What is Veeky Forums's diversification & hedging strategy in crypto?
I don't want to get rich quick, I want to make investments I can hold for over a year that will conservatively beat the market over that period (which isn't that hard since a lot of the market is PnD and shitcoins which will die off)
I won't list coins since that makes thread quality worse
>Most important for me : Diversify across use cases, including >currency/remittance >smart contracts & blockchain infrastructure >logistics / supply chain >oracle solutions >Tokenization of regular assets >pure hype coins >a small bit in 'store of value' Am i missing any?
>Diversification across markets >20% in chinese coins >Bulk in Western coins >Maybe a bit in korea coins or japanese coins if they come out
Kayden Martinez
I wish crypto had an index fund
Ryan Richardson
Literally does look at Iconomi
Chase Walker
I think RLC REQ LINK ETH and MKR cover a very good portion of the market.
It's definitely not all "blue chip" but IMO it's a pretty good balance.
Carter Myers
Don't ask biz. Half the retards here are all in on 2 coins and their hedging strategy is "le hodl :^)"
Jeremiah Wilson
>100k in crypto >Holding about 35 different coins with unique selling points for mid-long term
Feels good to be properly diversified, way less stressful. I'm only holding a few coins within top 50, the rest are calculated risks as only a few of them have to really make it to get a great profit.
Joshua Gutierrez
I need to research REQ
damn, i got 600k and i only hold about.. 12 or so.
Caleb Baker
Also worth noting that I'm not invested in currencies and less invested in supply chain tokens as the competition is so fierce. I've tried to find projects that really offer something others currently can't or are clear first movers in their fields.
Ayden Richardson
I feel very similarly
her'e's my portfolio by proportion
ETH BTC NEO WTC ICX VEN
way less invested than u if u really have 600k tho.. not afraid of chinkcoins either lol.. hows my diversity biz?
not a daytrader lol except when i do
Xavier Diaz
Most of my stack (75%) is in three projects that I believe in (ETH, ZRX, LINK) and did research on.
The other 25% is spread between different platforms (IOTA, XLM, ADA etc.). These are just fomo insurance so if they actually become the dominant platform for dAPPs I don’t A) panic buy into a moon, or B) neck myself for not buying at least a little when they were cheap.
Currency coins are a trap imo because we have no idea which will succeed. They all basically do the same thing - just hold value if we all collectively decide they have value - and that could evaporate overnight. Also which one wins is going to be so fucking random. Think Blu-ray. It’s not the tech, it’s adoption and network effects, and big players in the space could arbitrarily choose a coin to make it succeed. I.e. “oh Raiblocks is superior” —> “McDonalds announces all stores worldwide accept bitcoin” —> “well fugg”
Christian Wright
>fomo insurance good way to put it
i was forced at logical gunpoint to put 5% into LINK because i would have to kill myself if it mooned
Benjamin Cox
3-4% Gambling on Futures and games 10-20% Moonshots on shitcoins I need to believe it can bring at least a 2X before I bother. Major Stinky. 20-40% mostly top 100 coins that I buy/sell based on forks, hype, news... 10-30% blue chips for stability and when I move from one to another the one I sell moons 10-20% kept on Kraken in case I need cash/want to exit. Although the times I've left I've usually ended sending more so I'm probably not that smart.
Justin Martin
ok apparently this makes thread worse.. let me break down by type:
ETH
Samuel Johnson
vitalik is fucking based
What do you consider a blue chip?
Justin Morgan
Keep at least half your shit in BTC, ETH, and XMR. Anyone that tells you different has lost touch with reality.
Jace Clark
Fuck BTC
Kevin Kelly
XMR yeah
Jaxon Watson
BTC, ETH, XMR, NEO, LTC.
Colton Brown
Looks solid. I would add ENG and Nano
Juan Roberts
I hold NEO but i do not consider it a blue chip
Dominic Price
You may be right it probably hasn't earned the honor yet but it feels stable enough.
Jayden White
BTC controls the entire market, whether we like it or not. You don't have to like it, but you should have it.
Adam Smith
When everything else shit last month NEO was still green for weeks until it finally gave. I'm holding 15 coins and it was the only one keeping above the water by comparison.