The new year is a great time to look back at decisions made in the last 12 months, then to make plans for the next year. Today, I’m going to look at every coin in my portfolio, explain why I am holding it, and plan any adjustments going forward.
This is really just a snapshot. I hold 30 different coins, not counting the small amounts I got from faucets or Coinbase Earn. The percentages change as coins pump and/or dump, but here’s where I am now.
I got involved in crypto almost a year ago, in February 2021. I invested a starting lump sum, then added as the March-April highs hit. After the May 2021 “correction,” I learned about dollar cost averaging and looked to buy down my average prices. Things went up then crashed down to the current values. Overall, my portfolio is now DOWN 5% lifetime.
Coin 1: Crypto.com coin (CRO)
(21% of portfolio)
I am a big fan of Crypto.com and their Visa debit card. Big news and a strong advertising push drove the price from around 8 cents in early 2021 to up above $0.90 before it settled back to about half of that. Crypto.com encourages staking by offering improved Visa rewards with higher staking commitments. Crypto.com is really getting their name out there with sponsorship deals with Formula 1 racing, UFC, and the NBA, including naming rights of the old Staples Center in Los Angeles. High-profile ads featuring Matt Damon have raised awareness. An upcoming Super Bowl ad is expected to raise brand awareness even more. Hopefully, the Crypto.com exchange will launch in the U.S this year and they will develop a desktop website rather than offering only an app. I think both of these would drive adoption.
UP NEXT: I will continue frequent, small purchases of CRO until I reach the next Visa card tier status.
Coin 2: Ethereum (ETH)
(13% of portfolio)
My friend who introduced me to crypto advised me to look at the projects that make everything else work. Ethereum is the backbone that hundreds of other tokens are built on. While outrageous gas fees make transactions difficult for small-time users, the Ethereum platform is still wildly popular. The eventual ETH 2.0 upgrade and move to Proof of Stake could help make Ethereum even more appealing to developers.
UP NEXT: All of my ETH is staked until the arrival of 2.0, so I’ll just be sitting back and waiting. I don’t plan to increase my allocation of ETH.
Coin 3: Bitcoin (BTC)
(12% of portfolio)
I have mixed feelings about Bitcoin right now. Adoption is increasing, with El Salvador accepting it as official currency and now the U.S. state of Arizona exploring allowing BTC as legal currency. On the other hand, BTC tanked upon news of inflation in the U.S., seeming to fail the “digital gold” test. (Gold prices have been rising!) So, if BTC (and by extension in many people’s minds: all cryptocurrency) isn’t an inflation proof store of value and isn’t taking over as a world currency any time soon, what is it? I know that’s some serious FUD (fear, uncertainty, and doubt) but that’s what I’m thinking now.
UP NEXT: All my BTC is staked and earning interest. I rarely buy more, but I’m holding.
Coin 4: Cosmos (ATOM)
(10% of portfolio)
Here’s the least-educated thing I’ll say today: I started buying ATOM because it earned the highest interest rate on Coinbase! That’s it. How’s that for research? Turns out, Cosmos is a pretty interesting project that works to connect different blockchains. Even at current lows, ATOM is up 260% in the last year and should maintain steady success.
UP NEXT: I have my ATOM staked and in cold storage in an offline wallet. Long-term hold.
Coin 5: United States Dollar Coin (USDC)
(6% of portfolio)
Look, USDC is a stable coin, which means it’s value is always (approximately) $1. I can stake USDC for 10% interest on Crypto.com (even better rates with higher CRO stake). My “high interest” savings account pays 0.05% interest with other accounts paying 0.01%. I can imagine myself replacing all my bank savings accounts with USDC. The only thing holding me back is the fear of losing funds to companies going out of business. Even Coinbase offers 1% interest with no staking commitment needed.
UP NEXT: There is a very good chance that USDC becomes my new “savings account” and is my number 1 coin by next year.
Coin 6: Cardano (ADA)
(4% of portfolio)
I was higher on ADA a year ago for sure. Right now, Cardano seems like it’s stuck in a holding pattern. Nothing seems to be happening, despite a few big announcements last year.
UP NEXT: I’ll wait for a rising market to lift ADA out of the red for me, then look to cash out and move into another project. Probably my number 7…
Coin 7: Algorand (ALGO)
(4% of portfolio)
I am very excited about Algorand. First, I have my ALGO staked in Algorand governance, which makes me feel like I have some small say in the future of the project. As the world moves toward central bank digital currencies (CBDCs), Algorand seems to already have a foot in the door to gain from implementing these (highly controversial) currencies.
Up NEXT: I’m adding ALGO fairly regularly and plan to continue doing so.
I said I held 30 coins, which leaves 23 more to go, each composing less than 4% of my total portfolio. I’ll break them into 2 groups: Coins/tokens I like and will add/hold and those which I’m just hoping to break even on. I never sell at a loss. Moon or Bust!
The Graph (GRT)
Binance Coin (BNB)
Just hoping to break even some day
Band Protocol (BAND)
Shiba Inu (SHIB)
Coins I sold out on
I do have 2 coins that I took profits on and no longer hold: 0x and Solana. I may jump back on Solana now that it’s back below $100. I was very glad to get in on that around $25. I also sold my Litecoin when it was at the top, then recently re-bought a position.
I know almost nothing about finance. Don’t take anything I say as financial advice. Just sharing my experiences in hopes that it helps someone else.
Finally, shout out to BitYard and their mycryptooutlook contest. I don’t have a BitYard account, but I’ll check them out!