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RE: What Should Your Crypto Coin Portfolio Look Like?
Looking at marketcap I would say you are overweighted in bitcoin. A lot of the altcoins seem to be rising at the expense of bitcoin marketcap.
I would put bitcoin in the less than 5% column. After all, those other currencies can be traded for bitcoin if one needs conversion. I would up golem to about 10% at least.
Great post though. Guess time will tell.
My portfolio is approximately
12% steem
33% golem
50% etherium
Hmmm how come golem if you dont mind me asking, im kinda new to crypto
golem has an application to back up its crypto currency just like steemit. Just acting as a currency to transfer value was solved by bitcoin. Today's crypto must have some blockchain functionality that supports specific applications. For etherium, the primary application is smart contracts. Steemit has social networking. Golem has distributed computing. If golem succeeds a cell phone could potentially perform faster calculations than today's fastest supercomputer. I also like lbry for the same reason. Besides application specific functionality they also act as a currency with faster transaction times than bitcoin. The only value bitcoin has now, as I see it, is that it has been adopted by so many currency exchanges and has evolved into a legitmate currency. Other currencies have yet to reach the market penetration of bitcoin. But since other currencies can be traded for bitcoin there is no reason to hold bitcoin in a portfolio where one is looking for value, potential value, and returns.
Nice, thanks for the info i'll do a bit more research on golem
I was looking at Golem too and found this, I'm very new and have found lots of good info and sharing my adventure!