Cryptoasset Portfolio

I’d like to provide an update/overview of my blockchain/cryptocurrency/digital asset portfolio. As most regular readers are aware, I have been reading, and sharing a lot of info about my interest in blockchain and cryptocurrency space. I have not been lucky enough to ride this wave early enough to get rich with the immense rise in Bitcoin and other crypto prices, but I am still interested in getting exposure into this space and get some decent returns.

Digital assets/cryptocurrencies provide an extremely unique diversification aspect to a portfolio, in that: they have absolutely no correlation to other asset classes — which is what we desire when we diversify. In this crazy world, where investors fall over themselves to buy negative yielding government bonds; or cheer when companies raise debt in order to pay out dividends; or correlations out-of-whack based on traditional models; there is a gap that is filled by digital assets. This has been a major draw for me to the space and should be on every investor’s radar.

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Recent Buy – BAT

BuySell

I have bought another token 🙂 A recent purchase in the digital asset space increases my exposure and diversifies my investments. In this particular case, instead of a cryptocurrency, I have bought a utility token.

Regular readers are aware that I have been exploring and learning more about the blockchain/crypto/digital asset space over the course of last few months. In October, I participated in my first ICO/token sale and bought Aion-1 (AION) as I believe that the project has a lot of promise. You can read the details here. As I continue to explore the space, I am coming across some fantastic ideas that have limitless potential — and it excites me as this now opens up the startup space not only to the elite VCs in Silicon Valley or an investment fund in NY, but to anyone and everyone who wants to join and fund the project and bet on the space.

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Crypto Mining with Genesis Mining

Since the start of this summer, I have been very intrigued with the crytocurrency and blockchain space. Its hard to miss the mania in the space, as some of the currency returns have gone parabolic. I started off with buying a small amount just to get my feet wet and as I look at learning more about the space, I started getting interested in mining the coins.

Like almost everyone out there who is interested in it, I wanted to mine the currency myself, but ran into some technical issues and reading more I realized that individual mining does not yield much, esp for the really popular currencies like Bitcoin (BTC) and Ether (ETH). You need specialized ASICs for Bitcoin and good GPUs for Ether to make it worth your while. So, I started looking for other options such as cloud services to pool mining operations. While this looked like an interesting option, I didn’t move on this front for a while. Until very recently.

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Recent Buy – AION

BuySell

I’ve been meaning to write about this for a while, but haven’t had the chance until now. Better late than never…

I participated in my first ICO/token sale in the digital asset/crypto-space in early October! The experience was interesting to say the least and I went through various steps in the process, which gave me a better understanding and practical experience of the cryptoworld. It’s one thing to read about how coins are transferred and are visible on the public blockchain, but actually performing this transaction gave me a lot of confidence for future use of this space. Anyway..back to the topic of the token sale.

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Recent Sell – Hive Blockchain Technologies

A quick update on a sale in my portfolio.

Last month, I opened a new position in a little known company that has seen a tremendous interest in investors and seen massive gains. The company in question is Hive Blockchain Technologies (HIVE.V). I indicated in my purchase post that I broke all my rules and took a gamble with this investment. It’s a company that I did not know much about and the financials were also a bit murky when it IPO’d — still it was a play on investor psychology and momentum and I decided to take a gamble. I knew there was a dearth of blockchain related companies in the capital markets and the risk/reward scenario was good enough for me to take the risk. That risk paid off as I witnessed a 200+% return in just over a month.

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