Hello Steemit,
it's friday, time for the weekly status report 50/2016 for the steemit.com exclusive PermaCryptoFolio experiment.
What a week. Parallel to the successful hardfork to release 0.16 of Steem blockchain we saw a price pump in STEEM-BTC market with a top at 45000 Satoshi. I'm not sure if we see higher prices soon, because I think that due to the new and faster PowerDown rule we will see a lot of more Steem sellers in the next weeks. Anyway, Steem price is 50% higher compared to last week, while Bitcoin still made no attempt to try a breakout over 800 Dollar. ETH and REP crashed on Tuesday due to a Token theft at one of the larger stakeholder of both tokens, while at the same time STEEM-BTC reached its top. This special situation triggered a rebalancing of NEMO and FLIPPER portfolio, but unfortunatly I was only able to rebalance the NEMO portfolio because the STEEM-BTC came down to fast.
Development of the portfolio values in US Dollar compared to a pure Bitcoin investment (blue line). Due to the rebalancing of NEMO-portfolio and the following price recovery of REP and ETH tokens the NEMO-portfolio outperformed FLIPPER portfolio last week.
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). Note that Augur REP replaced XEM.
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.
I already have submitted the first 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. In the case that STEEM-BTC rises again, currently a price of 0.00042 BTC per STEEM is necessary to trigger the rebalancing of 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
The author is already invested in all of the cryptocurrencies mentioned in this article.
Nothing on this post is to be taken as trading advice.
Everything on this article, including but not limited to: suggested trades, trade setups, and posting of "real-time" trades of cryptocurrencies by the author is for educational purposes only. This article is not an investment advice nor should it be construed as such. I strive for accuracy of charts and information, but make no guarantee of such.
By accessing any information on this post, you acknowledge you have read, understand, and agree to this disclaimer. Past performance of any cryptocurrency, trading system or methodology is not indicative of future results. The contents of this article is neither a solicitation nor an offer to Buy/Sell any cryptocurrencies.
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
I do not and have not received any compensation from any cryptocurrency or cryptocurrency exchange that appears in this article.
Its risky to store cryptocurrencies long-term on a cryptocurrency exchanges. In case of a hack or in case of the bankrupty of a cryptocurrency exchange you can lose a part or in worst case your total cryptocurrencies investment. Whenever possible, withdraw immediately your cryptocurrencies from an exchange to your cold storage wallet (your keys = your coins, not your keys = not your coins).
There may be tax consequences for profits or losses on cryptocurrencies trades. Please consult your local tax advisor for details on this if applicable.
Thanks @twinner, it certainly is a fast moving market.
Keeps it exciting I guess :)
Steem On!
Unfortunatly I was not in office at Tuesday, than I would have been able to rebalance both portfolios with much better coin prices. But anyway, that's life :-)
Yes it is, I was thinking with the volatility we sometimes see in crypto it's hard to get any rest lol
Thanks @twinner :)
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