My journey with HODLing 11 shitcoins - week #7

My journey with HODLing 11 shitcoins - week #7


Hi once again,

Week #7, moving onto month 2 soon. Most coins have gotten a chance to breathe so they can start their recovery. Even this fairly small dip, I say small as most top 100 coins have recovered or are performing better, made almost all coins crash in value.

Again, don't do this at home.


Table of current value:

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Some of the coins are starting to climb up, Sonar is still carrying the ship full of crypto that are weighing the operation down. I guess this is a good lesson in diversifying or investing in crypto with different use cases. 


Statistics 
Allocation

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Ping is growing ever larger. Partly because it keeps climbing in value and also the other coins aren't doin too well. It's easy when this happens to become greedy and want to keep betting on your favorite horse, that can easily come back to bit you in the long run.

Best/worst perfomer

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This section is my favorite, it hasn't changed since week #2 I believe. Lemond is still struggling with Sonar having the time of its life. Well it's not always the same, this week has almost recovered last week's dip. But I am starting to think I ought to avoid lemon themed coins just as much as dog themed ones.

Chart

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The climb back is steady and slow. If I could mirror this chart and have it been the other way around that would make me feel alot better. Perfect time to cash out with these type of coins is during or close to the apex of a bull run, such as you can see when the value was close to $1.500. But in this experiment I do one thing only: HODL.


Any of these coins, most likely Sonar, can end up being one of the next big coins. Finding that one and betting on it is really hard however. There are several thousands of coins that are created and die every week. Not only does the idea behind the coins need to be strong, it needs attention or a group supporting it. Let's see where these coins end up in the next few months shall we?

Thank you for reading and remember, don't buy shitcoins.

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Austras
Austras

Product manager & tutor, love learning & teaching others. || https://cointr.ee/dorfel


Journey through cryptocoins
Journey through cryptocoins

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