Hello Steemit,
welcome to weekly status report 05/2017 for Steem-Exclusive PermaCryptoFolio experiment.
Bitcoin jumped over 1000 US Dollar this week. NEM and Augur changed there places (rank 9/10). If NEM is able to reach rank #8, I will replace Augur by NEM in Flipper and Nemo portfolio.
Development of the portfolio values in US Dollar 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).
Relative performance of the Altcoins since last rebalancing of FLIPPER portfolio (October 28th 2016).
Finally a look at the relative performance of the Altcoins since last rebalancing of NEMO portfolio (December 6th 2016).
The DORY Portfolio
See below the current state of the DORY Portfolio, which I rebalanced yesterday.
I already have submitted the next orders for DORY into the Kraken orderbook.
The NEMO Portfolio
See below the current state of the NEMO Portfolio.
The FLIPPER Portfolio
See below the current state of the FLIPPER Portfolio.
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:
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
Thank you for reading and have a nice weekend!
Disclaimer
Thanks @twinner
Interesting times :)
Thank you :-)
how do you trade xrp ?
do you have any special strategies on this one ?
or do you trade anything similar, based on charts.
Hi @joshbreslauer, I only hold XRP because it's one of the biggest altcoins (valued by market capitalization). Personally I dont like Ripple, and do not trade it.
If I trade after Charts, I prefer Elliott Wave patterns for trading desicions, like in this case ...
https://steemit.com/steem/@twinner/steem-btc-next-wave-down-ahead
Ah I see.
This is what I expected.
I guess its kind of hard to trade XRP.
I only traded XRP 3 times in the past for short/mid terms
(one day in , next days out) but always only based on informations from social networks.
From time to time I have an eye on ripple, since its very first beginning,
But I never added XRP for longer terms.
To be clear I dont like ripple neither.
But I think I discovered something really interesting for this asset.
Ripple isn't taken seriously in the cryptospace because of its structure.
This results a very big underestimation for this network.
Almost every blockchainenthusiast would reject ripple (or rather ripple labs).
I always used this as kind of contra indicator when i tried to trade XRP.
Every time I noticed a lot of displeasure and criticism about ripples possibilities to influence the markets, I bought in because its true ! (and sold while it increased)
Based on ripples organization of course Ripple labs can manipulate this asset .
This worked out very smooth.
I always could accumulate some nice profits.
Ripple labs doens't have the best achievements developers and organization based on ethical principles.
Nevertheless this network could have great usability at some point in the future.
Trust me Ripple labs has good connections and they know what they are doing.
They are smarter than most sources would acknowledge.
So...I am still not sure about this one !
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