30,000,000,000 DOWN IN A DAY! Making money in Crazy Markets even when there is a 10% lose in a day!
The big guys and 70% of Altcoins are down in the last 24 hours!
In the past I've written articles on
- Bitcoin volatility,
- Cryptocurrency/Altcoin market for those that can not research or day trade
- how I took advantage of volatility
I'm happy to follow up about my remarkable success of my portfolio today!
But first, a disclaimer: I am not a licensed investment advisor, an economist or Journalist. These are just personal observations and thoughts, Essentially I am a pundit and have taken positions in some of the things I talk about...
Just a little background while I am no where near an expert in the cryptocurrency world,
I think my background helps me a just a smidgen.
I have worked programming for & consulting to Thomson Financial Systems, CS First Boston, Chase, Morgan Stanley, Software Options, a Fund taken over by Price Waterhouse and Independent Investors and served as an expert witness in two cases.
Specifically working on: Trading Systems, Portfolio Management, Order Routing Systems, Position tracking software, Analysis Case Tool, Risk Analysis software, and Arbitrage systems.
And presently I provide services as a business operations consultant. A position which includes me protecting clients by reading seeing and handling trends.
I am presenting my observations here, you must first decide if they make sense to you and if you can use it in someway.
But You must do your own analysis, findings and go do your own investment, this is just part of the information I use to make my portfolio decisions.
Full disclosure I have an investment in this....But whether you invest in it or not will not be affected by me telling it to you or not. And more importantly me telling you that your investing or not will make no difference in my positions net worth.
I have positions in the following coins:
|
Perkscoin (PCT)
Kyber Network (KNC) BABB (BAX) Ethos (ETHOS) IOTA (IOT) NEO (NEO) Dragonchain (DRGN) Trinity Network Credit (TNC) Huobi Token (HT) WePower (WPR) NeoGas |
Nano (NANO)
Kucoin (KCS) RED MegaWatt (MWAT) COSS (COSS) Oyster Pearl (PRL) Polymath Network (POLY) DigiByte (DGB) Ethereum (ETH) Crypto20 (C20) |
Credits (CS)
Litecoin (LTC) Binance Coin (BNB) Republic Token (REN) Steem (STEEM) Steem Backed Dollars (SBD) Bitcoin (BTC) Ontology (ONT) IOS token (IOST) 60 coins -selloffs/dividends/faucets/airdrops (<$20 each) |
So the bottom 2/3rds of portfolio today were a big confirmation of my plans!!!!! Add to it my positions in Babb, Perkscoin, WePower (the final column is my 24 hour change)
You may notice that I have nothing in bitcoin and very little in the top twenty (except fo Neo).
As the market corrected downward I slowly:
moved into coins with real products and/or a user base attached to them, (75% don't have this and should not bounce back immediately and 90% of those bad coins will NEVER BOUNCE BACK )
This technique is called a flight to safety. It makes sure when the believers jump back in to the true valued coins, you will there as they push the coin prices back up. And in few cases they have buying frenzies and your in heaven.Instead of buying specific cryptos in the top 20 I knew were way undervalued switched my positions to crypto20. Bought every time I could get it as a discount vs. the underlying values on smaller exchanges, immediately making a profit. this is how i invest in the top 20! Yet I don't need to constantly watch them all and constantly
stayed out any icos while the correction was still heading down fortunately the 2 i was involved with realized not to release there coins on the market till the bounce back was definitely in recovery (BAX and PCT)
Picked up Steem at a song and used it both for my portfolio and for bidding on bots because people did not want to bid with coins they acquired more expensively. Thus getting the bots giving better returns.
Now I have a base portfolio which is resilient and should make money, because other people will move into my positions as bitcoin and ethereum become less dominant and cause further corrections.
Reality for Cryptocurrency Market Volatility...Why it will continue this year....Simple and clear reasons...
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons
CryptoCurrency Investment For those who Don't want to day Trade! The safest way to Invest in the market!
https://steemit.com/cryptocurrency/@richatvns/cryptocurrency-investment-for-those-who-don-t-want-to-day-trade-the-safest-way-to-invest-in-the-market
Great News today, The rollercoaster in cryptocurrency markets continues!
https://steemit.com/cryptocurrency/@richatvns/great-news-today-the-rollercoaster-in-cryptocurrency-markets-continues
If you want more content like this Please upvote and resteem those articles for me....
Wow this is an interesting article. Why are you so invested in Crypto20?
Unlike Steem it is a coin which has already backed asset values (steems value is being built by the community, C20 serves as an index fund of the top 20 market cap crypto currencies, where any one currency is capped to 10% max of the fund, to prevent undue weight. They maintain a portfolio of the top 20 currencies which equate to it's real world value.
The beauty is if at any point the price of the C20 goes below the underlying share YOU CAN TURN IT IN FOR THE UNDERLYING CURRENCY FOR MORE MONEY on the Crypto20 site. Thus enforcing and assuring the price to be at least the average of the top performers of the crypto-currency market. read my article from the post for full info:
https://steemit.com/cryptocurrency/@richatvns/cryptocurrency-investment-for-those-who-don-t-want-to-day-trade-the-safest-way-to-invest-in-the-market
This post has received a 3.75 % upvote from @boomerang.
RIP all those coins. Maybe now I should buy some of them since they are that low.
RIP 2700 out of 3600 right now....
didn't you read rule 1?
"moved into coins with real products and/or a user base attached to them, (75% don't have this and should not bounce back immediately (and most NEVER) - called a flight to stability)"
MOST WILL NEVER BOUNCE BACK, That's what happens when bubbles bursts and markets correct!
Hmm, in that case, what is your opinion on Electronium? I've been mining that and amounted to about 500 of it.
I'm staying away from it as a long term investment...
A few reasons:
Coin Metrics (over 2/3rds not distributed)
Also to few coins for the market they are targeting because they only deal with 2 decimal places 20 billion in a world of trillions too small.
They do not have built in associations with vendors through the advisory board, i.e. Amazon, Starbucks, TJX Corp., Exxon, Universal Movies Theaters, Mcdonalds, eBay
Members of the team while big time VC guys are not Blockchain experts
Lots of up play fluff ad wording on their site, yet the white paper is not there with the details!
Looks like they said proof of stake but now they are doing proof of work with miners.
If mining is done on cellphones this is a much more dangerous way for you to lose your money essentially your mining rig and your passwords get stolen if your phone does.
Also because of the backup to cloud services if the cloud services are hacked your mined crypto could be gone because of password theft.
Notice the initial pump and dump on the release...
THEY SHOULD INITIALLY HAD A FIAT EXCHANGE ON THEIR NETWORK THEN GONE OUT TO PLACES LIKE KUCOIN. THE COMMON MOBILE PHONE USER IS NOT GOING TO EXCHANGES TO GET COINS JUST TO BUY AN CELL TO OTHERS FOR MICROPAYMENTS WHENUSING VENMO, PAYPAL, SQUARE DEAL, Chase and 100 other payment apps.
I think it's a mangy dog with fleas when compared to Crypto20.
Note Steem has problems two but not anything like ETN