Intro
It's week 39. We are on week away from having invested $4000. And so far we are down quite a lot. The whole investing space is feeling pain this year. But could this turn out to be the golden buy-the-dip opportunity? I guess time will tell. For now, I will just keep doing what I am doing. And move forward with the experiment.
Previous update here.
About the experiment
Follow along my journey of investing 100$ 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 # 39 - DOWN 34.06%
Pre-purchases
Total value: 2,505.57$
Total invested: 3800$
Profit/Loss: -1,294.48$
Portfolio vs BTC:
Overall:
Portfolio: -34.06%
BTC(same period): -34.9%
Our portfolio is outperforming Bitcoin for the first time in a while.
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -34.06%
S&P500 YTD: -22.5%
Biggest winners of the week:
1.XRP - 32%
2.DOGE - 5.8%
3.SOL - 4.6%
Biggest losers of the week:
1.ETH - -2.8%
2.DOT - -2.6%
3.WBTC - -2.4%
Week #39 - 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 +0.0005276 Price $18955.62
2.ETH +0.00768 Price $1301.96
3.BNB +0.0365 Price $274.05
4.XRP +21.06 Price $0.474646
5.ADA +22.5 Price $0.444395
6.SOL +0.307 Price $32.57
7.DOGE +163.8 Price $0.061032
8.DOT +1.59 Price $6.29
9.SHIB +903998 Price $0.00001106
10.STETH +0.007739 Price $1292.65
Portfolio after purchases:
Total value: 2,606.66$
Total invested: 3900$
Profit/Loss: -1,293.39$
%Change: -33.16%
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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