Discover your Crypto Portfolio Score and back it up with latest Crypto Millionaire updates

in bitcoin •  6 months ago

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Hello my fellow Steemians and Crypto investors,

As we announced in a previous early sneak peek post the new Portfolio Diversification Score for Crypto Millionaire is finally ready!

The latest update was released first to 10% of the users and later to 100% of users. So far no major bugs have been reported.

DOWNLOAD CRYPTO MILLIONAIRE from Google Play


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Crypto Millionaire is the only app in the market that provides this unique functionality. It’s the first time in history something like this has been released for Crypto assets!

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What's your Crypto Portfolio Diversification score?

This score will help you assess how well diversified your portfolio is. It is computed from factors such as the number of coins, their rankings and how much your investments deviate from the millionth of supply of each coin. It’s still kind of experimental so feel free to report bugs and features you’d like to see in the comments below.

The diversification score is not related to the fiat value of your investments. It's a statistical measure of how well organized your portfolio is, how much your coins differ from the median. It's OK to share screenshots on the comments below of you diversification score screen as long as you don't share the main screen where actual coin amounts are displayed.

Consider it a tool to help you diversify your crypto currency investments. A well-diversified portfolio will protect your investments in the future!

Backup/Restore your Portfolio

Also released in this update is a new feature that allows the user to Backup and Restore their portfolio information. This is very useful when changing phones or to keep backups of your portfolio information in a MicroSd card. It’s a simple feature, yet very useful.


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Backup/Restore your portfolio information to a MicroSd card or your phone's memory for safekeeping

This Crypto winter we are currently experiencing is the perfect time to pick up top ranked coins on the cheap. While everyone else is panicking you can swoop in and pick up very good deals. Crypto is a genie that can't be put back in the bottle. Don't believe the mainstream media FUD, we have already been through this many times before.

So, what do you think? How do like these new features?

Do you have other suggestions and ideas you would like to see available in Crypto Millionaire?

Do share your thoughts and Crypto Portfolio Scores with the Steemit community in the comments below!

DOWNLOAD CRYPTO MILLIONAIRE from Google Play


Millionth of Supply indexing strategy in detail

What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy

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Investing in crypto is becoming a safer bet each year as Bitcoin and altcoins get older, improved and better established. We are still in the very early days of crypto and the opportunity to strike it rich is well within reach of most people, especially during the Crypto winter we are currently experiencing which is the perfect time to pick up top ranked coins on the cheap.

While everyone else is panicking you can swoop in and pick up very good deals. Crypto is a genie that can't be put back in the bottle. Don't believe the mainstream media FUD, we have already been through this many times before.

However, for most new investors coming into the crypto space deciding which coins to invest in and how much is a very complicated issue.

There’s so many of them, so much information, high tech jargon and amazing promises that sound more like lies uttered by politicians than from the nerdy developers that are pitching them. Every new coin is hyped, packaged and sold like the next Amazon... However, despite all the hype and noise, we can now say with a high degree of certainty that some of them will make it big in the future, but which one(s)?

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Interesting fact: All users of crypto currencies today represent less than 1% of the number of current Facebook users. More details

The reality is, no one knows, whoever tells you they do, they are flat out lying, fooling you and themselves. This market looks very much like the early car industry in the United States. Thousands of car brands appeared everywhere, a lot of them were very promising (remember the DeLorean?), but most eventually went bankrupt, only a few succeeded in the long run.

So, how do I know which coins will succeed?

The simple answer is you DON’T. Trying to pick winners is very dangerous game that most people lose, those who don’t are demonstrably just plain lucky and end up losing everything the next time they bet big. The strategy that I’m introducing guarantees the winners come to you, rather than you pick them up.

How much money should I put in each?

This is a huge conundrum for most investors. With so many coins available and limited disposable income to invest it’s hard to distribute the funds in a sensible way.

Introducing the Millionth of Supply Passive Indexing strategy and the Crypto Millionaire app:

Crypto Millionaire is an app that feeds from the Coinmarketcap’s API and lists (or indexes) the top coins by market cap and daily trading volume. The coins at the top give you a pretty good idea of the current coins being favored by the market.

DOWNLOAD CRYPTO MILLIONAIRE from Google Play


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"Most of the wealth from the millionaires and billionaires of today will be transferred to crypto investors like you and me when cryptocurrencies become mainstream reserve currencies."

The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap . This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply .


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Screenshot of Crypto Millionaire showing the USD value needed to own the millionth of supply of the top coins ordered by market cap. Follow me @CryptoEagle for updates.

It doesn’t matter if you invest $100 dollars every month or $100,000 at once, your goal will be to own the millionth of the supply of the top coins as soon as possible by spending only disposable income . So, if for example, all you had is $100 dollars to invest monthly, you would invest this amount in each top coin according to the percentages shown, no more, no less. At the bottom of the app is the total amount in USD you would need to invest to do this for your favorite coins.

How rich will you be if you follow this strategy?

There are currently an estimated 10.5 trillion dollars in existence. If you owned a millionth of the supply of US dollars right now you would own about ten million five hundred thousand dollars!

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In the United States alone, at end of 2016, there were 10.8 million millionaires, according to a study from Spectrem Group's Market Insights Report 2017.

Credit Suisse estimates there are about 35 million millionaires in the world (including all financial and nonfinancial wealth, such as assets, collectibles, and homes). If we compare this number to 21 million, the total number of Bitcoins that will ever exist, we can see that there won’t ever be enough Bitcoins in the world for every millionaire to even hold just one!

Also, this doesn’t account for the disruption of other industries such as remittances, Gold as a store of value and many other new uses of crypto currencies that we can’t even dream of today. As an example, if Bitcoin overtook just 5% of the market cap of Gold, a single bitcoin would be worth approximately $24,000 USD.

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But, “introduce any crazy coin name here” is so great, the technology is amazing, so exciting. It’s the future, my guts tells me!

Yeah right, the market doesn’t care about your hunches, white paper promises, or all those great technologies that people sell as the best thing since Coca Cola. Nope, only market cap, volume and related network effect can tell you what coin will end up being favored by the market.

You must re-balance every once in a while

About every 3-6 months you should take a look at the index and re-balance it. If any coins dropped in market cap sell them and re-invest the money on the top coins until you own the millionth of their supply. If there are new coins rising to the top you should invest in them until you reach the goal as well, no more (over invest), no less (under invest). If you don’t do this you are risking missing the upcoming coins and keep investing in the long term losers.

Don’t invest on coins that only briefly come to the top
(Especial thanks to @famunger for contributing to this point)

Even though market cap gives you a pretty good idea of the top 4-5 coins, as you go down the list you will see, every once in a while, some temporarily overhyped coins that come up but can’t sustain their ranking and eventually crash. Only invest in coins that manage to maintain their top rankings for at least 3 months or more. Don’t fall victim to the Fear of Missing Out (FOMO) so typical in this world.

Advantages of this strategy:

  • You will be almost 99% guaranteed to become a multimillionaire by owning the top coins the market finally ends up favoring. You will certainly sleep like a baby!

  • You can start investing with very limited funds and continue investing periodically. Even if you don't get to own the millionth supply of every top coin you'll be certain you did as best as you could with your limited resources.

  • You won't over or under-invest in any particular coin and thus keep risks at a minimum.

  • You’ll skip all the typical drama of investing in cryto. The Fear of Missing Out (FOMO), the Fear, Uncertainty and Doubt (FUD), the daily crashes, the pumps and dumps etc. will not rattle your nerves and send shivers down your spine every time they happen.

Disadvantages:

  • This is a boring, long term, no feelings involved, passive strategy, you will not have the adrenaline rushes and enjoy or suffer all the crypto drama. Picking winners is reduced to a simple to follow probabilities game.

  • There may be coins that gain 1000 percent in a few weeks that won’t show up in the index until their market cap grows to the top and which you will miss but, on the bright side, you’ll also miss the big losers, the suicide inducing and family wrecking crashes.

  • There’s still the slight possibility (the 1% chance) that the entire crypto world is a huge bubble that will never work, the Internet could come crashing down after an EMP attack or a meteorite could strike earth... In which case we are all screwed anyways and should worry more about food and bullets to fight the zombies...

CHECK OUT MY PREVIOUS POSTS:

Roger Ver and Bankster's nightmares - Bitcoin Lightning Network edition

Is this the Bitcoin bottom?

New Portfolio Diversification Score for Crypto Millionaire!

These new Crypto Millionaire filters will help you find the best ranked value coins

How to bring normies to Steemit in three easy steps

Quantum Doom for Crypto? It’s all FUD and here’s why

WOW! Crypto investing app hits #4 trending on Google Play Finance! Just below Paypal and Zelle!

"It's Been Dismal" - Gold Coin Sales Slump As 'Bugs' Bounce To Bitcoin

Why China (or governments) can’t stop crypto

The case for a million dollar coin! - Cryptocurrency wallet users vs Facebook users. Where are we now?

Tell the community what you think of this post in the comments below.

Follow me for updates news and commentary on "sane" crypto investing.

Happy crypto investing!

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The app looks good and user interface is great. Cant wait to put my hands on it and see how it will be valuable in my Cryptocurrency journey. thanks bringing this to my attention.

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Thanks @hiroyamagishi! I use the app all the time, it was born form an Excel spreadsheet actually. It's not everyone's preferred style of investing, some like it fast and furious but I'm more of a slow and steady investor ;) regards

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Really Good App! I have honestly been waiting for someone to do something like this!

If you don't become a millionaire in the next decade, I believe it is everyone's own fault.

Right now it is the patient buying from the impatient. Diversify yourself with the majority of your holdings going into the top 5 and scale it down and in 10 years you will be looking pretty.

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Hey, you are looking pretty already @heyimsnuffles! Thanks for the encouraging words. Yup, it's a shame most people in the first world can't see how easily they can become millionaires by saving, taking advantage of crisis and new paradigm shifts like crypto currencies. regards

quite organized app, and we want all cryptos to be successful. not just the top 30. :)

App is good and you know what is the best thing?

Everything is on sale right now. I was just trying to figure out if I sell my bitcoin now and buy some other coins like ripple or steem I could profit more.

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Or you could lose everything. Keep your BTC, it's the safest investment. Dollar cost average your disposable income on other more risky coins. Slow and steady wins the race!

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i dont really take the price of bitcoin into consideration i perfer to look at it in the way of how much BTC one has. buy the dips!

Have been using this app for about a month now, and I love it, also love that you send us updates about new features in the works, thanks

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Thank you @barne734! We'll keep updating it with new features all the time. Regards!

That app looks great, I track my portfolio with something similar in excel. The millionth supply idea is a little odd,but whatever works for you. I like to go 50-80 percent top 5 coins, 10-25 percent top 100 coins and 10-25 percent ICOs. You express similar views to me about the FUD. Here's a recent post I wrote about the latest bubble https://steemit.com/cryptocurrency/@crypticat/what-s-happening-meow-crypto-bubble-bursts

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Hi there feline friend, 50-80 percent top 5 coins sounds good to me, you are covered. 10-25 percent ICOs seems to much risk for me but, like you say, whatever works for you. If it turns out to be a mistake in the future, you'll have no one but yourself to blame and learn from it, share your stories here.
The millionth of supply strategy will help you not to over invest, I know first world problem hehe. It's been very good for me. regards!

I've just installed the apps I love it simplicity but to reach the goals its like having a journey to Pluto.

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The thing is, you don't have to get to pluto, just get as close as possible with the rocket fuel you have. Keep in mind most other people haven't even thought of the trip yet ;) Check out the portfolio diversification score, it will tell you how well diversified you are, no matter how much you have invested.

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I just rely on my mining profits and still in the early process to expand it and buy more mining hardware to have a mining farm. But now, its seem it will take a longer time. I'm hoping for somebody would like to rent the place for mining to add extra mining hardwares.

Interesting app. While my portfolio is strong, it sure has taken a beating over the past month.

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Always remember, crisis = opportunity.
No major fortunes have ever been made without crisis ;)

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Thanks @cryptoeagle. Diversification and only using disposable income is a good idea. I think you also need to calculate how much money you need in fiat reserves, before you can decide on what amount is disposable. In my country (The Netherlands) we have a website where people can calculate the amount of emergency funds they need to pay for calamities. Think about a washing machine that breaks down, unexpected repair jobs and loss of income. They made a buffer calculation tool. I'm thinking of incorporating some of their strategies.

@cryptoeagle - great post my friend. I downloaded your Crypto Millionaire App from the Play Store and I'll have to check it out further.

I didn't know if you had any insight or opinion for SmartCash. A lot of folks on Steemit have been pushing SmartCash, but it's been absolutely decimated & trading at $0.068786 on 1 APR 2018 per CoinMarketCap.com. Do you know why it's down so far (even further than BTC or STEEM in the bear market today)?

Thanks for your post... Upvoted & Resteemed!

Thanks and keep up the great work.

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Hi @wealth4good,
I looked SmartCash on the app. It's ranked number 135 (very risky) but its millionth of supply is only $59.64. If you are feeling adventurous and have an extra 60 bucks to spend I don't see why not. I wouldn't buy any more than that though. If it proves a winner you'd own its millionth of supply, if it doesn't you lost a less than $100, it's a good deal.

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Great work. App is getting better and better all the time!

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Thanks Dan, it takes a lot of effort and time away from family but it's worth it seeing the results! Regards!

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Hopefully as interest in the cryptos erupts, so too will the Crypto Millionaire app!
Hopefully over the next few years it will provide you with more time and money to spend with your family!

You got a 25.28% upvote from @postpromoter courtesy of @cryptoeagle!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Thanks for sharing cryptocurrency update providing news.That app looks great, I track my portfolio with something similar in excel. The millionth supply idea is a little odd,but whatever works for you. I like to go 50-80 percent top 5 coins, 10-25 percent top 100 coins and 10-25 percent ICOs. You express similar views to me about the FUD. Here's a recent post I wrote about the latest

The updates are good although it caused a problem.

The swipe doesnt refresh the price...it stays the same....

I am not sure why it wont update...have to shut the app down and re-open it.

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BTW, how is your score? Did you find it accurate, useful? Regards

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Just released a minor update that fixes this issue. Check it out and please let me know.

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Yep, I realized the same issue was happening to me. The main developer is working on it. In the meantime, you don't have to close the app, just go into the details of any of the coins and it will refresh. Thanks for letting me know Task. Regards

fantastic! Thanks for taking the time to share this!

When will this come out on iPhone?

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Hi @ryan198,
I have a developer working on it. Last time it didn't work out. We'll see this time if this one delivers. regards

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I also would love to have this app available on iOS. Any chance of knowing the current time line for when it will be available?

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It's the same thing I would like to know from the developer I hired. He's working on it and should share a working prototype in the next few days but with these things you never know how long it'll eventually take. If everything went smoothly I'd say a month but it doesn't always go that way. regards

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thanks for the response! I appreciate it.

Thanks for sharing cryptocurrency update providing news.
I appreciate your analysis.
Upvote resteemit done

Crypto Millionaire is a fantastic App.

@upvoted & @resteemed

I'm having fun with this app. Nice post @cryptoeagle

Would be good if you can add a true volatility measurement to the analysis :-)

your app seem to be good. good luck

follow me i follow you good post

Hi @cryptoeagle
Excellent article. I subscribed to your blog. I will follow your news.
I will be grateful if you subscribe to my blog @user2627
Good luck to you!

Verry great work, I see that you made not a trash and putted here a lot of work. Keep going bro, upvote and follow from me for sure.

This looks cool. Will definitely try it out in the next a couple of days. Got to find something motivational while invested in crypto. Thanks.

Great. How do you know how much to hold? Here's a question for you. How many ripples do you need to hold that will be equivalent to one Bitcoin against it's circulation supply.
Do you think 230.088495575 Ripple will be the same as holding one Bitcoin...in relation to the circulation supply.

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Ripple's millionth of supply is 39,000 xrp.

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that wasn't the question but your answer serves the purpose...thank you...

This is what shows, that crypto is a reality :)

Información para trabajar contigo bro

Great one
thanks for sharing
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Have a great information. Which can invest in anyone.

Thank you for the useful pointers and the information.

Hello @cryptoeagle, thanks for your post, cryptocurrency interests me and you informed me very well.
Currently, I'm investing in cryptocurrencies and all information is relevant to me.
Have a nice day:)

Is this even legal 😂😂

Looks like a good app. Thanks for sharing the information. Followed you.

App looks good and improvements will definitely help more adopt.

Bitcoin ve diğer madeni paralarla ilgili bir fikir edinmek için blogumdaki analizi inceleyebilirsiniz.

Follow @harunbadilli

what is the percent of accuracy of this application?

Challenge, where you can win up to 100s $SD!
If you want to, you can try it here:
https://steemit.com/contest/@guessandgain/guess-and-gain-4-3-day-win-usd
epic-win.jpg

Nice post!

Apropos of nothing, I am asking here, because a post of my own went ignored.

Will Steem ever be directly publicly available or will it only ever be available indirectly through Steemit.com and through bitcoin purchase?

Thanks to anyone who has an answer.

its all about trading, shorting , arbitrage and marketing the ICO's that how REAL money is made not HODLING http://satoshipapi.io

Im selling http://satoshicash.io if any one is interested

Great Analysis appreciate your efforts.

Great analysis. thanks for sharing update news.
I like Bitcoin..it's very low price.

This news very interesting, I like it. thanks for sharing this crypto currency. I appreciate your valuable Post...........

thats good information, i can share my idea to that app. good luck for as and keep crazy to write our idea in this app.

Very nice crypto currency, I like it this Bitcoin money. thanks for sharing news..........

Well, the cryptocurrency markets are seeing a shakeout happening still. The interesting part is that Bitcoin's dominance has gone up. The good news is that the marketplace is around where it was in November of 2017. So, some people thought that they were late to the party...well, right now, it is like getting in "early" before the second boom. We don't see the market going too much lower before heading back up, though it may bounce within a certain range for a bit.

There are no guarantees in life, but we do think the market will head back up. This is such a revolutionary technology that has made such a big splash in the pond that it will keep going. Patience is a part of the game.

One key thing to remember though is that many of these cryptos are absolute junk. An analyst said one thing interesting...that there could be $100 billion or more of junk coins to be shaken out of the marketplace before things go back up. This also explain's BTC's dominance going back up.

Also, keep in mind that the regular stock market has been getting hammered as well.

So, we continue to build our portfolio's and trade the bounces. We put some information out there about how to profit during these times where the market is flat, and we will have more information on that this week, so, keep you eyes peeled!

Bitcoin has the right balance of pros and cons. That's why it's so popular.

I appreciate your update news.
I hope next week btc price update is very good.
Many btc analysis.
@cryptoeagle

this is a great post full of good info!