More details!
That is the theme of this update about my cryptocurrency portfolio. Not only did I include buys and sells within the short-term segment, this time I also included some extra pie charts to show more details about the current distribution.
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 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)
Iβve again reduced the number of coins in my long-term portfolio by one. I notice it still remains difficult for me to keep up to speed with everything, so I decided to narrow my focus. Also, I included some slight changes in the respective weights of the coins.
I decided to sell all my Ripple given it has risen to enormous heights and it remains too centralized and closed for my taste.
| Name | Symbol | Current | Change (Ξ) |
|---|---|---|---|
| Bitcoin | BTC | 30% | +0% |
| Waves | WAVES | 24% | +4% |
| Ethereum | ETH | 16% | -4% |
| Stratis | STRAT | 14% | +6% |
| Monero | XMR | 8% | +2% |
| Neo | NEO | 8% | +0% |
Changes in the short-term segment (Play Money)
A brief overview of the buys and sells since the last update:
Sold
- Ripple (XRP)
- Civic (CVC)
- Gridcoin (GRC)
- Metal (MTL)
- Factom (FCT)
- Monaco (MCO)
- Verge (XVG)
- Melon (MLN)
Bought
- Icon (ICX)
- Ubiq (UBQ)
- Digibyte (DGB)
- Vertcoin (VTC)
- Pivx (PIVX)
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.
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.
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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.