Hello Steemit,
three weeks ago the steemit.com exclusive PermaCryptoFolio experiment has started. Find below the weekly status report for CW 39/2016.
During the last week the Bitcoin price fell again a few dollars.
As all 3 PermaCryptoFolio portfolios are invested in Bitcoin, the US-Dollar value of the 3 depots again decreased compared to last week.
But due to the cash portions of the portfolios, their Bitcoin value increased in the same period. (Flipper-Portfolio is normalized from 12 Bitcoin down to 1 Bitcoin for better comparison.
In the altcoin sector the bear market of Steem continued, thats why NEMO and FLIPPER Portfolio have a worse performance compared to DORY Portfolio.
The DORY Portfolio
See below the current state of the DORY Portfolio.
Two week ago I also had 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.
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
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:
Follow me
Feel free to connect with PermaCryptoFolio on
Thank you for reading!
Best regards,
twinner
Disclaimer
The author is already invested in all of the cryptocurrencies mentioned in this article. Nothing on this posting is to be taken as trading advice. Everything on this article is for educational purposes only. Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Read the full disclaimer in the comment section.
I enjoyed reading this and the looking at the charts this is good content, really. Im going to follow you I could use more info like this. Please follow back and check out the coins I've been trading thanks.
Thank you, and followed you!
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.
Your strong advice to withdraw funds from all exchanges certainly is right. But withdrawing steem power from steemit is not senseful. So we must hope that nothing bad will happen here.