Trading Update: Hello to Micro-caps

whatbitcoindid (37)in #bitcoin • 6 years ago

The market is bullish right now, and many things are happening to give investors confidence:

Coinbase adding custodian accounts for those with +$10m to invest (implying more institutional money is coming into Crypto)
Coinbase user adoption, they now have more users then Charles Schwab
Futures coming to Crypto: CME, NASDAQ, Tokyo Financial Exchange, Cboe, Moscow Stock Exchange
Square cash app introducing Crypto for customers
Bitcoin ETFs becoming more likely
South Korean bank is testing integration of Crypto wallets into bank accounts
Yahoo Finance adding Cryptocurrency quotes

More and more good news is hitting the market. Cryptocurrencies and Bitcoin are going mainstream. While we may be in for more turbulent times, I am incredibly bullish.

I have been gradually rebuilding my portfolio but focusing primarily on:

Bitcoin being my primary investment and over 50% of my portfolio. I believe that as more institutional money comes in then, the majority will be straight into Bitcoin, giving exponential growth in a limited supply coin as people speculatively hold.
Large-cap currencies and protocols which I believe will be here in 5-10 years to ensure stability in my portfolio.
Micro-cap tactical investments which could outperform Bitcoin, the goal being to trade these to grow my Bitcoin size.

Micro-cap coins are an area I have largely ignored, due to not understanding them. Following my podcast with daytradernik, I have looked into a few of his tips and take some positions out.

I am ignoring the majority of the middle market, and utility tokens as the use case for these are too small, and I am just not sure whether many of them will exist in five years.

I have also diversified my investments into mining, purchasing a stack of S9's which will be operational from February. When buying a coin, if it drops negative then you are at a loss, with mining, once you have paid costs the minted coin is in profit at any level. I will be opening up investment opportunities within the mine. Please get in touch to find out more.

I am also looking at moving into Masternodes, firstly with a ZCoin ZNode. I will keep you all updated on progress with this and the mine.

Regarding my most recent trades I have opened up positions in the following while I sold my Bitcoin Gold and some Bitcoin to pay for the mining equipment: