There are thousands of cryptocurrencies, and Binance, for example, advertises that you can trade over 500 cryptocurrencies through them. So I thought, let’s create a portfolio thread for cryptocurrencies as well.
The idea of this thread is to give forum members ideas for cryptocurrencies worth exploring by sharing what’s in their own crypto portfolio. In addition, an immense amount of fame and glory will be awarded to those who take the time to also write down the reasons for their choices.
My own portfolio so far only includes a negligible amount of Bitcoin and Ethereum, as they happen to be the two largest and most popular.
Under consideration, but still being researched, are Cardano, Polkadot, and Chainlink.
2.1 BTC
5 ETH
200 Link
1k Cardano
20k Doge
100M Shiba
This won’t get me to the moon yet, but in this bull market, the portfolio is almost bigger than my stock portfolios. Hopefully, the good momentum continues. The ETF news apparently got some people to put on their buying pants
Some Bitcoin. Someone who knows more about it has already paid for their 3080 graphics card a couple of times over. Let’s keep playing until there are no buyers left and the game is no longer profitable.
Bitcoin, CRO, USDC, and Nexo accounts. Bitcoin comes via nicehash.com as a mining reward, which I’ve exchanged for USDC to balance risks. (This way, investments in graphics cards are sure to be paid back)
CRO acquired for the crypto.com Visa card, and enough Nexo to get the best deposit rate for USDC on Nexo.io.
Edit: links to the services in question, if not familiar to everyone.
ETH 30%
ADA 24%
MATIC 10%
XRP 10%
XTC 10%
AMP 12%
SHIB 4%
Roughly.
My portfolio is like a piggy bank, so we’re talking about topping up with tens or hundreds of euros.
Every now and then I buy something that has dropped.
How I choose these is based on what’s being talked about a lot, so I write it down and follow what I think is a good buying opportunity.
ETH and ADA are now the main pillars I lean on more.
The percentages after them are how I’ve thought about diversification. The MATIC portion of the portfolio is likely larger due to yesterday’s rise.
ETH - Ethereum is currently the leading platform for smart contracts and decentralized applications. I have strong faith in this.
BTC - Bitcoin is naturally in the portfolio, goes without saying.
LTC - Litecoin is tagging along with no particular purpose.
FTM - Fantom is a platform for smart contracts and decentralized applications. An Ethereum competitor, included precisely for that reason, not all eggs in one (platform) basket.
SOL - Solana is a platform for smart contracts and decentralized applications. An Ethereum competitor, included precisely for that reason, not all eggs in one (platform) basket.
AUDIO - Audius is a digital music service that operates on the blockchain. A direct competitor to Spotify and Soundcloud. The idea is to create a direct connection between music creators and listeners. Web interface https://audius.co/ and a mobile app is also available.
NFTART - this is a lottery ticket into the NFT world because you have to be involved there. Its own NFT marketplace https://www.enter.art/
SPORE / GMR (Gamer) / YUMMY - these are pure lottery tickets
From largest position to smallest: Ethereum, Bitcoin, Chainlink, Tezos, AAVE, Cardano, The Graph, Polkadot, and Litecoin.
I’ve been slowly selling off Litecoins, and the position is already quite small. Polkadot has also been on the chopping block, but let’s see what happens. That position is also quite small.
My crypto portfolio is very concentrated:
26K CRO
0.05 ETH
€3,500 worth of CRO is staked for a Crypto.com metal Visa card, and I keep the rest in Supercharger.
Royal Indigo card benefits:
-10% p.a. interest on CRO for the stake
-“Free” Spotify* (when Spotify is paid with the card, the same amount, i.e., €10.99/month in CRO, is credited to the Crypto.com account)
-“Free” Netflix** (same as with Spotify, but the credit is a maximum of €11.99/month in CRO)
-3% cashback on card purchases in CRO
-Access to airport lounges when traveling - I haven’t used it yet
-The card is made of metal and well-finished, so it looks great
There are very small amounts of some junkcoins (altcoins) that are floating around in account disputes (meaning they are stuck or in some kind of limbo). However, the image shows the approximate proportions, clearly indicating that BTC and ETH are the largest. There’s also quite a bit of LTC, partly due to historical reasons. This doesn’t really tell us anything about the quantities themselves, but rather about their EUR valuation.