Building up my own Crypto Investment Portfolio. What I am personally Buying and Selling. How I started with just 1700$ !
I just started buying cryptocurrencies in August 2017. My goal is to invest for the long term and only buy the best and safest cryptos. Why the best? Because only the best will survive and probably 95% of all other cryptos will render worthless!
My investment plan is to take profits down the road and diversify in other cryptocurrencies to build up a nice portfolio.
My first decision I had to make was, what do I buy first: Bitcoin or Ethereum?
After educating myself on this topic, I put all of my initial capital in Ethereum and immediately took some Ethereum to buy Steem Power.
In the beginning of December I took some profits on Ethereum and bought about 2500 Ripple. Because of the substantial rise in Ripple, it went up 10-fold in about 1 month, I decided to take some profits and converted about 1000 XRP in Bitcoin. Now I still have about 1500 Ripples essentially for free.
At the same time I also took profit on ETH and converted a little more than 1 Ethereum into Bitcoin.
Why Bitcoin? I consider Bitcoin as the benchmark for cryptocurrencies and BTC has a limited supply.
BTC declined about 20% the last 3 months, so today I added 1200 usd to my account and bought some more BTC. When a new crypto opportunity arises, I want to be ready to convert my BTC into the new crypto.
My portfolio is currently up about 4 times my initial capital, which is an extraordinary result in just 5 months, with not taking too much risk.
If I make any changes to my portfolio in the future, I will post to keep you posted.
Thank you for reading!
You're doing well. I started late August 2017. I like the higher risk coins. They might not be around for long but if you time it right, they're good. Then I use the profit to buy coins that I think are solid, like Steem. Most of the money I have in Steem came from Burst. I only looked at that because it's good to mine, using hard drives. Then I saw that it looked very undervalued, compared to similar coins. It took a few months to move up but it was worth it when it happened. HTMLcoin is my best buy so far. It was going for just 2 sats. I only bought a small amount and sold some at over 30 sats. Now I'm looking for another one like that. Some ICO's are good too. I'm sure many of the top 50 coins in a few years haven't been launched yet, hopefully I can get some at ICO price.
Seems like you are doing well yourself too. Key is to invest small amounts and to put the profits into the most valuable ones.
It seems like you have a good investment strategy that's working for you.
I've just got on board myself & all I've seen so far is a loss. I'm not too concerned though and I'm not about to panic.
I believe 2018 could be a good year and if I had more to invest I would be buying up in the current market low.
Looks like you have been buying at the top. It is best to buy on pull backs. Most people have the fear of missing out (FOMO) and buy very high. Patience is a virtue! But I also think 2018 will be a good year and cryptocurrencies could go a lot higher.
Yeah I did buy at the wrong time, I just wanted to get my money out the banksters pockets really. I'm sure I'll make it back if I Hodl it for a while.
I first bought Bitcoin around $5 and it went down to touch $3k. Thought I might of jinxed cryptocurrency but then it shot back up. If 2018 is like 2017, you should do well just holding.
Very nic
Thank you Missrdx!
Well done I'm trying to do the same sort of thing myself, good luck in 2018!
Thanks, the same to you ...
how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinions
In my opinion BTC is going much higher, most people still aren't buying. thousands of new crypto account are opened every day. But you have to be aware that BTC is now also trading on futures markets and people, institutions and governments can now short BTC. The price of BTC started to decline around the opening of those future markets. But I believe this is just temporarily. To put on a price prediction is just a gamble, but I believe the price will certainly increase quite a bit. Hope this helps!