Turn $10,000 into 1 Million

[HR]

When I have the chance,  I will post the screenshot. 1/2 remaining GRS postion sold.


https://i.imgur.com/IV8jGki.jpg

[JollyGood]

These are hypothetical investments right?

[HR]

It's nasty out there. Sold 20% of my LTC. Obligatory rebalancing. Starting to get defensive.


https://i.imgur.com/T2iGv3P.jpg

[HR]

These are hypothetical investments right?

This "model" portfolio is hypothetical. My real portfolio isn't. This "model" portfolio is a mirror image of my real portfolio in terms of coins held and their weightings (the only difference is dollar value and one different coin that my real portfolio has and one that it doesn't have - XMG and XEM respectively). So essentially, the answer is "no", it isn't hypothetical - it's very real!

[JollyGood]

These are hypothetical investments right?

This "model" portfolio is hypothetical. My real portfolio isn't. This "model" portfolio is a mirror image of my real portfolio in terms of coins held and their weightings (the only difference is dollar value and one different coin that my real portfolio has and one that it doesn't have - XMG and XEM respectively). So essentially, the answer is "no", it isn't hypothetical - it's very real!

How long do you think or wish you will have to wait before you make a million ?

[HR]

These are hypothetical investments right?

This "model" portfolio is hypothetical. My real portfolio isn't. This "model" portfolio is a mirror image of my real portfolio in terms of coins held and their weightings (the only difference is dollar value and one different coin that my real portfolio has and one that it doesn't have - XMG and XEM respectively). So essentially, the answer is "no", it isn't hypothetical - it's very real!

How long do you think or wish you will have to wait before you make a million ?

Could be a while. 

[HR]

Proceeds from today's sales into SBD.


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


I know it's early, and we'll get strength to sell into, but a 10% portfolio hedge is not excessive by any means. I might miss out on some profits, but capital preservation is one of my highest priorities. Like they say, I'd rather be out wishing I was in, than in wishing I was out.  

Now, let's see if we can get a bounce one of these days.  


LTC still bullish BTW.

Edit: GRS, NLG, PIVX, STEEM and XEM are still bullish too, but most are hanging on by a hair.

I've got the rest officially under bear market rules now.

BTC still alive as well - 2370 is my first short term bullish above, bearish below, level to keep an eye on.

[tigershark]

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

Just curious why you are focusing on those particular altcoins? I own some of the same ones but you are investing in some I don't have. Also why such a high percentage in litecoin? Is it because it is one of the biggest altcoins but lags in price behind dash, Etherium, and zcash?

[Kopen]

Proceeds from today's sales into SBD.

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


I know it's early, and we'll get strength to sell into, but a 10% portfolio hedge is not excessive by any means. I might miss out on some profits, but capital preservation is one of my highest priorities. Like they say, I'd rather be out wishing I was in, than in wishing I was out.  

Now, let's see if we can get a bounce one of these days.  

Just for my own edification, does "today's sales" refer to your profit-taking from LTC to rebalance?

And presumably your move from GRS was similar? Never looked into that one before, but it seems to be doing well for you at the moment, ha.

And re. SBD, what's got you thinking it's particularly undervalued (i.e. worth including in a portfolio; ignoring present conditions)? I get that it's got plenty of room to grow, but idk that I have much confidence with the underlying business model (blockchain social network). Seems like a solution looking for a problem? Doesn't mean it won't have a decent ROI, just something I don't understand much yet.

[HR]

Just curious why you are focusing on those particular altcoins? I own some of the same ones but you are investing in some I don't have. Also why such a high percentage in litecoin? Is it because it is one of the biggest altcoins but lags in price behind dash, Etherium, and zcash?

With so many other possibilities with much greater appreciation potential, ETH was deemed to be much too close to "fair value" to make it interesting, and there are other issues there too. ZEC was a little rich at the time when I started this, but would have been a good selection. It's performed pretty much in line with my higher cap spec picks. Perhaps on the next round.  


Add: I forgot to answer your question about why so much LTC. It's simple really: I think the spread between the theoretical value of LTC relative to BTC is so big that LCT will not only outperform in an uptrend, but that it will also hold up much better in a downtrend. For all the hedging I shall ever do, LTC will never go below 25%. At least not as long as it doesn't blow itself up - and I say that because doing something stupid and shooting itself in the foot is probably the biggest long term risk LTC has.

[HR]

Just for my own edification, does "today's sales" refer to your profit-taking from LTC to rebalance?

Yes.

And presumably your move from GRS was similar? Never looked into that one before, but it seems to be doing well for you at the moment, ha.

Yes.

And re. SBD, what's got you thinking it's particularly undervalued (i.e. worth including in a portfolio; ignoring present conditions)? I get that it's got plenty of room to grow, but idk that I have much confidence with the underlying business model (blockchain social network). Seems like a solution looking for a problem? Doesn't mean it won't have a decent ROI, just something I don't understand much yet.

Theoretically, SBD is tied to the USD, and that means that it's a theoretical hedging device - a virtual exit of crypto. We'll see how well that plays out. For the first time in a long time it's actually worth $1.00. I liked that. BitUSD is another, similar type vehicle that I'll be using as I further hedge moving forward.

[HR]

Sold another 10% of LTC.


https://i.imgur.com/pfio2DC.jpg

And the rest of what I had of GRS (except for a small token amount).


https://i.imgur.com/sZdaPM7.jpg

[HR]

Wonder if we're going to see a return of the inverse trading relationship between Alts and BTC.
(It used to be that if BTC traded lower, alt-coins traded higher, and vice versa, remember?)

GRS to the moon!  

Oh well, if that happens, we'll get some nice rebounds on the rest to sell into.  



https://i.imgur.com/BFcXLQ1.jpg


Well, if we're going to see a return of that inverse relationship, it's not happening yet.


https://i.imgur.com/0Uxd8Vp.jpg


Here's where the most recent proceeds went again. You had already guessed, right?


https://i.imgur.com/IG5bBfR.jpg


Last comment today: keep your eyes on ETH - looking very heavy - it could be THE news item tomorrow.

[HR]

https://i.imgur.com/7JZp5si.jpg


Complementary commentary: https://steemit.com/trading/@cryptographic/crypto-in-freefall


And a just for fun chart:


https://i.imgur.com/zC3hUnV.jpg

[Kopen]

Always appreciate the analyses.

I'd already pulled my trading BTC into fiat ahead of most of this to buy the dip. Haven't finalized my alts going forward, so I'm just riding out the small alt positions I had (RIP XRP). Never really trusted ETH, glad for now I was barely exposed.

What I can't figure out is an entry position. We're just still so high up overall. I'm not worried about buying in now and taking another 50% dip for a few months. I'm worried about buying in now and not having fiat handy to buy even more at 50% off. Opportunity cost and all that.

And that's before the complexity of getting a good deal while chaining Fiat -> BTC -> Alt. Any tips on wrapping your head around that one (seems like the charts basically invert step to step)?

[HR]

Always appreciate the analyses.

I'd already pulled my trading BTC into fiat ahead of most of this to buy the dip. Haven't finalized my alts going forward, so I'm just riding out the small alt positions I had (RIP XRP). Never really trusted ETH, glad for now I was barely exposed.

What I can't figure out is an entry position. We're just still so high up overall. I'm not worried about buying in now and taking another 50% dip for a few months. I'm worried about buying in now and not having fiat handy to buy even more at 50% off. Opportunity cost and all that.

And that's before the complexity of getting a good deal while chaining Fiat -> BTC -> Alt. Any tips on wrapping your head around that one (seems like the charts basically invert step to step)?

Seasonality is strong in the spring up to June-July, then there's another pickup "traditionally" into Sept-Oct-Nov, but more recovery in nature when compared to the spring, and then lows are made year-end. We're following pretty much to pattern, but that can change in a New York minute: past performance is no guarantee of future success. 

[HR]

Sold the last of my GRS last night. Average sales price of all my GRS was .00007129, and the purchase price was .00001290. A 553% gain. Not bad, but with it trading at .00014000 right now, the temptation is to say it could have been better.

It's best to not complain and always remember that nobody ever went broke taking profits.

Always nice to know that surely we'll be able to buy back at much lower prices sometime in the next 6 months.  

 (Fast market right now and it's coming down hard on volume.)

[Dudeperfect]

I am happy that you have not invested all of your capital in any single coin. Yes, considering the period of the 2 to 5 years, I am sure that you will at least fetch double of your investment based on appreciation in the price of those altcoins. These are some good options for those who missed bitcoin & ETH train. However, one should understand that there is an equal risk of losing the capital so one should not invest any amount more than his capacity to lose. Good luck for your investment and please keep us updated about your investment growth.

[Drokzid]

I am happy that you have not invested all of your capital in any single coin. Yes, considering the period of the 2 to 5 years, I am sure that you will at least fetch double of your investment based on appreciation in the price of those altcoins. These are some good options for those who missed bitcoin & ETH train. However, one should understand that there is an equal risk of losing the capital so one should not invest any amount more than his capacity to lose. Good luck for your investment and please keep us updated about your investment growth.

I think you can jump on the ETH train again in a few days. ;-)

[HR]

Keep alert. Crypto no longer lives in isolation.

http://www.zerohedge.com/news/2017-07-13/if-everythings-so-awesome-why-are-investors-surging-tech-stock-hedges