basically the total of the available BTC so you can get a rough idea - around 0.54414431 BTC. 
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. . . this will surely go up later, they have good marketing.
And a fantastic product to market! |
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Down 99.9% from its first trade price, and currently trading just above original ICO, thought I'd take a stab at MCO with that left-over BTC.  https://i.imgur.com/2khFxnP.jpg5 minute chart |
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Just picked up some more MYR. Hope I don't get kicked in the face with this one.  https://i.imgur.com/mYCRTs8.jpgWill post the portfolio percentages tomorrow. BTW, all of those who are hawking ICO's, don't you realize just how weak you make them sound by your cheap shilling? The more you shill, the less likely anyone will be interested. On second thought, thanks for your efforts, and please keep shilling - you're doing us all an enormous public service.  |
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Bought some MYR (XMY) - getting fairly speculative with this one - doesn't really conform to my "conservative" criteria, but I really like the underlying tech, distribution, etc.  https://i.imgur.com/ycJugmV.jpgGot a nice chunk of BTC left for more purchases. We'll see where the opportunities are. |
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it's true about the miners though, they are just too trigger happy and keep dumping the moment it shows slight red. if they can hold and not sell for few days the price will go up substantially.
i think the miners who keep selling are from 3rd world country like india and are happy with few dollars of gain as it's good enough for them.
Most miners, especially the big operations, mine to make money. They don't speculate on future values. They have overhead and expenses to pay and the product they sell to do that is the coins they mine. If you mine to make money now you're definitely not going to mine DGB for that purpose. One mines DGB as a gamble for future profits DGB was at the top of the list of most profitables for a long time before ever going sky high (temporarily supplanted from time to time by the likes of DASH when it moonshot and before miners got switched over, etc.). And that was before the 100 fold increase when holding for speculative reasons made more sense too. It's not so profitable anymore though. Too many miners now. Ironic. |
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They've done the same thing with STEEM. Weird things going on with Poloniex. I got completely off a few weeks ago and it doesn't look like I'm going to have much reason to go back - just the opposite. I hate to badmouth other people, but it is what it is. I've never seen such antagonistic notices before. Very strange. |
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There's nothing random about what I'm doing. It's all very well researched and thought out. It's also built on years (decades actually) of trading financial instruments.
The "components" of my portfolio are selected based on best possibility long term survival criteria, which means that I'm picking candidates that I think have an extremely high probability of succeeding long term.
They also need to be somewhat undiscovered and have a very high appreciation potential.
Those two portfolio filters eliminate the very well established like BTC, and everything very speculative at the other end of the spectrum. As I've said before in this thread, it's not easy to find suitable candidates.
BTW, ETH was an eventual 100x just a year and a half ago. For DASH that would be around 2 years ago.
It's not easy, but it's not impossible either.
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Week 4 Update https://i.imgur.com/0c0YmBG.jpg https://i.imgur.com/hyPgarq.jpgCurrent portfolio holdings percentage distribution:LTC 53% BTS 13.7% SYS 9% NLG 8% GRS 6% NXT 4.5% PIVX 3.8% XEM 2% Since I think we're going to see another leg higher that could be powerful and that could take us up close to a cycle top, I'm pretty much going to leave things alone and, instead of rebalancing, focus on profit taking, most likely taking those profits directly to BTC.
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I wouldn't exactly call it a scam, at least not intentional, although for all intents and purposes, that's what it ends up being. I would call it manifest incompetence. That's what leads to a DiguSign product that wasn't able to locate the document you signed in the blockchaing after you signed it (last year's "model") that took a full 6 months to get depreciated. That's what also leads to gaming wallets and Chrome extensions that don't work, and a halfbaked Android wallet that is constantly causing issues by locking up funds, that have been "priorities" the "team" has been working to "solve" for over a year now, and that haven't been. That's what leads to "official" mining pools with continual payout issues such that users in the official ANN are constantly accusing Digibyte of "stealing". That's what leads to DigibyteMarket issues that are not exactly (IMHO) stealing funds, but that simply don't work and that the "devs" are not capable of addressing since they don't know what's causing what or even how to track what's been misdirected. In my opinion it's manifest incompetence that actually turns into an unwitting scam as every attempt is made to "cover up" all the issues and hide their incompetence. It worked for a while, but as Abraham Lincon once said: "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." And, frankly, I'm not sure which is worse, intentional scamming or manifest incompetence.  |
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I think someone might be gaming VIA. Double check your targets and maybe take some profits in order to buy back more at a later date?
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The thing that people are always so keen to forget when it comes to altcoins and crypto, is that there's going to have to be someone else / tons of other people wanting to buy at that insane price that's so high for you to be able to make money off of it. There has to be a market and other people feeling as if the price is enough for them to want to buy in as well, theres no point in just thinking the price is going to go up on A STRAIGHT FUCKING LINE INCLINE forever. It's just something that won't happen and doesn't happen in stocks as well.
I don't think you'll be able to do this, I think this portfolio can make some money though just nothing near THAT INSANE AMOUNT OF PERCENTAGE INCREASE ON THE VALUE.
Good luck and I do wish your investment the best, even if I don't see eye to eye with it.
Keeping perspective is extremely important. https://steemit.com/crypto/@cryptographic/crypto-boom-part-1-keeping-perspectiveAt this stage of the game, from my point of view, things are insanely cheap! But that's what makes a market. Cheers, and thanks for posting. |
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My first post so please be kind! A good friend of mine at work mentioned he was in this trading market so I decided to "jump in" with an initial investment of $10K (with $1K already in GMT/LSK; $3K in LTC and the rest in BTC that I want to use to purchase shares of "A", "B" and "C" to build a long-term portfolio).
He bought into ETH when it was at $11 so he is very happy with his investment.
Given my initial investment is equal to this thread subject, I wanted to post and ask where is the best places to learn what/where is best to place money into? If there are some links, advice, etc..., I would greatly appreciate any feedback as I am not naive and realize my $10K may never increase and may indeed decrease to zero but I'm all in for the mid-to-long term.
Thank you!!!!
There are no real good places to link to for that. This is the most dog-eat-dog world you'll ever see, and good information of that sort is hard to come by. There is no Standard and Poor's for crypto. Everyone promotes their own crypto though, even the hucksters. So your best bet is to always start by looking for what's wrong with whatever you're looking at, and when you can't find that, start asking how much you want to invest.  Lots of reading and research, patience, resolve and collaboration. Don't get in a hurry. This bull market will last for years. But nothing goes up in a straight line. Thank you for the feedback; much appreciated!!! I have 1.46 BTC ready to trade into some other investments so hopefully I can chime back in here with some positive news in a few months! A pleasure. And take a close look at the ones I've mentioned here and let me know what you don't like! Seriously. |
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