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Re: [ANN] [ICO] [IPL] InsurePal | Distributed social proof insurance
Have been KYC accepted for the crowdsale. Received an email but there was no ETH address listed, assuming that the ETH address will be listed closer to 16th Jan? Will this be emailed to us?
Hi, the address will be posted on our website on 16 January before the start of the crowdsale https://insurepal.io/.Thanks, what timezone will this be in for the 16th Jan?
Re: [ANN] [ICO] [IPL] InsurePal | Distributed social proof insurance
Have been KYC accepted for the crowdsale. Received an email but there was no ETH address listed, assuming that the ETH address will be listed closer to 16th Jan? Will this be emailed to us?
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Week 2 update-
Not much time here so just a quick update-
Current portfolio is up approx 230% since a fortnight ago. Biggest winners have been PRL, COSS and XRP (moving up approx 500-700% since purchase). Sold 50% of my BTC and moved it into BitShares (BTS) which I believe has great fundamentals and lot of potential considering it's a "safe coin". Lowest performers have been IOTA, BTC and 1ST. Looking forwards, expecting a decent dip given the recent run up. Most surprising has been the lack of movement in BTC, it's dominance at all time low.
Not much time here so just a quick update-
Current portfolio is up approx 230% since a fortnight ago. Biggest winners have been PRL, COSS and XRP (moving up approx 500-700% since purchase). Sold 50% of my BTC and moved it into BitShares (BTS) which I believe has great fundamentals and lot of potential considering it's a "safe coin". Lowest performers have been IOTA, BTC and 1ST. Looking forwards, expecting a decent dip given the recent run up. Most surprising has been the lack of movement in BTC, it's dominance at all time low.
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Also you can check this topic :
https://bitcointalk.org/index.php?topic=1936239.0
It is 10k budget and older than this topic so you can find much more info inside that
https://bitcointalk.org/index.php?topic=1936239.0
It is 10k budget and older than this topic so you can find much more info inside that
Thanks for linking it, although this was mentioned in the 1st post I made in this thread
HR has just hit his 1M goal, I'd imagine it by 2M before long. His journey definitely inspired my one, albeit I don't have the trading experience he has. However we definitely share the same fundamentals which apply in most areas of investing- diversification. HR mentions in his latest post:
"And I will summarize: aside from having made good picks (which would have been fairly easy as some have pointed out), what made this possible more than anything else is the balanced portfolio concept. Don't forget it!
In fact, my real portfolio, complete with 2 ADA rebalancings to laggards, IS STILL ON PAR with the locked portfolio. Done just as well, and my risk is way lower as a result.
Also keep in mind that at some point, your crypto will need to be rebalanced against fiat."
A DIVERSIFIED BALANCED PORTFOLIO is your best friend and will neve lie to you.
This is what a theoretical Week 29 Update would look like.
https://i.imgur.com/YvXLyp4.jpg
ADA grew to 54% of the total portfolio last night. Thats a fairly good concentration, and something I personally wouldnt let go without rebalancing. As you know from reading this thread, I mentioned on the 1st of December that I had rebalanced my personal portfolio on the first ADA spike higher. Im sure it wont be too much of a surprise for you to learn that Ive done the same again. And Im still fairly overweight ADA!
To the question as to how the locked model portfolio is doing in comparison with my real portfolio, the truth is that until yesterday the balanced portfolio was still winning, both in percentage terms and absolute terms, even after having taken a little more than 10% profits cleanly off the top (a nice little fiat payday to brighten up the holiday season). However, with yesterdays doubling in ADA, the locked portfolio took the lead in daily percentage gains. There's a lot of risk to assume in order to do that though, and with the likes of true 100x prospects like STEEM and SYS falling below 7.5% and 9%, respectively, there really are good places to put those ADA profits that will probably catapult the balanced portfolio higher sooner or later, while reducing substantial overall risk at the same time.
Check out the last post on my blog on Steemit, Buy Low, Sell High, for more about selling strength and buying weakness, best practice portfolio management, and a real nice example of a YTD laggard that could well be the next 100x.
All my best to everyone, and always remember that there will always be another correction.
^^ This!
And I will summarize: aside from having made good picks (which would have been fairly easy as some have pointed out), what made this possible more than anything else is the balanced portfolio concept. Don't forget it!
In fact, my real portfolio, complete with 2 ADA rebalancings to laggards, IS STILL ON PAR with the locked portfolio. Done just as well, and my risk is way lower as a result.
Also keep in mind that at some point, your crypto will need to be rebalanced against fiat.
A DIVERSIFIED BALANCED PORTFOLIO is your best friend and will neve lie to you.
Good to see you're still around HR! Massive congratulations on hitting on your goal! Your tips and advice in this thread has been key in formulating my own portfolio- although every time I compare it, yours is doing better % wise. Guess that's the margin between a newbie and a pro hey
Your Steem posts are also great, keep them up!
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
If you only use $ 50,000 to buy a coin in once and keep it until one year later, I'm sure you will not be able to reach $ 350,000. Not to mention $ 1,000,000. If you want to achieve the results you want, then I think you should invest many times and many different coin.
Don't get me wrong but you don't need to keep anything like in percentage.
What is your aim : HAving 1m from 50k in 365 days.
With buy and hold it is possible but it has a very low possiblity than buy-sell.
If you buy and hold 50k crypto with a percentage you need an increase of 2000% in a year.
But if you want to catch buy-sell with increase of 20% for 17 times that means 1.1M USD around.
I think possiblity of catching 20% increase in a week is very high than catching 2000% possiblity with buying and holding a compost of cryptos..
Thanks for your input. A portion of my portfolio will be re-adjusted. In my previous post, I mentioned I am waiting for a good opportunity to adjust my BTC holdings into other coins. What is your aim : HAving 1m from 50k in 365 days.
With buy and hold it is possible but it has a very low possiblity than buy-sell.
If you buy and hold 50k crypto with a percentage you need an increase of 2000% in a year.
But if you want to catch buy-sell with increase of 20% for 17 times that means 1.1M USD around.
I think possiblity of catching 20% increase in a week is very high than catching 2000% possiblity with buying and holding a compost of cryptos..
Why you didn't include RaiBlocks (XRB) in your portfolio? It's value last month (December 2017) is only @ $0.2 per coin. If you look at its current price, which is @ $29.77 you'll easily reach your 1M target in no time. How I wish I focus all of my investment with that coin. There's no way I could earn again another opportunity at this. This is the first time I saw a coin rose higher in just a month aside from Bitcoin which was already given. Well, I like your inclusion of Ripple (XRP), they are performing well lately in the crypto market and might gradually increase its value this year.
Missed this one but Im sure there will be more XRB types in the future, hopefully will catch one!Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Happy new years everyone!
https://imgur.com/a/B2vt8
Week 1 update-
Main "bluechip" portfolio
BTC: 27%
ETH: 18%
XRP: 21%
IOTA: 8%
BAT: 7%
Speculative/YOLO portfolio
POWR: 5%
COSS: 4%
PRL: 4%
1ST: 1%
STX: 1%
I injected approx $6k into the portfolio to boost the speculative section since I made the post and feedback. Waiting for BTC rise before diversifying that further. Overall, it's been about +40% increase from past week mainly thanks to XRP's insane rally and ETH coming back up again. Good start to the year no doubt, but as someone pointed out the first week of every year seems to be a bull run followed by a substantial correction. Will update in another 1-2 weeks. Hope everyone had a new years!
Edit: Will need be on +25-30% ROI/month to hit the max 1M goal in a year, and +15% to hit the lower goal of 350k. Fingers crossed!
https://imgur.com/a/B2vt8
Week 1 update-
Main "bluechip" portfolio
BTC: 27%
ETH: 18%
XRP: 21%
IOTA: 8%
BAT: 7%
Speculative/YOLO portfolio
POWR: 5%
COSS: 4%
PRL: 4%
1ST: 1%
STX: 1%
I injected approx $6k into the portfolio to boost the speculative section since I made the post and feedback. Waiting for BTC rise before diversifying that further. Overall, it's been about +40% increase from past week mainly thanks to XRP's insane rally and ETH coming back up again. Good start to the year no doubt, but as someone pointed out the first week of every year seems to be a bull run followed by a substantial correction. Will update in another 1-2 weeks. Hope everyone had a new years!
Edit: Will need be on +25-30% ROI/month to hit the max 1M goal in a year, and +15% to hit the lower goal of 350k. Fingers crossed!
Re: Best way to create a diverse portfolio that will reach $10M from 100K investment
If you have the time, plug into Blockfolio (or similar) the top 100 coins with a $1k investment in them in a past time period. It'll take you awhile to do it manually but then again $100k isn't chump change. Obviously past performance doesn't guarantee future performance, however would be interesting to see what would've happened.
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Small update- bought 3000ish POWR. Did some research- a bit below ATH, ~300M market cap, interesting concept of sharing energy using blockchain tech, has backing from Australian government and a good team (whose LinkedIn profiles seem to check out). It's tanking more but will hold this one and see where we go.
Currently waiting for a better opportunity to trade some of BTC into alts, have about $3k of discretionary funds to pick up other alts that have been researching.
Currently waiting for a better opportunity to trade some of BTC into alts, have about $3k of discretionary funds to pick up other alts that have been researching.
XRP is a utility coin- helps banks move transactions more efficiently. Has a large team of experience behind it, multiple partnerships with banks etc. Transactions take about 3secs for very low fee. Has recently pumped.
IOTA is a platform, commonly referred to as 3rd gen crypto using the tangle instead of blockchain addressing the internet of things (IoT). Has had significant issues with wallet implementation this year and their PR approach is...unique to say the least. Has pumped significantly last quarter of 2017.
I hold both coins.
IOTA is a platform, commonly referred to as 3rd gen crypto using the tangle instead of blockchain addressing the internet of things (IoT). Has had significant issues with wallet implementation this year and their PR approach is...unique to say the least. Has pumped significantly last quarter of 2017.
I hold both coins.
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Why are there no DASH in your list for example? It was recommended by palm beach.
Also look at ADEX token. It will has many releases soon (in Q1 2018).
Also look at ADEX token. It will has many releases soon (in Q1 2018).
Ive looked at DASH before but decided on some of the others in top 10. Whilst I believe DASH will keep going up Im trying to diversify into coins that are less established in order to have hopes of reaching 20x goal.
I hope I am wrong and you come back in a year from now to prove me wrong but I think it is 99.99% impossible to turn it into $1 million just by buying and holding.
altcoins are not known to go that high in long term (2000%) but they surely they go up a lot in short term which means by trading them during their rising time you can make a lot of profit.
for example a hot coin these days (which is coming to its end of line) is RDD. you can see it has always been dropping constantly in long term even went to 1 digit satoshi values. now it is being pumped towards 100 satoshi and 3 digit satoshi values. this is a ridiculous amount of profit but only gained in a couple of weeks. this will disappear in the long term like 1 year.
altcoins are not known to go that high in long term (2000%) but they surely they go up a lot in short term which means by trading them during their rising time you can make a lot of profit.
for example a hot coin these days (which is coming to its end of line) is RDD. you can see it has always been dropping constantly in long term even went to 1 digit satoshi values. now it is being pumped towards 100 satoshi and 3 digit satoshi values. this is a ridiculous amount of profit but only gained in a couple of weeks. this will disappear in the long term like 1 year.
I agree that its unlikely to hit 20x just by buying and holding unless you get extremely lucky. I will be buying and holding until profit targets are hit and then will be trading current ones to others or adding others on with the profits.
No, of course not, this is what a lot of people want to do, you wont make a x20 in just 365 days if you do not have any experience about how to do it, forget about it.
You sound like those people who want to get rich just by investing $ 100
You sound like those people who want to get rich just by investing $ 100
I disagree, it is definitely not easy going 20x currently, but taking Ethereum as an example- if you bought and held earlier in 2017 you wouldve made 50x investment. HR (whose thread I linked) is on track to turn $10,000 into 1M which is 100x with active trading. Im aiming for 20x which doesnt seem impossible unless the whole crypto market tanks or hits a black swan.
Besides quitting, what would you suggest I do with your experience?
First of all I'd like to state that except for bitcoin I do not hold any significant amount of the coins OP has invested in, so I'm not biased at all FYI. It's very hard to tell if you will be able to reach your goal with the current altcoin picks and the amount invested. The current portfolio looks an awful lot like a standard slightly diversified portfolio and contains coins that already reached a lot of their potential (this diminishes the chance of 10-20x gains on your investment). Reaching your $1M with a 'mere' $50 grand invested certainly is possible but you will have to step up your game and become a little bit more opportunistic. This can be done by looking for low cap coins with 10-20x potential in the near future. Only time will tell if your current portfolio will seal the deal.
Absolutely agree with this when reflecting on my portfolio. The reason its at the current state was due to investment in BTC in 2013. I didnt start alt coin investment seriously until later half of this year and realised I actually have a substantial amount invested now because of how its grown.
I am trying to diversify into alts, but have been a long time believer in both BTC and ETH which is making it hard for me to trade these for others. Hoping to get ideas and integrate it to my own due diligence.
Will be doing some rebalancing and new investment before new years and update when I've done it.
Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Hi, first of all, I'm not an expert, but here's my opinion:
BTC: 15%
ETH: 20%
XRP: 20%
I can imagine BTC and ETH certainly moving forward, those might even go 10 times it's current value. I'm not sure about Ripple, but looks like a good plan as well. Now, keep an eye on BTH as well... bitmain controls most of the market when it comes to bitcoin mining and they have been asking for BCH over and over...
Let me know how it goes;
Wish you good luck;
Chris,
BTC: 15%
ETH: 20%
XRP: 20%
I can imagine BTC and ETH certainly moving forward, those might even go 10 times it's current value. I'm not sure about Ripple, but looks like a good plan as well. Now, keep an eye on BTH as well... bitmain controls most of the market when it comes to bitcoin mining and they have been asking for BCH over and over...
Let me know how it goes;
Wish you good luck;
Chris,
Thanks for your well wishes and input. I'm skeptical of BTC moving 10x, while possible in the longer term (3-5 years), I would be surprised if moves past 2-2.5X its current price by end of 2018 depending on how next months market plays out.
Cardano (ADA) has performed very nicely. Depending on how low your average price was (and when), it?s a 4x to 8x in USD terms. A very nice gain. What?s really important for me though is that it?s pushing a 50% portfolio position, and, well, that?s just not good portfolio management. Consequently, I?ve balanced my personal portfolio by selling ADA and buying more STEEM, BTS, and SYS, in that order. The model portfolio is ?locked? and will continue to be so (I?m interested in seeing if it ends up achieving better long term returns than my managed portfolio), but that doesn't apply to my personal portfolio which at least trys to emulate best practice principles.
I had no choice but to rebalance.
I also have fun selling strength and buying weakness, so it wasn't that hard.
HR, just in case you do re-visit us I'd be very grateful for your input into my portfolio/strategy inspired by your skills: https://bitcointalk.org/index.php?topic=2643532.0
In regards to your re-balancing, I think you said that once a coin moves 5% beyond its allocated share will be re-balanced. I'm assuming you sell off the extra %, and move that into one that's lagged behind. How do you decide which to move into?
Inspired by HR's thread ($10,000 into 1M):
https://bitcointalk.org/index.php?topic=1936239.0
Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.
Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.
I'd like to adjust my future portfolio for the next month to look like:
BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%
Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.
I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude
Any suggestions/constructive criticism is welcome!
https://bitcointalk.org/index.php?topic=1936239.0
Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.
Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.
I'd like to adjust my future portfolio for the next month to look like:
BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%
Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.
I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude
Any suggestions/constructive criticism is welcome!
He made most of his profits from cardano. He somehow knew that its gonna be big. That's the key to his success. He knew it before the masses know it. That's how it is.
People who can't sense these things or don't do proper research shouldn't do what he does. Buy&hold is usually better for them.
That was like this with bitcoin, was the same for eth and now cardano. Early investors took the risk and made the most buck. Now many people know that bitcoin has the minimum risk most of them buying btc, and naturally making less
P.S I would cash out my money after reaching 500k+ no need to prove anything further imho. 500k$ should be enough for an average person to retire himself.
I think this thread succeeded its target already.
People who can't sense these things or don't do proper research shouldn't do what he does. Buy&hold is usually better for them.
That was like this with bitcoin, was the same for eth and now cardano. Early investors took the risk and made the most buck. Now many people know that bitcoin has the minimum risk most of them buying btc, and naturally making less
P.S I would cash out my money after reaching 500k+ no need to prove anything further imho. 500k$ should be enough for an average person to retire himself.
I think this thread succeeded its target already.
Based on his knowledge, I'm of the opinion that HR will keep going. Pretty sure he has the means to retire already, money becomes a game of high scores at this point for skilled traders like him. I'd definitely want to see what he does if there is significant volatility in some of his key holdings.
Not sure if this was done already but out of curiosity I went back to calculate a buy and hold strategy using HR's OP which was:
$10k investment:
50% LTC
10% BTS
10% STEEM
10% SYS
10% NXT
5% PIVX
5% NEM
After checking the value of each coin on his post date (May 27th 2017) I then compared it to today's market price in USD. Maths seem to show that if HR bought and held with no re-balancing or change of holdings:
LTC: $59k
BTS: 14k
STEEM: 3.6k
SYS: 7.3k
NXT: 49k
PIVX: 6.5k
NEM: 2.6k
Total: 142k
His current portfolio's (with different holdings and %'s) worth 513k, so HR's made an extra 371k compared to buy and hold. Absolutely amazing. It also shows that if you have no financial knowledge of trading and just picked good alts with fundamentals you still would've made 14x your initial investment within 7 months. Sounds almost too good to be true, have I missed anything here?
$10k investment:
50% LTC
10% BTS
10% STEEM
10% SYS
10% NXT
5% PIVX
5% NEM
After checking the value of each coin on his post date (May 27th 2017) I then compared it to today's market price in USD. Maths seem to show that if HR bought and held with no re-balancing or change of holdings:
LTC: $59k
BTS: 14k
STEEM: 3.6k
SYS: 7.3k
NXT: 49k
PIVX: 6.5k
NEM: 2.6k
Total: 142k
His current portfolio's (with different holdings and %'s) worth 513k, so HR's made an extra 371k compared to buy and hold. Absolutely amazing. It also shows that if you have no financial knowledge of trading and just picked good alts with fundamentals you still would've made 14x your initial investment within 7 months. Sounds almost too good to be true, have I missed anything here?