100$ Split Into Top 10 Cryptocurrencies Every Week. Week #8 - Still No Green in Sight


Intro

All my holdings are down this week. A rough start of a year, and a rough start for my experimental portfolio. But I am still looking at this as a buy-the-dip opportunity. I will keep investing to see how all of this plays out in the long term. Last week's post here!

About the experiment

Follow along my journey of investing 100$ every week split equally into the Top 10 cryptocurrencies at the time. I will post updates about the overall growth of my experimental portfolio as well as some insights about the biggest winners and losers of the portfolio.I am not including stablecoins in my experiment, and will not be staking or earning interest on any cryptocurrency in this experimental portfolio. The purpose of this experiment is to see if investing weekly in Top 10 cryptocurrencies is a feasible long-term investment strategy and to measure it against other common strategies. For the purposes of this experiment, I will also not take into account trading fees, so I can invest an equal amount of dollar value into each of the cryptocurrencies.

Week # 08 - Down -11.13%

Pre-purchases

 

Total value: 622.11$
Total invested: 700$
Profit/Loss: 77.88$

 

Biggest winners of the week:

One of those sad weeks with no real winners, just some coins losing less value.

1.AVAX  -      -2.3%

2.SOL    -     - 3.8%

3.XRP    -     - 4.5%

Biggest losers of the week:

1.ADA    -   -10.7%

2.DOT     -   -9.3%

3.ETH     -   -9.0%

 

Week #8 -  pie chart 

Pie chart of holdings before acquisitions.

8ac616b26165270f3d735aa98c57c603e49c176c66331c336c3c519d6559195e.png

 

List of Top 10 cryptocurrencies and their prices at the moment.

46f86570aca3050aeacfc00ef3e78ca99e6a6e7e9a216b628c1a6a8ec62dac77.png

Source

Changes in Top 10:

LUNA    -1 position

DOGE    -2 positions

AVAX    +3 positions

 

Purchases - 100$

1.BTC +0.0002605    Price $38374.26

2.ETH +0.003792     Price $2636.15

3.BNB +0.02624       Price  $381.28

4.XRP +12.74           Price  $0.784998

5.ADA +10.65          Price $0.939038            

6.SOL +0.1087         Price $92.00       

7.AVAX +0.1273       Price $78.56          +3 positions

8.LUNA +0.203        Price $49.26           -1 position

9.DOT +0.588          Price $17.01        

10.DOGE +72.64     Price $0.137648     -2 positions

 

 

Portfolio after purchases:
Total value: 719.89$
Total invested: 800$
Profit/Loss: -$26.95$
%Change: -10.01%

 

Pie chart after purchases:

f8f4793492ce9f2d633b287a51d2ab6edb2fa1c38a5562a304769bc505ba9857.png


Stay tuned for an update next week!

I will post an update of:

  • Overall value change of portfolio
  • My weekly purchase
  • Changes in Top 10 cryptocurrency list
  • Biggest gainers and losers of portfolio
Thank you for reading!

Feel free to comment and leave some feedback.

Good luck with your investments! Let the money do the work!

 

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Top 10 cryptos portfolio
Top 10 cryptos portfolio

This blog will follow my journey of investing 100$ a week split equaly in top 10 cryptocurrencies at the time.

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