100$ Split Into Top 10 Cryptocurrencies Every Week. Week #31 Getting Better

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1 year ago


Seven months and 30 weeks behind us. 3000$ invested and we are more than 30% down currently. But I've seen worse and during this time my skin has grown thick to the volatility of crypto markets. And if there's a larger bull run, which I am not expecting anytime soon, I am sure all of this effort and time will pay off handsomely. But for now we wait, endure the paying and keep hodling.

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 # 31 - DOWN 32.76%


Total value: 2,017.31$

Total invested: 3000$

Profit/Loss: -982.74$

Portfolio vs BTC:


Portfolio: -32.76%

BTC(same period): -27.89%

The gap between the performance of BTC and the experimental portfolio is shrinking.

Portfolio vs the S&P500 YTD:


Portfolio: -32.76%

S&P500 YTD: -13.3%

Biggest winners of the week:

1.DOT - 15.7%

2.BNB - 9.1%

3.XRP - 5.8%

Biggest losers of the week:

1.AVAX - -1.4%

2.ADA - 0.3%

3.DOGE - 0.9%

Week #31 - pie chart

Pie chart of holdings before acquisitions.

List of Top 10 cryptocurrencies and their prices at the moment.

Changes in Top 10:

DOGE - 1

DOT +1

Purchases - 100$

1.BTC +0.00043 Price $23246.35

2.ETH +0.00603 Price $1658.84

3.BNB +0.03516 Price $284.28

4.XRP +26.65 Price $0.375242

5.ADA +19.6 Price $0.510150

6.SOL +0.2388 Price $41.87

7.DOT +1.186 Price $8.43

8.DOGE +146.8 Price $0.068093

9.MATIC +11.13 Price $0.898560

10.SHIB +838000 Price $0.00001193

Portfolio after purchases:

Total value: 2,094.65$

Total invested: 3100$

Profit/Loss: -1,005.37$

%Change: -32.43%

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!

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1 year ago