Hello Steemit,
it happend. Stellar Lumens overtook Monero and went up to rank #8. Additionally Ripple XRP gained another 40% in the last 24 hours.
The Ripple XRP portion inside PermaCryptoFolio's FLIPPER portfolio's altcoin portion exceeded today 25% of total altcoin portfolio value.
In this case a rebalancing of the altcoin portion is triggered, and my excel sheet calculated the number of coins to buy (green) and sell (red).
As Stellar Lumens XLM replaced Augur REP, I moved all Augur REP to ARIELLE Portfolio and moved the same BTC-value of Stellar Lumens XLM from ARIELLE to FLIPPER. Inside ARIELLE portfolio I sold the not moved XLM and bought Augur REP instead. Find below the calculation of the number of XLM to be moved from ARIELLE to FLIPPER.
The current state of the rebalanced FLIPPER portfolio.
The Ripple XRP portion inside PermaCryptoFolio's NEMO portfolio altcoin portion has not exceeded today 25% of total altcoin portfolio value. So no rebalancing was necessary. But I've also replaced Augur REP by Stellar Lumens XLM.
The current state of the NEMO 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!
Disclaimer
It is still way too early to make assumptions since most of these coins are on their infancy with their respected market cap growing parabolically.
Yes, its difficult to make any assumptions regarding crypto currencies.
it is difficult to make assumptions about anything really :)
To be honest, I have not got the full message of your first reply.
That is the full message.
Ripple is going to outperform bitcoin in Mcap soon. But is ripple really such a cryptocoin as the other?? Aren't there banks in the background?
But if one was invested in ripple, he has done very well of course. You have to ride the wave as @surfermarly does.
I don't care if Ripple is a Shitcoin (as I always assumed in the past), as long as this Shitcoin outperforms. Same applies to other Shitcoins.
As usually great post
Thanks for sharing
Upvoted
Have nice day
Thank you very much @lordoftruth
Wie nah war 21740 Satoshi für einen Ripple am Höchstpreis? :D
High war über 24000
Oh wow, die Zahl ist mir entgangen. ;)
I don't understand why Ripple is gaining?
Great post, followed.
Welcome to the Club. I also have no glue why XRP gains :-)
Good points in this article. Same mindset here. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) I found this great website: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research.