Wow, it feels so long ago since I did an edition of Weekly Cryptocurrency HODL. The last edition was on February 8. 2 months ago, for 2 months I decided to lie low on cryptocurrrency and steemit. I very much missed it, this post will mark my return as I will slowly but surely ease back to posting here on steemit, and bringing my interest back to the latest on crpytocurrencies and latest blockchain technology.
In 2 months there have been not much movement in the prices of cryptocurrencies. After 2 months again, I have just visited https://coinmarketcap.com . The total market cap is at $266 Billion. Bitcoin is at $6800 and ETH at $414.
So today I will bring back this weekly edition, I am curious at what is the status of the portfolio that I was building. I never did open it in 2 months, let us see if all of my investments went down the drain or maintained its growth. Without further ado, let us start my friends.
What is Cryptocurrency HODL?
It is a fantasy style of holding cryptocurrencies per edition I have an imaginary $100 to invest in my choice of crypto. The main goal of this is to see if investing in crypto is profitable in the long term. We buy the crypto with no trend analysis, we buy in maybe on a dip, or when it is at its All Time High.
Disclaimer: The investments here in this post is not true. This is just an experiment to see if holding cryptocurrencies are profitable. This is not investment advice. Invest at your own risk do some research first. Invest only money you can afford to lose.
First things first
Let us take a look at the stats we had in our last edition which was from February 8, 2018 more than 2 months ago
As we can see the last stats that we had in February the cryptocurrency portfolio is up by $1,600 with acquisition cost of $1,400 so all in all the portfolio value is at $3000+ still not bad, and the last cryptocurrency that we had invested in was SALT.
List of acquisitions
5.9666 STRAT at $4.13 each
13.9665 KMD at $1.78 each
26.2283 STEEM at $0.9532 each
30.885 ETHOS at $0.8095 each
1845.15462396 ADA at $0.02710 each
0.7323861139592793 REC at $68.27 each
6.622516556291391 OMG at $7.55 each
8.090614886731393 LSK at $6.18 each
220.1876879852386 XRP at $0.227079 each
394.548912228649 SNGLS at $0.126727 each
752.5247204370664 XLM at $0.066443 each
12.85347043701799 RDN at $3.89 each
23.31002331002331 EOS at $4.29 each
12.22493887530562 WTC at $8.18 each
73.52941176470588 VEN at $1.36 each
0.388455114011576 Litecoin at $257.43 each
69.06602020871751 XLM at $0.723945 each
23.58490566037736 ADA at $1.06 each
16.55629139072848 POWR at $1.51 each
5.652911249293386 XRB at $17.69 each
0.8926977325477593 ZCL at $112.02 each
3232.793456826043 DENT at $0.030933 each
21.97802197802198 SALT at $4.55 each
Stats today
Look at that the portfolio is hanging by a thread the profit is now down to $100+ haha but at least it is still profit.
Status Recap
February 8, 2018 Stats
Profit/Loss: $ +1,649.99
Top Gainer: ADA(+$587.84)
Biggest Loser: REC($-49.75)
April 11, 2018 Stats
Profit/Loss: $ +194.27
Top Gainer: ADA(+$218.77)
Biggest Loser: ZCL($-96.28)
Looking at the stats our holdings took a massive hit and is now down to $1,600. $200 more than of our acquisition cost that means we are still in profit but there were massive losses on cryptos like ZCL, Nano, Dent and many more.
The top 3 coins today on the portfolio are Cardano which is still the top gainer from 2 months ago, next is Vechain, and Stellar. The top 3 is what was like 3 months ago. Now we recap the bottom coins which are the loser coins, we have a new low 3 at the moment. The biggest loser being Z Classic, then Nano which is also in the last posts low 3, and rounding up the low 3 is DENT.
That rounds up the recap for this week. Let us now invest our imaginary $100.
Spending Breakdown
Let us go back to investing in the stable and coins on the top. We will be spending our $100 on ETH this week.
0.2381 ETH $420 each
Note: Prices may vary as the portfolio and acquisitions are made ahead of time.
Disclaimer: The investments here in this post is not true. This is just an experiment to see if holding cryptocurrencies are profitable. This is not investment advice. Invest at your own risk do some research first. Invest only money you can afford to lose.
Final Things
Now let us see the portfolio once again after adding ETH
The total acquisitions cost is up now to $1,500. Now that is it see you again next week for the weekly cryptocurrency HODL!
If you want look into the portfolio you can visit it here:
https://www.cryptocompare.com/portfolio-public/?id=119332
Image, and Information Sources:
http://www.cryptocompare.com