Updates on my crypto investment February 2019

Crypto investment is risky and very volatile but I really believe it’s a good long-term investment. I want a maximum of 10% of my investment portfolio in Crypto, ICO’s, AI and new technology.

My return on investment

 
Calculations in USD (very volatile):

 2018

My return on investment: 
-85,14%

  • January: Started tracking
  • February: -40,97%
  • March: -23,60%
  • April:  +2,19% 
  • May: +64,14%
  • June: -35,64% 
  • July: -19,78% 
  • August: -7,25% 
  • September: -8,20%
  • October: -4,83%
  • November:  +0,87%
  • December: -12,07%

 

2019

My return on investment:
-1,54%

  • January:  +3,74%
  • February:  -5,28%

My crypto portfolio

 Money allocation:Buying date & price:Selling date & price:
INT27,32%16/01 18: $0,59
TRX0%29/12 17: $0,03501/05 18: $0,089
Profit: +153%
14/01 19: $0,024
Profit: -31%
Profit on average: +15.55%
ADA1,80%02/02 18: $0,37
OST3,01%03/01 18: $0,43
AST3,40%12/01 18: $1,66
IOTA3,03%16/01 18: $3,12
ETH23,79%02/02 18: $844
29/03 18: $441
20/04 18: $574
01/05 18: $649
04/11 18: $215
ADB4,88%30/01 18: $0,031
NPXS0,00%26/01 18: $2,1120/04 18: $6,03
Profit: +186%
TKA5,21%14/02 18: $0,50
ITC4,17%10/02 18: $2,49
NEO4,38%12/06 18: $44,66
FACE3,35%07/07 18: $0,037
BTC10,32%21/04 18: $8868
04/11 18: $6535


Comments on the progress:


The crypto market is still extremely pessimistic (bear market). 

2018 was not a good year from an investor’s point of view, but there has been much positive development around crypto. It will be exciting to follow in 2019.

This month I sold all my TRX with a total profit of +15%.

Right now I have 23% of my portfolio in cryptocurrencies. It’s still too much in terms of diversification. I want to have around 10% in the future.

Crypto exchanges

 

  • Binance (Favorite)
    The biggest exchanges in the world with high volume.
  • Coinbase (Favorite)
    Coinbase let you use fiat like EUR or USD to buy cryptocurrencies like Bitcoin, Litecoin or Ethereum. Get 10$ of bitcoin for free if you sign up with the link above.
  • Gate.io
    Get 10% discount on all their trading fees for 12 months if you use the link above.

 

What is cryptocurrency?


The first one was the Bitcoin and till now it’s the most famous one.

Maybe you have also heard about Ethereum and Ripple, but there is actually many 1000 cryptocurrencies and more to come.

They all have their own use case and target to be a more advanced solution than existing solutions.

 

Quick overview

  • Easy to use – without a middleman
  • Fast – real-time
  • Cheap transaction cost – almost free
  • Extremely  secure
  • The protocol is open source


Cryptocurrency is an online virtual and digital currency
, but it’s also decentralized, an incredibly fast system and works globally. 

You don’t need to pay high fees for transferring or receive money/value anymore 😎

What is cryptocurrency

You simply cut out the old middleman (the bank, Western Union, MoneyGram etc.) and transfer crypto value to another person directly. The transaction only takes minutes if not seconds in the whole world. It’s amazing!

Cryptocurrencies use cryptography code in a blockchain to secure transactions. The value of cryptocurrencies depends on the demand on exchanges like Binance.

 

The market of cryptocurrencies and investment opportunities


The whole cryptocurrencies 
market has grown a lot, but the overall market cap is still very small compared to the stock market.

The investment potentials are therefore extremely good if it continues to grow.

 

I strongly believe in the blockchain technology and I think it will become a key player in our world in the future.

I see many potentials as an investor and I think there are many early-stage opportunities at the moment.

Just keep in mind that this kind of investment is highly risky.

 

Its a new asset group with little regulation worldwide and the market have lots of volatility.

The average price for Bitcoin is today:

 

You can follow prices, the market cap and trends on all cryptocurrencies at the website Coinmarketcap.com. Its a very reliable website and it provide many pieces of information about the market.

 

Crypto news and market overview

Crypto Portfolio

Here are some really great crypto apps that I use to follow my investment. It’s nice to stay updated on the mobile when I travel.

Crypto apps with social media

  • Telegram Messenger (Real-time chat)
    Many cryptocurrencies have a telegram group with admins. They sent out news, updates, answer questions etc. I don’t use it so much unless I need to find some specific information or ask a question.
  • Twitter (My favorite)
    Great place to follow the trends and news.

  • YouTube
    I used this, in the beginning, to learn about crypto and Bitcoin, but I only follow a few now.

  • Discord (Real-time chat)
    It’s almost like Telegram.

Forum & News

  • BitcoinTalk
    A forum that covers all relevant topics about crypto, mining etc.

  • CoinDesk
    Website with mostly news, but they also have great information about blockchain, bitcoin etc.

  • Cointelegraph (Favorite)
    Great websites with the news. They cover many good topics.

  • CryptoCoinNews
    News site with an ICO Calender and basic information about cryptocurrencies.

  • Reddit Cryptocurrency (Favorite)
    Reddit is a really great place to follow trends around crypto and stay updated on the latest news.

I also like the app “CryptoNews“, because they collect news from various resources. Twitter and Telegram are also very good resources to get the latest information about specific projects you like to follow. 

Crypto websites with Tools

  • Coinmarketcap.com (Favorite)
    The website provides many great details about every cryptocurrency and the whole market.

  • Coinranking
    Cryptocurrencies market overview. Easy to navigate.

  • Coinscanner.co (Favorite)
    It’s a really cool website that uses live data from hundreds of cryptocurrency exchanges to find the best way to buy cryptocurrencies.

Crypto wallets

  • Exodus (Favorite)
    A free wallet that works with Bitcoin, Ethereum and most of the biggest cryptocurrencies. Very easy to use and setup.

  • My Ether Wallet (Favorite)
    This wallet only takes ERC-20 tokens and Ethereum, but it’s a free and very secure wallet.

Follow my progress

Sign up for a monthly update and take the steps with me

Read more here about this investment opportunity

You can also follow my investment portfolio with monthly updates 🙂

6 Responses

  1. Laurie says:

    MyInvestment.Blog is my favorite now, bookmarked!

  2. Boris says:

    Nice post. I was checking continuously this blog and I am impressed!
    Very helpful info specifically the last part 🙂 I care for such information much. I was looking for this particular information for a very long time.
    Thank you and good luck.

    • Peter Michael says:

      Thanks, Boris!
      It means a lot to me with feedback 🙂
      If you sign up for the newsletter you get a monthly update.

  3. Nuno Oliveira says:

    I started reading your blog but I slammed the BREAKS ROCK HARD as soon as I say the word Crypto
    If you are an “investor” who is stupid enough to believe that “crypto” is even a thing you are doomed, I will not follow you
    Good luck with that 44 year old goal… YOU WILL FAIL
    Crypto is hog was, snake oil is NOTHING… bye bye

    • Peter Michael says:

      Dear Nuno,

      Thank you for writing a comment – even though I can feel your great resistance to Crypto.

      We may not agree if investment in crypto is a good thing or a bad thing. I also see it as high risk and therefore I do not want more than 10% of my portfolio in Crypto in time.

      In my blog post about portfolio management (https://myinvestment.blog/manage-investment-portfolio/), I write: “It’s very difficult to determine the future of crypto but I think that it’s here to stay.”

      If Crypto will disappear with time then my allocation has taken this into account so that I can reach my goals 🙂

      I would recommend that you do not have so much resistance but take your precautions (without investing) and keep up with the development. I can recommend Twitter, as there are many updates from around the world where you can gain insight into conferences, product developments, and trends.

      Recently, for example, The New York Stock Exchange (Nasdaq) is planning to introduce a Bitcoin futures market within the first quarter of 2019 (https://www.ccn.com/breaking-what-crypto-winter-nasdaq-to-launch-bitcoin-futures-market/). And one of my small investments (INT) has developed a router that works with blockchain technology.

      Crypto is just one of the things I invest in and I think it is more about developing yourself so that you participate in the development of the world but at the same time ensure you minimize risk.

      I hope that you will still follow as my investment blog is so much more than crypto 🙂

      Have a good time!

Leave a Reply

Your email address will not be published. Required fields are marked *

Join the monthly 

Stay Focused Email List

Stay connected & motivated