My Crypto portfolio is up 400% in 3 months!
Introduction
I squirreled away some precious metals last year and the year before. My overall liquid savings portfolio looked like this at the beginning of the year:
- Gold 35%
- Silver 35%
- Cash 30%
I finally saw the light a few months ago and decided to invest in cryptocurrencies. I wanted to have one bitcoin for each member of my family, invest in a few alt coins and do some bitcoin trading.
Much to my surprise, after watching the price of my precious metals remain more or less steady, my cash lose purchasing power since last year, the cryptos have exploded in price.
Photos courtesy of Pexels.com
CRYPTOCURRENCY PORTFOLIO
I've made gains and cashed out on
- Populous (2500%) - I sold about 30% of my overall holdings
- Monero (100%)
- Veritaseum (78%)
- Litecoin (20%)
- Dash (15%)
I'm holding for the long term
- Populous (1500%)
- Neo (480%)
- TenX (150%)
- OmiseGo (5%)
- Cloak (-20%)
- Humaniq (-22.5%)
Percentage up as of today
Still holding and want to get rid of
- Komodo (-40%)
Not seeing the use cases for Komodo anymore. I think there is too much competition and it doesn't do anything that really separates it from the pack in my opinion.
Coins I cashed out on and got murdered on
- Cannabis coin (-75%)
Cannabis coin was a tiny 1.6% of my overall portfolio. I had a bit of spare coin and I took a completely uneducated risk but none the less, I hate losing and barring Cannabis Coin & Komodo, I think I have a reasonably respectable track record.
Coins I've got in on but haven't received or aren't trading yet
- Kickico
- Football coin
- Foodcoin
ICO's I want to get in on
- Sandcoin
Photos courtesy of Pexels.com
The thing that wasn't meant to be
Cryptos were not meant to be the majority of my investment holdings, they were meant to be around 5-10% of my overall holdings, they just gave themselves the majority entitlement since June of this year! A mere 2-3 months ago. Incredible.
My overall investment holdings look like this now:-
Cryptos - 30%
Silver - 25%
Gold - 25%
Cash - 20%
Not to mention, I've taken out my initial crypto investment so I'm now trading "free money".
It's time for me to give back
I know there are a lot of people who are doing much better than I am out there. Don't get me wrong, I don't think the above performance is that special. A rising tide lifts all boats.
I run two successful companies, my wife works as an IT manager and we have some investment. I'm not blogging because I want to make money, I'm blogging because I want to give something back to the universe. There are a lot of people who give, give and give some more on Steemit, Youtube etc. I've benefited from listening to people who contribute often for free, it's time for me to give back. I hope I can help some people out there who are kind enough to read my blog.
Ideally we can all make money together, pay off our debts and buy that house, car or investment we've been dreaming about. I have invested in other financial instruments in the past but honestly, I've never seen anything quite like the movement in the crypto space and the potential gains that are possible.
I always thinking about "what if" I had invested in Bitcoin and not silver/gold to begin with. I'd be retired by now. None the less, I do believe the precious metals will have their day in the sun but it's a long term hold.
It's your own money, do what you feel is best for you (and your family if you have one) but boy oh boy, there is money to be made in cryptocurrencies.
Safe Trading my friends.
Nice. I can relate. :)
Thank you very much for your comment @longstocksilver Following you on Steemit...