What a week again for cryptocurrencies, with the total marketcap now at more than half a trillion dollars. $600 billion right now, there were many surges on coins especially STEEM! it even went up to $4. That is good news, but right now let us start another edition of the Weekly Cryptocurrency HODL!
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
12.22493887530562 WTC at $8.18 each
Stats this week
Status Recap
Last Weeks Stats
Profit/Loss: $ +782.99
Top Gainer: ADA(+$376.05)
Biggest Loser: REC($-38.27)
This Weeks Stats
Profit/Loss: $ +1,794
Top Gainer: ADA(+$761.46)
Biggest Loser: REC($-41.95)
Will you look at that! our imaginary $700 investment made 3 times in profit. Cardano! has made $700+ in profit now, and Ripple at more than $1+. Our $100 investment last week on WTC produced a $40 profit. The crpytocurrency market is healthier than ever. Regal Coin is still the biggest loser for this week continuing to plunge down, bad investment. Almost all of our holdings are in green while 2 are in red, as Raiden Network continues to tank but I think it will increase value in the near future.
Last week's investment on WTC is doing nice with a $47.83 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
VEN - $100
73.52941176470588 VEN at $1.36
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 VEN
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.comt