100$ Split Into Top 10 Cryptocurrencies Every Week. Week #38 - Painful Week
Intro
I've used to seeing the markets down. Nevertheless, weeks like this are painful. Everything is down once again. And our progress towards break-even has been reset. But in the long run days like this will be the best times to buy. We are gonna keep holding, and waiting for the return of the bull market.
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 # 38 - DOWN 39.75%
Pre-purchases
Total value: 2,229.20$
Total invested: 3700$
Profit/Loss: -1,470.82$
Portfolio vs BTC:
Overall:
Portfolio: -39.75%
BTC(same period): -37.66%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -39.75%
S&P500 YTD: -18.7%
Biggest winners of the week:
1.XRP - -2.2%
2.TRX - -6.9%
3.SOL - -11.3%
Biggest losers of the week:
1.ETH - -26.7%
2.STETH - -25.1%
3.DOT - -20.2%
Week #38 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
DOT +1 position
DOGE -1 position
Purchases - 100$
1.BTC +0.0005424 Price $18434.02
2.ETH +0.00769 Price $1300.84
3.BNB +0.0387 Price $258.35
4.XRP +28.54 Price $0.350557
5.ADA +22.78 Price $0.439119
6.SOL +0.32 Price $31.24
7.DOGE +176.3 Price $0.056734
8.DOT +1.613 Price $6.20
9.SHIB +929998 Price $0.00001075
10.STETH +0.00774 Price $1292.53
Portfolio after purchases:
Total value: 2,345.20$
Total invested: 3800$
Profit/Loss: -1,454.83$
%Change: -38.28%
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!
One last thing
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