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100$ Split Into Top 10 Cryptocurrencies Every Week. Week #39 - A bit better

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Written by   57
2 months ago

Intro

It's week 39. We are on week away from having invested $4000. And so far we are down quite a lot. The whole investing space is feeling pain this year. But could this turn out to be the golden buy-the-dip opportunity? I guess time will tell. For now, I will just keep doing what I am doing. And move forward with the experiment.

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 # 39 - DOWN 34.06%

Pre-purchases

Total value: 2,505.57$

Total invested: 3800$

Profit/Loss: -1,294.48$

Portfolio vs BTC:

Overall:

Portfolio: -34.06%

BTC(same period): -34.9%

Our portfolio is outperforming Bitcoin for the first time in a while.

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -34.06%

S&P500 YTD: -22.5%

Biggest winners of the week:

1.XRP - 32%

2.DOGE - 5.8%

3.SOL - 4.6%

Biggest losers of the week:

1.ETH - -2.8%

2.DOT - -2.6%

3.WBTC - -2.4%

Week #39 - pie chart

Pie chart of holdings before acquisitions.

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

Changes in Top 10:

no changes

Purchases - 100$

1.BTC +0.0005276 Price $18955.62

2.ETH +0.00768 Price $1301.96

3.BNB +0.0365 Price $274.05

4.XRP +21.06 Price $0.474646

5.ADA +22.5 Price $0.444395

6.SOL +0.307 Price $32.57

7.DOGE +163.8 Price $0.061032

8.DOT +1.59 Price $6.29

9.SHIB +903998 Price $0.00001106

10.STETH +0.007739 Price $1292.65

Portfolio after purchases:

Total value: 2,606.66$

Total invested: 3900$

Profit/Loss: -1,293.39$

%Change: -33.16%

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

If you enjoyed reading my work consider subscribing to get e-mails about my future writing on Medium - Sign up Here, or tipping me on Ko-Fi.

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Written by   57
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Comments

That's an interesting strategy. I'll be checking the progress every now and then.

$ 0.00
2 months ago

How much value did Ethereum lose after the merge?

$ 0.00
2 months ago

two weeks ago the price was about 1700 now its around 1300$

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2 months ago