Great DCA experiment - report X (weeks 24-27)

By Lyokoheros | Great DCA experiment | 20 Jan 2022


And now I'm late again. I'm sorry for that, but right after Christmas I get sick, and sometime after it turned out I got Covid... it wasn't that bad actually, just slightly worse than usual flue - it got me chained to a bed for like 3-4 days instead of the normal 2. But I was considerably weaker and get tired more easily for a while and even until now some symptoms don't wanna leave me... mostly irritating coughing, but as the doctor said it's normal it can stay a bit so, and that I already can return at university.... anyway I had a few things to catch up there and wasn't very capable of doing this, which also caused this blog post to be delayed. But now, let's go for the report. (But considering my current  situation I wouldn't be so much elaborating on anything, I hope You'll understand)

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 Your own finance and any risk You take!)

Base investment - BTC and ETH - and current portfolio value

The downtrend seems to continue, and albeit there were some recaptures (do I use the correct word? I'm not sure, I mean prices were starting to rise again) here and there but nothing major, as bitcoin, still keeps at ~40k$ (well, that quite rough estimation but for the matter of the big picture it's enough). And for what I heard it may last a while, some more pessimistic prediction says we may hit 30k$, but other claims that we will first reach about 50$ again... and then of course before us there still is (well at least I think it is going to happen sooner or later before the current cycle ends, but of course I can be wrong) this major surge to 150k$ or even a 2 times more (some says about 500k$, but I think that may be exaggeration). 

Ethereum's current situation is similar, so more or less I was able to consequently buy more and more on each weekend for my planned 10€, and when we say about my portfolio value... it isn't going so well, I mean I still have profits but now it's only about 95€ (quite noticeable decrease since last report's 226€) - from 810 invested (so as You may guess I didn't count purchases from the last week as I said it will be now). 

As for the coins performance, Bitcoin's contribution to portfolio value slightly increase - to  27,06%, which is almost regaining levels from 2 reports ago - for the Ethereum it is now 28.87%(almost 3 p.p. decrease), which means 44,07% of the value is made by altcoins, so it increased again. 

This mean of course I have now losses on Bitcoin and Ethereum. In the matter of altcoin I have loses no on 7 of them (from slightest to biggest loses these are: DOT, ALGO, ADA, ICP, KDA, COMP, DAR), but Luna still has about 383% profit and Solana has about 123%. About 87% from Avax is also good gain. Other have about 50% profit (Matic, BNB and ENJ), rest of them are not even a half of that (these are from biggest to lowest profit: ATOM, LINK, STX and MANA ) 

New Altcoin ALGO and DOT, more accumulation of MANA

At 24th and 25th week I buy ALGO. It was hearing good things about it for some time, and also it's - similarly to stack - a chain which brings more usability to Bitcoin, as was kinda explained in this article on Publish0x.

26th week was time I decided to accumulate more of MANA, as it seems like a good moment to buy it. Also it made to the Swissborg app, which IMO is good sign for both, MANA and Swissborg.

At 27th week I decide to finally buy some DOT. It was on Swissborg (so again the same go sign as for MANA), so it was very convenient for me, and also now it was (and still kinda is) somewhat low. At least lover than when I first time buy it. Once I even wanted to make this crypto alone 10% of my portfolio (alongside 40% of BTC, 30% of ETH and 20% for other Altcoins), and while now I'm not this hyped for it still seems very promising assets, as was elaborated quite recently on Jarzombek's Youtube channel (I know You probably don't get much of it if You don't speak Polish, but here's the report he was basing his video on, it's also the 3rd link in the description), it's mainly about network effect (which I may elaborate further in future post if You want too), which also shows me some indication which new coins are likely to be new investment and ensure me on some of my previous investment decision.

Near future

For now I have pretty much to do in University, to pass this semester... or rather as big part of it as I could. No time to explain in details, but long story short: due to actions I had to take to be able to pass that one subject from the university (which I have to finish in order to be able to continue studies)... I had lost my chance of passing some of the current subjects, so I won't finish my last semester now... anyway to finish with as much as it's possible I would need some time in upcoming weeks...

Also as I don't have a job anymore for a few months... (which is longer than I initially expected, but just too many things hold me back) so I'm not sure if I can continue the DCA project right now. I mean for my current situation 30€ becomes quite much for me. I did the purchase last week, but now it's very likely I would skip a few. And thew wouldn't be count of course, so it may be that it won't be published on 4-5 February but even a few weeks later. But If I would get a stable source of income yet, and price would be really good I may even just make a "catch-up purchase" for these weeks, so You won't have to wait this long (albeit I don't think I could get my first salary before end of the February, and that date is a very optimistic assumption actually...). 

Also any new blog post won't arrive sooner than on February... but I must say I have ideas for just so many of them... actually both - crypto and fandom related stuff - and I can't wait until I will have time to write them!

But for now just wish me luck (or even better pray for me - I know it may be asking for quite a lot, as most of You don't even know me... but I assure You I will be very gratefull, and I'll pray for God's blessing for You too!) with the projects and exams, and of course finding new job.

My referral links

HoneyGain:
https://r.honeygain.me/MACIEC06C9 

Freebitcoin:
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Cointiply:
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Timebucks:
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Exchanges(and alike): 
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https://join.swissborg.com/r/maciejLYZX make a deposit worth 150€ and receive from 2€ up to even 300€ in exchange currency

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https://www.binance.com/en/register?ref=UVN9AF39 - with 5% Commission Kickback Rate for You!

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https://www.kucoin.com/ucenter/signup?rcode=rJJKGMW 

...and Publish0x itself: https://www.publish0x.com?a=X7axOPneyv - honestly if You don't have an account here yet it's high time to register! And just Facebook or Twitter account is all You need for that!

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