And that's still being conservative.

Very interesting. I'm going try it!

It's scary to think about just how much "new" money is sitting on exchanges. Just the idea of withdrawal limits reminds me of more familiar traditional banking features that we're all trying to replace, but even then, with a bank, if you want to wire millions, you can wire millions.

It's easy for fiat to move into crypto, but it's not so easy getting back out (when you're talking about profits and a rising market).

And then you've got TAX considerations. When you convert to fiat, you have to report it, and with no cost basis, holy shit batman, there goes a good 40-50%, if you're lucky. And transaction costs. And slippage. Etc.

There are lots of sound reasons why it's better just to leave it in crypto. A crypto milk cow is what I've got for life. ;-)

I'm sure that's the attitude many have, and accounts in large part for why Bitcoin profit takers are staying inside crypto by buying Alts.

And it's all sitting on the exchanges.

Any one that were to go down would certainly send shock waves through the entire system.

Another good reason to be on top of wallets. It's in everyone's best interest to have as few wallet issues as possible.

Edit:

And then I realize once again that the withdrawal limits are within crypto itself, that you are limited to the equivalent dollar amount of crypto itself!

That's a lot of "money" sitting in very vulnerable places with almost zero oversight. That's not a good combination.

I'd say it's a weighted combination of all 4, with your own risk tolerance being key in determining percentages. For example, it's going to weigh on you if a favorite or two are not included due to them not being in the top 10. You might also prefer to exclude certain top 10 members for bad fundamentals or technicals, or simple being overvalued. A 10% figure for ICO's and other speculatives sounds reasonable. At the end of the day it's a very personal decision balancing risk tolerance and profit objectives . . . with risk tolerance usually winning out in my case.

Check out this thread for more ideas   https://bitcointalk.org/index.php?topic=1936239.0  and good luck.

A really honest article sharing first hand experience and expectations that starts out looking like more unequivocal evidence for continued massive fiat money flow into crypto, but that ends up being an extremely well balanced and down-to-earth look at Bitcoin and crypto in general. A must read IMO.

http://www.zerohedge.com/news/2017-05-29/one-professional-investors-take-bitcoin

Zerohedge is an alternative financial media heavyweight outside of the crypto "ecosystem".


Let the comments come in, but let's keep them backed up with rational arguments - there's lot's here to be seriously debated, and childish memes and cheeky one-liners are a thing of the past for serious crypto "shareholders".

One of my initial comments goes to the idea that the supply of virtual currencies is infinite, to which I would suggest we add the words "safe and secure cryptographic" and then reconsider whether the supply of safe and secure cryptographic virtual currencies really is infinite, even theoretically.

Just one of many very interesting points made.  

And someone has all your phone numbers.

So much for anonymity! 

For those who don't want to join telegram, the dev email works too. It's at the bottom of http://digibyte.co/

That's why "medium risk" is in quotation marks. The context is crypto, not stocks and bonds. It's a relative statement. Of course, when you say this is "very very high risk" and you refer to them as "shitcoins", you do give the impression that you are aware of the difference. So why the confusion on your part? Why are you mixing two very different worlds?

Getting dumped? Can you guys read the ticker? The portfolio is off the lows. The dump happened before the buy. Positions are best put on in the midst of panic sells, and that's when this position was put on and recommended. In fact, I think the probabilities of getting a second chance at the purchase price of each issue is very low, but anything can happen, and any off the cuff comment can always get lucky, so don't lose heart - there might be another opportunity for you to troll and with even better ammo.  

Perhaps. That would be a different risk tolerance level for sure. I'm trying to build a "medium risk" portfolio with a better than average chance to make the minimum target, and when the conservative 50% has a very reasonable chance to revalue by as much as 25 times over, then you've almost got the best of both worlds and something that in itself could easily satisfy the 100 grand minimum target. Said in other terms, I put the odds of LTC being worth 25 times what it is now much higher than I put those for BTS or STREEM to revalue 250 times over (which I do think is rational and doable in any event). Rather than a bunch of busts, you could get eternal double dribblers, and at some point you must move on. But perhaps your idea is better. Who knows? Post your list and we'll watch the two along side (or just watch the same one I posted ex-LTC). At the end of the day, it's mainly a risk tolerance question on my part as I am very portfolio diversified in nature, and there will also most likely be strokes of luck that will seperate the two regardless. The potential max reward doubles or triples though.  

Lots of great replies and comments. I’ll try to answer in general as generally as I can.

Yeah, I think it’s very possible, and as well as being a personal challenge, it’s also something that can be easily shared without reservation as I think it’s practically impossible to lose money if you’re willing and able to hold for as long as you have to if needed. From that group of 7 you might have one or two “disappointments”, but things have got to really go wrong for you to lose money. It’s the biggest no brainer I’ve ever seen in my life. Easy for me to say having been around since 2014. Easy for anyone whose been around since the early days to say the same. That having been said, it’s not so obvious to the newcomer, who’s starting at a much higher buy price and has much less knowledge. Those of us who’ve been around know that crypto is here to stay and that the winners are going to be worth a lot more than they are now. The key rests with your crypto picking capabilities, and why not share your conclusions with others? If you’re so sure about them for yourself, why not openly share them? Even at the risk of sounding like a shill! It’s in all of our interests to hang on to our winnings until we get fair value, isn’t it? One of the best things we can do is share our knowledge about that and work together to that end. There’s a reason why early adopters are handsomely rewarded: they invested their time, knowledge and money early on. The idea is to sell at fair value . . . after, of course, identifying the winners that will make it there. Yes, I think it’s very possible, and I hope there are as many of us peons as possible who do it!

Some of the more technical aspects: I think the potential is there in this portfolio for a 100x gain. No doubt in my mind that the reasonable prospect is there, and “dead” coins, third tier coins, not even 2nd tier coins are necessary in order to find these prospects. 100x gains with 1st tier crypto. That’s the amazing part about this! See this other thread for more thoughts of mine on this subject: https://bitcointalk.org/index.php?topic=1925617.0

With regards to other possibilities: that’s why I invite everyone to participate, so you can put your suggestions out there too. I would only suggest that you try to stay with the basic criteria being used: high potential value crypto already performing as projected that is extremely undervalued. Technically LTC isn’t in that category, but the portfolio needs a conservative, yet also relatively undervalued, balance to act as the “bank” and with BTC approaching fair value (that I estimate to be $5,000ish), LTC was chosen for that role (with a 20x conservative appreciation potential, next to BTC, it’s another no brainer – it does everything BTC does, and much more!). And, of course, since I, or any of us, can always be wrong, I also recommend healthy debate.

No time frame is set. Everything risked is risk capital capable of being completely lost.

I have to mostly agree. I'll never cheat someone their just due. The problem is that, to date, DGB has never fully capitalized on any of it's improvements, and time is running very short since there are now dozens of cryptos that can say the same and that are already taking their market share, and there may be nothing left for DGB. DGB could end up being one of those fantastic ideas whose day never came. That's not so unusual either. It happens a lot.

It's a long shot coin, and long shots can't make mistakes.

Like I said, nothing personal, but since you have, I'll just remind you that if you had read and followed the issue, you wouldn't be retracting now.

Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


https://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


https://i.imgur.com/00lZU8s.jpg

The author of this thread also posted this in May in another one of his/her threads:


Very interesting posts if you're interested in profiling. Also interesting from the point of view of how the ordinary person might deal with crypto.

Just dumb luck on his/her part, but the average Joe is often graced with dumb luck. Maybe we should focus more on BTC at $500,000!  

That pool charges a 2% fee. That's not an investment where they have simply pulled the wool over your eyes! It's a product/service being provided for a cost. Are you sure about having to say "please" for something you're paying for and is rightfully yours? Or maybe it would be better to say "pretty please"?  

(Nothing personal. I know we can all get our perspective clouded from time to time for whatever the cause, be it economic or whatever.)

And this is not too mention the possibility of theft.

In any event, the question also arises: if they can't even run a mining pool, how are they going to take a cryptocoin mainstream?

Has anyone tested DiguSign yet?

What do you think? Just another pump and dump? Across the entire complex? Or a full on panic sell by recent fiat buyers who know very little, bought at the highs and are now selling at panic lows? For the rest of us who've been around the block a couple of times and know better, just remember, this will be seen as a blip. 



https://i.imgur.com/kVh4p5H.png

And this is where it always ends: once someone has been so ill treated that they get angry, the problem is then their attitude, as though DigiByte's hands can then be washed and all abuses and wrongdoings justified because the person's got an "attitude" - defined by the aggressor nonetheless!

(Telenong, this maybe your first time saying this, but you've fallen in the trap and you're doing someone else's dirty work. Go back and read the history of this thread if you don't believe me - there's an undeniable pattern that is so clear it almost looks like the same people with different accounts. It's not of course; it's just the manifestation of group think indoctrination for an inferior product.)

Good example of how conditioned we are that when I said "exchange" I was automatically thinking that it would be understood to be Polo, or Bittrex, for example, when in fact what I really need to do is get on "the exchange", BitShares, where I can make more money by trading . . . for example, today by having bought BitUSD if I had had my act together.