Hello Steemit,
welcome to weekly status report 22/2017 for Steem-exclusive PermaCryptoFolio experiment.
Due to a short holiday I was not able to write a report last Friday. Last Monday we replaced coins in FLIPPER-portolio, and today another replacement was triggered, because Stratis STRAT climbed to rank #8. In this case Stratis STRAT is added to NEMO and FLIPPER portfolio and replaces the weakest coin inside these portfolios (ByteCoin BCN in FLIPPER and Golem GNT in NEMO).
Development of the portfolio values in US Dollar compared to a pure Bitcoin investment (orange line). For better comparability FLIPPER portfolio value is divided by 12 and ARIELLE portfolio value is divided by 4.
Development of the portfolio values in Bitcoin compared to a pure Bitcoin investment (orange line). For better comparability FLIPPER portfolio value is divided by 12 and ARIELLE portfolio value is divided by 4.
Development of the relative performance of Altcoins since the beginning of the PermaCryptoFolio experiment (September 1st 2016). Note that BCN is still in the chart but will be replaced by Stratis STRAT next week.
The DORY Portfolio
See below the current state of the DORY Portfolio.
I have already submitted the next orders for DORY into the Kraken orderbook.
The NEMO Portfolio
See below the current state of the NEMO Portfolio before todays replacement of Golem GNT by Stratis STRAT.
The state of NEMO portfolio after the replacement. Note that I have not updated the prices of all other coins.
The FLIPPER Portfolio
See below the state of the FLIPPER Portfolio before todays replacement of ByteCoin BCN by Stratis STRAT.
I moved the complete stake of BCN into ARIELLE portfolio, and transfered the same BTC-amount of Stratis STRAT into FLIPPER portfolio. The state of FLIPPER portfolio after the replacement. Note that I have not updated the prices of all other coins. (Screenshot above is based on UTC-EOD prices from Poloniex, the price of Stratis STRAT in the screenshot below is taken from the timestamp of the swap from ARIELLE to FLIPPER).
The ARIELLE Portfolio
The state of the ARIELLE portfolio before todays rebalancing:
ARIELLE covers all altcoins on the ranks 10 till 25, if they are tradeable on Bittrex or Poloniex exchange. That's why BAT and BCCare disregarded. Calculation of the number of Token to buy or sell during rebalancing. Note that there is an error in the calculation of target units for Lisk.
See below the current state of the ARIELLE Portfolio after todays rebalancing. The DigixDAO DGD market was not open on Bittrex, so the buy of the 0.87 DGD was not possible. Instead we have a little BTC position now.
Some thoughts on the Experiment
In the past few weeks, I have been thinking often about a change in the portfolio structures.
Due to the outperformance of ARIELLE compared to FLIPPER, ARIELLE is currently investing approximately 1.2 BTC in each of the coins on ranks 10 to 13, while FLIPPER only invests about 0.8 BTC in every coin on ranks 2-9. Before todays replacement of BCN by STRAT the STRAT stake in ARIELLE was worth around 2 BTC, while the BCN stake in FLIPPER was only worth 0.8 BTC. My idea is to integrate ARIELLE completely into FLIPPER, in order to avoid such misalignment.
I run the PermaCryptoFolio experiment now for 9 months, and the performance of NEMO and FLIPPER is nearly the same, although they partly invest in different coins and are balanced at different times.
During this 9 months also the BTC-Dominance crashed from over 90% down to 45%. @freiheit50 asked me, how I will react with PermaCryptoFolio if there happens a fork in Bitcoin which results in 2 Coins (Bitcoin Core and Bitcoin Unlimited).
My Idea is a completly new FLIPPER portfolio, holding as today 1/3 in "Cash", and the other 2/3 invested into the Top25 coins. That means I plan to skip the 1/3 holding of BTC, instead BTC becomes a normal coin in the portfolio as any other coin. From ARIELLE I want to integrate the weekly rebalancing and the concept of investing more money into a coin as higher the coin is ranked in coinmarketcap.com.
For a better performance comparability, DORY and NEMO portfolio will remain in their current structure.
And I'm not sure in the moment if I continue to run ARIELLE as standalone portfolio. Either I reduce it to fit the NEMO portfolio or I stop it entirely.
What do you think? I will give away 5x1 STEEM for helpfully comments.
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 past 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
Thank you for this artice and for the continuing series as well. You always provide very good content about important and interesting issues. In addition,you are one of the most generous supporters of this platform. So I wish you increasing payouts. This would be only fair in comparision to others.
I suggest to create new portfolio "ICO" and test how much money it can produce.
It will be interesting to read.
https://icostats.com/roi-since-ico
Subscribed. Wish you to have a big profit!
Would be an idea, but when do you plan to sell the ico coins? And often you have no chance to participate, I heard this BAT ICO was sold in 10 or 20 seconds? That's an joke.
Half of coins on the exchange by x2 price.
Half of coins to hold for years.
Of course depend on the market and trust to team this rule can be changed.
So much Informative post ! thank you so much for your effort !!
Very detailed Post and interesting Post. Thank you for sharing :)
Thank you very much @starflyer-9000
sehr Detail reich.... auch wenn das für mich immer noch "Böhmische Dörfer"
Wow amazing report, loads of work put into this!! Have a good weekend :)
Thank you very much
Thanks for interesting and detailed weekly status report ..
Thanks for hard work..
Thanks for your support..
Have a great and sunny weekend..
Thank you very much @lordoftruth. Have also a nice weekend!
Thanks for support
Steemit will be more attractive in future. This is just the start.
There is a mass of new liquidity that is being pumped into the bitcoin economy and the crypto space in general.
As bitcoin and steemit keep hitting all time highs,
More and more articles are published that highlight its increasing value and infrastructure which leads to more capital entering the space
which continues to put upward pressure on the price.
You are welcome, @lordoftruth. I like trading stuff and support Steemians that are posting trading related stuff.
At the moment I have some doubts if I see that we have now 36 coins / tokens with a market capitalization over 100 Million Dollar. Is their really so much new money going into Bitcoin and Co? Or is this a bubble :-)
Thanks Mate
Fot now my point of view is not bubble
Two months ago I posted this photo
I think , you understand what I want to say
Huge thanks for your support
I try to be good steemer but I have a lot to learn to reach there!
I have been hold Stratis for over 3 months and had still bought to 43K!
Great report! Thanks !
Thank you very much, @soldier.