Date: 4/11/2018
Time of Post: 2:21 pm PST
ALTFOLIO UPDATE
Total Holdings Worth: $805.86
Total Percent Increase: -21.48%
Total Initial Investment: $1042.56
Total Profit: -$220.44
All Holdings:
(1) Bitcoin [0.031396 BTC]: $216.20
-Profit: -$24.94
-Percent Increase: -10.34%
-Total Initial Investment: $250.00
{1} 2/6/18: $241.95 @ ($7706.31)
(2) Ethereum [0.3497 ETH]: $146.79
-Profit: -$113.58
-Percent Increase: -43.62%
-Total Initial Investment: $260.49
{1} 12/10/17: $17.77 @ ($436.49)
{2} 2/6/18: $241.95 @ ($782.82)
(3) Verge [1224 XVG]: $104.47
-Profit: $51.84
-Percent Increase: 98.50%
-Total Initial Investment: $52.63
{1} 12/16/17: $52.63 ($0.043)
(4) TRON [2477 TRX]: $89.46
-Profit: $44.68
-Percent Increase: 99.78%
-Total Initial Investment: $44.78
{1} 12/15/17: $44.78 ($0.01808)
(5) Ripple [154.94 XRP]: $77.47
-Profit: -$11.04
-Percent Increase: -12.47%
-Total Initial Investment: $88.50
{1} 12/11/17: $23.08 ($0.3555)
{2} 12/15/17: $65.42 ($0.7269)
(6) Litecoin [0.507103 LTC]: $57.98
-Profit: -$48.41
-Percent Increase: -45.50%
-Total Initial Investment: $102.44
{1} 12/10/17: $41.67 ($147.84)
{2} 12/14/17: $64.72 ($287.35)
(7) Cardano [335.86 ADA]: $55.20
-Profit: -$43.43
-Percent Increase: -44.03%
-Total Initial Investment: $98.64
{1} 12/11/17: $19.18 ($0.1324)
{2} 12/16/17: $79.46 ($0.4160)
(8) Lisk [3.996 LSK]: $34.23
-Profit: -$5.37
-Percent Increase: -13.55%
-Total Initial Investment: $39.60
{1} 12/15/17: $39.60 ($9.91)
(9) IOTA [22.98 MIOTA]: $24.06
-Profit: - $70.19
-Percent Increase: - 74.47%
-Total Initial Investment: $94.24
{1} 12/11/17: $55.06 ($4.24)
{2} 12/15/17: $39.18 ($3.92)
Where do I invest now:
The crypto market has a whole has been at a low now for a while, with the total market even dropping below $200 billion at certain points. I think the rapid downturn after the huge market surge in Dec and Jan has caused people to lose faith in the market. Therefore, it will take some time for the market to recover and will likely stay stagnant at this low for a while. I do, however, see the market as being a bit undervalues right now, meaning that it could be a great time for starting to invest. Big coins such as Bitcoin, Ethereum, and Ripple can be bought at a price that is lower than has been seen in about half a year. Since these coins are so established, they should be reliable to see growth once the market begins to increase again. But as stated earlier, this market increase is decently far in the future, whereby gains may not be seen until the end of summer or even later. Investing in lower market cap alt coins right now is much riskier, as it is almost unknown how well any of these will do if the market starts to pick up again. But these risks could pay off with massive gains in a market upturn. Bottom line: keep the investments you have now and start investing now if you are new to the crypto game.