Backstory
This post will be a bit unusual and focused on my personal portfolio. In the last few weeks I have written about staking multiple different coins and why you should at least consider it. I was doing this as part of my own research since I left the crypto scene after the 2017/2018 crash. I was fortunate enough to cash out most of my crypto before the bubble popped but I left a small amount of money in cryptocurrencies. When I remembered I still had some crypto I figured I might as well try to make the best of it. Since BTC, BNB and ETH were among the big dogs in 2018 and still are among the big dogs in 2020 I figured I would split my holdings between those three. However, as I started doing research I discovered how multiple coins are offering serious returns when staking. That's how this series started and I made a choice for staking.
I decided to partly stick to my original plan of holding BNB/ETH/BTC. At first I was aiming for a 60% BTC/20%BNB and 20% ETH. However I had to rebalance this to make room for staking coins. I aimed to always hold at least 0.01 BTC and I haven't deviated from that. I also wanted 2 BNB but I decided on 1.75 to have some more ETH which was the remaining part of my holdings.
As you can see in my post history I was very positive on ERD and FTM and I actually wanted to stake both. However I missed the ERD deadline and wasn't able to stake ERD. Because of that I bought some more FTM for staking. I ended up earning around 30 FTM with staking it. Admittedly, this is not a whole lot and I expect more from August. In July I wasn't staking my full amount of FTM and I wasn't staking for the whole month. I ended up spending all of my ETH on FTM. However, with my tips from posting I bought some ETH. Moreover, everything from Coinbase Earn was also converted to ETH.
My portfolio
Currently my portfolio has the following split
- 50% BTC
- 23% FTM
- 17% BNB
- 9% ETH
- .3% LRC
As you can see BTC is dominating my portfolio in holdings. This used to be a lot more but FTM gained over 75%(even with buying 'high') and BNB gained 40%. Moreover, ETH is a very small part of my portfolio and will try to get this back up to a better percentage. I will most likely rebalance again next month to a 50% BTC, 20% ETH, 15% FTM and 15% BNB split but I will listen to all suggestions. So be sure to comment below why I should consider coin X.
Since I also want to be open regarding my portfolio and my gains I will also share how much I actually made this month.
- 7.1 DAI (Publish0X)
- 5.1 LRC (Publish0X)
- 27 FTM (Staking FTM)
- 9 USD of COMP
- 6 USD of KNC
This totals to roughly 23 USD. My total growth this month was close to 70 USD. So to summarise, I am very content with my first month back.
What's next?
I am not 100% what's next for me in the scene. With the summer holiday coming to a close I must spend more time on my studies. This of course means I have less time for the crypto scene. However, I will try to stay up to date with the developments. Anything which seems safe and profitable will be published in this blog series. Moreover, I will keep posting these updates. If not for my few readers than at least for my own administration.
Please consider tipping, liking and following if you find my series useful. Comment if you think it's trash and how I can improve my series. Be nice though, I am also just a human ;)