100$ split into top 10 cryptocurrencies every week. WEEK #4 - 25% DOWN
I originally posted this on Publish0x.
Intro
A harsh time to start my experiment, another week of big losses in the overall crypto market, and in my experimental portfolio. But hopefully, this brings an opportunity to buy more at a discounted price point. Last week for the first time we briefly entered the green territory, but we are back in the red zone now.
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 # 04 - Down -25.96%
Pre-purchases
Total value: 222.09$
Total invested: 300$
Profit/Loss: 77.91$
Biggest winners of the week:
This week there are no winners, but coins that lost the least are:
1.ADA - -16.8%
2.BTC - -18.1%
3.XRP - -22.3%
Biggest losers of the week:
The pain is real:
1.SOL - -34.8%
2.DOT - -34.6%
3.AVAX - -34.0%
Week #3 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
ADA +1 position
SOL -1 position
Purchases - 100$
1.BTC +0.000283 Price $35324.94
2.ETH +0.00412 Price $2426.39
3.BNB +0.0271 Price $368.90
4.ADA +9.35 Price $1.07 +1 Position
5.SOL +0.1039 Price $96.24 - 1 Position
6.XRP +16.50 Price $0.606020
7.DOT +0.549 Price $18.21
8.LUNA +0.1507 Price $66.34
9.DOGE +72.5 Price $0.137894
10.AVAX +0.1634 Price $61.22
Portfolio after purchases:
Total value: 321.15$
Total invested: 400$
Profit/Loss: -78.75$
%Change: -19.7%
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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Although the markets are in a downtrend, the loss is not too big! Considering that the markets are back to normal, I think it will be a successful experiment.