As I announced before it's time to start something I called "great DCA experiment". Though I don't consider it as much of an experiment as the result isn't very uncertain... but without further ado...

What is DCA and what inspired this experiment

First of all - for those, who for whatever reason don't know that, DCA stands for "dollar cost averaging" and it's name of one of the easiest strategies to invest in any assets. It relies on buying regularly. This bases on assumption that even if the price will sometimes go down, in the long run, it will keep increasing. So when prices are low we are just decreasing the average price of our purchases. And when it goes up our portfolio is going up too. Of course, this strategy makes sense only if we have some constant income and we have reasons to assume that chosen asset will indeed increase it;s value in the long run. 

And one of the Polish crypto Youtubers I watch somewhat regularly - Piotr Ostapowicz - had started one experiment around the end of the previous cycle - so in more or less the worst entry point possible. This experiment was really simple he did just bought every week. He bought bitcoin and chosen altcoin for 20 PLN (roughly 5$) each. As this was started at the worst point (so around the ATH from 2017) You can suspect he has lost a lot of money, right? 

Well, actually not. On the contrary in the first quarter of this year hist total gain were at the level of about 200%! The majority of that was thanks to bitcoin, but in general, the altcoins don't bring him massive losses either. And as much as 200% may not seem much to persons accustomed to gigantic few hundreds gains on farms or some of the most profitable altcoins it was - unlike the gigantic gains I previously mention - quite a safe investment. Of course You can agree or disagree with what I'm saying, depending mostly on how much do You believe in bitcoin and other cryptocurrencies, but nevertheless this strategy already prove to be actually viable. 

My DCA experiment rules

As I mentioned my "experiment" was inspired by the previously mentioned but it will be a little bit different. Firstly its success already somewhat proved that it's a viable strategy. I also think that two categories of purchases won't be enough, and as it was successful in the past I decide to make the invested amount higher. Therefore I decided to make 3 purchases every week (at weekend, though if it will be Sunday or Saturday... or even Friday evening I don't consider as fixed - which I admit is a little bit untypical for DCA(as it normally assumes just buying regularly rather than making slight variation)) 10€ each (I mostly trade in EUR, not USD, but it's not that big difference it's almost 12$ so not a big difference), and those purchases will be:

- Bitcoin (BTC) - as this is the most important and in the long run most stable (well by that I mean "with stable gains") cryptocurrency. And in my opinion the best asset in general in the long run

- Etheresum (ETH) - the second-best in the crypto world, some even say it can overthrow bitcoin (but I doubt that), others are pointing for some of its a flaw (like scaling issues which Ethereum 2.0 hopes to solve) which may prove disastrous. What's undoubtedly it has a lot more potential of value increase (I heard people saying it can easily reach 10K$ in the current cycle at least a few times - so even Bitcoin's most bullish predictions of 320K$(and even 500K$) are less, taking their price before bull-run into consideration) but its future is NOT so sure as Bitcoin's but still, I think it's fall down is really unlikely. Therefore I consider it an even better investment than bitcoin in the mid-term

- chosen altcoin - well, ETH is also an altcoin (so perhaps - for example when its price would go really low - I will rarely also choose ETH there), but it's class in itself. But it doesn't mean there are no other cryptos with a potentially very bright future. Which can bring even bigger gains (as altcoins tend to be the best short-term investment), but are even riskier (naturally) - though by picking really promising projects and diversify them I can achieve quite reliable investment too. The coins I'm going to keep my eye on include: Polkadot(DOT), Link(LINK), Polygon(MATIC), Luna, Binance coin(BNB), Solana(SOL) and Internet Computer (ICP)

I also will do most purchases on SwissBorg which has both Bitcoin and Ethereum with a stacking option for them (well about 4% a year isn't a fortune but it's still nice - BTW if You use my referral code You can get a random amount of its a native coin worth from 2€ to even 300€! - That is after 150€ worth of deposit(notice it's MORE than 150$ - to be sure better check current exchange rates for Yourself, as they may slightly differ in time) ) and not only them. 

My expectations

In the end I'm nearly 100% sure I will make some profits. But how much? Hard to say. It can surpass those of Piotr Ostapowicz (considering great growth potential of Ethereum), but they can be also lower (for example if Ethereum will fall, or if all my altcoin chooses will prove to be really, really bad). But it is saying about final results - and I assume that end of the experiment will be at the end of next cycle (so in about 4 years I think). 

Now I believe we are in the time of corrections and going side-ways before last great pump - which would really skyrocketing the prices (bringing Bitcoin to at least about 150K$ - as the stock-to-flow model implies - or maybe even to 320K$/500K$) and with that the value of my DCA portfolio. Till that happen I assume I can have some loses - we are rather  in the short-term downtrend after all. And after this skyrocketing I undoublty will have some quite big loses(though I won't sell any from that experiment portfolio, just the other parts of my investments), maybe even massive. But in the end the profits will be increasing. Both to buying low and this way averaging the purchase price, and by Bitcoin (and possibly other coins) going even higher in last part of the next cycle. 

But are those expectations correct? Only time will tell...

You can also try to do something similar... just remember I'm not Your financial advisor and You must take full responsibility as the risk is fully yours.

Current Purchases

Actually it's the third week of the experiment already. So for now I can say that... Bitcoin and Ethereum are doing the best. Before this week purchase bitcoin was making slightly above 36,5%(and now 35,37%) of portfolio and Ethereum slightly less than 34,5%(and now 34,02%). If all would do the same it would be 33,(3)% for each. I think it's somewhat amazing that bitcoin already is doing better, but we should not forget that it is early stage. So it isn't so bad news for me that for now I have slightly over 8€ losses.

But what altcoins did I choose? Well, every week it was different. 

On the first weekend, it was IPC - as this project seems to really interesting. A blockchain designed to enable programmist to install their program and website on it. So a fully decentralized internet in a way... that sounds promising for me and also worth supporting by buying their coin. 

On the second weekend, it was LINK. Link is something I have invested before and was able to make some really good trades, so it's definitely a coin that survived its first trials - which means it won't so easily be zeroed. It can happen but isn't as likely as with completely new coins (which are assets of the highest risk in my opinion). Link powers decentralized oracle network, meaning it's a very useful tool in the crypto world, which makes it fundamentally good(and I believe that for being viable as a long-term investment cryptocurrency HAS to be fundamentally good). And also it was going down so I thought it's a good time to buy it, as it is in general a good coin. But unfortunately, I bought it for about 15€, while now it is about 2€ cheaper. But hey, it was even about 40€, and I think it can easily go back there. In some time. 

The last altcoin - bought today - was BNB. Some may think "why is he buying Binance Coin now when there is so much fuss and fud around Binance exchange? That's crazy". And I would say it's exactly the reason I do that. Well, besides that crazy part of course. Binance coins prove to be quite good assets, even though initially I didn't believe in exchange coins. But... nevertheless, I once did some small bitcoin transfer to Binance, to convert it to some Tron... and eventually stuck with a very slight amount of BTC - worth about 0,5€... and exchange it for some fraction of BNB, or was it done automatically? I don't even remember... Anyway, this 0,5€ then becomes 5€. Also as finance is the biggest and most popular exchange and continues to work hard to be a good place to trade crypto (but for me to really to it, it should also go to a much simpler design, as Coinbase or Bitpanda have). When they get instant sepa blocked, they make card purchases free, so this block won't affect the clients... and were the very exchange which started standard to return client's crypto after hacks. So I believe that Binance will withstand all the troubles. It's maybe not as sure as bitcoin is but still, I doubt it can be easily defeated (well, even bitcoin can be "defeated", and be made worthless by banks and financiers... but that case would be so dark scenario (at least in the matters of the economic system) anyway, that the loses from BTC value being zeroed wouldn't matter anyway, so I don't think there is a point caring for that scenario). And considering their hardship BNB is now losing value a little (well actually it turned out if yesterday was a better time to buy it but that's just a slight difference in the big picture). 

The Future

And so that's it. Since now I will make weekly updates (or at least once in 2 weeks) of the experiment, each time explaining choose of any new altcoin. Quite likely with some slight analysis or general thoughts on crypto (or questions about my blogs there) from time to time. I hope You'll enjoy it!

Oh, and by the way, I started a new blog for that "experiment".

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