Intro
42 weeks and $4200 in, I have seen a lot of ups and downs. Unfortunately in this bear market environment, it has mostly downs. This week is no different, the market is down again and I am experiencing losses. But bear markets don't last forever, so I will keep this experiment running. And I believe it will pay off when market sentiment finally shifts. Last weeks update here.
About the experiment
Follow along my journey of investing 100$ 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 # 42 - DOWN 33.63%
Pre-purchases
Total value: 2,721.19$
Total invested: 4100$
Profit/Loss: -1,378.84$
Portfolio vs BTC:
Overall:
Portfolio: -33.63%
BTC(same period): -31.23%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -33.63%
S&P500 YTD: -24.8%
Biggest winners of the week:
1.TRX - 0.1%
2.STETH - -0.6%
3.ETH - -0.7%
Biggest losers of the week:
1.ADA - -12.8%
2.XRP - -12.2%
3.SOL - -7.9%
Week #42 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
no changes
Purchases - 100$
1.BTC +0.0005185 Price $19293.86
2.ETH +0.00762 Price $1312.10
3.BNB +0.03674 Price $272.27
4.XRP +21.31 Price $0.469045
5.ADA +27.14 Price $0.368513
6.SOL +0.3304 Price $30.28
7.DOGE +168.7 Price $0.059254
8.DOT +1.618 Price $6.18
9.SHIB +968998 Price $0.00001032
10.MATIC +12.31 Price $0.812207
Portfolio after purchases:
Total value: 2,813.32$
Total invested: 4200$
Profit/Loss: -1,386.71$
%Change: -33.02%
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!
One last thing
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