Hello steemit,
It's showtime! The PermaCryptoFolio experiment has started today.
All 3 portfolios are now invested.
DORY portfolio
The DORY portfolio is up and running. It is traded on the Kraken exchange. See below the current account statement.
NEMO portfolio
The NEMO portfolio is up and running. It is traded on the Bittrex exchange. I added XEM instead of MaidSafeCoin because of XEM's higher market capitalization.
The BTC-USDT market on Bittrex is very small, so I bought the USDT on Poloniex because the Bittrex price was not acceptable (to high spread). I transfered to 0.16666 Bitcoin from Bittrex to Poloniex, bought the USDT there und moved the USDT back to Bittrex. I'm not sure if I use in future for NEMO portfolio only Steem Dollars. I need to think about it.
See below the current account statement. If you ask why estimated value is so low, please be aware that the USDT are not counted for this sum (see column est. btc value in table, cell entry for USDT-row is 0.0000).
FLIPPER portfolio
The FLIPPER portfolio is up and running. It is traded on the Poloniex exchange. I added XEM instead of MaidSafeCoin because of XEM's higher market capitalization.
Next step is to withdraw the funds from Poloniex to own wallets.
See below the current account statement.
Follow me
If you want to get updates about this project, and you are already on twitter, facebook or google+, please follow one of the hyperlinks.
| Media | Link |
|---|---|
| https://twitter.com/PermaCryptFolio | |
| https://www.facebook.com/perma.cryptofolio | |
| google+ | https://plus.google.com/u/0/117852408743580495329 |
| steemit | https://steemit.com/@twinner |
 |
Disclaimer
The author is already invested in all of the cryptocurrencies mentioned in this article. Nothing on this posting is to be taken as trading advice. Everything on this article is for educational purposes only. Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Read the full disclaimer in the comment section.
Disclaimer
The author is already invested in all of the cryptocurrencies mentioned in this article.
NOTHING ON THIS POSTING IS TO BE TAKEN AS TRADING ADVICE.
Everything on this article, including but not limited to: suggested trades, trade setups, and posting of "real-time" trades of cryptocurrencies by the author is for educational purposes only. This article is not an investment advice nor should it be construed as such. I strive for accuracy of charts and information, but make no guarantee of such.
By accessing any information on this post, you acknowledge you have read, understand, and agree to this disclaimer. Past performance of any cryptocurrency, trading system or methodology is not indicative of future results. The contents of this article is neither a solicitation nor an offer to Buy/Sell any cryptocurrencies.
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
I do not and have not received any compensation from any cryptocurrency or cryptocurrency exchange that appears in this article.
Its risky to store cryptocurrencies long-term on a cryptocurrency exchanges. In case of a hack or in case of the bankrupty of a cryptocurrency exchange you can lose a part or in worst case your total cryptocurrencies investment. Whenever possible, withdraw immediately your cryptocurrencies from an exchange to your cold storage wallet (your keys = your coins, not your keys = not your coins).
There may be tax consequences for profits or losses on cryptocurrencies trades. Please consult your local tax advisor for details on this if applicable.
I understood 9 of those words.
"It seems to run on some sort of electricity"
What is the goal of this project?
And why poloniex has 12BTC while the other 2 exchanges have only 1BTC
Goal is to outperfom a simple Bitcoin "Buy and Hold" strategy.
Please also read ...
https://steemit.com/permacryptofolio/@twinner/all-good-things-come-in-threes-3-portfolios-3-exchanges-and-only-3-days-left
BR,
twinner
How often will you rebalance?
Depends on the Portfolio. Rebalancing conditions:
Please see also
BR,
twinner
Crypto currencies are very volatile. Maybe not that much for the top 10 in term of market cap but still XMR is very volatile.
Could you share your balance on a daily basis?
Do you think your strategy could be apply to top 10 in term of daily volume and not market cap? For example today NAV and SDC overcome LTC.
Thank you for sharing your experiment!
It is awesome and should gain more traction!
Maybe add also crypto-news category?