Investing Experiment 4: The Bears Can't Be Stopped!

0 36
Avatar for HodlerTurker
2 years ago

We have come to the end of the 4th month of the experiment. I think we've seen everything except a meteorite falling on our heads. When I started the experiment, I was unaware that we were diving into a huge bear market. It doesn't take a month for us to make a profit and smile. This month was not as good as the previous month and we lost more. Even those who say "this is just a correction" to the situation we have been in last month have admitted that we are in a bear market.

We've now come to a ridiculous period where people are constantly saying "Huge buying opportunity" or "We're going to see $100k by the end of the year". However, we continue to sink. It's time to stay calm and take a look at our losses this month. Let's start!

Let's start with the statistics for the fourth month first:

For the fourth month I want to check these criterias again:

Has the 3-month rate of return surpassed Bitcoin?

5/12

Are we at a profit or a loss with this compilation?

We got 260,08$ loss.

Is it more profitable to invest in bitcoin alone or is it more profitable to invest in mixed?

For the fourth month, bitcoin made less loss than mixed portfolio.

What are the top winning and biggest losing cryptos?

For the second month, our top winner is Helium(HNT)[53,31$ profit] and our biggest loser is Verge(XVG)[50,56$ loss] again.

Frankly, there isn't much to say. The bear market is eating us all. Those who have the money to buy from the dip, filling their bags. Those who have already invested all their money can do nothing but watch this market. If you can't do anything, don't bother. What can we do but wish the next month will be better?

At the end of my article, I would like to remind you; The contents of this article are not investment advice. Always do your own research. Have a nice day.

1
$ 0.07
$ 0.07 from @TheRandomRewarder
Avatar for HodlerTurker
2 years ago

Comments