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Archives for May 2018

May 30 2018

BRED Portfolio 2018 – Is It A Good Idea?

Behold, today’s update on the BRED Portfolio – a combination of Bitcoin, Ripple, Ethereum, and Dash and all their forks. When we first talked about it, the idea was an index fund of sorts – set it and forget it – with the goal of spreading out your risk and exposing your portfolio to four of the biggest coins.

Spreadsheet time: here’s what it all looked like moments ago. Note that we took $10,000 and divided it among each coin/token equally; in the case of the forked coins, weighting it based on market cap of each on 1/1/18. (That’s how you arrive at a negligible amount of Bitcoin Gold.)

BRED 2018

Not very flattering, huh. Especially when you compare it to all the hubbub here around this ground-breaking (yet simple) portfolio idea and how it performed in 2017. You can read about that over here.

But, Should We Stick With It?

I think part of the theory here is that the market as a whole will move up and down, and these coins will track with the market per se. So it’s highly unlikely that 2018 would bring jaw-dropping returns like 2017 did, unless there’s some huge shift in sentiment. And it’s also unlikely that any of these coins will “go out of business” in 2018; though a huge pullback in any one of them COULD happen (if there’s a “black swan” type of event, maybe).

What probably makes sense – and, again, DYOR stands for “Do Your Own Research, so we’re not responsible here for successes or failures in your investments; please consult your advisors and don’t forget to pay your taxes! – might be a couple of portfolio approaches, spreading the risk out a little more but also taking advantage of some fire-sale coins that still have potential. (And having some flexibility to do ICOs, too.)

Maybe An Alt Portfolio, Too?

Alt Portfolio

We talked about these earlier in the year – and all but TRX are down, with some down considerably.

There are two ways of looking at this: one is that they’re mostly duds. The other? Gems that pulled back with the rest of the market and are (at least right now) deeply discounted.

But Don’t Spread Yourself Too Thin, Either

What makes for a good “basket” approach? 10 coins? 20? 40? That’s up to you – 40 probably sounds a bit much; but there’s also a need to be able to put a little of your portfolio into coins that are new, unproven, “fliers.”

In any event, given where we are now vs. where we were last year, there’s probably some time to look around and see what’s actually out there and prepare your portfolio for any sort of froth by diversifying.

Good luck!

 

 

Written by David Van de Walle · Categorized: Bitcoin, BRED, Cardano, COSS, Dash, Ethereum, HODL, Ripple

May 28 2018

Get Ready for a Wild Week

Here’s why you’ll see some interesting things happening on the crypto markets.

EOS – June 2 Election of Block Producers

It’s a process that we’ve endeavored to understand here and we’re not totally there yet; but, suffice it to say, there’s about to be a whole lot of interest in what happens with EOS.

Why? Well, the crypto project that Dan Larimer is behind has a unique process where its users vote for the “Premier League” of 21 companies that become “block producers.” These “BPs” are incentivized with EOS tokens to keep the system running. (We’ve met a couple of the BP candidates in our crypto journey. If you want to learn more, suggested sites to check out include Block.one, EOS42, EOS New York, and EOS Canada. (Heck, there’s even a BP candidate in Oklahoma.)

The election – voting is also rather complicated – takes place on June 2, though the votes won’t be tabulated for a few days. Then, the continued jockeying begins – those that are in the top 21 need to stay in the good graces – so their systems can’t fail. If they do, 100 backups are ready to take their place.

It’s the culmination of a year-long EOS ICO: and it’s probably going to mean some serious movement – up, down, and sideways – in the cost of the EOS token.

EOS Chart

(Thanks to CoinMarketCap.com for the above chart.) Right now, we’re looking at a 30-day price range of $10.77 to $19, with the price holding steady around $12 or $13 the past couple days. But the math behind (1) becoming a block producer and (2) the ecosystem and the apps being worked on will probably drive speculators into the market this week. And next. And beyond.

No price predictions here – and DYOR, we don’t provide legal or investment advice – but don’t be surprised to see some extremes.

EON – Exscudo Could FINALLY Launch

Delays in projects are inevitable, and the Exscudo ICO didn’t raise a TON of money, so it’s not completely surprising to have seen this one stall a couple times. However, the developers shared the latest update on their Slack channel and…

It appears that the Exscudo exchange will launch by the end of the month. Which gives them a few days. We’re holding on.

We got interested in this project a year ago, invested a tiny amount in the ICO, and helped out with the bounty program. So we’re a little invested in its success. Fingers crossed.

ADA – Cardano Has Been AWFULLY Quiet

Here’s the all-time chart.

ADA Chart

On January 3, ADA traded at $1.22. It’s now trading at 18 cents. That could mean that the market was frothy at the beginning of the year, and now it’s a lot less so. It could also mean…well, it was a new project then – launched last fall – and maybe it’s still getting its sea legs.

Could it be the Ethereum killer? Maybe, maybe not.

Is it trading at a deep discount? Quite possibly.

And Two Projects We Helped/Are Helping With…

Quick update on both POW and Empowr.

First, POW – they put the brakes on their latest developments to fix some system issues. So it’s thinly traded and the “bridge” that will let those who claimed tokens using their Facebook credentials move them over to the Ethereum blockchain was paused while they worked in the background. There’s confidence from the developers, though.

While we’re still bullish on the possibilities, we did pause our firm’s work with them in the interim.

Empowr is currently trading on an exchange called Token.store. The price has stabilized as of late; but, like POW, it’s still really thinly traded.Empowr

With the downward movement this past week of Ethereum shares – dropping into a low-$500 range – each Empowr coin (EMPR) is worth about $1.30.

You earn coins on their system by engaging with other users on a site that looks a little like Facebook; but, it’s less intuitive, so if you do sign up, take advantage of the tutoring on the site from the “Success Coaches.”

Dave from Metacoin remains on the advisory board of Empowr. A project with some potential.

We predict a wild couple weeks on the crypto markets. Buckle up!

 

Written by David Van de Walle · Categorized: Empowr, EOS, Exscudo, POW Token

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