Once again it is time for another edition of Cryptocurrency HODL! It has been another red week for cryptocurrencies as the total market cap of cryptocurrencies right now is $506 Billion as compared to the previous week on the last Weekly Cryptocurrency HODL the market cap was $534 Billion. With Bitcoin currently at $10,000 right now. With the current hack of the Japanese Exchange not helping and fud all over the place. I think the prices could continue to go down.
I am curious of the state of our experimental portfolio right now, with nothing much more to say let us get started then :)
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
0.8926977325477593 ZCL $112.02 each
Stats this week
Status recap
Last Weeks Stats
Profit/Loss: $ +3,173.53
Top Gainer: ADA(+$975.23)
Biggest Loser: REC($-48.96)
This Weeks Stats
Profit/Loss: $ +2,687.04
Top Gainer: ADA(+$850.77)
Biggest Loser: REC($-49.03)
Looking at the stats our holdings have taken a hit of $500 from the previous edition or last week. Cardano is still at the top with a $850 gain, the top 3 looks solid same as last week with Vechain, and Stellar with $367, $325 profits respectively.
Now to the loser coins this week, still we have the same coins from last week, at the bottom of the coins is Regal Coin I think it had the same fate as its brother Bitconnect so be very wary in investing your money on those kind of lending platforms. my $50 imaginary investment back then is less than $1 right now. Next on the list is Litecoin with a $36 loss, and rounding up the bottom 3 is Power Ledger with $11. Raiden Network also in the red but with a $4 minimal loss it is far from the 3 loser coins of the week.
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 same from last week
$100 - DENT
3232.793456826043 DENT $0.030933 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 DENT
It has been thriteen weeks now we have invested a total of $1300 and that $1300 is now $4000+
If you want to take a live look at the portfolio you can visit it here:
https://www.cryptocompare.com/portfolio-public/?id=119332
Thank you for reading, Catch you on the next edition!
Image, and Information Sources:
http://www.cryptocompare.com