Update #6 - 18 October 2023
Good morning to all
here I am with a new update on my "portfolio experiment" after 9 days since its inception. Will there be good news or bad news?
First I will repost the original article and its 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
Now, there is both good news and bad news.
The good: portfolio 1 (top 15 of Coinmarketcup) is recovering slightly, down 1.50% from the initial investment (100 Euro for this portfolio). Standouts in terms of performance are BTC with + 2.7% at the time of writing this update, and Solana SOL, with a solid + 4.8%. Negative, beyond expectations, Polkadot, with a -8.1% that leaves little interpretation.
The bad ones: portfolio 2. I would have expected an upward trend similar to portfolio 1, but in reality things are not like that. The portfolio continues to be in negative territory, with a loss of -4.49 percent. Aside from APE, slightly above 1 percent, and ICP, breaking even, the other currencies in this portfolio are definitely in the negative camp, with a disappointing GALA.
Overall, as of today, the ninth day of the experiment, the initial capital of 200.00 Euros has a value of 194.01 Euros, a loss of 3%.
I hope that in the coming days Bitcoin's wave of positivity will go to the backside as well, so that the smaller cryptos can also offer upside.
Thank you for your attention.
