I started a small crypto altcoin portfolio with the intention to use some of my active and passive crypto earnings reinvesting them in some 'crypto moonshots' (See Original Post). We are now over a month later and it's time for an update on how things are going...
I couldn't have started this portfolio at a worse time as it didn't take long for there to be a major Altcoin selloff which corrected most prices by over 50%. I don't mind so much the swings and plan to just continue to cost-average my way in. The original plan was to buy for around 50$ a week systematically which proved to be harder than imagined. My passive lending earnings (See Post) I tend to keep in place because I don't want to face withdraw fees or gas costs that make no sense. I have also been a bit more focused on buying some more coins that bring passive income like WIN | LEOM | SPT. I did just buy extra on some of the coins I already had in this portfolio as they really dropped hard.
This is how the ones I Bought on September 4th got totally crushed...
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I haven't added all too much since the initial purchases. I did get some xDai (STAKE) on Hotbit in the 2nd week which I paid 25$ for. There is a lot of buzz around it as one of the most viable 2nd layer scaling solutions for Ethereum. The price also more than halved since and I'm looking to buy some more. It is quite hard to do on Hotbit without pushing the price up because of the low liquidity. The transaction fees on Uniswap also make it impossible to buy these low amounts. I also added some on both my Polkadot and Energy Web Tokens.
Total Buys so far look like this
Crypto Earnings Altcoin Investment Portfolio (15/10/2020)
| Coin | Amount | Price USD | Price BTC | Total |
|---|---|---|---|---|
| Polkadot (DOT) | 15 | 4.15$ | 0.00036168 | 62.10$ |
| Energy Web Token (EWT) | 10 | 10.38$ | 0.00099470 | 69.30$ |
| Utrust (UTK) | 300 | 0.146459$ | 0.00001391 | 39.30$ |
| OriginTrail (TRAC) | 250 | 0.201515$ | 0.00001911 | 27.5$ |
| Selfkey (KEY) | 6500 | 0.003058$ | 0.00000029 | 11.54$ |
| xDai (STAKE) | 5 | 12.470$ | 0.00108666 | 62.35$ |
| - | - | - | - | 272.25$ |
| Total Invested $ | Total Now $ | Return |
|---|---|---|
| 357.20$ | 272.25$ | -23.78% |
| Total Invested BTC | Total Now $ | Return |
| 0.033110768 | 0.0369505 | -28.44% |
I will continue to look out for some more coins to add in the coming weeks or to cost-average more into some of the ones I already own. I'll likely bring the next update during the next international break.
Crypto Exchanges that I am using...
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Important: By no means take this post and these coins as investment advice. Rather see these posts as entertainment or motivation to possibly start your own altcoin portfolio.
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