It’s been three months since I started my crypto-experiment. How’s it going?
Pretty good, actually!
While currencies are down overall, this month saw us bounce back completely from last month’s huge loss.
While I wish the portfolio was actually above what I paid for it originally, I’m just glad I’m seeing some positive numbers.
Still, it is nice that they didn’t go down even further, right?
Sliver lining, folks.
DETAILS
If you’d like to get all the details, including the experiment’s overall methodology, you can read my initial post here.
To summarize:
In January, I found a blog post on buyholdlong.com that detailed how purchasing $1,000.00 worth of the top 10, 25, 50, 75 or 100 currencies and holding onto them for one full year could lead to unbelievable gains – gains as high as 10,000%! You can find that post here.
In January of 2018 I purchased forty-three different currencies out of the top hundred on coinmarketcap.com, ranging from mere pennies per token to multiple dollars, with each currency holding an overall value of about $20.00. I intend to hold onto these for one full year.
As much as I love money and saving, I felt like this opportunity was just too good to be true. If I could turn $1,000.00 into even just $5,000.00, that would cut my time down for retirement by six months! If I could turn that $1,000.00 into $50,000.00, it would cut down my time to retire by a more than three years! What’s losing $1,000.00 compared to missing out on a gain to $10,000.00? Or more? For potential like that, a thousand bucks is nothing.
I figured I had to try it out for myself.
Note: I’ll be starting every month’s report on the 18th as that was the first day of the experiment, and I’d like to keep these reports consistent.
MY PICKS & RESULTS
This is the list of all the currencies I purchased for my experiment, including the name, ticker, number of shares, the initial price per token, the current price per token, the change from last month represented as a percent, and their current overall value. These values were taken on Wednesday, April 18th.
Funny enough, this is almost the exact percent change as last month, but this time it’s in the right direction. Last month it was down 50.73%.
WEEK TO WEEK ANALYSIS
Week #1 – 3/18 to 3/25
Here’s the start of week one.
Starting off about $15.00 down from last month’s final week, which was $289.82.
Up almost $60.00 in a week, not bad!
Week #1 Low – March 18th – $274.91
Week #1 High – March 21st – $356.58
Week #2 – 3/26 to 4/2
Here’s the start of week two.
Down about $27.00 from the end of last week.
Yipes, down almost $80 bucks from last week’s end. My portfolio is now at almost 25% of its original value.
Week #2 Low – April 1st – $247.50
Week #2 High – March 26th – $304.66
Week #3 – 4/3 to 4/10
Here’s the start of week three.
OK, up $50.00 from last week’s end. At least we’re going in the right direction.
And the end.
Down about $17.00 from the start of the week.
Week #3 Low – April 6th – $263.65
Week #3 High – April 3rd – $299.53
Week #4 – 4/11 to 4/18
Here’s the start of week four.
Up about $15 bucks from last week’s end.
And ending on a high note! It’s almost back to half of its original value! Not bad considering just two weeks ago our portfolio was at 25% of its original value. Nice to see some green colors here instead of a sea of red!
Week #4 Low – – $296.52
Week #4 High – – $431.06
This month’s variations between highs and lows was quite large. The highest high was $431.06, and the lowest low was $247.50, a difference of $183.56, and a loss of almost 42.59%.
CONCLUSION
Cryptos are finally starting to move in the right direction.
After months of falling and remaining stagnant, things have rebounded, and they’re beginning to look up.
I have high hopes for this experiment.
I actually haven’t been paying much attention to it, which I think has been helpful.
When I don’t look at it, I don’t worry about it – and I don’t think there’s a good reason to worry.
I’m confident that this time next year, I will be a happy man.
Here’s to hoping next month is another good one!
Remember, when it comes to crypto, never bet more than you’re willing to lose!
Are you investing in any cryptos? How’s your portfolio doing? Let me know!
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