It has been 7 days ago since the last edition of Weekly Cryptocurrency HODL, it is time once again for a new edition.
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.
With cryptocurrency market capitalization booming as ever, it is now $405,400,664,416 wow, and Bitcoin Dominance of 63.2% with the bitcoin price at 15k All time high once again.
First things first
We will get the stats of our investment from last week, and here it is from our cryptocompare portfolio.
Previous Aquisitions:
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
Stats this Week
Stats Recap
Last Weeks Stats
Profit/Loss: $ +169.59
Top Gainer: ADA(+$134.90)
Biggest Loser: REC($-21.99)
This Weeks Stats
Profit/Loss: $ +258.65
Top Gainer: ADA(+$131.40)
Biggest Loser: REC($-22.21)
As we can see Cardano(ADA) is still the biggest gainer this week, and last week. With just a slight down from the profit. REC continues to go down slightly and is still the biggest loser for a couple of weeks now. Generally almost all of the investments are in profit right now, while 2 are in red.
Last week's acquisitions XLM is doing great with a $46.25 profit, while RDN was bought when it was in its peak.
That is it for the stats recap, let us proceed now to investing our imaginary $100 haha.
Spending Breakdown
Let us start investing then!
For this week we will go all in with one Cryptocurrency
EOS - $100
Note: Prices may vary as the portfolio and acquisitions are made ahead of time.
23.31002331002331 EOS at $4.29 each
Final things
So that is it now we have $600 total in imaginary investments now on different cryptocurrencies, with the new acquisitions of EOS.
Her 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