Turn $10,000 into 1 Million

[mrfreezeh]

I've been following this thread for a while with great interest and I think you've clearly proven that the way you pick your portfolio works, however I don't understand some of your decisions.

You mentioned that you intend to generally keep each of your picks for the long run. What that in mind, what do you see in for example NLG and your newly acquired MCO?

NLG has no potential outside of the Netherlands and I can't see this one gain any significant market cap. As for MCO, this might be a good one for the very short term but on the long term there are too many uncertainties and a questionable team behind it. It has scam written all over it IMO.

Well, I think like as you. MCO is an ICOs project success in recent time, this is project about Visa Debit card and Black Card for cryptocurrency. But look at history, the idea of MCO very similar to Tokencard and it have some issue with US. Long-term is not good choice for this project

[n0ne]

I've been following this thread for a while with great interest and I think you've clearly proven that the way you pick your portfolio works, however I don't understand some of your decisions.

You mentioned that you intend to generally keep each of your picks for the long run. What that in mind, what do you see in for example NLG and your newly acquired MCO?

NLG has no potential outside of the Netherlands and I can't see this one gain any significant market cap. As for MCO, this might be a good one for the very short term but on the long term there are too many uncertainties and a questionable team behind it. It has scam written all over it IMO.

Well, I think like as you. MCO is an ICOs project success in recent time, this is project about Visa Debit card and Black Card for cryptocurrency. But look at history, the idea of MCO very similar to Tokencard and it have some issue with US. Long-term is not good choice for this project

We cannot say that the project doesn't gonna grow high, because in between several issues get arised. Based on the developers and the functioning units the issues will be overcome in a short or after long time. What we need is to have trust, look at the bitcoin it crossed several flaws and now successful. In between several left indicating it an failed experiment. Now they will be feeling for the mistake.

[PokerDiceMan]

I think very high in target if use 10k dollar can incraese one million
how long you can target reach one million dollar
must use duration time

[richak]

Created an account to comment on this thread- read the whole thing.
As someone who grew up reading stocks as a young kid and later on building businesses, understanding markets and consumers and human intent in general, I can see that you're a smart guy (or maybe you're a girl idk).
I think people are greatly underestimating how early this tech is right now. As in, we're still in the very very early stages of development, where it's still the 'wild west'.

I'd love to pick your brain, I'm completely new to this market but have been in the industry for a long time. Let me know if you ever consider it. Keep up the good work

[FractalUniverse]

these brain pickers, they are everywhere 

[pokemail4me]

I've read most of the thread and your returns are pretty good: congratulations!

but let me ask you a question, and shill a bit:
are you aware that NXT will be upgraded to ARDR ?
If so, why don't you hold any ARDR (Ardor)
once ardor goes live (july-september) the nxt value will decrease very fast

[RealPhotoshoper]

Very nice portfolio for long-term traders but for us coins flipping traders this portfolio may not be suitable for us! We always need to invest in new coins that will make 300% price changes within twenty four hours. Though the best way to still trade is long-term trading outlook.

well when you talking about a high profit you can get ,there is always a higher risk too.
picking the most popular altcoin like ltc, eth, doge etc is the safer way to do this.
otherwise you are risking too big that could leading to bankruptcy.
unless if you ready for that , then just go on.

[richak]

these brain pickers, they are everywhere 

Hah, if someone's open to it then why not.

[HR]

Remember everyone that the appreciation potentials mentioned in the OP were based on prices at that time. Some things have risen substantially, and others not so substantially.

I've been following this thread for a while with great interest and I think you've clearly proven that the way you pick your portfolio works, however I don't understand some of your decisions.

You mentioned that you intend to generally keep each of your picks for the long run. What that in mind, what do you see in for example NLG and your newly acquired MCO?

NLG has no potential outside of the Netherlands and I can't see this one gain any significant market cap. As for MCO, this might be a good one for the very short term but on the long term there are too many uncertainties and a questionable team behind it. It has scam written all over it IMO.

Well, I think like as you. MCO is an ICOs project success in recent time, this is project about Visa Debit card and Black Card for cryptocurrency. But look at history, the idea of MCO very similar to Tokencard and it have some issue with US. Long-term is not good choice for this project

I don’t see national limits for anything that’s good, and other than that perceived limitation, I don’t see too many negatives for NLG – just the opposite. MCO is one hell of a project that could surprise a lot of people. The business model is proven and they’ve got EVERYTHING in place already. If MCO flops, it’ll be one of the biggest surprises I’ve ever had.

As for keeping things for the long run, I think that’s only for things like P&G and 3M. When I mentioned long term on the OP, I put it into quotation marks for a reason: long term here is intermediate term anywhere else. That having been said, I do try to work with prospects that have good long term possibilities - in case I become a bagholder - but I’ll be doing my very best to trade in and out of those same issues, basically getting overweight or underweight but probably never completely liquidating, although I do reserve the right to do so, which could include trips to fiat and back.

Created an account to comment on this thread- read the whole thing.
As someone who grew up reading stocks as a young kid and later on building businesses, understanding markets and consumers and human intent in general, I can see that you're a smart guy (or maybe you're a girl idk).
I think people are greatly underestimating how early this tech is right now. As in, we're still in the very very early stages of development, where it's still the 'wild west'.

I'd love to pick your brain, I'm completely new to this market but have been in the industry for a long time. Let me know if you ever consider it. Keep up the good work

Stick around. Maybe we can both learn from each other.

I've read most of the thread and your returns are pretty good: congratulations!

but let me ask you a question, and shill a bit:
are you aware that NXT will be upgraded to ARDR ?
If so, why don't you hold any ARDR (Ardor)
once ardor goes live (july-september) the nxt value will decrease very fast

My understanding is that you'll get as many Ardor tokens as the average of your NXT balance during those three months. Ardor for the price of Nxt now, and I get to keep ½ of my original Nxt too! Correct me if I’m wrong. https://www.nxter.org/the-nxt-2-0-token-distribution/ Not sure though; when things look too good to be true, they probably are.



Again, I’m employing “short term” trading and portfolio management principles here in a long[er] term effort to make a lot of money – as richak said, we’re still in the very early stages. If you can find some good winners and ride the waves, I think you should do very well in crypto. Even the long term buy and hold and forget about it until you’re retired approach should pay off extremely well, provided you get a majority of winners, of course. The key in all respects is finding the winners, and then everyone adapts their participation to their risk tolerance and financial resource levels. What I’m doing is very “middle of the road” and could be drawn upon by everyone from the most speculative to the most conservative I think.

Thanks everyone for your comments - I read them all and if I didn't respond to yours, it's because it was answered in another reply or in general - your participation is greatly appreciated!

[pokemail4me]

My understanding is that you'll get as many Ardor tokens as the average of your NXT balance during those three months. Ardor for the price of Nxt now, and I get to keep ½ of my original Nxt too! Correct me if I’m wrong. https://www.nxter.org/the-nxt-2-0-token-distribution/ Not sure though; when things look too good to be true, they probably are.

then let me save your investment!

there used to be a free distribution of ARDR for NXT holders, but it was last year
ARDR right now is a token (asset) on the NXT blockchain
Once Ardor goes live, ARDR tokens will become real ARDR on the Ardor blockchain at 1:1 rate

if you want ARDR, you have to hold the ARDR asset in your NXT wallet !

however your NXT will give you free IGNIS (ardor first child chain) at 1:0.5 rate

[HR]

My understanding is that you'll get as many Ardor tokens as the average of your NXT balance during those three months. Ardor for the price of Nxt now, and I get to keep ½ of my original Nxt too! Correct me if I’m wrong. https://www.nxter.org/the-nxt-2-0-token-distribution/ Not sure though; when things look too good to be true, they probably are.

then let me save your investment!

there used to be a free distribution of ARDR for NXT holders, but it was last year
ARDR right now is a token (asset) on the NXT blockchain
Once Ardor goes live, ARDR tokens will become real ARDR on the Ardor blockchain at 1:1 rate

if you want ARDR, you have to hold the ARDR asset in your NXT wallet !

however your NXT will give you free IGNIS (ardor first child chain) at 1:0.5 rate

 


I knew I was missing something, and in this case is was a digit worth an entire year!  

Thanks pokemail4me, for "shilling".

This is the kind of collaboration I'm hoping for in this thread BTW - there's just so much to research and understand that it's hard for any one person to to it alone, especially part-time. Working together we all do better!

Thanks again.


Edit: the remaining NXT in the portfolio is "free" since 2/3 was already sold at a 3.5X gain. Amazingly, from a TA standpoint, it's still looking remarkable strong. Any explanation for that?

[pokemail4me]

you are welcome
be sure to get only the real ARDR token, if you want it: https://www.nxter.org/nxt-news-july-2017-i-well-done-is-better-than-well-said/#SCAM_ALERT

I think the developers don't want to see the price of nxt drop, that's why they will distribute IGNIS for holding it, and will accept only NXT as a way of payment for their IGNIS ICO

[Kopen]

Love this thread. Way more thought here than most.

Within the context of a pure-crypto portfolio (safer assets being outside this scope), how do you feel about utilizing a small allocation (10% or less) of BTC similar to bonds in an aggressive stock portfolio?

Bitcoin doesn't have the same inverse relationship with alts that bonds have with stocks (i.e. if BTC drops, alts tend to tank too), but when alts drop on their own, one might reasonably expect BTC to perform better as a safer haven.

Perform the usual rebalancing during ups/downs, etc.

In your portfolio, LTC seems to be playing a middle ground (I like your heavy allocation). Likely to be the most stable coin, but also with adequate growth potential (the irony of all this being that 2-25x is considered "adequate"). Is it fair to say this is your "bond" allocation? Is that even a valid concept worth pursuing within this space?

----

Additionally, what are your thoughts on Ripple (XRP) as both a potential blue chip and as serving in a bond-like, stabilizer role?

I don't know that it hits your growth targets. 250x growth would give it a long-term market cap of 6.25T (there's like a 2000:1 ratio of XRP:LTC supply right now). Now, an apologist would point out that it's got serious devs and is aimed at the ~37T inter-banking market. Fair, but that relies on enterprise adoption vs consumer fomo. Serious influx of capital if it happens, but you have to convince BofA vs Joe Investor. May be a long-term play, but probably not for your 1-year term?

On the flip side, it's largely ignored the recent alt decline and more-or-less tracks BTC (or just moves sideways). Devs hold like 60% of the supply, which sounds like it's meant to hedge against the volatility that would scare corporate customers away from normal crypto (but again, potentially fails your requirements).

Is it weird (stupid?) to consider an alt (or BTC) as a base for storing/hedging value (possibly over growth)? Is the marginal chance of return worth leveraging over fiat?

[HR]

Love this thread. Way more thought here than most.

Within the context of a pure-crypto portfolio (safer assets being outside this scope), how do you feel about utilizing a small allocation (10% or less) of BTC similar to bonds in an aggressive stock portfolio?

Bitcoin doesn't have the same inverse relationship with alts that bonds have with stocks (i.e. if BTC drops, alts tend to tank too), but when alts drop on their own, one might reasonably expect BTC to perform better as a safer haven.

Perform the usual rebalancing during ups/downs, etc.

In your portfolio, LTC seems to be playing a middle ground (I like your heavy allocation). Likely to be the most stable coin, but also with adequate growth potential (the irony of all this being that 2-25x is considered "adequate"). Is it fair to say this is your "bond" allocation? Is that even a valid concept worth pursuing within this space?

----

Additionally, what are your thoughts on Ripple (XRP) as both a potential blue chip and as serving in a bond-like, stabilizer role?

I don't know that it hits your growth targets. 250x growth would give it a long-term market cap of 6.25T (there's like a 2000:1 ratio of XRP:LTC supply right now). Now, an apologist would point out that it's got serious devs and is aimed at the ~37T inter-banking market. Fair, but that relies on enterprise adoption vs consumer fomo. Serious influx of capital if it happens, but you have to convince BofA vs Joe Investor. May be a long-term play, but probably not for your 1-year term?

On the flip side, it's largely ignored the recent alt decline and more-or-less tracks BTC (or just moves sideways). Devs hold like 60% of the supply, which sounds like it's meant to hedge against the volatility that would scare corporate customers away from normal crypto (but again, potentially fails your requirements).

Is it weird (stupid?) to consider an alt (or BTC) as a base for storing/hedging value (possibly over growth)? Is the marginal chance of return worth leveraging over fiat?

Glad you like the thread!

BTC certainly ends up acting like a bank, especially if you’re trading more actively – with that you’ve [almost] always got something in BTC. It’s the most conservative of all crypto to be sure, but instead of comparing it to bonds, I’d compare it more with the likes of what IBM is to stocks.

LTC is a good middle ground crypto as you say. Good appreciation potential, and the same security, if not even better. There’s no reason why LTC shouldn’t trade at its 4:1 ratio with BTC . . . which would be $633 at today’s BTC price. And soon LTC will not only be just as solid on the safe storage side of things, but it will also be much more useful in a real world setting.

To be honest, I don’t understand Ripple. It’s so outside of what is decentralized and widely distributed that it has me scratching my head. Seriously, it’s a different beast that I haven’t studied, and I don’t like getting involved in things I don’t understand. I think valuation will be a more a function of business success though, as an intermediary, than as a cryptocurrency.

With respect to your last question, as BTC relates to fiat, it is DEFINITELY a GREAT hedge long term! That is what the basic crypto ethos is all about: hedging against fiat debasement (which we know is guaranteed for the foreseeable future). I would have just as much crypto in my traditional portfolio as gold, if I had gold (my gold is real estate and productive assets), but seriously, in terms of what your “liquid” portfolio looks like, crypto is a perfect fit - with its current phenomenal appreciation potential, even better than gold - for that fiat hedge.

There’s a nice info-graphic putting current crypto to total world money supply into perspective here: https://steemit.com/crypto/@cryptographic/crypto-boom-part-1-keeping-perspective

It’s a proven product that works that has gained wide scale acceptance and that is still in its infancy, a hedge that also serves as one of the best long term speculative investments we’ve ever seen, that’s what crypto is IMHO.

[JollyGood]

Wish you success

[Kopen]

-snip-

Glad you like the thread!

BTC certainly ends up acting like a bank, especially if you’re trading more actively – with that you’ve [almost] always got something in BTC. It’s the most conservative of all crypto to be sure, but instead of comparing it to bonds, I’d compare it more with the likes of what IBM is to stocks.

LTC is a good middle ground crypto as you say. Good appreciation potential, and the same security, if not even better. There’s no reason why LTC shouldn’t trade at its 4:1 ratio with BTC . . . which would be $633 at today’s BTC price. And soon LTC will not only be just as solid on the safe storage side of things, but it will also be much more useful in a real world setting.

To be honest, I don’t understand Ripple. It’s so outside of what is decentralized and widely distributed that it has me scratching my head. Seriously, it’s a different beast that I haven’t studied, and I don’t like getting involved in things I don’t understand. I think valuation will be a more a function of business success though, as an intermediary, than as a cryptocurrency.

With respect to your last question, as BTC relates to fiat, it is DEFINITELY a GREAT hedge long term! That is what the basic crypto ethos is all about: hedging against fiat debasement (which we know is guaranteed for the foreseeable future). I would have just as much crypto in my traditional portfolio as gold, if I had gold (my gold is real estate and productive assets), but seriously, in terms of what your “liquid” portfolio looks like, crypto is a perfect fit - with its current phenomenal appreciation potential, even better than gold - for that fiat hedge.

There’s a nice info-graphic putting current crypto to total world money supply into perspective here: https://steemit.com/crypto/@cryptographic/crypto-boom-part-1-keeping-perspective

It’s a proven product that works that has gained wide scale acceptance and that is still in its infancy, a hedge that also serves as one of the best long term speculative investments we’ve ever seen, that’s what crypto is IMHO.

-long reply inc-

That makes sense. I'm assuming IBM is looked at as a stable, slow stock. I've generally stuck with ETFs--don't have a lot of experience picking individuals. Speaking of which, I've seen some of your posts re. how you choose to evaluate coins (dev teams, etc.), but how do you translate [base ratio (i.e. 4:1)] + [dev/value potential] into [250x growth]? I understand filtering out trash coins, but I have no idea where to even start to weigh, say, NEM vs Monero vs Ether rationally (much less a top-25 or 50 coin).

I tend to agree re. LTC. It feels like an asset that serves the same purpose as BTC but is less constrained by BTC's baggage. I actually have more faith in it as a project (though the market doesn't always value what's "right"...).

My main fear with with dropping entirely out of BTC (as opposed to a 10-30% allocation) is simply FOMO as it gains more consumer recognition (and, I expect, institutional $). In other words, I don't know if LTC can ever hit BTC's popularity. Maybe that's the wrong way to look at it though. It has more relative room to climb and if BTC ever goes moon to 50k, it's not like other major coins won't jump mostly in tandem. 20x is 20x.

And yeah, Ripple is very different and kind of antithetical to the original crypto movement. I like it because (I think) it plays by different fundamentals. I suspect it panders a bit to the global financial system rather than giving it the finger, which is simply an intriguing approach.

Entirely anecdotal, but today when BTC dropped 2.6% (at time of writing), Ripple lost 3.7% and most alts ate 6-15%. Technically, this would indicate that BTC was still a better reserve, but it makes me think most folks in Ripple are holders instead of traders, so it reads as low-risk (as far as that goes). Now, I have no idea what to do with that information. I'm not super risk-averse (I mean, this is crypto, ha)--should I be looking to allocate any of my portfolio to boring hedge-coins (BTC/XRP/$)? Now it's -3 for BTC and -8 for Ripple/Lite/Eth, so the theory now has as much evidence against as for.

I also totally agree with the point re. the long-term (woo cold storage). Ultimately, holding any reasonable coin will probably turn out favorably. Buuuuuuuuuut, let's just say I like your idea of a portfolio that navigates a 1y timeframe (because that's an eternity here). Do you just roll medium + high risk and dump the boring, 2x potential BTC?

[HR]

Yes, I consider IBM to be one of the Blue Chip stalwarts that still has good appreciation potential. Like 3M, or P&G. Productive assets that will continue to appreciate given the underlying macroeconomics in play. My opinion, of course.

And, as you alluded to, I think it's also been the most resilient to the selling pressure we've been seeing these last few weeks. The more speculative have been crushed, but the speculative that are still very undervalued like GRS, PIVX and NLG have also held up rather well.

The fundamental valuation ratio I'm working with is the total eventual supply each coin has relative to BTC. For example, GRS will ultimately issue 105 million coins, 5 times BTC, so that gives us a 5:1 ratio and means that, if successful long term, GRS should be worth .20000000 BTC. It's currently trading at .00006165, around 3,244 times undervalued. GRS has also held up very well during this selling spree.

Doing the same with LTC, you find that it should be trading above $600. That's a huge spread between current and fair value that, if you believe LTC will survive long term, will eventually be closed, and, as such, also has much more relative room to climb. I would expect LTC to perform better in downturns as well - if BTC crashed to 1,200 right now, LTC's theoretical value would still be $300+, almost 6 times its current price!

You can find a ton of information on coinmarketcap.com along with links to all the most important websites surrounding each coin. It takes time to get up to speed, but it'll be worth it. You'll need to be flexible and nimble, and I highly recommend a diversified portfolio strategy like the one I'm employing here. Look at the results to date: the speculative issues have done much worse than expected, while the more conservative elements like LTC and BTC (BTC because it is the underlying instrument that the rest are valued in) have contributed the lion's share of the gains. There have been no “home runs”. Now that could change tomorrow, and since I don't have a crystal ball, I'll stay with the diversified portfolio and best practice management . . . as best I can.

[HR]

Week 6 Update


https://i.imgur.com/JiS6N8k.jpg

Things are getting much more selective. Both BTC and LTC are clearly the leaders to the upside, and I'd be remiss to not include DASH, which is also performing relatively well (though not part of my portfolio).

Here's BTC's chart analysis:


https://i.imgur.com/v6zb97r.jpg

I think there's still more upside to come in this cycle, but the "all boats rise in a rising tide" phenomenon is over in my opinion, and it will be much more of a "stock picker" market up into an intermediate term top . . . if the leaders continue to rise. I'm currently very close to bear market rules with a few of the issues I own which basically means forgetting about new highs on those issues and selling rallies. The coming days and weeks will give me more clarity on that.

Also, given the facts that I have to be around a computer at the time of the trade to get a screen shot, that I can't always do that, and that there is going to be more "automatic" selling and buying with bids and asks, I'm not going to be posting screen shots anymore. It's also not necessary as my credibility on this subject has been more than established. Of course I will post the trades though. Last night, after the technical end of day July 8, I got off 1/3 of my remaining NXT on the rebound at .00004780. I'll also post the portfolio weighting each week.


Current portfolio holdings percentage distribution:

LTC 60.3%
GRS 7.3%
NLG 5.9%
STEEM 5.5%
SYS 5.1%
BTS 4.2%
PIVX 2.9%
NXT 2.8% *
MYR 2.4%
MCO 1.9%
XEM 1.7%

* Last night's sale won't be reflected until tomorrow.

[pokemail4me]

awesome

how did you manage to not lose money with the current crypto massacre ? only glad to LTC ? or did you sell to buy back again

[HR]

awesome

how did you manage to not lose money with the current crypto massacre ? only glad to LTC ? or did you sell to buy back again

PIVX, STEEM, XEM and MYR were slightly green, but it wasn't enough to cancel out the losses seen in the rest of the speculatives, so, yeah, the portfolio managed a green week thanks mainly to LTC. You could also say that the individual losses of my picks were nominal in general, but the early and late week ramps were clearly due to LTC. Otherwise it would have been another sideways week.