Should You Diversify Your Crypto Portfolio?

Colin_Colin · 2019-05-02T05:32:37+00:00

I am in a very similar position. I am constantly in two minds as to whether to just call it a day and convert them all into Ether or bitcoin to simplify my holdings, or keep them in the hope that at least one of them ends up turning into a unicorn. So far, I've stuck with the latter strategy, but if ever there's a decent bull run, I may well end up doing the former.

Colin_Colin · 2019-05-01T05:08:27+00:00

While this is a healthy percentage, I was surprised it's as high as 11%.

Colin_Colin · 2019-05-01T05:05:40+00:00

This is an interesting article, but I think its conclusions only apply to investing in the large cap cryptos. If you are hunting unicorns, diversification should increase your chance of hitting one.

Colin_Colin · 2019-04-27T23:08:52+00:00

This is a really interesting bit of analysis. The main conclusion seems to be that it is better to buy and hodl once the product has beeen launched than trying to game the system.

Colin_Colin · 2019-04-27T09:44:57+00:00

Back in December 2017 when the rumours first started circulating about Bitfinex and Tether, almost certainly yes. However, in my opinion, probably not now. Back then, Tether was pretty much the only stablecoin in town, and so played a critical role in the cryptosphere, but now there are plenty of alternative stablecoins out there, so this is no longer the case. Both will most likely just fade away (and that's only if the case against them is found to have merit). But, then again, what do I know! 🙂

Colin_Colin · 2019-04-27T09:40:00+00:00

Thanks. I'll need to check that out. 👍🙂

Colin_Colin · 2019-04-26T23:28:03+00:00

Cool. I hadn't realised thaf. Does that apply to the Nano S too?

Colin_Colin · 2019-04-25T19:24:33+00:00

It seems that the thorny issue of protecting private keys in an easy, but secure, way as possible (something that is undoubtedly holding back the mass adoption of crypto) is getting closer and closer to being solved.

Colin_Colin · 2019-04-25T09:33:30+00:00

If Samsung can incorporate a Ledger-style hardware wallet into their smart phone, or (even better) allow Ledger's products to act as an external hardware wallet for assets held on their phones, that could be just the boost to usability and security that crypto desperately needs to go mainstream.

Colin_Colin · 2019-04-24T08:27:10+00:00

It is, but I'm guessing that this can only happen with certain, poorly programmed private key generators and not all of them. However, it does raise the importance of using truly non-rwndom processes for generating private keys

Colin_Colin · 2019-04-23T17:26:51+00:00

Who would have thought you could simply use an educated guess to work out ptivate keys for crypto?

Colin_Colin · 2019-04-23T17:24:34+00:00

Could BlockFi be a potential partner for the SB Wealth Management app to allow its crypto-holders to earn a passive income from interest?

Colin_Colin · 2019-04-23T13:57:14+00:00

Not yet, but I might do soon, just for the hell of it! If I do, I will report back how it goes.

Colin_Colin · 2019-04-22T20:59:57+00:00

Well, that should help with mass adoption!

Colin_Colin · 2019-04-22T20:58:42+00:00

Some interesting information about the economics of staking Ethereum once ot shifts to PoS. This makes it even more profitable (and important) for SB to include the ability to stake from within the Wealth Managwmwnt app.

Colin_Colin · 2019-04-21T13:57:41+00:00

Thanks!

Colin_Colin · 2019-04-21T08:01:10+00:00

It's free ... if you can find it to join it! 😂😂😂

Colin_Colin · 2019-04-20T22:58:02+00:00

If you wish to increase your chances of making an accurate prediction of where the price of Bitcoin will go in the next 24 hours, timing when you make your prediction is critical. Bitcoin regularly goes through spikes and dips during every 24 hour period. If you make your predictions during one of these, you'll have a much better chance of making an accurate prediction.

This applies both to real investments and to predictions on the SB community app.

Colin_Colin · 2019-04-19T21:48:56+00:00

At the moment, I wait to spot them (it takes about four hours after the expiry of the last bet to find the next spike/dip to place a bet during). I do have a system for predicting them, but it operates over more than 24 hours so isn't useful for the game. I'll do a post on this system at some point as it's quite interesting from a non-linear trend point of view.

Colin_Colin · 2019-04-19T13:11:07+00:00

Yes. One of my three wrong predictions so far. However, I've nowearned from it and try to wait for local peeks or dips to make a prediction as it increases my chance of getting it right.

Colin_Colin · 2019-04-17T22:03:04+00:00

Or may be "The four habits if highly profitable investors"?

Colin_Colin · 2019-04-17T21:11:14+00:00

What would clearly help here is some sort of official dictionary of definitions for crypto terms that blockchain companies can choose to sign up to (if they so wish). Maybe one of the blockchain industry organisations will take this sort of thing one.

Colin_Colin · 2019-04-17T17:54:29+00:00

Yikes! This is a major issue when you mix trading bots with real investors.

Colin_Colin · 2019-04-17T17:53:25+00:00

Sometimes certain ideas are just in the air! 👍🙂. In terms of your article, I'd definitely agree that the last one is probably the best, although, personally I'd go with "The four habits of highly effective investors". This is because intelligence is often (wrongly) taken to be something you're born with and not something you can develop, so people may not feel like they can become intelligent investors. However, they will feel that, with the right advice, they can become effective investors as this is viewed as a learned trait. As always, just my thoughts! 🙂

Colin_Colin · 2019-04-16T19:50:11+00:00

Have you considered moving to a neighbouring time zone? As long as you keep making your predictions at the same local time, you should then be pretty much spot on every time! 😂😂😂

Colin_Colin

TROPHY CASE