Intro
For the most part of the year, the crypto markets have been down. But lately we have seen some uptrends. And it feels nice to finally see some green. And some improvements in the portfolio. It's been a long rollercoaster of a ride. And I will keep going at least until the end of the year. And Hodling way past that. Last week's update here.
About the experiment
Follow along my journey of investing 100$ every week split equally into the Top 10 cryptocurrencies at the time. I will post updates about the overall growth of my experimental portfolio as well as some insights about the biggest winners and losers of the portfolio.I am not including stablecoins in my experiment, and will not be staking or earning interest on any cryptocurrency in this experimental portfolio. The purpose of this experiment is to see if investing weekly in Top 10 cryptocurrencies is a feasible long-term investment strategy and to measure it against other common strategies. For the purposes of this experiment, I will also not take into account trading fees, so I can invest an equal amount of dollar value into each of the cryptocurrencies.
Week # 45 - DOWN 18.05%
Pre-purchases
Total value: 3,605.69$
Total invested: 4400$
Profit/Loss: -794.34$
Portfolio vs BTC:
Overall:
Portfolio: -18.05%
BTC(same period): -24%
We are still ahead of Bitcoin.
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -18.05%
S&P500 YTD: -20.9%
Our portfolio is currently in the lead.
Biggest winners of the week:
1.MATIC - 31.5%
2.BNB - 5.7%
3.XRP - 2.5%
Biggest losers of the week:
1.SOL - -6.0%
2.DOGE - -4.3%
3.STETH - -2.1%
Week #45 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
no changes
Purchases - 100$
1.BTC +0.000482 Price $20738.22
2.ETH +0.006376 Price $1568.28
3.BNB +0.03016 Price $331.47
4.XRP +21.36 Price $0.468093
5.DOGE +87.1 Price $0.114856
6.ADA +24.67 Price $0.405310
7.SOL +0.3195 Price $31.31
8.MATIC +8.4 Price $1.19
9.DOT +1.48 Price $6.76
10.STETH +0.006376 Price $1568.53
Portfolio after purchases:
Total value: 3,700.48$
Total invested: 4500$
Profit/Loss: -799.58$
%Change: -17.77%
Pie chart after purchases:
Stay tuned for an update next week!
I will post an update of:
- Overall value change of portfolio
- My weekly purchase
- Changes in Top 10 cryptocurrency list
- Biggest gainers and losers of portfolio
Thank you for reading!
Feel free to comment and leave some feedback.
Good luck with your investments! Let the money do the work!
One last thing
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