Senior Trader Shares 4 Coins and Altcoin Predictions in His Cart!

James Putra, a 15-year fintech veteran and trader, leads product strategy at TradeStation Crypto. Putra explained why he thinks Ethereum could outperform Bitcoin in the next 6 to 12 months. He also shares 2 altcoin projects in his portfolio, including how he accidentally generated 40,000 Dogecoins. Here is Putra’s interesting trade story…

15-year trader’s portfolio: Bitcoin, Ethereum and 2 altcoins

Putra joined TradeStation in 2013. In 2014, when the opportunity to set up a crypto trading division arose, Putra took advantage of it. He started crypto mining to learn all about crypto. In mid-2016, as excitement began to mount around Bitcoin’s bull run, the coins his team had saved suddenly became invaluable. “I was in the right place at the right time,” he said. “We had done all this mining with crypto, we had built the expertise.”

Despite being a seasoned FX trader, Putra, who currently serves as vice president of product strategy at TradeStation Crypto, refrains from trading crypto. “I learned in the first three years of crypto trading that this is not an asset class that I can trade. When I was at $20, I bought a lot of Ethereum and sold it for $40. I thought I was a great trader. If I hadn’t sold them, I would have been in a much better position.”

Putra believes there are skilled traders who can make big profits by buying and selling coins, but says that because of Ethereum trading, he constantly remembers to stick to a buy and hold strategy. Its investment portfolio consists of 90-95% Bitcoin (BTC), which serves as a “long-term investment”. Its second largest position is Ethereum (ETH), which relies on the decentralized finance potential and the staking capabilities of Ethereum 2.0.

Accidentally producing 40,000 DOGE

Putra said that he is not a Bitcoin maximalist in particular, but does not have the time to do due diligence on the thousands of altcoins in the crypto universe. He stated that he acquired the two altcoins he owns more or less by chance. In his crypto enthusiast days, Putra was trying to mine Litecoin with a friend to learn more about crypto. He had bought application-specific integrated circuit (ASIC) miners and turned on a setting he didn’t quite know how to use. A few days later, his mining resulted in 40,000 Dogecoins (DOGE), a type of scrypt token like Litecoin.

Another altcoin owned by Putra is Helium (HNT). After hearing about the easy and noiseless mining experience from a friend, he went out and bought the device needed to mine HNT tokens. “I never received a receipt or email confirmation. I thought I had been robbed or stolen. Six months later this package arrived at my door. I plugged it in. Within a week, I earned close to $7,000 from Helium.”

Putra said that while it’s a new and “unproven” technology, he likes Helium because he’s bullish on any asset that miners or investors can use as side business. As we have also reported as Kriptokoin.com, Helium allows low-power Internet of Things (IoT) devices to send data over the Internet.

Ethereum: an asset that could not see its true value due to a shortage of supply

Putra is excited about Ethereum’s performance. He noted that while Bitcoin started the year accounting for roughly 70 percent of TradeStation’s trading volume, Ethereum accounts for almost 70 percent of trading volume today. “In my personal opinion, Ethereum looks very cheap,” he said. “When you look at the shortage of supply versus demand, more and more ETH is locked onto ETH 2.0 staking nodes. There is a very small percentage of ETH available even for people to trade, so it just causes a shortage of supply.”

In addition to the staking demand for Ether, 479,730 ETH tokens have been burned since the ETH London update, further reducing its circulating supply. “In the next six to 12 months, I think there is a strong possibility that ETH will outperform Bitcoin due to this supply shortage,” he said. However, once ETH 2.0 is out, “it won’t want to hold Ethereum in the near term” because many people will now have access to sell ETH 2.0.

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