It has been a crazy week again for cryptocurrency with a lot of altcoins surging past all time highs like litecoin, and the whole cryptocurrency market cap passing half a trillion dollars. It is great days again for Cryptos.
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 last week from our cryptocompare portfolio.
Previous 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
Stats This Week
Stats Recap
Last Weeks Stats
Profit/Loss: $ +258.65
Top Gainer: ADA(+$131.40)
Biggest Loser: REC($-22.21)
This Weeks Stats
Profit/Loss: $ +782.99
Top Gainer: ADA(+$376.05)
Biggest Loser: REC($-38.27)
Would you look at that! Cardano is so high right now, with a $376.05 profit, also the total profit is really great as it more than doubled our acquisition cost of $600. 700% gain for Cardano magnificent. ADA is still our greatest gainer for this week. REC was not a good buy, we just experimented if holding lending coins like Regal Coin is profitable, with a -$38.27 loss from the time we bought it. Also Raiden Network has tanked since, but we are in for the long term for this. So continue and HODL!
Last weeks' acquisition EOS is doing great currently at 4th with an $80 gain!
That is it for the stats recap, let us proceed now to investing our imaginary $100 haha.
Spending Breakdown
Let us start investing then!
Like last week we will be going all in on one cryptocurrency
WTC - $100
12.22493887530562 WTC at $8.18
Note: Prices may vary as the portfolio and acquisitions are made ahead of time.
Final Things
Let us see then once again my portfolio after adding WTC
Here is the link of the live portfolio to see what it is currently doing. You can visit it and see the stats: https://www.cryptocompare.com/portfolio-public/?id=119332
Thank you for reading, Keep it up! Keep on Steeming!
Image, and Information Sources:
http://www.cryptocompare.com