Introduction

In the current market condition, you can see a lot of volatility and turbulence that make things scary or fun. I know it is not always easy to find reliable programs.

While searching the internet, I found the website Shrimpy that offers an automatic portfolio rebalancing. Unfortunately, you cannot do anything with the free version. So, how do you know it's a reliable service? If you invest in the membership, at least it's good if you can recover what you have invested in the platform.

My introduction video

You can check the video I have made before to write this article. Also, you can subscribe to my YouTube channel crypto and coffee.

The free version

To be honest and transparent, you cannot do anything with the free version of Shrimpy. As soon as you try to add an asset, an index, or a portfolio, you get an aggressive popup to buy the premium version. This irritates me a little.

On the website, I asked if it is possible to at least have the guarantee that we will recover the fee for the premium membership. The only answer I got was ignorance and radio silence, this behavior is common in the crypto space.

It is always good to ask questions before puting money in a crypto product. – Chesatochi.com

The Shrimpy white paper

I read the white paper and it is cool to discover the strategy to rebalance your crypto portfolio. The only thing you need to be advised of does not take the number of returns for granted.

Another thing that is not great about the paper, it does not tell us which assets they chose to make the backtest. Gullible people who will read the white paper might believe that it is easy to make a lot of money with the rebalancing strategy.

Always do your own research and reading the white paper is mandatory before you put money on the table. – Chesatochi.com

You can read the white paper here.

A monthly membership

As I mentioned, you cannot do anything with the free version and I can not test the full potential of this strategy. I checked two videos on YouTube to learn more about the project.

This is the price to pay when you want to upgrade from the free version.

I want to test and study this strategy with the backstep feature and I will pay for one month. I am in a mode where you do not need to seize every opportunity but to learn and master a few very well.

My aim is to recover at least the membership fee and see after.

Crypto rebalance strategy

In simple terms, the rebalance strategy is to always have the same percentage of each asset on your portfolio or index.

An example of a crypto portfolio:

25% in Bitcoin

25% in Litecoin

25% in Ripple

25% in EOS

With the rebalance strategy, you will always keep the same weight. You rebalance base on your own criteria like 1 hour, 1 week or 1 month, etc.

What I am going to do

I am very interested in this strategy and it is aligned with my own vision to generate money from that space. I will invest one month as a test purpose and test everything the site has to offer.

I plan to make a series of articles and maybe if I like what I see, also include the affiliate link and promote the product.

I know $19 is not a bargain but I see it as an opportunity to learn and gain knowledge from it.

Don't try to be greedy and test opportunities in the crypto space. – Chesatochi.com

Last word

So far, I have created my free account and read the white paper. I believe the rebalance strategy is something that might work if implemented properly.

I don't know if I will use Shrimpy for the long-term but I intend to try it for one month and learn everything I can.

You should expect a few articles and videos with deeper knowledge from that platform in the coming weeks.

Chesatochi.com – For the love of crypto and coffee

PS: I am not a financial adviser and this is only my own opinion. Always do your own research before to embrace any type of investment in the crypto space.