It has been a monumental week for cryptocurrencies, most of the cryptocurrencies have achieved once again all time highs, most notable in my view is Ripple getting the 2nd spot on the total market cap. Also Ethereum now surpassing $1000, but I am most happy with STEEM as it reached an all time high of more than $8 and a $2 billion marketcap. Also the total market cap is closer to a trillion now more than ever with the total at $776,305,669,724 right now. I am excited to see my experiment cryptocompare portfolio right now that the markets are correcting. 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
Stats this week
Status recap
Last Weeks Stats
Profit/Loss: $ +1,606.10
Top Gainer: ADA(+$696)
Biggest Loser: REC($-46.63)
This Weeks Stats
Profit/Loss: $ +4,167.77
Top Gainer: ADA(+$1,924.32)
Biggest Loser: REC($-48.58)
Wow look at that a $4000 gain in just a week, with Cardano going to the moon right now with $1,924.32 the $100 we invested in Cardano at $0.02 is incredible. Cardano continues to be the top gainer while Regal Coin continues to be the biggest loser. The investment we made with Litecoin last week is not doing great as it is in the red with a -$3.24 loss. Rounding up the top 3 is Ripple, and Stellar coins who had a great pump in price this week. While at the bottom Raiden Network has moved up and is now in the green from last week. Litecoin, Regal Coin are down in the red.
That is the recap this week, let us now invest our imaginary $100 once again.
Spending Breakdown
$50 - XLM
$25 - ADA
$25 - POWR
69.06602020871751 XLM at $0.723945 each
23.58490566037736 ADA at $1.06 each
16.55629139072848 POWR at $1.51 each
These cryptocurrencies has dipped slightly and is a good entry point to buy in.
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 POWR, ADA, and XLM
It has been ten weeks now we have invested a total of $1000 and that $1000 is now $5000+ . For now we can say buying and holding the right coins can earn you great profit.
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