Time once again for a new edition of the Weekly Cryptocurrency HODL! It has been a bear market for cryptocurrencies at the moment with a lot of FUD(Fear, Uncertainty, and Doubt) going around lately mainly South Korea as news were saying that they will ban exchanges. The current Total marketcap of cryptocurrencies right now is $534,035,139,250 compared last week on the last edition $583,888,055,382 a $49 Billion difference. Bitcoin nearly going down $10,000, with ETH going down $1,000 with DASH also following. This past few days are the best time to buy in to cryptocurrencies as most of it are on sale. Hopefully you had bought some of your favorites.
A lot of the cryptocurrencies are recovering right now, with that I am excited to check out our portfolio at the moment, I will be predicting that it went down some more with the recent dips. Without much more to say let us start!
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
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 $17.69 each
Stats this week
Status recap
Last Weeks Stats
Profit/Loss: $ +2,965.83
Top Gainer: ADA(+$1,138.75)
Biggest Loser: REC($-48.44)
This Weeks Stats
Profit/Loss: $ +3,173.53
Top Gainer: ADA(+$975.23)
Biggest Loser: REC($-48.96)
Looking at the stats our holdings took a $300 hit compared to last weeks edition, Cardano is still the top dog but now our profits are less than $1000 is now at $900. Rounding up the top 3 is still Vechain, and Stellar but they switched places Vechain is now on the second spot while Stellar is on third with a $283 and $274 profits respectively. Now lets move to the loser coins for this week, last week the loser coins were Litecoin, Power Ledger, and the failed experiment coin Regal Coin. Now we have a new 3 biggest loser coins Litecoin, RaiBlocks, and Regal Coin. I have no complaints on litecoin, and raiblocks they are solid buys but I cannot see Regal Coin recovering haha. Our last weeks investment in RaiBlocks is not doing well at the moment with a $21 loss.
That rounds up the recap for this week. Let us now invest our imaginary $100.
Spending Breakdown
We will go all in on Cryptocurrency this week
$100 - ZCL
0.8926977325477593 ZCL $112.02 each
ZCL got a recent dip with an All Time High of $235 is now at $112 at the moment, I think it is a great time to buy in the coin.
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 ZCL
It has been twelve weeks now we have invested a total of $1200 and that $1200 is now $4200+ .
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