Intro
Still hanging on, still buying the dip. AVAX left the Top10. Other than that, nothing out of the usual happened this week. I have gotten used to the pain of paper loss. And I still believe that buying now will pay off handsomely when the next bull market begins.
Check out the previous update 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 # 22 - DOWN 43.26%
Pre-purchases
Total value: 1,191.50$
Total invested: 2100$
Profit/Loss: -908.61$
Portfolio vs BTC:
Overall:
Portfolio: -43.26%
BTC(same period): -21.36%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -43.26%
S&P500 YTD: -12.8%
Biggest winners of the week:
1.BTC - 1.1%
2.DOT - 1.0%
3. WBTC - 0.8%
Biggest losers of the week:
1.LUNA - -14.1%
2.AVAX - -13.8%
3.SOL - -12.0%
Week #22 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
WBTC IN
AVAX OUT
Purchases - 100$
1.BTC +0.0003256 Price $30702.05
2.ETH +0.00525 Price $1905.36
3.BNB +0.0314 Price $318.59
4.XRP +25.03 Price $0.399694
5. ADA +19.25 Price $0.519290
6.SOL +0.215 Price $46.52
7.DOGE +117.4 Price $0.085195
8.DOT +0.985 Price $10.15
9.WBTC+0.0003264 Price $30644.78
10.STETH+0.005355 Price $1866.66
Portfolio after purchases:
Total value: 1,290.48$
Total invested: 2200$
Profit/Loss: -909.62$
%Change: -41.34%
Pie chart after purchases:
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!
