The bleeding won't stop on Substratum! The price has dropped another $0.50 this week and on a coin that started out at $2.00, not a very encouraging trend. I kind of expect this coin to continue sliding a bit longer but we've got strong hands and will hodl our way through.
We managed to grab 64 SUB today @ $1.09 each and have our stack up to 148 coins. Our breakeven is down to $1.47 which is below our first two buys, dollar cost averaging for the win?
Here's how the project looks so far:
| SUB Owned | Current Price |
|---|---|
| 148 | $1.09 |
| Investment | Current Value | Net Profit/Loss | Profit per Day |
|---|---|---|---|
| $217.56 | $161.32 | $-56.24 | $-4.02 |
We are seeing some impressive loses on SUB thus far. Solidly in last place out of all our projects. I won't be discouraged by this downward trend as one of the advantages to dollar cost averaging is that we trim off our breakeven a bit more each time we buy on the downslope. These projects aren't about huge gains over the course of a week or month but instead to show what can be done hodling and dollar cost averaging a coin you believe in.
On the plus size we are building up a huge stack of SUB and I kind of feel like this is very much a boom or bust pick that we chose. I wanted a few coins that were a bit of a wild card over our standard coin choice of Ethereum competitors.
