I mined my first bitcoin in 2011. Chances are, Ive been in crypto longer than you. I probably have more than you. But what I dont have, and never had, is a crystal ball. So Ive spent bitcoins on trivia when they where worth $5. I have given away enough bitcoin and cascacius coins to buy a house with today. I was soundly asleep when ethereum launched. I was late to recognise that not all altcoins where quite as pointless as the ones that where launched when I mined. For a long time, Ive grossly underestimated the gullibility of people new to crypto. Thats why despite having mined bitcoins in the GPU era, Im not a bazillionaire. Yet :).
Anyway, with that disclaimer out of the way, lets see what I have in portfolio now.
~25% in fiat.
Yes. Eeck. Blasphemy. I played it safe. I took profits. I keep fiat at hand to be able to buy dips. Bonus effect: each time the market goes down, I put Delta to show my portfolio in BTC, and then it goes up :)
~25% in bitcoin
Bitcoin is still the gold standard in crypto. Nothing else is even remotely as secure or battle tested. The protocol is simple (compared to most), the code and game theory behind it extremely well researched and it has resisted massive coordinated attacks for almost 10 years now. Its not perfect, its far from finished. We all know what it cant do (yet). But its developers do not compromise on security or decentralisation to achieve goals like low fees or fast transactions. Instead, the brightest minds in crypto innovate and develop layer 2 and layer 3 scaling solutions, without compromising the base layer. I like that approach. A lot. Its much more important to do it right than to do it quickly.
So why hold on to bitcoin? In the long run, I dont believe there will be 100s or thousands of significant public blockchains. There wil be tens of thousands of tokens and dapps, but I think they will converge on a very small number of secure, proven blockchains that will act like as their baselayer. Much like TCPIP for the internet. That cant happen before we solve scalability, so this migration is still years away. But when it happens, chances are very high bitcoin and/or ethereum will be among those precious few de facto standard base layers.
20% Waltonchain.
This is my largest altcoin investment to date. A blockchain solution for the supply chain, tightly integrating RFID. Its in many ways comparable with VEN, which was my previous largest (and one of my better) altcoin gambles. But Ive been converting my VEN profits slowly in to WTC tokens, because I think its actually a better bet. Having their own RFID tags and readers gives it some abilities that a software-only solution cant match. I like the team (a lot), I like the fact its not (yet) being shilled and hyped in to oblivion. I particularly like the much lower market cap compared to VEN now. Im not a great fan of masternode PoS mining for securing a network, but there is no denying this approach is great for creating token holder value. I can see this go x10 in a short time.
10% ethereum
I used to have a far larger % in ethereum, for all the obvious reasons I dont think I need to explain. Ive taken my profits on ethereum recently, simply because it went parabolic. I expect to increase my stake in ethereum this year, Im just waiting for some buying opportunities, or selling opportunities for of my other tokens.
5% Monero
I think this also needs little explanation. If anything, Id need to explain why I dont own more monero. You guessed it, I recently took profits, and Im waiting for an opportunity to buy more.
5% iExec RLC
There are many blockchains and tokens tackling the distributed computing market. Siacoin, golem, ... I think RLC's approach is more universal, flexible and potentially can solve the same problems that all the other tokens target individually. I like it runs on ethereum, not its own private chain. The team is super impressive and the valuation low compared to almost everything else on CMC. Its not even top 100.
2% SophiaTX
I wanted some exposure to ERP/blockchain integration, because along with supply chain management and distributed computing, this is one of the more obvious blockchain applications. SPHTX seemed like a good choice. Very focused on this particular (gigantic) market and you probably never heard of it.
2% Modum
Another supply chain solution, but what sets modum apart, is that it is a real company with a real product solving a real problem in the real economy with actually deployed blockchain technology! How rare is that? If nothing else, modum proves that blockchain isnt just hype and bubbles. Their focus is currently rather narrow (temperature monitoring for drug transport), but I like that, and the same technology can be deployed much wider. If ever you need to explain to someone what real world problems decentralised blockchains can solve, this is a good example.
1% blockpool
Not gonna lie, this is just a gamble. I wanted a (really) low cap investment. Someone convinced me to try BPL, I only glanced at it. So far, it hasnt worked out brilliantly yet :).
1% OAX
Decentralised exchanges are the future, I am convinced of that. Now if OAX as a token makes a lot of sense, I honestly cant say. Once again, I didnt research this very much, I just saw a small cap token targeting a market I think will explode. Will this token? No idea.
1% QTUM
QTUM is one of the more credible challengers to ethereum. I far prefer it over NEO's extremely centralised politburo approach. This used to be far more than 1% of my portfolio, but Ive taken my profits as I think its current valuation is not unreasonable compared to the competition. The 1% remaining is just for FOMO.
1% Aeternity
I bought this mostly because of the low power, memory bound proof of work consensus algorithm. Im convinced nothing will ever be as secure as proof of work, but Im also not blind to its downsides. Aeternity could combine the best of both worlds, providing similar security without the energy requirements and without all the downsides of PoS. Will it work and be as secure as SHA hashing? I dont know, but as I understand, their PoW algorithm is comparable to the travelling salesman problem, which is one of the most researched problems in computer science.
0.5% Nimiq
Another tiny market cap gamble that I thought might appeal to crypto noobs. I dont particularly believe this has any long term prospects whatsoever, and saying that probably wont help :).
The rest I have is dust, leftovers, and tiny fomo positions. Including bytom, iota, ink, humaniq, raiblocks, mywish, tierion and GVT.
A few notable coins Ive had, but no longer have in portfolio:
Zcash. During the recent rally, I needed to rebalance my portfolio towards fiat and I had zcash and monero at hand on Kraken, so I sold those. I plan to buy in again at some point.
Cardano. its certainly a very interesting and promising project. I bought it low, sold it at 10x. It went way higher than that. The current valuation makes no sense to me for something so unproven.
Ripple. Yes, I have owned ripple. Because I assumed it would appeal to newbies that just got in to crypto and saw this fraction-of-a-dollar "crypto" that works instantly and with no fees and with all the banking relations. That assumption paid off handsomely. Took my profits, felt dirty, wont touch it with a ten foot pole anymore.
Neo/antshares. I bought this when it was still called antshares. Right now, its a glorified database application that could just as well be run on an oracle database and be 10x faster and more robust. Their plan to decentralise seems to be handpicking bookkeeper candidates that Neo holders can then vote for. You know, like people can vote for handpicked political candidates in china. The actual voting algorithm is also extremely suspect to game theory attacks, if ever they drop the authoritarian approach. Im sure the Chinese government loves Neo though. Never been easier to take control over a blockchain. With the constant news of governments beginning to crack down on crypto, I hope and expect ICO's come to see the danger of this, and select more decentralised open blockchains to run their dapps on.
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