Great DCA experiment - report III (week 7-8)

By Lyokoheros | Great DCA experiment | 23 Aug 2021


So... I'm a bit late with this report... well kinda because until very lately yesterday I didn't find time to make the investment and write it... and today have work till 17.00 (I prefer to use 24-hour clock as it feels a lot more natural to me). But it finally is here. And sorry it will be short again. And it seems that I won't return to weekly updates right now but... the next report will have something special.

Also if You don't know what I mean and what this Great DCA experiment is You can check out the introductory post. (Also remember it's not financial advice - You are the only one responsible for You ore finance and any risk You take!)

Base investment - BTC and ETH - and current portfolio value

This time I start a little bit different, so from how good time it was to buy ETH and BTC. Well not surprisingly for ETH it was worse than 2 weeks a go... but still yesterday was a slightly better time than a week ago as I did buy somewhat more ETH from my 10€ (though about 0.00002 isn't that much), but for BTC it was kinda different. For now, it seems like with almost every week it becomes "worse and worse" time to buy (the difference also wasn't that dramatic: 0.000014 BTC) - though on the bright side it just meant a somewhat stable increase of value, at least looking at recent few weeks. Hard to say how long it will go like that... Will we have some major dump before skyrocketing to prices beyond 100k$? Hard to say, but if so I would certainly accumulate something more... even without this last skyrocketing in this cycle I think this will be profitable in the end. 

But how profitable it is now? Well first of all BTC performs... the worst. Only slightly above 25% gains. For Ethereum is it just slightly better (almost 4€ gain more on 80€ invested), with the total percentage of portfolio value being 30.46% and 31.61% for BTC and ETH respectively. This means that altcoins, in general, perform better making up almost 38% of the entire portfolio value. Best performer is Solana, with 26€ of profit from 10€ invested - that's 160%! Luna is just slightly worse giving 13€ profits... which wouldn't be so close to Solana's performance with 20€ invested... except that the last 10€ comes from Yesterday. Another noticeable coin is BNB, which - despite the whole ruckus and FUD surrounding it now... - gives me 50% returns. Others have lesser gains, but still a few dozens percent. Worse for now is matic with just 9% of gain... but it's the newest coin in my collection. With overall gain around 100€ for 240€ invested. Not bad if I say so myself...

The new  Altcoin: Matic and more Luna accumulation

As You probably guessed my newest purchases were Matic and Luna. In that exact order. 

Week ago I decided to buy some Matic. It may not be best possible time for that but i decided it is high time. Matic has cheap transactions, which make it very useful blockchain to use. Also there is much of talking now about NFTs and blockchain gaming being the future of crypto economy... for many reasons I'm not that big fan of that actually (the reasons - partially coming from my style of playing and partially from more moral issues - for that are beyond scope of that post, but I can make separate post about it if You are interested), also investing in NFTs seems pretty much like a lottery. I mean many can skyrocketing right now, but how to know which one will survive trial of time? It's almost impossible to say, making them extremely risky as long term investment (yeah they can be very profitable, but will they really be so? There is no such things like great profits without risk after all...). But why I did even bring that in the first place? Well my point is that coins used as currency in those games may benefit - maybe even greatly - from that, as such utility will increase the demand (at least if the game is successful), and I remembered reading once this article about some of announced promising crypto games. Two of them (including one of the three most interesting to me: Amber Sword) use Matic. For now Matic make just 9% profits to me, less than 1€ but... I still think it is a promising coin(after all those two games are yet to be released - so the impact they may have on its price is still yet to come). And who know, if it will remain at that level in next weekend I may as well buy some more. Or maybe more Solana, especially if it gets some price decreasing...

...as it was with Luna in last weekend. I mean the dropdown wasn't that big, but seeing it as good opportunity (and Luna as good coin to have in portfolio) I decided to accumulate some more. There isn't much more to talk here actually, especially that I mentioned some of Luna's advantages in previous raport.

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