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100$ Split Into Top 10 Cryptocurrencies Every Week. Week #43

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Written by   57
3 months ago

Intro

This week has been a little better, but we are still in a bear market and the portfolio is down quite a lot overall. As always we keep holding strong and buying the dip. Waiting for the market sentiment to change once again. 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 # 43 - DOWN 33.81%

Pre-purchases

Total value: 2,779.82$

Total invested: 4200$

Profit/Loss: -1,420.18$

Portfolio vs BTC:

Overall:

Portfolio: -33.81%

BTC(same period): -30.5%

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -33.81%

S&P500 YTD: -21.3%

Biggest winners of the week:

1.MATIC - 10%

2.STETH - 2.3%

3.ETH - 2.2%

Biggest losers of the week:

1.DOT - -5.8%

2.SOL - -5.5%

3.XRP - -4.3%

Week #43 - pie chart

Pie chart of holdings before acquisitions.

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

Changes in Top 10:

MATIC +1
SHIB out
STETH in

Purchases - 100$

1.BTC +0.0005185 Price $19293.86

2.ETH +0.00747 Price $1338.48

3.BNB +0.03655 Price $273.72

4.XRP +22.03 Price $0.453957

5.ADA +27.8 Price $0.359847

6.SOL +0.3304 Price $28.61

7.DOGE +168.1 Price $0.059467

8.DOT +1.71 Price $5.85

9.MATIC +11.35 Price $0.881436

10.STETH +0.00748 Price $1337.42

Portfolio after purchases:

Total value: 2,885.12$

Total invested: 4300$

Profit/Loss: -1,414.92$

%Change: -32.9%

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
3 months ago
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Comments

Which crypto coin would you recommend for GPU mining, help!

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3 months ago

I am not mining myself. but have heard good things about ergo

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2 months ago