O gosh, this report is so much late that I had doubts about how much sense it makes to publish it... after all, AT this weekend I'm doing the last purchase for the next report... why it took so long? Well, many things happen... from my drunk, toxic father spitefully blowing fuses again (causing my PC to not be able to boot anymore... well it was somewhat old and already I had many trouble with booting it... but this killed it seemingly for good... I tried to turn it on again through about 2 weeks or more... changing the graphic card for some old one, booting in the integrated one... (the two elements which were most likely to cause the problem were the graphic card and power supply) well it turned on ONCE for a short while on the old graphic card(and shockingly immediately, not after few hours - sadly I'm not sarcastic there ), and I was happy it's good now, turned it off for the night... which was a mistake as it was the only time I succeeded) which happen at the same day I almost have this report (and some assets for that I had on my old computer, which I didn't have acces to because all that... but soon I'm finally buying a new one) and just have few things to add, through some family meetings, dilemmas about my university up to my recent illness in last... well about three weeks(and 4 weekends including current one). It wasn't very sHARSH but still, I can't make myself to finish that report and for the most time do anything constructive at all, for one week I thought I got better but then it began to worsen again... and I'm still not fully cured but at least can somehow function right now. But enough of that, let's go to the report itself. It will be a somewhat weird one perhaps, and some things will be cut down... but I still hope it will be of some value to You. And it will still be an important part of documenting my portfolio.
And if You don't know what I mean and what this Great DCA experiment is You can check out the introductory post. If You don't know what are these catch-up purchases check out "Catch-up purchases" section of this 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
So this section will be different than usual - as I didn't have any saved screenshots and judging performance in these 10 weeks by the current price doesn't make much sense... I will only tell you that during this time, when prices still were low, but not as low as currently, for most of the time I was being able to buy from somewhat about 0,0004 BTC to somewhat about 0,0005 BTC - which is way more stable than the previous week(~0,0003 to ~0,0006 BTC). Which is significantly less than what I'm able to buy now. With ETH it was the different situation... on the best week purchased 0,01 ETH, but despite some similarly successful purchases for most cases, it was just about 0,006 ETH. Which is similar to the quantities I buy now, the highest is even significantly bigger.
Not really much more to say now, besides the fact that I consider the current very low situation at the market to be somewhat temporary. I mean it will take some time for the market to recover, it may fall down even lower (or go sideways for a somewhat longer time now) before it recovers but I'm sure it will. Well Bitcoin and Ethereum sure will, for the rest of coins... I can't even be entirely sure for the one in my portfolio, though I still have some confidence in my choices and believe that most of them will be fine, and now can be one of the best buying opportunities in my crypto history (comparable maybe even with Corona Crach...) but still I will be rather focusing or on more safe projects. Of course, I can still be mistaken and even bitcoin can be zeroed... but I don't consider the chances of such a scenario big enough to even... well considering it.
And in the next report I won't be comparing performence of my coin with this one, but with the previous (XII) report.
Weeks of accumulation: DOT, STX, MANA, ALGO, ENJ, BNB, NEAR
In these 10 weeks covered by this report, I didn't buy any new coins. The market was low and for me more than time for experiments it was time to accumulate more of most important altcoins in my portfolio. Still, my decision on what to buy wasn't just about most important coins, it was resultant of it, amount of already made purchases and current prices. Most of the time there was great opportunity for just so many coins, that I didn't have time to buy some of the lesser ones. It was also only once make a catch-up purchase, though I admit I likely miss one or two opportunity.
(Also below when I say about "altcoins" - especially in terms like "most purchased altcoin" I purposedly EXCLUDE ETH from that category; other important note at this point price of € have been below $ at times, but still I can't buy for less than 10 BUSD on Binance, so it may happen that I would "exceed" the intended 10€ worth a bit... on the other hand I tend to exchange € for BUSD before hand and use exchange rate from that moment to calculate amount of BUSD which I use for single purchase - which may lead some prices to be slightly miscalculated, but this is a small mistake which didn't impact the whole project in long way. Not enough for me to care for that at least)
[also little note: all before 48th week purchase - including the previous paragraph - was actually written at time when this report was originally supposed to be published - a week after 50th purchase - as I think it will be overall better for documenting my portfolio and this experiment, which is main purpose of these reports]
41th week opens the list with DOT, cryptocurrency I consider important for quite a lot time already and have decent amount of purchases, but still I decided to make anotherh one - which was my best price on DOT, only ~6,13€! Also this wasn't my only purchase of DOT at that period (other was at 45th), so together it adds up to 6 purchases total, making DOT my most often bought altcoin in this portfolio.
42th week meant purchase of another importan crypto, this time on of these which bring more usability to bitcoin, and which also let me acumulate more bitcoin. I'm saying obviously about STX, which I stake for BTC. This was 4th purchase, already making it went to one of top places on my purchase amount list, and with another purchase 2 weeks later it reach a draw with ATOM at being second most purchased altcoin in the portfolio(with 5 purchases)
43th week was when I make my 3rd purchase of MANA, as this seems to be most important metaverse related token.
44th week was as I previously mention my second purchase of STX. It was important for me to quickly grab the opportunity not only because I think it's a good crypto but also because the sooner I accumulate more, the more BTC I will be able to accumulate. Though with 5 purchases total I think it would be easy for some crypto to get higher buying-priority than STX has. Still I will be always checking for good prices to buy it.
45th week was second purchase of DOT in this period (and 6th purchase total) this time price wasn't THIS great, but still very good(~8,27€), so I decided to use this opportunity before it ends... well now the price is even a bit better (~7,68€), so who knows, maybe I will buy it again in next period... though I have also a lot of other important coins to buy.
46th week was time to buy more ALGO. This is the token I grow to apreciate more and more, especially considering how much development it has. For example now it tries to introduce a inter-chain communication solution which could be successor for bridges. It also has important connection with bitcoin, it's one of project which bring more usability to it (which was what gets me interested in that coin in the first place). This was my 4th purchase of that coin (total, and only one in this period) - with price a tiny bit better (2 cents, which is about 15% of price though) than last time but still
47th week was when I returned to one coin I didn't buy for a long time. Partially because I get misinformed about it once. I mean ENJ. I heard about it being token mainly for gambling... a thing which I'm totally agains, and which I DON'T WANT to support. This make me hesitant to buy it despite quite good price. But then I checked and it turns out my previous knowledge that it's ecosystem for gaming (which in general is a thing I would like to support) was correct and I also learned it is created by Pole (so my compatriot) made me regain interest in that coin, and even increased its importance in my eyes (I like to support Polish projects). So when it drops to about 0,70€ - below half of my previous average price - I just have to grab this opportunity and a purchase - 3rd for now but I will certainly look for another opportunity. Considering it is now at price about 0,5€ it may be on any of my next purchases...
48th week was time when I finally get perfect opportunity to buy probably one of the most importan altcoins. I mean BNB, which as I previously said is very stable in this very volatile environment we have now. Still I haven't a lot of its purchases before, this was just my 4th, and then in 50th week I closed this period with another purchase - which advanced BNB to 2nd most purchased altcoins. Considering it's importance I will still try to catch another opportunity to buy it.
49th week was the time when I decide I need more of the new token from previous period NEAR... price wasn't as great as when I first time buy it (1,77$, so over 2 times less than initial 3,8$ - so current (actually current - that was write later, not just week after 50th purchase) price is actually between these)
Next was my catch-up MANA purchase. As news about MANA usability seems to arise I decide it's time to accumulate more of that coin. As this is main (and really the only) representant of meta-verse on my portfolio it will probably stays as one of main coin in my portfolio, and surely be in the more important half of altcoins. And as prices for it and BTC and ETH were good at this point (or at least seemed so) it was time to make catch-up purchase.
The finishing purchase for that report (50th) was BNB, I have quite a dilemma on what to buy, so I decided to go for that one, one of most stable altcoins in my portfolio and investment comparably sure to ETH. After all BNB is coin of both own blockchain and Binance exchange, making it this good investment. Also this was my 5 purchase making its place among 2nd most purchased altcoins, maybe only at 3rd best price, but 270,27$ is still pretty good price for BNB.
What's with another posts
Well, sadly my predictions about how much time I'll have and how good I'll be able to handle it... even writing that post take me way longer than I did expect(waaaay longer)... I had to sort out some things in my head about what I want to write, and things in my life, and more often than not I couldn't make myself to do it... which kinda applies to future posts too(well at least the part about sorting thing out... and I have a ton of ideas... so I only hope I'll find time and strength to execute these ideas soon). Also... there still are at least a few issues in my private life that kinda brings me down. And short time before I was originally supposed to publich it, I already have to kinda suspend some of my fandom/personal projects... I was even initially going to write that I have some other crises in the last few weeks but actually... the longer I think about it the more I think that for some years already it's not like I got one crisis after another, but like I'm constantly in crisis with just some short breaks...
But enough of this depressive talk.
I really need to finally bring myself to go for therapy and take up myself more, and prioritize that... so hopefully in the long run I will be able to deliver more quality content and really do it more often or at least really regularly. (Well I wrote that part already when I was initially supposed to publish it... and still didn't realize it.)
But it also means You'll (still) have to wait some time longer. I know I could just say I'll try to start these new posts (that apply to both crypto- and non-crypto blog posts) in a week or two, but... despite I will try to push things forward I just can't promise anything. You know, I prefer to be honest instead of disappointing You with unsure promises... again. I hope You'll understand.
So till the next post! Whatever and whenever it will be.
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