Dear fellow reader, thanks for stopping by for a new post.
In February 2021 I took the decision to start a Crypto Portfolio.
I’d now like to share with you how that new crypto investment portfolio has developed and how the positions have performed since they have been acquired.
As you know, the universe of Crypto Applications- and Currencies is huge, and I had an interesting time to get more information in order to focus on following selection I chose for my investment portfolio:
- Bitcoin (BTC or XBT), the first ever Crypto has since its start in 2008 gained huge popularity. Bitcoin is sometimes even used as synonyme for Cryptos (which of course is not accurate). Bitcoin exists as digital currency resp. digital asset, relying on a decentralized blockchain. You can find further information on the history, applications and blockchain technology, Bitcoin Mining etc. in the article WHY INVESTING IN BITCOIN.
- Ethereum (ETH), like Bitcoin is decentralized, based on blockchain. I contrast to Bitcoin, which is as a concept mainly seen to serve as a currency with storage function, Ethereum can do a lot more, for instance can it be used for smart contracts and decentralized applications. For information on the history, mechanism, ways of investing etc. you can have a look at the article BUILDING THE INVESTMENT CASE FOR ETHEREUM.
- Cardano (ADA) is a cryptocurrency network and open-source poject bult on the blockchain which is both, a smart contract platform and a stard asset-based coinage (see article WHY INVEST IN CARDANO).
- Ripple (XRP) sets its focus on improving international payments between financial institutions. There are currently hundreds of institutions that use XRP.
Currently, my Crypto portfolio has a market value of Swiss francs (CHF) 3’208 resp. around USD 3’500 whereas I am sitting on a book loss of roughly 12.5 %. or USD 500.
Now, how have the four Crypto positions performed since they have been initiated?
- BTC/XBT – Bitcoin: – 16.44 %. Currently I am holding 0.038 XBT with a market value of CHF 1’254
- ETH – Ethereum: + 60.78 %, currently 0.3 EHT held, market value CHF 680
- ADA – Cardano: – 5.64 %, currently 430 ADA for roughly CHF 605
- XRP – Ripple: – 39.40 %. Currently I am holding 430 ADA, market value around CHF 605.
Now what about you, fellow reader, do you have Cryptos in your portfolio? Which ones? Do you plan to add to your holdings?
Disclaimer
You are responsible for your own investment and financial decisions. This article is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
Thanks for the update. I am tempted to start with Crypto myself. I am still learning about but I will quite likely start with Bitcoin and Ethereum. What exchange do you use?
Hi Tony
It’s an extremely interesting area, Cryptos as a group are here to stay. I feel comfortable in having some skin in the game. Currently I have my Crypto Portfolio with a Swiss broker called Swissquote.
Appreciate you stopping by and commenting.
Cheers
I find it also interesting and hold small positions in BTC, ETH, ADA and DOT. + a few tiny positions here and there to learn more about it by watching.
Absolutely! Having some skin in the game just gives a whole different perspective and it’s a great way to learn about an amazing topic. I will put a hundred dollars here and there and if it is successfull – great! And if not, at least I learned a lot of interesting stuff which will serve me well in other areas.
Thanks for stopping by and commenting.
Cheers
Well thats actually no real bad given the current market. I’m at a loss on different coins (HOLO, VET, TRON, ETN) but still up on BTC.
Hi Mr Robot
Well, I was not hit too much, in particular due to some book gains in ETH, which kind of cushioned the blow on my other positions. Interesting HOLO, VET, TRON, ETN. Will have a look on it.
Appreciate your visit and comment.
Cheers