I'm late in the game to actually invest in crypto, just been keeping a casual eye on Bitcoin for years. I've done some research, but would like the help of more experienced investors.
I'm putting in only money I can lose. Plan is to do a lump sum investment this month, hold for years, and buy more positions monthly using Dollar Cost Averaging. I will not be trading, except potentially taking out a fraction in fiat whenever I realize doubling of value of a coin, or perhaps annual rebalancing.
Below the six coins I'm considering, and their share of total (crypto) portfolio. First three I see as growth plays, and the last three as more speculative. I've tried to pick coins which have strong fundamentals with good potential for long-term value appreciation vs Euro, and are available on Kraken.
Name Ticker Share Notes
Ethereum ETH 25% True platform with active development, partnerships, and variety of potential uses
Litecoin LTC 20% Mainly a diversification play
Bitcoin BTC 15% Low portfolio share due to limited growth potential (high price and strong competitive pressure)
Ripple XRP 15% Huge growth potential if it becomes widely adopted
Dash Dash 15% Despite suspicious launch and outrageous block rewards, strong on-going development
Monero XMR 10% Privacy and anonymity will be in increasing demand
Any critique is welcome. Keep in mind I'm brand new to this!
This portfolio is just fine for me since you are investing your money on those coins who are on top of the marketcap but expected moving prices would really be more slower but still just fine as long you arent on a rush on making profits.If this would be for long term then its would be a great choice but the thing i do recommend to change on this one is the share percentage. BTC should have more than on ETH because even eth do shows some excellent progress but theres no one can beat BTC in terms on long term.
