Update #10 - 27 October 2023
Good morning everyone
Here I am with a new update regarding the experiment that began on Oct. 9.
At the time at which I am writing, the positive trend of the two portfolios continues, again thanks to a continuous rise and Bitcoin above 32K Euro (about 50% of its ATH). Take a look on previous updates:
Crypto Portfolio Experiment - Update #1
Crypto Portfolio Experiment - Update #2
Crypto Portfolio Experiment - Update #3
Crypto Portfolio Experiment - Update #4
Crypto Portfolio Experiment - Update #5
Crypto Portfolio Experiment - Update #6
Crypto Portfolio Experiment - Update #7
Crypto Portfolio Experiment - Update #8
Crypto Portfolio Experiment - Update #9
Now.. today's chart
Let us look at the two compositions in detail:
Portfolio 1: the "major" cryptos, i.e., those inside the top 15 of CoinMarketCap's chart. Solana (+41.7%) and BTC (+22.4%) continue to perform well. Overall, the counter value of this portfolio + 112.08 Euro (initial investment 100.00 Euro).
Portfolio 2: This is also (and continues) in positive ground, but with a lower value than Portfolio 1. I honestly believed that the cryptos in it were more volatile than the top 15, so that they might yes be subject to sharp declines, but also to sharp rises. In reality, strong declines have been there, while strong rises have not. Of the cryptos included here, APE and GALA perform well. The others, average.
Overall, at the time in which I am writing to you, this experiment has a counter value of 220.18 Euros, for a total of +10.04%. Not bad thinking about when it started.
Thanks for reading, see you next update.