Update #4 - 13 October 2023
Good morning to all
Update today, Friday, the fifth day of this experiment that started on Monday, October 9.
To catch up on previous parts, link here:
Crypto Portfolio Experiment - Update #1
Crypto Portfolio Experiment - Update #2
Crypto Portfolio Experiment - Update #3
At the time of which I am writing, both portfolios continue to be in the negative range, but recovering from yesterday.
Portfolio 1: down -4.31% today (yesterday -4.66%). DOT continues to perform poorly and so does SOL.
Portfolio 2: today's decline is -5.31% from Monday, while yesterday's decline was more pronounced, as much as -6.05%. From this portfolio, IOTA continues to be disappointing, while the other cryptos are averaging stable.
Overall, compared to the initial investment of €200.00, the entire portfolio loses €9.62 (-4.8%).
I hope that reading these numbers may hint that the downward curve has been reached and that from the next few days there may be a gradual recovery and repricing of the 20 cryptocurrencies covered by this experiment. Obviously, the global geopolitical situation continues to affect and weigh on these fluctuations.
Thanks for your attention...see you next update.
