Twister's crypto portfolio #7 We did some changes in our portfolio
Hi dear Steemians and Crypto investors, It's been a while since my last post, but I don't have much free time and so I will just post when there are the changes to the portfolio, here is what we did.
sold 5 BCH
sold 0.3 BTC
sold 10000 XEM
bought 2500 IOTA
bought 50000 XLM
and the rest is in 4800 USDT
USDT will be used in next week or months to buy back into coins if we will see a bigger correction (like BTC under 7800$ and we will buy in by steps if the price is dropping not all at once, or we will wait for the bottom and brake out to the bullish side)
When we rich 100k with out portfolio we will cash out 20% to gold and silver.
Here are fresh numbers
Starting balance = 48.115 $ / Balance today = 65.264
P: 17.149 $ (+35.64 %)
Here is how the updated portfolio looks like to compare it to the old one, just check my older posts.
What can we expect in near future... difficult to say, technically some kind of correction should come if not before the new year, probably after. The argument against it is that the institutional money will just start to come into crypto after the new year when more and more funds will invest. The futures will also bring volatility probably the whales will get a new toy to manipulate the market. Good times for swing traders probably, however this all new WS money that is coming in is not a decision of faith and belief it is just the pragmatic move to get profit. And so they will sell not hold.
Let's see what the future brings.
Next update will follow, when new changes to the portfolio will be made or when the situation needs some commentary.
Feel free to agree or disagree with me, any comment is welcome
I am @twister and I always have an opinion and you will hear it no matter what or who you are :) and no matter if you like it or not!
Wish you all a good week-end
[1st. pic source - bitcoinhub.co.za]
How much would be your profit if you just hold BTC from day one?
Well, of course higher. On day one price for a BTC was 4.617 $. Our initial deposit was 48.115 $. It means we could buy 10.421 BTC. Today's 10.421 BTC is at the moment worth of 101.044 $ (9.696 $ per BTC second CoinmarketCap)
Means holding just BTC with its incredible run would have made approx. 110%.
This is one side of the story, but I am a big believer into diversification. When I've started with the Twister's portfolio many of alt coins have been on ATH positions and nobody really expected that BTC in following months will eat all the market and gain so much. However, this is a long term portfolio and so the growth of 35% in couple of months with a great potential is not so bad. Also we have nice hedge on BTC and if the future should be in a favour of some other projects comparing to BTC we will get a piece of that growth. For me investing is not gambling and so my portfolio is not based only on one coin. Thanks for coming by.
hmmm...USDT is not a good option I think...I read at many forums that company behind USDT has no cover for huge amount of USDT...
Yes u are right but... that is an example...u can just move BTC or LTC to Bitstamp and change it into fiat... to feel safer. Depends on the amount and the situation I guess. But for now still although all the fud about Tether I think it is still safe, didnt they hardfork it and get the hacked money back? But definitively agree with you, any decent amount should be better kept in fiat rather than USDT
at Bitstamp I have only BTC right now... I miss the height to change in fiat...so I hodl and wait next month to buy more... all other cryptos I have in two Iconomi funds Blockchain.Index (BLT) and Carus-ar (CAR) and some tokens in MEW.
How are BLT and CAR doing, do they beat the market average(top30 or so)? What about the fees?
Read this https://steemit.com/cryptocurrency/@seckorama/blockchain-index-blx-iconomi-fund-reaches-47-41-monthly-roi