Update #8 - 23 October 2023
Good morning everyone
here I am with the new update on my experiment with the 2 virtual crypto portfolios. With exactly 2 weeks to go, finally something has shifted. But let's see what happened, after reposting the links to 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
Finally, both portfolios, at the time I am writing this, are in positive territory, for the first time since the beginning.
Good Portfolio 1, a little less good, but still positive, Portfolio 2.
Portfolio 1: a solid and pleasing + 6.43%, with a counter value of 106.43 Euros (initial investment 100.00 Euros). Dragging this excellent run is Solana, which registers an interesting + 34.2% in 2 weeks. Somewhat less well DAI, while Polkadot POt has recovered its position well (previously it was the weakest element of the 10 assets).
Portfolio 2: returns, as I said, to the positive zone, if only slightly. The current countervalue is 100.54 euros, a feeble +0.54 percent. Trailing are ICP and APE, while a few other assets are recovering.
Overall the experiment, two weeks after its start, is proving positive with an average of +3.49%.
Reason for this trend? obviously I think it can be traced back to Bitcoin's excellent performance this past weekend. Could this be the beginning of the new bull run? I am not currently in a position to make a judgment in this regard, but I can only, possibly, hope so.
Thanks for your attention, see you next update
