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Jan 01 2018

The 2017 BRED Portfolio…Would Have Made You Rich

Some crypto assets had staggering gains in 2017, that’s for sure. If you want to play the “woulda shoulda coulda” game, you could do it with a good chunk of any of the top 10 – or even a good chunk of the top 100 – assets on CoinMarketCap.com.

Top 10 Portfolio

Yes, we know – to have invested in the Top 10 coins of 2017, you would have had to (1) correctly guess which ones would enter the Top 10 and (2) in the case of IOTA and Cardano, know that they were going to exist before they existed.

When we created the BRED Portfolio, we decided to take four coins that were already in use, but we did backdate the portfolio to 1/1/17. So we spent pretty much all of 2017 asking ourselves “WHY DIDN’T WE ACTUALLY DO THIS???”

BRED 2017 Recap

Simple enough, we wanted to diversify but we didn’t feel we needed to diversify that broadly. So we created a hypothetical portfolio that included $2,500 invested in each of the four currencies (ones that didn’t just make for an easy acronym, but also were selected for a reason):

  • B – Bitcoin. Well, duh. Also, it’s really the centerpiece of cryptocurrency; whether or not it retains its dominance in 2018, we’re not sure.
  • R – Ripple, whose XRP currency aims to beat out SWIFT as the interbank transfer protocol.
  • E – Ethereum. Most of those token sales were built on Ethereum’s smart contract concept.
  • D – Dash. We thought then that it was the most consumer-friendly coin; it may still be (though Litecoin and some others might be on its heels).

With an equal amount allocated – and then a similar number of each Bitcoin Cash and Bitcoin Gold added after the forks – we ended up with something that looks like this.

BRED 2017

You Could Be Backing a Truck Up Now

The next question: whether your 2018 could be as good – or better? – if you went with this portfolio strategy for the year. We’ve decided, for this blog, to track two BRED portfolios: as opposed to retiring BRED from last year, we’ll keep it going, but also add BRED 2018.

First, the 2017 Allocation.

BRED Allocation 17
How we originally allocated our BRED portfolio

Next, how we’d allocate a brand new BRED portfolio.

2018 BRED Allocation
Reweighted to start the new year

We promise to continue talking about this – and one of the things we’re working on is holding ourselves to a “buy and hold” mantra on some of our portfolio.

Not all of it, because we do have to be ready to chase altcoins that might pop, or to move into some of the larger coins – like the Top 10 above – that might be poised for another breakthrough.

What about you…what’s on your list for 2018 crypto investments?

 

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Written by David Van de Walle · Categorized: Bitcoin, BRED, Dash, Ethereum, Ripple · Tagged: BRED

Reader Interactions

Trackbacks

  1. Our 2018 Crypto Investment Plan | Metacoin says:
    06/01/2018 at 06:55

    […] you read our post from New Year’s Day, you know how well you would have done with BRED – that combo of Bitcoin, Ripple’s XRP […]

    Reply
  2. 5 Coins to 5 Million? Ha! | Metacoin says:
    24/03/2020 at 16:59

    […] Yes, you could have turned a small guess on something like XRP of Ethereum into a fortune back in the day (2017?) and we even talked about that possibility here when we told you about the jaw-dropping returns of the BRED Portfolio. […]

    Reply
  3. Two Automatic Portfolios: Which One's Better? | Metacoin says:
    17/06/2020 at 09:24

    […] ago, we created a crypto investment plan we called the “BRED Portfolio.” Then, this year, we added a different one that we called the “Balance […]

    Reply
  4. The 2022 Crypto Growth Portfolio | Metacoin says:
    05/01/2022 at 18:50

    […] present our 2022 Growth Portfolio in the same spirit as past HYPOTHETICAL portfolios: Do Your Own Research, Not Investment Advice, and, well, here’s an interesting way to track […]

    Reply

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