Hello Steemit,
it's Friday again, time for the weekly status report 45/2016 for the steemit.com exclusive PermaCryptoFolio experiment.
Bitcoin was the only winner of last week, while all other altcoins in the top 10 lost. Monero and Steem were the biggest loosers compared to last friday.
Development of the portfolio values in USD compared to a pure Bitcoin investment (blue line).
Development of the portfolio values in Bitcoin compared to a pure Bitcoin investment (blue line).
Development of the relative performance of Altcoins since the beginning of the PermaCryptoFolio experiment (September 1st 2016). Note that Augur REP replaced XEM.
Finally, a look at the relative performance of the Altcoins since last rebalancing of NEMO and FLIPPER portfolio (October 28th 2016).
The DORY Portfolio
See below the current state of the DORY Portfolio.
I already have submitted the first orders for DORY into the Kraken orderbook.
The NEMO Portfolio
See below the current state of the NEMO Portfolio.
If you ask, why STEEM is still in the portfolio, I remember the rebalancing rules. The weakest coin (in this case STEEM) will be replaced if there is a new coin that climbs to rank 8 in the cryptocurrency charts. The idea is to rebalance only in the case that a new coin gets stronger and stronger and become a part of the portfolio, to give weak coins like Steem a chance to recover.
The FLIPPER Portfolio
See below the current state of the FLIPPER Portfolio.
Withdraw all the funds out of the exchanges!
It is strongly recommended to withdraw all funds out of Cryptocurrency exchanges when not needed for trading there.
In the last days I have written a series of pictured tutorials HOWTO withdraw
- STEEM
- SBD STEEM DOLLARS
- XMR Monero
- BTC Bitcoin
- ETH Ether
- ETC Ether Classic
- LTC Litecoin
- DASH
- REP Augur
Learn more about PermaCryptoFolio
If you are a new reader, please read first the PermaCryptoFolio experiment announcement.
Second follow these links to learn more about the 3 portfolios:
Follow me
Feel free to connect with PermaCryptoFolio on
Thank you for reading!
Best regards,
@twinner
Disclaimer
The author is already invested in all of the cryptocurrencies mentioned in this article.
Nothing on this post 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.