Last week was the first edition of Weekly Cryptocurrency HODL. A fantasy style of holding where $100 is spent in every edition to see if investing in cryptocurrency and holding for the long term is really good. It is a fun experiment, I get the data of the current prices from coinmarketcap and spend $100 the way I want to.
So then let us start!
First things First
We will get the stats of our investments last week and here was our investments last week, and its screenshot from cryptocompare.
Here was my acquisitions last week:
- 5.9666 STRAT at $4.13 each
- 13.9665 KMD at $1.78 each
- 26.2283 STEEM at $0.9532 each
- 30.885 BQX at $0.8095 each
Stats This Week
As we can see we are down $ -2.67 at the moment, with Stratis completely going down by almost dollar when I acquired it, but look at Komodo nice to have one in the green. STEEM with a $-0.5 loss, and BQX with a $ -1.76 loss.
So let us now recap the stats
Profit/Loss: $ -2.67
Top Gainer: KMD(+$5.41)
Biggest Loser: STRAT($-5.89)
**If you want to check out the portfolio visit this link: **https://www.cryptocompare.com/portfolio-public/?id=119332
So that is for week 1, Now we proceed to Week 2! I have another $100 to invest so lets continue and breakdown our new acquisitions.
Spending Breakdown
Cardano(ADA)
1845.15462396 ADA at $0.02710 each
Regalcoin(REC)
I wanted to experiment holding Lending coins Regalcoin which is similar to Bitconnect. Let see how it goes.
0.7323861139592793 REC at $68.27 each
Note: Prices may vary as the portfolio and acquisitions are made ahead of time.
Final Things
So there we have it $200 invested with the new acquisitions of Cardano, and Regalcoin. Check out the next edition next week.
This is only an experiment, no real money is involved. This is not also investment advice, do your research before investing.
Image, and Information Sources:
http://www.cryptocompare.com