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Vitalii Liubimov's Avatar
published in Blogs
Apr 29, 2022

9 Tips for Building a Crypto Portfolio

It’s a unique time to begin investing in cryptocurrency. Price fluctuations, constantly-emerging new varieties of coins, and an influx of investors curious about the potential of digital currency all indicate that interest has never been higher – nor has the investment landscape been more confusing. Here are eight tips to help you wade through the mire and begin intelligently investing in cryptocurrencies.

Tip #1: Pay Attention to Circulation Supply, Total Supply, and Market Cap

Looking at these three market factors can help paint a picture of a coin’s potential. Circulation supply and total supply go hand-in-hand, providing useful insights into the likelihood of a coin increasing in value over time – for example, the greater the number of coins and the faster they are brought into circulation, the harder it could be for a coin to climb in price. A massive total supply often indicates that prices will stabilize as circulation supply expands, as increased circulation offsets rising prices. Similarly, the market cap allows us to estimate future growth for coins – comparing market caps between various cryptocurrencies offers useful benchmarks to gauge a coin’s potential.

Tip #2: Diversify Your Portfolio

Diversification almost always makes for good investment strategy, period. But it’s especially true for cryptocurrency, where disruption is the name of the game – new technologies, mining algorithms, and more can pop-up out of nowhere, cause a stir, and disappear in the blink of an eye. Diversifying your investments with a range of market caps, target markets, and coin technologies can potentially reduce risk while providing diverse sources of return – in the spirit of insulating you from the more chaotic effects of the market.  

Tip #3: Do Thorough Research

No one regrets doing some solid research before investing. When considering coins, evaluate the team behind them – it’s never been easier with LinkedIn, Facebook, and other social and professional networks. Who are the advisors? What about the investors? How much funding do they have, and how did they obtain it? These things will give you a picture of the health of a company, as well as a potential trajectory. Flash and hype are exciting, but a diverse team with strong experience, a proven track record of success, and backing from prominent VC firms or investors is far more likely to develop a successful coin.

Tip #4: Evaluate the Code

The public code repositories behind each cryptocurrency are a wealth of information for a crypto investor. Evaluating these repositories can tell us how often code is committed, the number (and severity) of any reported issues, how many developers are contributing commits, and more. Too few commits, or too few developers, usually means a coin is unsustainable. The code itself is also a useful source of information – clean, well-documented code is, at the minimum, a sign of competence. Bonus points if developers engage with the community via social media, speak at conferences, and more.

Tip #5: Read the Whitepaper Closely

The vision articulated in a whitepaper is a window into coin creators’ ambitions, but it shouldn’t be treated as the word of law. Whitepapers have a tendency towards grand language and ideas, which makes for exciting reading, but if a coin is trying to do everything or lacks details, it often portends a lack of technical know-how or a one-way ticket to dried-up funding. Look for whitepapers emphasizing a practical approach, as well as an understanding of cryptocurrency and the current technologies making up its foundation.

Tip #6: Gauge the Community Involvement

Like any product, coins need a community of purchasers, advocates, and users behind them to succeed – the greatest coin in the world on paper would be valueless without adoption. An active, engaged group of users, which you can gauge through social media and discussion boards, bodes well for a successful coin. It is an especially good sign when third parties begin building functions and integrations supporting a coin. A coin with a growing market cap should have a community growing alongside it – if market cap outstrips support, proceed with caution.

Tip #7: Assess the Hype Machine

We’ve been discouraging you from paying too much attention to hype, but don’t discount it entirely – it is often a byproduct of strong marketing, and strong marketing is key to a successful coin. That said, bells and whistles with no substance means that, as funding dwindles, so does the product’s opportunity for success. Product development and marketing working in lockstep is ideal, and organically successful marketing campaigns are also positive.

 

 

Tip #8: Watch the Timeline

Reasonable timelines and teams that deliver on them are good signs to an investor. This means a team is functioning well, reaching its objectives, and taking a realistic approach to their product’s development. Falling short of benchmarks is okay, but transparency is key – teams that provide an explanation for failure, as well as evidence to support it, are teams that take ownership of their process and want to be held accountable. Radio silence and constantly missed deadlines are big red flags.  

Tip #9: Invest with the Help of Artificial Intelligence

If you’ve never unleashed the power of algorithms and AI for discovering patterns in the cryptocurrency markets before, perhaps it’s because it has never been available to retail investors in an easy-to-use format. Tickeron has created AI that can provide retail investors with technology and tools to enable trading with massive amounts of data and analysis. The end result is arming retail investors with a high-powered, virtual research assistant: Tickeron’s Artificial Intelligence.

Learn more about how the AI works by exploring the features of Tickeron’s Pattern Search Engine.

Related Ticker: BTC.X

Aroon Indicator for BTC.X shows an upward move is likely

BTC.X's Aroon Indicator triggered a bullish signal on May 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 436 similar instances where the Aroon Indicator showed a similar pattern. In of the 436 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 15, 2024. You may want to consider a long position or call options on BTC.X as a result. In of 136 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BTC.X just turned positive on May 12, 2024. Looking at past instances where BTC.X's MACD turned positive, the stock continued to rise in of 59 cases over the following month. The odds of a continued upward trend are .

BTC.X moved above its 50-day moving average on May 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BTC.X crossed bullishly above the 50-day moving average on May 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 436 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BTC.X moved out of overbought territory on May 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 59 similar instances where the indicator moved out of overbought territory. In of the 59 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BTC.X broke above its upper Bollinger Band on May 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Market Cap

The average market capitalization across the group is 1.35T. The market cap for tickers in the group ranges from 1.35T to 1.35T. BTC.X holds the highest valuation in this group at 1.35T. The lowest valued company is BTC.X at 1.35T.

High and low price notable news

The average weekly price growth across all stocks in the group was 2%. For the same group, the average monthly price growth was 7%, and the average quarterly price growth was 83%. BTC.X experienced the highest price growth at 2%, while BTC.X experienced the biggest fall at 2%.

Volume

The average weekly volume growth across all stocks in the group was 33%. For the same stocks of the group, the average monthly volume growth was 72% and the average quarterly volume growth was 360%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
View a ticker or compare two or three
BTC.XDaily Signal changed days agoGain/Loss if shorted
 
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