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Oct 09 2017

It’s October, and Time to Check In on BRED

Followers of this site know that we talk about a diverse set of Bitcoin and cryptocurrency-related topics, and we’ve actually been doing so for seven solid months. (That seems like forever in crypto – in some respects, this hyper-warp-superspeed in the industry is actually unlike anything else we’ve ever seen.) And, while it may appear that we’ve zeroed in on Passive Income of late – we have, to an extent – we don’t want to forget about one of the “innovations” we created in April: the BRED Portfolio.

BRED is Like FANG for Crypto

FANG – Facebook, Amazon, Netflix, Google – gives investors exposure to the internet, social, digital, and the web, acting as a quasi-index fund for those who invest in that group. BRED aims to do the same: take a group of four cryptocurrencies that give broad exposure to the market, but each does its own thing:

  • B is for Bitcoin (the “well, duh!” piece of the portfolio)
  • R is for Ripple, which aims to upend SWIFT as the industry standard for interbank transfers, globally
  • E is for Ethereum and OMG it seems like every ICO is using Ethereum’s smart contracts as their backing
  • D is for Dash, whose consumer focus and community caught our eye from the get-go.

We started with a simple premise: a non-weighted fund that bought $2,500 of each of the four currencies and left it alone.

So, how is our hypothetical $10,000 doing?

September Was a Down Month

BRED October 1

This is good, right? Your YTD growth is 2416%; you would have taken $10,000 and turned it into $250K.

Yes, you would have. But you also would have witnessed a bit of a pullback from the month previous:

But what’s $61,000 among friends?

Really, Though…Quite a Year!

Here’s what your month-by-month looks like: 10 month BRED

So, if you want to talk about a “buy and hold” strategy for Bitcoin and its ilk, you may want to consider the BRED Portfolio.

 

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

Reader Interactions

Trackbacks

  1. 99 Days of Bitconnect | Metacoin says:
    17/10/2017 at 10:24

    […] off avoiding – another concern is whether you are better off with the core coins (like our BRED Portfolio) as opposed to these passive income […]

    Reply
  2. My Morning Bitcoin Ritual | Metacoin says:
    05/12/2017 at 08:19

    […] or so, I update the BRED Portfolio – I’ll tweet results and sometimes update the blog, […]

    Reply

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