2.2.0. Bluechip Portfolio
This should contain the bluechip cryptos.
Bluechip cryptos are the coins and tokens that will enable you to perpetuate wealth from cryptocurrencies. That is, the cryptos you put in the Bluechip Portfolio should be those that you keep for a long time.
For how long?
Medium to long-term hodling is advised.
Medium-term hodling is when you hold onto your cryptos for between 91 and 180 days while long-term hodling is when you hold onto your cryptos for more than 180 days (See the modules in Class 5 of the Secondary School of Cryptocurrencies).
Note that short-term holding (that is, less than 90 days) is generally not advisable for your bluechip strategy.
2.2.1. What cryptos should be in your Bluechip Portfolio?
The best approach to this is to acquire the bluechip cryptos in all the six classes of cryptos. The following is an example:
1. Tradocoins
A top traditional crypto that should be in your Bluechip Portfolio should be Bitcoin. No matter how small it is, try to acquire some Bitcoins. Bitcoin is the grandfather of all cryptocurrencies and has the potential of soaring in price up to one million dollars per coin.
Other tradocoins that will be worth having in your Bluechip Portfolio include:
• Bitcoin Cash
• Bitcoin SV
• Litecoin
2. Smartcoins
Top smartcoins that should be in your Hodling Portfolio include:
• Ethereum (ETH)
• Cardano (ADA)
• Binance coin (BNB)
• Polkadot (DOT)
• Solana (SOL)
• Polygon matic (POL)
Others that will be worth having include VeChain, Synthetex, and Link.
3. Stablecoins
The stablecoins worth keeping in your Bluechip Potfolio include:
• USDT
• USDC
• Gold Secured Coins (GSX).
Note that the price of a stablecoin, in most cases, does not grow more than one dollar. Hence, stablecoins are good cryptos for long term preservation of digital assets if you want to avoid market fluctuations. The problem with hodling of stablecoins is that you will miss long-term price appreciation.
Memecoins, Nonfungicoins, and Gamecoins are quite new in the Crypto Market. Having some of them in your Bluechip Portfolio may be a good idea. However, the ones you choose must have clearly defined use cases. How to determine which cryptos to invest in will be discussed in the Lectures of Course 2.
2.2.2. When should You Start to Acquire the Bluechip Cryptos?
When to start to acquire the bluechip cryptos depends on which approach you adopt to buy them. Generally, in the Crypto Market, there are two approaches you can use:
(a). Buying the Dips
The prices of cryptos fluctuate. The price of a crypto can go from an all-time high and in few hours, days, weeks, or even months crash down to all-time low. The low price is the “dip.”
The Crypto Bear Season is usually when the dips are everywhere, hence, you may choose to start accumulating these bluechip coins then. To understand the seasons of cryptos, see the modules in Class 2 of the Secondary SOC.
(b). Dollar-Cost Averaging
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount he wants to invest across periodic purchases of a target crypto in order to reduce the impact of price volatility on the overall purchase.
An example of DCA: You can decide to be spending 100 dollars every week to buy two bluechip cryptos. If you do that consistently, you will be surprised in a couple of months, you’d have acquired a good amount of the bluechip cryptos in your Crypto Portfolio.