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Author Topic: Critique my altcoin portfolio plan  (Read 670 times)
Bramen
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July 18, 2017, 11:58:37 AM
 #1

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.

Code:
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!
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July 18, 2017, 12:04:14 PM
 #2

Considering you are "brand new" to this, you have chosen some decent coins. However in my personal opinion, I would avoid XRP and DASH and instead go for something that has more upcoming potential like WAVES and ZEN.


My reasoning to NOT go for XRP or Dash:

XRP

http://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/

A quote from the linked article:
Quote
In short, it's hard to come up with any rational reason why XRP exists in the Ripple protocol, other than as a means for Ripple to make money. Lots of money. When Ripple launched, Ripple created 100 billion XRP tokens. To achieve some resemblance of fair initial distribution, they donated billions of XRP in various giveaway schemes.


DASH

https://bitcointalk.org/index.php?topic=2018364.msg20111613#msg20111613

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Bramen
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July 18, 2017, 12:27:10 PM
 #3

Considering you are "brand new" to this, you have chosen some decent coins. However in my personal opinion, I would avoid XRP and DASH and instead go for something that has more upcoming potential like WAVES and ZEN.

I've really struggled about Dash due to its past, but thought I'll include it given the active development - certainly fueled by the exorbitant block rewards.

XRP is a long-term play: if I understand correctly, when the final XRP is created and given away within a few years there may be an appreciation of it vs fiat currencies. That is only if XRP is in wide use and Ripple is functioning. Not a fan of the centralized nature of Ripple, either.

Neither WAVES or ZEN is available on Kraken. Any other recommendations to replace XRP or DASH?
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July 18, 2017, 12:28:30 PM
 #4

I'd stay away from ETH and put that 25% into BTC. Maybe get some ARK and XVG.
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July 18, 2017, 12:36:30 PM
 #5

I'd stay away from ETH and put that 25% into BTC. Maybe get some ARK and XVG.

What is the reasoning behind these recommendations? ARK and XVG are not on Kraken, so aren't options for me, unfortunately.
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July 18, 2017, 12:55:54 PM
 #6

Considering you are "brand new" to this, you have chosen some decent coins. However in my personal opinion, I would avoid XRP and DASH and instead go for something that has more upcoming potential like WAVES and ZEN.

I've really struggled about Dash due to its past, but thought I'll include it given the active development - certainly fueled by the exorbitant block rewards.

XRP is a long-term play: if I understand correctly, when the final XRP is created and given away within a few years there may be an appreciation of it vs fiat currencies. That is only if XRP is in wide use and Ripple is functioning. Not a fan of the centralized nature of Ripple, either.

Neither WAVES or ZEN is available on Kraken. Any other recommendations to replace XRP or DASH?

If the coins you want isn't available on Kraken, just buy BTC first and then exchange them for the coin you want.

There are a couple of exchanges where you don't even need to register for an account and the conversion is "on-the-fly"

https://changelly.com/
https://shapeshift.io/

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July 18, 2017, 01:00:30 PM
 #7

With the exception of DASH, I like what you have here.  Personally, I would flip-flop Ethereum and Bitcoin, but that's just my opinion because I think Bitcoin is rather cheap right now considering its potential (but I think the same thing about Litecoin, too).

And I, too, only trade on Kraken.

Good luck!

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July 18, 2017, 01:07:03 PM
 #8

Nix Eth, XRP, and Dash.  People need to stop buying overly centralized coins, they cannot be trusted and end up being far more volatile.  The other three are good picks, though right now I would prioritize LTC, as that will be the best hedge against BTC during the potential fork.
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July 18, 2017, 01:10:00 PM
 #9




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July 18, 2017, 01:29:31 PM
 #10

your biggest mistake is having the least investment in BTC, everyone knows that bitcoin is the first choice and in case BTC goes down all the rest drop too. and the drop will be bigger for example BTC drops 10%, alts drop 50%.

also as the first comment said i would also stay away from XRP and DASH. and also ETH. but i will keep ETH under my observation. it is a good pump and dump coin for quick profit.

i would change the percentages to 50% BTC, specially since it had a very good dip below $2000
and increase the LTC % to 25%
and also increase the XMR %, that is at the bottom of your list! it should be higher.
i am also a fan of WAVES but not much of the other one. and it is best to keep the numbers limited.

i would also keep an open slot for any new small coins for day trading. usually there are good chances on the market daily to take advantage of and make a good profit in half a day.

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July 18, 2017, 01:39:36 PM
 #11

I would tend to agree with doubling your BTC as a hedge against all the others. It's true that you stand to gain the least since it's already priced so high and even to move 50% is a huge ask now but that's the whole idea of hedging. All the other alts tend to be affected by BTC, except when they fall hard.

I think that's a very strong list of alts by any measure. I would put in 1-2% on a risky alt or token, almost entirely speculative? Like one of those ICO scams. I mean alts.

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July 18, 2017, 02:05:00 PM
 #12

Great portfolio, I would put in more BTC and reduce XRP

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July 18, 2017, 02:07:35 PM
 #13

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.

Code:
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!
Your portfolio plan is nice, but I if I were you instead of putting 25% on ETH, I would put it into ltc and I will just use 20% with ETH.  I would also try to decrease my portfolio on dash by 5%, adding it on my bitcoin portfolio or maybe monero.I doubt dash and xrp but they are worth a gamble anyway they have a room for growth, but I would try to keep my portfolio on them as low as possible to get decent profit from them.

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July 18, 2017, 06:06:08 PM
 #14

Thank you for all the very helpful comments.

I changed the structure so that BTC and LTC take 55% of the portfolio, and Monero, ZEN and WAVES at 10%.

After your comments and further research into XRP, ETH and DASH, I dropped them to only 5% each. Given the reservations I have about all of their soundness and ethics, and possibility of them being Ponzi schemes, I might even drop them from my monthly buys, and hold only the initial investment.

Quote
Ticker   Share of portfolio
BTC   35%
ETH   5%
LTC   20%
XRP   5%
DASH   5%
XMR   10%
ZEN   10%
WAVES   10%
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July 18, 2017, 06:09:39 PM
 #15

I would take out XRP from the list
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July 18, 2017, 06:24:12 PM
 #16

I would take everything out from xrp and dash and put those moneys on ETC and ARK, both have development to speaking for themselves

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July 18, 2017, 06:49:49 PM
 #17

Your portfolio is not special, includes top 10 coins in the market cap so there is no need for criticism as it has no interesting coin.

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July 18, 2017, 07:04:30 PM
 #18

Actually its a great portfolio as a new investor, but seeing as its only got established coins it is unlikely to see the huge gains of the past. The best way to get good returns is to invest in initial coin offerings and app based coins/tokens.

Getting in early to good projects is how to gain several thousand % ROI.




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elitistdouche
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July 18, 2017, 07:30:31 PM
 #19

by crypto standards your holdings are very conservative and i think redundant to a degree.

maybe have 50-80% in just a few of the top 10 coins

the rest in dozens of shxtcoins that aren't on big exchanges yet

IMO worst case the shxtcoins go to zero in few years, but your major holdings will have 2-3x by then so youre still winning compared to any other investment

while really theres a good chance just 1 of the dozens of the shxtcoins you bought goes 100-1000x

rub hands together while cashing out like smart money does (selling to dumb money that gets in late on big exchanges)





Bramen
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July 18, 2017, 08:16:52 PM
 #20

by crypto standards your holdings are very conservative and i think redundant to a degree.

maybe have 50-80% in just a few of the top 10 coins

the rest in dozens of shxtcoins that aren't on big exchanges yet

As mentioned, I'm very new to this, so I set up a conservative portfolio for a reason - as much as one can use that term with cryptocurrencies.

But very good point. I plan to start putting money in ICOs in the future after I get comfortable with exchanges, wallets, security, etc.
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