Heya,
I am a newbie around altcoins, who hope someone more experienced can help me ensure I am going down the correct route(s). Apologies if it gets slightly technical.
My portfolio consist of roughly 20% BTC, 20% ETH and then the rest is 6 altcoins (ARK, REQ, IOTA, STRAT, QTUM, OMG). My total portfolio start value was only around 650USD (750USD now after 3 days), so not a huge fortune. I hope to build this up by having coins with higher increases than BTC or ETH (otherwise no point in not having everything in those
).
So far my IOTA and ARK are at roughly 40% gain, and I am considering changing them back to either BTC or ETH for further trades.
BTC and ETH is up 10%/5% since I started. I am a little in doubt about what is the best approach. As I see it I have the following options:
1) Keep them, and hope for continued better gains compared to BTC or ETH
2) Change them to BTC or ETH, and then attempt to invest in another coin at a time when it is low.
3) Change them to BTC or ETH and just keep them there.
Number 2) is probably the way I will go (at some time). I see both BTC and ETH as base currencies, since they are the ones I can easily transfer into USD if I want.
Would it be better to change them back to BTC? Or to ETH? Since I bought my ARK/IOTA, BTC is 10% more expensive, and thus my real value gain (in BTC) is around 20%. However changing them to ETH would give me a better value gain due to the lower growth of ETH? If one believe ETH will on average have same %-gains as BTC, then changing them to ETH is the better choice?
Another way of putting it is that if the ETH/BTC trade pair price is higher than 'normal' the better strategy is to change to BTC, and if it lower than 'normal' then to ETH...does this sound reasonable?
Let me know if it is unclear, or if it is just manic ramblings
