This is a simple idea I've been contemplating, specially appliccable for people using 1broker to trade, while holding BTC. If you trade with no leverage, you can afford to have things move down quite a bit before being hard stopped (losing 84% of the position's value), so this lets you keep a 'cash' savings account, holding BTC and some stock CFDs. (This same idea can be applied to anyone using more proper brokerage firms, simply diversifying your holdings into some BTC exposure as well, but the post is mostly meant for Bitcoin users).
Holding this type of portfolio, you're hedged against fiat money inflation, but you have counterparty risk, since you have holdings at a brokerage firm, so do your due diligence. You can always find more secure alternatives for BTC, like paper wallets, and the like. You can use this simple signal idea I share here, to add to your savings.
Hope you find this idea useful and inspiring, since I'm sure not many of the BTC users, or the 1broker users specifically thought about this application (instead of going all in with leveraged bets).
Cheers,
Ivan Labrie.
ps: this idea is specially good for 3rd world countries, we have horrifically dangerous fiat currencies and general lack of confidence in institutions, and for good reasons.
This is a great idea. I would just add that I recommend people involved in altcoin trading and investment keep a separate bitcoin savings pile in their NON-MARGIN exchange accounts SEPARATE from their working altcoin investment opportunity cash (btc) pile. The effect of Soros' reflexivity theory will continue to drive btc price to the sky. If you hold long-term you'll have a huge, inflation-slaying, money-making pile of exponential-growth without having to lift a finger.
IvanLabrie
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@Piptocurrency, in the very long run, yes. But following the trends is good for your active funds too. A bit of both works.
Cheers!
KLYP_Investment
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oh... that's nice concept
neverfollowr
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Ivan great work as usual. No I never saw this post before. So you just have this going long and let this portfolio breathe? Nice
IvanLabrie
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@neverfollowr, I have been trading this actively since Dec 2015, at least. Before I was trading with lower amounts.
JoE
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Unbelievable!
IvanLabrie
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@JoE, this is a very powerful portfolio :D
The 30% BTC exposure helped but equities also did great.
jeffreyjim
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------- "Bitcoin" ---- "A Fools Paradise" ---- "Bitcoin"
=======================================================
----"IF" --- "Major Support Is Taken Out" --- " $9,222.00 "
"Next Stop" ---- Below $5,555.55 --- 33.3% Chance or Better.
=======================================================
Only "Fools Jump In"
"Good Luck" -- and -- "Good Trading"