A new 2024 high risk high reward low cap crypto portfolio

Bitcoin Talk and Cryptocurrencies
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For the last three years my approach to the crypto market has been one of 80% low risk (investment - long term holding) and 20% medium to high risk (trading in three categories with separate objectives being potential 10X candidates, 100X candidates and 1000X candidates).

Whether by good luck or good management (not overtrading) our overall portfolio gained over 90% in dollar terms in calendar 2023, but lost 10% of its value when based on Bitcoin as the base measurement currency instead of the USD.

During Q4, 2023, I decided that crypto still remains the market that offers the most dramatic growth opportunities, and that I would increase the proportion of our overall portfolio committed to crypto to the level we agreed in 2020 but which we had put on hold for all of 2022 and 2023 whilst the crypto market was in disarray. I subscribe to the view that 2024 will be different from 2022 and 2023, being the year of US elections (four year cycle), the year of a return to QE forever, an almost certain drop in interest rates and BTC halving, all of which should have a positive effect on the price of Bitcoin and (with a potential delayed price action) the rest of the crypto market. I do not believe the world will witness another 2024/2025 crypto cycle, so for me this is a “do or die” strategy. By the end of 2025, I will either have exceeded my lifetime goal in terms of maximum wealth achieved, or will be satisfied to live out the rest of my life with the peace of mind that you can’t achieve everything for everybody, and I will have made sure I will not be a future burden on any other living soul.,

Last week I funded a dedicated high risk, high reward low cap crypto account and had my new crypto business partner populate this account with 10 low cap tokens to 12Jan24 with a further 5 to buy before end of January, then move on to weekly planning meetings about changes (if any) to the holdings of this “interesting” trading account.

So having completed all of our 2023 and Jan24 crypto strategy and high level planning, I now look forward to weekly planning meetings with my crypto partner who will manage and drive this low cap, high risk portfolio on my behalf. I will not get involved with the mechanics of buying, selling or trading. My partner has done more than 10 times the quantity and value of trades than me since 2016 and has far more real market exposure than me. Not only does this change of approach allow me to concentrate on what I think I am good at, and leave to others those matters I am not very good at, it will result in significantly less time allocated to crypto overall, and give me more time of my own as I prepare for my seventh decade on this planet.

Four tokens were added 10Jan24, six more added by my partner whilst I was flying back home and five more to add when we agree on which exchange we are going to trade these tokens on. This small portfolio has an objective of using low cap, high risk, high reward participant tokens capable of mooning between 100X and 1000X. It has been funded with an expectation there is a good chance of losing 100% of funds. And it in this context that I will not be satisfied with any less than a 10X return on the total capital deployed to this fund.

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So, your partner is like a fund manager?

Well, you’ll certainly have less on your mind, and more free time on your hands. Enjoy!!!

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Hmm I would not describe him as fund manager because we have shared profit and loss, except that I cover 100% of the loss up to an agree initial capital and we share that profit and loss as the portfolio develops - if it develops. This is not the only business I am doing with that partner, but he is time rich and I am time poor. I have other businesses that need attending too with more focus than I have given to them in the past year since my wife passed away. There has been a lot to do, but I now feel on top of it all, and look forward to a productive and rewarding 2024 with a couple of small business ideas that did not occur to me until I spent time with the family overseas, and we managed to rent an AirBNB on a spectacular lake in the middle of nowhere, where nine of us went in a people carrier and just ate, drank, talked and drove. Wonderful experience.

This will be a white knuckle ride but the first 5 days have started off well. Who needs leverage when no margin returns this volatility?

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I have only heard of CELR. Interesting list. I’ll have to look at these in more depth.

How small are you going mcap wise? I’ve looked at my portfolio. My two smallest projects are 96m and 386m in mcap. Do you have a favorite theme or specific category of coin you’re keeping an eye on?

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In theory, no limit. Bear in mind the whole purpose of this portfolio is high risk, high reward. So it is more about choosing a MAXIMUM market cap rather than a minimum. My boundary condition assumptions include:
That the whole crypto market at the end of 2025 may be as high as $13 trillion.
That any contributory component to the market would not exceed 3% of its market value
On that basis, for any 1000X candidate, it will not get higher than a market cap of $390bn, and will therefore not be more than $390M today. That rules out the current top 150 by market cap.
I’ve been following Ian Balina of Token Metrics for over two years, and I like his analytical approach to crypto technical and business analysis. . So this is a small list first trial of his recommendations, and if I like the results, it is planned to subscribe to his paid service.

Early days, the first week portfolio is up 2.5% net of all transaction fees, and is 10% up compared with BTC.

I track my previous portfolio on Coingecko but have decided to familiarise myself with Coinmarketcap which I have grown to favour over Coingecko as a portfolio Management Information tool.