what is going on and welcome back once again to casual cash i'm really glad that you're here for
this episode because we're going to be talking about something that has set the world a storm in
the last couple of years and maybe it's something that you can put in your portfolio as well if you
don't already now on this channel we talk about everything finance everything investing we talk
about my portfolio and the businesses all the profits and the loss because maybe it's something
that will help you in your investment journey and bring in some additional income for yourself
and in your life so let's get right into this one because we are living in 2020 2021 2022 and
you cannot i feel have an investment portfolio these days that does not have an allocation
to crypto currency now everyone here will know what cryptocurrency is bitcoin ethereum even if
you don't know the specifics about exactly how it works what you do know is that there is potential
for money to be made there but don't get me wrong there's also potential for money to be lost
just as easily but i think it's something that we should all have as a
percentage of our portfolio allocation and this video is going to be talking about mine
so let's get straight into it when we talk about cryptocurrency there's a lot of different ones
as you know the main ones there's bitcoin there's ethereum and all the way down to
dogecoin and shiba inu and all kinds of weird and wonderful ones that i can't even get into
what i like to do in my portfolio is have diversification because as we've seen in the last
few years every different coin has had moments of ups and sometimes very big downs but overall there
has been growth so i like to split them between quite a few i also use a platform called luno
a south african platform here which i think is very good and the coins they have there provide
a good diversification i've got no interest in the business this is just the platform that i use
but let's dive into the allocations and lastly we'll get into how much profits or
loss i've made on the portfolio so take a look over here and you can see my diversification
and my allocation i'll go through the names as well because these are the tickers
they're the acronyms for the names at the top btc we have bitcoin as you can see i have
4025 rand in bitcoin or 0.005215 bitcoin the next eth is ethereum here i have 5
641 rand bch is bitcoin cash slightly less volatile than bitcoin and i have 588 rans
next up is litecoin where i have 591 rand so that brings the entire portfolio here to a total of
12 124 rand in cryptocurrency as part of my portfolio we're going to go into a couple of
things first of all let me tell you that at this current moment on the 29th of december
cryptocurrency is at a dip it's at a low we had the omicron variant going across the world
and inflation rate and has brought the price down everything goes down and up but at the moment at a
bit more of a down so what does that mean for my portfolio am i in a profit am i in a loss
that is always the big question in investing let's pull it up here and show you around
so these amounts are the profits and losses on my cryptocurrency take a look at the green
those are in profit the minuses and the ones that aren't in green that are in black are the losses
so at this current moment in time i am down on ripple bitcoin cash and litecoin
ripple is negligible 11 cents bitcoin cash 390 ran down litecoin 282 rand down so we're looking at
about 670 ran down on those three coins but this is where the beauty of diversification comes in
because my bitcoin and ethereum are up by 549 rand and 1833 rand in total together so that means
our overall portfolio profit is up 1 699 rand and 11 cents on an input of 10 425 rand so we're
looking at 16 profits keep in mind we are in a dip or a low in the crypto market there have been
times with this exact portfolio with the exact number of coins has been at fourteen thousand
eight hundred rand which is a four thousand three hundred rand profit and forty two percent this was
as little as a month ago but i'm not worried about the dips because everything does go up and down
what i'm looking for is long-term growth and we do see that in the cryptocurrency market
one thing that you won't find here but you can have a look on my channel a bit further back
was my dogecoin which i bought as a bit of a bet for 500 rand and i sold for 1 500 300
profits and around thousand rand additional on that 500 initial investment for a total of one
five so that is my current cryptocurrency engagements as you can see we're at a profit
but we're also going to hold for the long term and ride the waves uh for some long term profits
that's it for today's episode guys keep in mind that on this channel we follow my investment
journey and the profits and the losses and every trade in between so if i add or remove
any cryptocurrency you'll hear about it here on the channel as well as the rest of my portfolio
and any other investments that i'm involved in with all of the numbers just like this one here
so thank you guys for watching and i hope you stick along on the channel subscribe
and follow the journey so that we can keep going through all this together comment if you do have
any questions and if you're feeling generous you're welcome to leave a like that is it
for today's episode thank you guys for watching and i'll see you again next time on casual cash