Week 1 Update Average Crypto Joe vs Active Investor

in #bitcoin7 years ago



Week 1 Update



Wow, what a week we had in the cryptosphere. Not only was this a rough week I wish I had MORE money set a side to be able to add to the Active Portfolio, earlier in the week I was able to cash out 53.879 SBD and put that money to use. I purchased

  • Maid
  • ZEN
  • SALT
  • RCN
  • XVG
  • ADX
  • BAT
  • ZCL
    As stated I will only be adding to the portfolio when I have SBD to cash out, all SBD that I do earn from ALL my articles will be reinvested back into the project. That being said, I won't be adding EVERY week it will be based on my earnings.

Average Joe 16 Portfolio

  • Most coins found on the BC30 Index
  • One time deposit of $400 *ended up being $382
  • No additional funds
  • If a fork occurs the coin stays
  • If a coin is to delist I may sell and rebuy an existing coin
    Screen Shot 2018-01-20 at 8.00.58 AM.png
    Screen Shot 2018-01-20 at 8.01.13 AM.png

Active 40 Portfolio

  • Can only purchase existing coins
  • Purchases will be made to cost average
  • Only adding capital from SBD payouts
  • If a fork occurs the coin stays
  • If a coin is to delist I may sell and rebuy an existing coin
  • Binance coins will have a higher investment due to the minimum trade requirements

Screen Shot 2018-01-20 at 8.03.54 AM.png
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Screen Shot 2018-01-20 at 8.06.58 AM.png

My Own Money vs Steemit

I'll be fronting the initial investment and the coins I personally picked to help myself along the way. I'd like to point out this is not financial advice and should ONLY be used solely for entertainment/comedic purposes. The reason I ask for your help is because this is going to heavily rely on the feedback from the community. I've read countless articles about how to earn "STEEM" and "SBD" but I want to return that money back into the community in the form of ALT coin purchases and me tracking that throughout the year.

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It was definitely a good week to add to positions. Why do you continue to add positions to your active portfolio? Don't you think you are too diversified? If I am not mistaken, on average, the optimal amount of assets for a diversified portfolio is around 20.

Great work mate. Keen to see how you go with the experiment! Good luck.