100$ Split Into Top 10 Cryptocurrencies Every Week. Week #27 - Losing streak
Intro
We have been doing this for a little bit more than half of a year. And so far we have lost a little bit more than half of the money invested. But I still believe this will work out fine in the long run. And we will see some handsome profits when the market sentiment finally changes. It may take quite a while. But I am here to stay.
Previous 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 # 27 - DOWN 51.79%
Pre-purchases
Total value: 1,253.51$
Total invested: 2600$
Profit/Loss: -1,346.56$
Portfolio vs BTC:
Overall:
Portfolio: -51.79%
BTC(same period): -45.3%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -51.79%
S&P500 YTD: -19.7%
Biggest winners of the week:
1.TRX - 1.4%
2.BNB - -7.3%
3.ADA - -8.6%
Biggest losers of the week:
1.SOL - -16.6%
2.AVAX - -15.1%
3.DOT - -14.3%
Week #27 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
SHIB -1
TRX +1
Purchases - 100$
1.BTC +0.0005215 Price $19168.22
2.ETH +0.00949 Price $1053.50
3.BNB +0.046 Price $217.29
4.XRP +31.38 Price $0.318567
5.ADA +22.28 Price $0.448766
6.SOL +0.3025 Price $33.05
7.DOGE +150.7 Price $0.066343
8.DOT +1.488 Price $6.72
9.TRX +151.7 Price $0.065911
10.SHIB +991770 Price $0.00001008
Portfolio after purchases:
Total value: 1,352.78$
Total invested: 2700$
Profit/Loss: -1,347.26$
%Change: -49.9%
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!
