The Contrarian-Crypto Index™
8th January 2018
Reduced and rebalanced my portfolio today. Got them listed out with percentages nicely. Pretty sure I missed a few, but this is a good representation. You might ask if I'm just joking since I don't have Bitcoin and Ethereum as the majority. I'm not joking. You'd just have to take my word for it..
So my holdings can be characterised as highly risky as it's unusual. Barely any of the current top 10 coins. Why is Steem at the top? It's just what I use the most.. plain and simple. This is not to be taken as financial advice. Just wanna share for those who are interested. Use #crypto-portfolio if you plan on sharing yours :)
Generated by Blockfolio: https://www.blockfolio.com/
I noticed you aren't holding any Ripple, a lot of my friends who have just gotten into cryptos are real excited about it, but I think any coin that isn't decentralized, or even has fees for that matter is destined to be surpassed by something like Steem, which is completely free and pretty much instant.
Ripple isn't much of a crypto.. lol.
Btw Steem's transaction fee is completely free, but it remains that it's not a free platform, meaning that the market's paying for the platform's operation one way or another..
You mean via witness costs and that it takes steem to create a new account?
And also a net positive capital flow from voluntary contribution :)
Lovely posts your @kevinwong I wish you will support me something thank you I'm waiting your some idea thank you
Now I gotta research again!! This crypto stuff is just moving too fast!
Btw, no need to hide your balances, we can all see in your wallet and calculate the amounts from there. Unless you have Steem on some exchange, but that just feels so 'wrong'..
The percentage is more important than amount..
Btw nothing wrong with having Steem on exchanges?
I think powered up Steem is the best Steem.
Lol true. Imagine if 100% of the supply is all powered up most of the time.??
Steem to $100.
Hi, I want to INVEST in cryptocurrency but I couldn't decide in which one I should start invest. Can ANYONE help me please?? Is "ETH" ok?
ETH is okay. It has some challengers in its space, but highly unlikely to be overtaken overnight.
But, no offense, putting your money into something because random internet people told you to isn't investing. You need more @masterroshi type answers right now.
Invest in Steem.
A good way to make your choice consider these things
Platform viability
Developer activity
Communty avtivity (is the community active and using the platform)
Your budget (i suggest spending on 2% of your holdings on an investment till you feel good)
Whitepaper
Exchange listings (is it easy to buy, does it have good volume?)
ALWAYS BUY DURING A DIP NOT WHEN ITS RUNNING UP YOU WILL BE MAD
There are many other criteria you can us but these will at least help you get started and build up your understanding of the cryptoverse
Haha. He might have steem in other accounts, etc.
That's a pretty sick portfolio @kevinwong. I am 100% on board with the steem argument. Like it's a coin, that already has a working product, and you can actually use it and do meaningful stuff with it. If that doesn't sound like x10 safer than all the "whitepaper investments" I don't know what does.
Lol exactly. It's not easy to get adoption no matter how complicated and well crafted the plan and designs are.
All are up so much!! Don't even know which one to join >< Just glad to be in Steem during this time of bullishness 😍
I think Ethos (or BQX @ https://ethos.io) should be quite good for any users as well like Steem when it comes out :)
Solid picks you have. I like your "majority" holdings. Steem should continue to rise. XRB had a nice correction today but is already climbing, SUB should be solid- hopefully their testing goes well this month, LSK should rise up until Feb 20th when they have their rebranding/meet up, and I think BTC should be legging up for its next rise. I'm expecting $20K BTC in the near future. Good luck!
@kevinwong I see you! Great choices! I hold 30 or more different cryptos as well and I can totally understand why you prefer altcoins!
By the way I totally agree with holding BNB and KCS! I believe it is a really smart move to hold those exchanges' coins right now! Especially KCS, the KuCoin platform pay 50% of their total transaction fees revenue to KCS holders.
Still kinda dangerous though, as these exchanges have single point of failure..
thanks for showing your portfolio. A bit surprised you are not in NEO. I am definitely looking at SUB and SAN. Never heard of either of them but you have a good % of them so it must mean something good about them. Thanks.
I usually decide from logo / feel of the website first before I start digging in haha.. Bad practice i know but I need to save some time ..
hey you are a crypto millionaire. It is proof to me what you are doing is working. I am not saying its the best but its working! I may have to start thinking the same as things move rapid pace and not over analyze coin or else I will miss the boat when it moons. Thanks.
After going through your crypto-portfolio I got to realize that the world of currencies has fast evolved, before the paper money we had others which evolved to the plastic money (atm cards) and now the internet money as I would call the cryptocurrencies which is bring the right turn around ... And then i come to realize how valuable usernames and passwords will be in the nearest future...
It depends on what platform though :)
Ok, I will keep looking forward to your post...
I get amazing insights from
no silver??
haha, for sure ... just that collecting precious metals has little humor value (-: you got me !!
haha btw, what do you think of this? https://x8currency.com/
the gold standard! (-: i wish it just said gold instead of fiat & gold, but i guess residing in swissland is a good sign.
Very kool to see what you're holding and especially the %'s involved. I don't old near as many and my selection is a bit different but I'm looking to add more alts especially good ones on the lower end and just hang onto then this year! I do love my steem though and I feel it's going to do extremely well in the future. Thanks again for giving us a peak. Much appreciated!
shopping for coins is the new shopping xD