Our adventures into Cardano have been pretty rough so far. Right now this is one of my poorest performing projects. I have a clump of projects ICX, ADA, SUB & LBC that right now are clearly the bottom of the pack. That's okay though, Our loses right now don't matter as long as the projects we've picked are strong and viable. I think Cardano easily meets those requirements. Really we had a terrible initial buy-in point on this hodl. It was on the back end of a massive run by Cardano that I knew had Cardano over-priced. But the point of these Dollar Cost Averaging projects isn't about finding ideal entry points into a specific crypto, it's about mitigating risk by slowly buying over a longer period of time. We hit the highs, we hit the lows and at the end of the year it will all average out.
Here's how the project looks so far:
| ADA Owned | Current Price |
|---|---|
| 798 | $0.40 |
| Investment | Current Value | Net Profit/Loss | Profit per Day |
|---|---|---|---|
| $460.65 | $319.24 | $-141.41 | $-3.21 |
I really should have bought two more ADA to bump us over 800. I'm quite surprised by how large our stack is getting. I should be able to bump up our buys to at least $50 this week so I'm hoping I can get these stacks trending upwards even faster.
I've been with spotty internet the past few days so I'm a bit behind on my posts and am taking my brief internet window to get caught up.
I'm still taking suggestion for this weeks followers choice coin so let me know what coins you are hyped about!