Ok, so this is a bit late but I decided that because of how late was my previous report I will do it a week later... which eventually lead to a bit of further delays, but anyway here it is. And this time it also contains some new coins and another catch-upt purchase (though only one). But without further ado let's go to the report for Great DCA experiment
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 - and current portfolio value
So, for the next 10 weeks covered by that record the situation on market was very bearish, which mean it was a good opportunity to accumulate. And previous orderal with FTX exchange make a big drop in whole crypto markets... though as I see it mostly affect altcoins. Even though Bitcoin also is very low now, with price sitting about 16k$ for the most time, similar with ETH price which also is rather stable at about 1100$-1200$ - well generally are prices are low, so now also my entire portfolio isn't doing well and from some time I'm even on loses as is presented by this chart(showing my portfolio value in time):
The bright greenish part at the bottom is the value of money invested, and the bright bluish on top is value of the portfolio. The most important part is in the middle, and is blue on gains and red on losses. Which will probably stay with me for quite some time... but I'm patient and I believe crypto will recover in some time and we get another bull market... and who know how much it will skyrocket then... but for now it's just time to accumulate.
But this situation was to be expected, and I don't consider about ~41% losses (the value of all coins in my portfolio bought till this report is now about 1149€ out of 1950€ in total invested) such a bad result in the current situation. Especially considering that the whole market is generally at way bigger losses (some coins dropped quite a lot, like even over 90% compared to the previous year) and how now - after the FTX incident - the losses are actually smaller than two reports ago(two because of how late was the last one, and thus I couldn't really do meaningful comparison), when they were about 55%
And how are my coins performing relative to each other?
Well two reports ago it was 35.96% - 31.04% - 33% split for Bitcoin - Ethereum - Altcoins but now it changed to 33.11% - 34.14% - 32.75%.
Much more even distribution(as can somewhat be seen on the chart above), which means bigger loses to Bitcoin, which lose almost 3 p.p., Ethereum on the other hand gained almost the same, altcoins barely changed. My biggest of them are now:
BNB: 5.76%- 6 purchases;
ATOM: 4.30% - 6 purchases;
MATIC: 3.67% - 4 purchases;
STX: 3.42% - 7 purchases.
This look especially good for MATIC which, when taking the amount of the purchases into consideration performs almost as well as BNB. Stacks with its almost twice as many purchases as MATIC has a slightly smaller share than it. But still beats another of the most bought coins DOT with its 6 purchases but just a 2.2% share in the portfolio(still not this bad in general). As far as good performance of these coins is not so surprising (they are 17.15% of the entire portfolio, so over half of altcoins. And with DOT that percentage raises to 19.35%) but the fact that altcoins still make up a third part of the portfolio - precisely 32,75% - may seem weird at first glance. But as I was looking at the market's behavior I noticed how big a blow bitcoin recived with all the commotion in the already bear market, and how it isn't much rising up again. Altcoins... well they get massive drops in price, but recently the situation seems rather calm, and the price stay stable, so still they don't do this bad in relation to bitcoin. Ethereum on the other hand... well recently did small rise up - to over 1250$, despite for most of the time being around 1100$, and unlike Bitcoin it has been in worse situations in last 20 weeks(when it even drop below 1000$, but now? Worst I've seen (or best to buy) was about 1000$). This seems pretty consistent with what I see on my portfolio coins' chart.
[disclaimer: that part was done at 30 November, I know now Bitcoin rose up a bit more]
New coins: FIL and KNC. More accumulation of ENJ, STX, SOL, BNB, ALGO, GRT and MANA
As the market is bearish now, my current purchases are still focused mostly on the fact for what coin there is best opportunity, but as it is for many in most cases I try to keep my purchases to these I consider most important in my portfolio, and most safe investment. Still I had add 2 new projects, both of which I have considered from quite some time and finally decided that there was a good opportunity to buy them.
This time start of another reporting period - 51st week - means another new coin in my portfolio, It was FileCoin(FIL) -more exactly 6,37 units of it - and what is it? It's a decentralized storage network, so basicaly a decentralized cloud storage, an open market for it. It's a kind of project I didn't really have yet in my portfolio and one which may have really bright future - as I would say there really is a need for solution like that, considering cloud storage is pretty much oligopolized by Google and Amazon. Which also means it's kind of a project that I would personally want to support. You can learn more about it on its official website. And I must say it's doing quite well now. I managed to buy it on such low price that now I'm on profits (150% - but it's not this big part of my portfolio yet as it was just one single purchase) with that one.
52nd week was time to buy 21 more ENJ coins - as a gaming ecosystem I consider it actually important and there was good price opportunity. Also I still didn't have much of purchases as this was only my 4th
It's always good time to buy som stacks, and thus at 53rd week I bought 31 STX. As You seen previously I have already 7 purchases but it's because I also do another one in that period so this was my 6th. And why I like stacks so much? Because stacking it earns You BITCOINs. This also make me willing to increase it's amount kinda sooner than other coins.
54th week was another for first of two purchases in that perion but this time it was 0.32 SOL. I know there are some doubts about Solana now, but considering it's strong community and network effect I think it will be able to overcome the hardship and will be among this coins which remain important in next cycles.
55th week was the second time I decided to go with new coin, a Kyber Networ Crystal, or KNC for short. And I menaged to buy 9,5 of it... of course now I could buy even more, but still not so bad purchase. As this is entire ecosystem a defi platform and a liquidity hub. So it's rather to be expectad that it will be used, and with usability comes value, and with value... comes price. At least in the long term it should. If You wanna learn more You can check out Kyber Network official website. There are also some informative video on it at Binance, where You can register with my refferal link If YOu don't have account already.
And as I already said about BNB I always think it's good to acumulate their token BNB - as this is not only token of biggest crypto centralized exchange but also of a blockchain ecosystem - so I did it at 56th week by purchasint 0,037 of it. .It also bring it to second most bought coins with 6 purchases. Well at that time 6 purchases still gave all coins with it 1st place.
57th week open good opportunity to buy a somewhat big quantity of 30 ALGO (well now its price is even lower so I may soon make another purchase...) bringing it amont coins with 5 purchases. And rightfully so, as this is well developing chain which also is connected with Bitcoin and has some good recognition by some countries (it's widely used in San Salvador for their banking system)
At 58th week I returned to one almost forgotten coin in my portfolio and bought GRT for the second time at almost half the previous price. And I think I'm likely to do some more purchases of it, as being indexing system for blockchain, which mean it make easier to querry blockchains is quite an important function, and with development of this technology such tools will be more and more needed. You can also read more about it there.
And saying about important system and new technologies we can't forget Decentraland, probably most important metaverse (and metavers is one of important new technologies connected to crypto and blockchain... well there is some fear it may turned out to be tool of globalists in the end and considering Decentraland connection to Facebook it doesn't seem so unthinkable but I still hope it won't be the case) - thus at 59th week I bought another 16 MANA, which make it join the group of coins with 5 purchases.
It aslo just happens so, that my only catch-up purchase was before last regular purchase of thaat week. This time it was 0,81 SOL - quite more than the previous purchase as this coin dropped really low (lower than it is now) but as I say I think there are reasons to have hope it will recover and still be important assets in the future... though considering it was 5th purchase already I think I won't do next one before learning more about the last issues surronding it, and then decide if I wanna to continue accumulating more of it or focus more on other safer projects.
And the last, 60th week. At that time - close to the catch-up purchase - I managed to buy stacks at incredibly low price of 0.2€ (well actually beside 50 STX for portfolio I also bought additional 10) - this was just to good opportunity to let it go. And it made STX my single most often purchased coin with 7 purchases. Also I have so much of it already that I think I will soon have to transfer some of it to external wallet, when I will be able to stack it myself as I have already too much to fully use best Binance offer for it.
Plans for the nearest future
Well first of all I wanna say that my blog here on Publish0x has reached 50 followers, and for that I'm very gratefull. And I will try publish soon my introductory post to fandom and culture related blog. And as it goes for crypto I have plan to make a summary of what 10 altcoins in myportfolio I consider as having the most chances of being these ones which will stand the test of time. I think I will do such summaries every year, and this way I will be able to document both my view on the matter and how situation changed in upcoming years. Also I want to make a series of posts in which I will take a closer and more deep look at specific altcoins in my portfolio, one at a time.
...but it can be not so soon, almost surely not at this weekend, because at this weekend I go on advent spiritual retreat, so I won't have time for it. And have quite a lot of plans - not only some Christmass preparations (it's advent already after all), cleaning-up my room etc. but also things like finaly start publishing my stories a new... so it's quite much work before me, but not so small part of this is work I really look forward to.
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