What is Your Crypto Portfolio

A place to talk about speculative investing ideas for the optional Variable Portfolio

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dualstow
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What is Your Crypto Portfolio

Post by dualstow » Sat Oct 30, 2021 7:26 am

Kriegsspiel wrote:
Fri Oct 29, 2021 7:36 pm
I bought some crypto at the end of August with some VP play money (up 24%). If I can Matthew Effect this motherfucker, then great. But even if it goes bust, it's a pretty interesting phenomenon to get into.

I have a fractional amount of Bitcoin held directly, and a piece of ETHE (Ethereum fund ticker). The ETHe is equal to 1% of my (vp + pp). It was 0.5% when I bought it, but it doubled (and then went back to breakeven and then doubled).

How about you all?
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Re: What is Your Crypto Portfolio

Post by mathjak107 » Sat Oct 30, 2021 8:16 am

Just gbtc as one of my inflation hedges…whether Bitcoin is a hedge or not remains to be seen
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Re: What is Your Crypto Portfolio

Post by Kriegsspiel » Sat Oct 30, 2021 8:39 am

Bitcoin only right now. I'm looking into Ethereum, too, which is more complex.
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Re: What is Your Crypto Portfolio

Post by Jack Jones » Mon Nov 08, 2021 3:06 pm

15% of my portfolio is directed towards bitcoin. Since most of my holdings are in retirement accounts, I have to compromise w/ miners/ETFs there instead of holding it directly.

I started out w/ 1% of total portfolio in these:
- MSTR
- GBTC
- MARA
- HUT
- BITF
- SDIG
- RIOT

They count towards Bitcoin allocation, not stock allocation.
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Re: What is Your Crypto Portfolio

Post by dualstow » Mon Nov 08, 2021 3:47 pm

Wow! That’s alotta coins.
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bitcoininthevp
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Re: What is Your Crypto Portfolio

Post by bitcoininthevp » Tue Nov 16, 2021 11:29 am

dualstow wrote:
Mon Nov 08, 2021 3:47 pm
Wow! That’s alotta coins.
Those are stocks, except GBTC.
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Re: What is Your Crypto Portfolio

Post by dualstow » Tue Nov 16, 2021 12:41 pm

bitcoininthevp wrote:
Tue Nov 16, 2021 11:29 am
dualstow wrote:
Mon Nov 08, 2021 3:47 pm
Wow! That’s alotta coins.
Those are stocks, except GBTC.
Sorry, I meant to say “alotta coin”, in the mass/uncountable noun sense.
Yes, he specified ETFs. I have since been slowly working my way through the profile for each ticker.
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Re: What is Your Crypto Portfolio

Post by Jack Jones » Tue Nov 16, 2021 1:47 pm

Sold 66% of HUT, and 50% of BITF and MARA and bought paper gold to keep things in range.
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Re: What is Your Crypto Portfolio

Post by bitcoininthevp » Tue Nov 16, 2021 3:02 pm

Could be informative:

Valuation of Bitcoin Mining w/ Mike Alfred (BTC043)

"Preston Pysh talks with entrepreneur and Bitcoin expert, Mike Alfred, about the valuation process for publicly traded mining companies."

https://www.youtube.com/watch?v=WKAmLFK ... astNetwork
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Re: What is Your Crypto Portfolio

Post by vnatale » Wed Nov 17, 2021 9:08 am

Another sign?

https://www.espn.com/nba/story/_/id/326 ... ights-deal

Staples Center to become Crypto.com Arena in reported $700 million naming rights deal
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats."
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Re: What is Your Crypto Portfolio

Post by dualstow » Wed Nov 17, 2021 9:38 am

Okay can we get back to personal crypto portfolios?
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Re: What is Your Crypto Portfolio

Post by bitcoininthevp » Wed Nov 17, 2021 9:53 am

dualstow wrote:
Wed Nov 17, 2021 9:38 am
Okay can we get back to personal crypto portfolios?
I like Bitcoins in my portfolio.

Ill throw a couple alternate ideas out as well.

1. Buy BTC, collar it.

Buy spot BTC and then sell a call against it and take the $ from that sold call and buy either a put spread or puts. Example for September 2022 expiration: Buy 1x $60k BTC, sell an 80k call against it, and buy 60k put for downside protection. You can get this for essentially no cost. The positioning here allows upside exposure to BTC up to $80k, and you have no risk of a downside move (since current BTC price is $60k).

2. BTC Cash and carry.

Buy spot BTC and sell futures against it. Example: Buy 1x $60k BTC now, and sell 1x BTC worth of September 2022 futures against it. September futures are currently $65k, so you make a nice $5k profit with no BTC price risk. This isnt as attractive as its been at "only" ~10%, but still nice "risk free" trade. This trade has gotten into the 20%+ range during bullish periods.

3. Sell BTC covered calls.

This one has some downside risk, but if you already have some BTC and already told yourself youd sell your BTC if it hits $100k, why not sell a $100k call against your BTC and make some additional $ vs just selling it? A September 2022 $100k call sold would give you $12,000 USD.
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Re: What is Your Crypto Portfolio

Post by mathjak107 » Tue Nov 23, 2021 4:22 am

my inflation hedge is 5% gbtc bitcoin , 5% gld gold , 5% dbc commodities and 5% cash ,that is 5% based on total investable assets …that kind of just flies fighter cover over the main portfolio
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Re: What is Your Crypto Portfolio

Post by vincent_c » Wed Nov 24, 2021 2:35 pm

MJ is actually ahead of the game here weighting btc and gold 50/50.

This is something I'm thinking about transitioning to eventually but I just don't believe btc is at the point where it commands an equal footing with gold yet.

I do like the idea of splitting up your 25% store of value into various assets.

I see 50% of the PP that could be considered a hedge against inflation. Stocks are the primary inflation hedge and what used to be 25% in gold could be considered keeping up with inflation in the long run so is the long term inflation hedge. Semantics I guess.

I've always looked at commodities as leveraging your store of value asset in order to gain additional exposure to credit risk in a similar way to holding some silver instead of gold. What I've not really considered is whether the cyclical nature of commodities provide any benefits to portfolio construction especially when it replaces part of the gold portion in the PP. My gut tells me that it's likely better to increase your exposure to credit risk in a way that you can isolate it from the store of value properties of an asset.

Finally, I'm curious about cash as an inflation hedge. I use debt as an inflation hedge but it seems like holding cash is the opposite of an inflation hedge.
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Re: What is Your Crypto Portfolio

Post by dualstow » Wed Nov 24, 2021 8:54 pm

My crypto portfolio is kept in BRD wallet (thank you again, b in the vp), which I really like.
Sad to see they’re moving to Coinbase. I don’t like change, and I don’t want to have another experience like I did before BRD, like having a nine-word passphrase and being asked for 12 words.
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