read.cash is a platform where you could earn money (total earned by users so far: $ 797,217.44).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Takes one minute, no documents required
100$ Split Into Top 10 Cryptocurrencies Every Week. Week #19 - Pain
The portfolio is down almost 20%. But it's not a crypto-only phenomenon. The stock market is also down. The whole world is shaken by uncertainty. Is a recession coming? No one can predict that for sure. But if we look at history the markets have always reached new all-time highs sooner or later. So I still see this as a good time to buy. If this turns out to be the time of peak fear it is a great time. But even if we are going lower. I am ready to endure the pain. Because pain is temporary but glory lasts forever.
Starting from this week I will also be including a comparison with the S&P500 index fund.
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.
Although last week the experimental Top10 crypto portfolio had an edge over the S&P500, this week the tables have turned. And the extra volatility in the cryptospace has brought our portfolio to new lows.
Biggest winners of the week:
Only red this week, and these lost the least. Cardano has done exceptionally not bad this week. We haven't seen this coin on the winner's list for a while. Maybe the bottom is close for Cardano.