In a video update about their cryptocurrency portfolio, the YouTuber discusses their approach to researching and investing in coins. They outline five key factors they consider, including use case, community, team, tokenomics, and philosophy. They explain that philosophy should not be the deciding factor but can sway their decision if other factors score low. They also discuss removing FTT and Solana from their portfolio, replacing them with two other coins they have been wanting to add for a while. Finally, they mention their dollar-cost averaging strategy, in which they invest a set amount each day.
—
Introduction
Welcome back to another week of cryptocurrency updates! In this video, Ben and AJ discuss the current state of Bitcoin and their investment portfolios. They also provide insights on how to effectively conduct research before investing in cryptocurrencies.
Bitcoin and Investment Portfolios
Bitcoin is currently hovering around $18.9K, and Ben and AJ are waiting for it to hit low 18’s or 17’s, before making any significant changes to their portfolios. The Algorand and ISO 20022 portfolios have been performing well, with XRP experiencing an increase in value. They also share their experience with dollar-cost averaging and share some challenges they encountered while using Crypto.com.
FTT and Solana
Ben and AJ discuss their thoughts on FTT and Solana and how they have been performing lately. FTT is expected to do exceptionally well in the next bull run, while Solana’s past performance has been impressive. However, Ben and AJ have come to the conclusion that it’s time to make some changes to their portfolios and remove FTT and Solana.
Effective Research Techniques
Ben advises viewers to conduct thorough research before investing in cryptocurrencies. He provides a sample rubric that investors can use to evaluate the different coins available in the market effectively. The rubric includes parameters such as use case, community, team, tokenomics, and philosophy. Ben emphasizes that philosophy should not be the sole deciding factor but should be considered along with other factors to make informed decisions.
Conclusion
Investing in cryptocurrencies requires adequate research and evaluation. Ben and AJ share their thoughts and experiences with different coins and provide a sample evaluation rubric that viewers can use for effective research. Understanding different parameters, such as use case, community, team, tokenomics, and philosophy, can help investors make informed decisions and build a diversified and robust investment portfolio.
