Time for another update on my cryptocurrency portfolio. The last four weeks have been crazy and a lot has happened. Youβll see some reflections of that in the details below, mostly in the Play Money segment.
I hope you find these updates 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 (even though the short term is always interesting as well). 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 βCoreβ segment of my portfolio as described in my post about the 70% Core / 30% Play Money approach to cryptocurrency investing.
Changes in the long-term segment (Core)
The coins in the Core segment are still the same ones, but with a slightly different distribution.
I decided to decrease Bitcoins dominance a bit, together with that of Waves, to make room for a relatively bigger position for Neo. Lately I am quite impressed by Da Hongfei and his team. Neo is making big steps and is on its way to compete with Ethereum. More ICOs are coming to Neo and some built on Ethereum actually switch to Neo or are planning to. Waves has a lot of stuff coming as well this year, but somehow stays behind a bit.
| Name | Symbol | Current | Change (Ξ) |
|---|---|---|---|
| Bitcoin | BTC | 26% | -4% |
| Waves | WAVES | 20% | -4% |
| Ethereum | ETH | 16% | 0% |
| Neo | NEO | 16% | +8% |
| Stratis | STRAT | 14% | 0% |
| Monero | XMR | 8% | 0% |
Changes in the short-term segment (Play Money)
A brief overview of the buys and sells since the last update:
Sold
- Digibyte (DGB)
- Pivx (PIVX)
- Decred (DCR)
- Ark (ARK)
- Everex (EVX)
Bought
- AChain (ACT)
- Aion (AION)
- AXpire (AXP)
- BeeToken (BEE)
- WePower (WPR)
- CoinLion (LION)
Current token vs coin distribution
I prefer to bet on the house rather than the player. Therefore I want to keep an eye on the token vs coin distribution in the short-term segment. Want to know how I define 'coin' and 'token'? Read this post. Also, Iβve counted the projects that eventually have their own blockchain, but now temporarily use a token (e.g. ERC-20/NEP-5), as a coin.
Current consensus mechanism distribution
Since I don't want to bet all my investments on just one method of reaching consensus, I also keep an eye on the current consensus mechanism distribution within the short-term segment.
So, what do you think? Please share your thoughts and letβs discuss!
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Disclaimer: I am not a financial advisor, trader or developer. I am just a crypto/blockchain enthusiast. Please do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.