Hey Everyone, this is the 3rd post in the series I'm doing about my crypto portfolio going into 2018! Here I'll show you guys what % weighting I give to each crypto that I hold. If the weighting is different for an "outlier" crypto, then I will discuss why I have it weighted that way.
Recall from the previous post that my investing strategy for crypto resembles startup investing. I'm buying into each of these cryptos with the expectation to hodl each one for the next several years. I'm investing with the goal that even if just a small number of these cryptos actually succeed long-term, I'll make back the original portfolio investment + a lot more. These "unicorns" are picked by extensive research, which will be shared in subsequent posts.
| Crypto | Weighting |
|---|---|
| STEEM | 10%+ |
| XZC | 5% |
| NEO | 5% |
| NAV | 5% |
| BAT | 5% |
| ARK | 5% |
| GNT | 5% |
| OMG | 5% |
| MYST | 5% |
| ANT | 5% |
| BMC | 5% |
| BTC | 10% |
| LTC | 7.5% |
| ETH | 7.5% |
| DNT | 5% |
| XVG | 5% |
| Iota | 5% |
| Total | 100% |
Reasons for Outlier Weightings:
1). STEEM
Steem is weighted at 10%+ because I'm continuing to earn more steem from blogging on Steemit. The more I earn, the more that % continues to go up. I use some of my SBD earnings to occasionally buy more of the other cryptos to even out the weighting if it becomes too unbalanced. I'm not overly concerned about having a lot of STEEM, it's my favorite crypto for a lot of reasons and if I could only own 1 of these cryptos, STEEM would be my pick!
2). BTC
Bitcoin is weighted at 10% because I think it represents a much more solid backing for the overall portfolio. Say what you will, but Bitcoin still has the biggest "brand" recognition and is the most stable crypto out there, imo.
3). LTC & ETH
LTC and ETH are weighted at 7.5% because I also consider them more on the stable side when compared to the broader alt-coin market. They are also listed on Coinbase, which makes them much more accessible to the public and they often serve as a stepping stone for many newbies into the crypto space.
There you have it, my crypto portfolio! Now buckle your seatbelts for an in-depth analysis of each crypto! These posts will come out periodically over the next several days, stay tuned!
Disclaimer: This is not financial advice. Invest only what you're willing to lose. This content is for entertainment purposes only. Thank you!
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