100$ Split Into Top 10 Cryptocurrencies Every Week. Week #30 Had covid, missed a week
Intro
Last week I didn't post an update because I got covid and was feeling very sick. But I am much better now, and ready to get back to work. As I also didn't do the investing part. This week I am going to invest $200 to compensate for the last week. And we also have a new coin in the top 10 this week. Other than that no changes. Although I got covid and wasn't feeling to well, it looks like crypto space did quite good. And the losses are shrinking.
Previous update here.
About the experiment
Follow along my journey of investing 100$ 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 # 30 - DOWN 38.06%
Pre-purchases
Total value: 1,734.42$
Total invested: 2800$
Profit/Loss: -1,065.64$
Portfolio vs BTC:
Overall:
Portfolio: -38.6%
BTC(same period): -31.39%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -38.6%
S&P500 YTD: -19.6%
Biggest winners of the week:
1.STETH - 19.5%
2.ETH - 18.3%
3.ADA - 13.7%
Biggest losers of the week:
1.TRX - -2.0%
2.SOL - 3.5%
3.DOT - 3.6%
Week #30 - 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 OUT
MATIC IN
Purchases - 200$
1.BTC +0.000878 Price $22784.73
2.ETH +0.01247 Price $1603.66
3.BNB +0.07604 Price $262.96
4.XRP +55.1 Price $0.362991
5.ADA +38.56 Price $0.518573
6.SOL +0.4887 Price $40.93
7.DOGE +292.8 Price $0.068289
8.DOT +2.692 Price $7.43
9.MATIC +22.7 Price $0.880990
10.SHIB +1706100 Price $0.00001172
Portfolio after purchases:
Total value: 1,932.52$
Total invested: 3000$
Profit/Loss: -1,067.52$
%Change: -35.58%
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!