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How to Build a Massive Crypto portfolio with less than $1,000

6 Cryptocurrencies to x your portfolio.

By DeFi ChroniclesPublished 3 years ago 6 min read
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Cryptocurrencies are booming, and everybody wants their piece of cake.

This got me thinking, If I only had 1,000$, how would I build my first Crypto portfolio. Follow along, and I will show you the blueprint I would use.

Choosing a max of 6 Cryptocurrencies, focusing on creating a solid portfolio based on the best crypto project not only considering the best return on investment but also looking into building the best crashproof portfolio.

I would start by splitting that $1,000 into a 60% / 40%.

Allocating 60% (600$) into the 2 market movers. Bitcoin and Ethereum.

Bitcoin ₿

Created by the unknown Satoshi Nakamoto in 2008.

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

💡 BTC = Money that I can send fast without the need of using the same middle man each time.

Why Bitcoin?

It is more scarce than gold but way more useful. Bitcoin will never cross over its 21 million coin supply cap.

Once they’re all mined, which should occur in around 2144, no new Bitcoins will enter circulation.

If all the Bitcoin supply in existence were to be distributed evenly across the people of the earth, then there would only be 0.0023 BTC for each person. That’s why if demand continues to rise while available supply decays, prices will rise substantially in the future.

30% Allocation

As for today's prices of $33,100, allocating 30% of $1000 will give me a total of 0.00905700.

Bitcoin Whitepaper

https://bitcoin.org/bitcoin.pdf

Ethereum Ξ

Bitcoin’s little brother, some swear that ETH will flip the Bitcoin market cap due to all the goods it has to offer.

Created by Vitalik Buterin, Ethereum is arguably the second most popular digital token after bitcoin.

Why Ethereum?

It is way more than a cryptocurrency. It enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control, or interference from a third party.

Most of the great projects like UNI, AAVE, CHAINLINK are based on the ETH network.

30% Allocation

As for today's prices of $2,034, allocating 30% of $1,000 will give me a total of 0.14773500 ETH.

ETH Whitepaper

https://ethereum.org/en/whitepaper/

XRP

Created by 3 engineers David Schwartz, Jed McCaleb, and Arthur Britto in 2011.

XRP is a digital asset built for payments that can settle transactions in seconds.

Why XRP?

XRP has been there since 2012, and in 2017 it was the best performing crypto. This year’s all-time high is $1.97, and right now, it is sitting at $0.64c. XRP is one of those cryptos that already have a good background and use cases.

The bad news? It is fighting the SEC.

The SEC filed a lawsuit against Ripple over its XRP cryptocurrency, claiming that Ripple should fall under SEC regulations because it is a security, not a currency. And that Ripple was aware that it wasn’t likely XRP would qualify for status as a currency under the Exchange Act because it lacked the backing of a central government.

Ripple said that the U.S. regulator is incorrect — Ripple’s XRP cryptocurrency is not a security. The company stated XRP is a virtual coin used as a medium of exchange for quick and scalable international and domestic transactions.

But no so bad… They are actually winning, and if they do, it will show the power of Ripple, plus it will get into the headlines, which will increase eyes on it.

10% Allocation

Buying at today's prices, 0.6250 allocating 10% of the portfolio will give us around 160 XRP.

VeChain

VET is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology.

Why Vechain?

It has so many use cases that I would need to make a separate post on it. Some of my favorites use cases are:

Provenance for food & beverage

Consumers can acquire detailed information secured by the blockchain, including the source and ingredients of the products, geographic location, logistics information, inspection report even temperature data, and the data is time-stamped and cryptographically signed by the party who produces the data.

Digital vehicle passport

Stores and secures critical data on the VeChainThor blockchain across the entire lifecycle of automobiles.

Helping in peer-to-peer data exchange among car manufacturers, repair shops, insurance providers, technical experts, and even banks to share data with authorized access.

10% Allocation

Buying at today’s prices, 0.0757 allocating 10% of the portfolio, will give us around 1,321 VET.

VeChain Whitepaper

https://www.vechain.org/whitepaper/#bit_zxhvz

Cardano

Created by Charles Hoskinson, the co-founder of Ethereum.

Ada is a digital currency with the ability to send and receive funds instantly for minimal fees. Cardano blockchain can also be used to build smart contracts, and in turn, create decentralized applications and protocols.

Why Cardano?

The network is “1.6 million times more energy efficient” than Bitcoin. Using the “proof-of-stake” system, in which validators hold their coins within the network to participate and earn rewards.

  • Dirt cheap fees for the transfer
  • A great team behind it.

10% Allocation

Buying at today’s prices, 1.265 allocating 10% of the portfolio, will give us around 79 ADA.

Cardano Whitepaper

https://roadmap.cardano.org/en/

Binance Coin

BNB is a native cryptocurrency of the Binance Network that can be used to trade and pay fees on the Binance cryptocurrency exchange. The Binance Exchange is the largest cryptocurrency exchange in the world, facilitating more than 1.4 million transactions per second.

Why Binance Coin?

Binance schedules quarterly BNB burns to permanently reduce the supply of BNB, in turn, increasing its value.

One of the world’s most popular utility tokens.

Great track record, Binance has been one of the most reliable and trusted exchanges for years.

10% Allocation

Buying at today’s prices, 308.55 allocating 10% of the portfolio, will give us around 0.324087 BNB.

Now to the fun part

In the best-case scenario, if we are still on a bull market and Bitcoin goes to $100,000 like everyone is expecting (including myself), that would push most coins past 2x their previous highs.

Taking that into consideration, this is how our portfolio would end up:

Breakdown, I invest $1,000 into 6 crypto projects. If best case scenario happens, ROI would be

ROI = Profit / Investment * 100

ROI = 2,451.82 / 1,000 = 245.182%

Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Do your own research, play with the numbers and have fun. I have attached all the Whitepapers so you can look further into these projects before investing.

Social media:

Medium: https://maximemanuelr.medium.com/

Vocal Media: https://vocal.media/authors/maxime-manuel

Twitter: https://twitter.com/manuel_lucien

Resources

If you want to try any of the services I have mentioned in this post, please feel free to try them using my referral codes. All of them will get you a reward.

Celsius — Where I stake most of my Cryptos (Receive 40$ when you sign up)

Referral code; 1919861153

Binance — The platform I use to buy Cryptos (10% off trading fees)

https://www.binance.me/en/register?ref=151863031

Wise — The platform I use for international wires (First transfer is free)

personal finance
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About the Creator

DeFi Chronicles

Overcoming anxiety with self-dev, personal finances, and fitness.

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