Welcome everyone
I believe in blockchain. I believe in the usability of cryptocurrency.
But you only invest if you think you can make money out of it.
This is the reason why I do this. I want people to see that it is possible to gain a TON of money through cryptocurrency investing.
I’m not the most experienced trader. I will make mistakes. But that’s why I’m here. I’m here to learn and share experiences with you guys.
So let’s find out if we can make a life changing amount of money.
Our target is 100 000 dollars.
Some people might not think this is life changing. But it is for me.
Setting our expectations too high will demotivate us. I want to take baby steps so I stay encouraged to move on. That’s the reason I won’t say I want to make a million dollars. Maybe one day…
My portfolio
I started investing February 2017. The amount I started with was 6 000 dollars. Mistakes have been made along the way but in the end I tripled my investment.
The total amount we have now , 1/03/2018 , is 18 927 dollars.
My portfolio contains of several parts.
Ethereum , NEO , GAS , STEEM , BitShares and cash. That does not seem a lot. But I don’t want to overdiversify. Warren Buffet once said : “Wide diversification is only required when investors do not understand what they are doing."
Remember. We are still in an immature market. If Bitcoin rises or falls , the rest will follow. I don’t want to lose potential higher gains by overdiversifying into 20 coins. My ideal portfolio consists of 5 coins. Cash is not a crypto and GAS is just NEO’s dividend. I don’t count them among my coins. So there is potential room for one more coin.
For safety reasons I will not tell you where I keep my coins. But rest assured they are kept in a safe place or as safe as possible.
So what’s the reason why I chose these coins?
ETH and NEO are strong large market cap coins. They are here to balance it.
Why STEEM and BTS? Because I use them. It’s as simple as that. They are actually being used by people.
I will go into more detail of these coins in the following updates.
So what’s with the large cash part?
When the big correction played out this year I sold some coins. That’s why I have a lot of cash.
But as long as Bitcoin is in an overall downtrend , cash is very important for me to buy at dips.
I will do weekly updates and report every change I will make.
Any advice is much appreciated.
Ultimately , that’s the main reason why I’m here. To learn.
Thank you for your support!
