Hello everyone!
New member here. I have been following crypto-currencies for years now (not super close, but aware of them). I had the opportunity to buy BTC at $100-400 and passed it up. I am not going to let them happen again! I have about $1k to invest in crypto. I want to diversify to an extent. I don't want 8+ currencies because it will be impossible to keep track of all the wallets and keys. I have done a little research and have come up with the following portfolio:
ETH 25%
XVG 25%
WAVES 25%
XLM 25%
I am open to changes and modifying the percentages. I currently own .5 ETH and 1.4 LTC that I will use to buy some of the other cryptos. Does that portfolio look pretty strong to you guys? Feel free to tear it apart! I would appreciate any input.
Thanks!
I don't know much about XLM or XVG. But I would increase my exposition to Waves compared to Ethereum for the following reasons.
Ethereum is already quite large and will require much more volume to multiply its value than Waves in comparison.
Waves with the LPoS system has a great way to participate in the revenue of its own decentralized exchange, which is expected to grow a lot once ERC20 trading goes live next year.
Waves is, since today (activation of NG), the fastest blockchain in the world with a capacity of up to around 1000 transactions per second. For reference, the crypto-kitties game that brought Ethereum to its knees only added around 7~8 transactions per second to Ethereum's blockchain.
Waves is about to implement smart contracts in Q1 of 2018 and will at that point by the best platform for token creation (and thus ICOs) as well as decentralized apps (due to the high potential throughput). The smart contracts will not be prone to security errors like those that led to the Parity failure that resulted in a loss of $300m worth of ERC20 tokens and Ethereum.
The decentralized exchange for Waves will be a major component once regulators start trying to crack down on crypto, as they won't have any means to regulate decentralized exchanges. The volume of such is thus expected to grow massively in the coming years.
Furthermore, Waves is still very tiny compared to Ethereum at only around $13. Once the smart contracts come out there is nothing to stop Waves from growing to $100 ~ $400 like Ethereum did when it made its big jump earlier this summer. Indeed, there's nothing stopping Waves from overtaking Ethereum entirely based on fundamentals. Technical trading bots may or may not delay this, but if Ethereum doesn't improve massively it might very well be overtaken by Waves in 2018~2019.
In either case, Waves can easily go up at least tenfold next year, which is something that Ethereum will have a much harder time of accomplishing (if at all).