As the new year of 2018 is fast approaching, I decided it's the right time to review my current investment strategies and goals. Planning ahead is a great strategy and investments in crypto-investments are no exceptions.
Now if you have been following my blog for a while, you might already know - I started to invest in cryptocurrencies in July 2017, after experienced my first FOMO. Also, it should be noted that crypto investments take just a part of my broader investment portfolio, which, right now, consists of stocks, mutual funds, cash and peer to peer lending.
Remember - investments are risky, never invest more you can afford to lose.
I would call my investments in crypto as experimental. Despite I was looking to keep just 5% of the total portfolio in crypto assets, by now, writing these lines, crypto takes already about 10% of the total portfolio. And it seems it could rise to about 20-25% in 2018. I keep investing on a monthly basis using dollar cost averaging.
By now (November 2017), this experiment has turned into a lovely +36.76% value growth in just 5 months. Awesome. Despite being one of the smallest parts of my portfolio crypto investments have returned the highest returns. Double Awesome.
- Invest in Cryptocurrencies - Review After One Month
- Investments in Cryptocurrencies, Review After 3 Months (BTC/ETH/LTC/XRP)
For acquiring coins (bitcoin, ethereum and litecoin) I'm using Coinbase.com exchange.
Affiliate link here: If you are just planning to acquire your first bitcoin, consider to register at coinbase.com with this link, once you buy or sell $100 (€85) of digital currency or more, we will both get $10 (€8) of free bitcoin.
For acquiring other altcoins I'm using Poloniex.com exchange, which I like because of another reason - lending out bitcoins, see: Invest in Cryptocurrency (Bitcoin, Ethereum and other) Peer to Peer Lending - Poloniex.com
Currently, in 2017, I hold following coins - bitcoin, ethereum, litecoin and ripple.
TOP 10 Crypto Coins I'm looking to acquire in 2018
For 2018 I have decided to buy and hold about 10 cryptocurrencies with the largest market cap, according to Coinmarketcap
Unfortunately, not all coins from my list are supported on Poloniex exchange, and for acquiring IOTA and NEO coins seems I will have to open an account at Bitfinex.
In fact, both Poloniex.com and Bitfinex are two exchanges I like the most, probably because of the reason they are supported at Coinlend, another great tool in hands of greedy crypto investor - an automatic bot which lends out coins. See: CoinLend.org Review - Automating Cryptocurrency Lending Free Bot Investor