Hi all!
It’s time for another update on my cryptocurrency portfolio. As I did last time, I also included the changes in the short-term Play Money segment of my portfolio.
I hope you enjoy these updates and you find them valuable. The main goal of these updates is to spark a discussion on what might be the ideal cryptocurrency target distribution within a long-term focused portfolio. Please share your thoughts with me and others :-)
Current target distribution long-term segment
The cryptocurrencies below make up at least 70% of all the coins that I hold at the moment of writing. They are the ‘Core’ segment of my portfolio as described in my post about the 70% Core / 30% Play Money approach to crypto investing.
Changes in the long-term segment (Core) since last update
I’ve reduced the number of coins in my long-term portfolio by one, together with some slight changes in their respective weights. Although I am a big fan of Steemit, Steem no longer has a position in my long-term segment. I have not sold any yet though.
Next to that, I increased Bitcoin’s dominance because I believe the risk/reward ratio of BTC will be relatively good in the coming 6 months. Institutions are entering the space and will be focused on BTC because of its relative low uncertainty combined with the fact it is just the easiest one to get their hands on. As you can see, the three heavyweights make up 70% of my current target distribution.
| Name | Symbol | Current | Change (Δ) |
|---|---|---|---|
| Bitcoin | BTC | 30% | +6% |
| Waves | WAVES | 20% | 0% |
| Ethereum | ETH | 20% | +2% |
| Neo | NEO | 8% | -2% |
| Ripple | XRP | 8% | 0% |
| Stratis | STRAT | 8% | 0% |
| Monero | XMR | 6% | 0% |
Interesting events around the above I will be paying attention to are the so-called ‘Cashening’ & Waves DEX update (planned on November 20th). What will you be paying attention to?
Changes (in order) in the short-term segment (Play Money) since last update
- Sold VeriCoin (VRC)
- Sold Verge (XVG)
- Bought Metal (MTL)
- Bought Waves Community Token (WCT)
- Bought VeriCoin (VRC)
- Bought Verge (XVG)
That’s it for now. Please share your thoughts and let’s discuss!
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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.