How would you diversify your cryptocurrency for 6 months/1-2 years??
I would love to hear your thoughts and constructive criticism as I am always trying to learn!
Currently, my portfolio of coins looks like this (I am waiting on funds to transfer to buy STEEM):
WHY?
LTC- BIP 148 is around the corner and LTC doesn't seem to move with BTC, which may provide a good hedge. As more users get on the crypto train they will probably pick up on Coinbase first, as Coinbase provides a friendly User Interface, where they will see LTC. Everything Coinbase touches seems to eventually go hyperbolic.
XRP- I know some people are against ripple for what it stands for, but regardless I think it has a lot of potentials. It charges a minor fee, with lighting fast transactions. Ripple has a set amount and the fee basically gets destroyed over a transaction. You can imagine, as it gains more popularity with the banks the transactions ripple will go through daily could be in the hundreds of thousands or millions. Which means the price of ripple could inflate due to less and less ripple.
IOTA- Uses tangle technology to communicate/validate through nodes, which provides a no-fee transaction. The ICO started off at a 1.5 billion market cap, which should be the largest ICO by date. Great concept service for the future, Internet of Things.
XEM- Very popular among the Japanese, has great potential due to its technology. 100 times less power to run a node or harvest compared to BTC.
USDT- Just to have some money in the markets for BTC crashes. Thus far BTC rebounded very quickly after a crash, which makes for a nice quick gain. USDT also provides a safe place for storage to day/swing trade with.
STEEM- I don't think much explanation is needed.
Thoughts? Errors? Contradictions? I would love feedback!
Follow me I'll follow back! let's bounce ideas :)