It is time once again for the Weekly Cryptocurrency HODL.
What is Cryptocurrency HODL?
It is a fantasy style of holding cryptos to see if buying and holding in the long term is profitable. Take note the investments made here are not true. The concept is we have $100 to invest in cryptocurrencies per week, and from that we will see where it goes.
With Bitcoin reaching All time highs, and with the Cryptocurrency Market Cap reaching $231,661,483,307 right now from coinmarketcap.com, the future looks bright for cryptocurrencies.
First things first
We will get the stats of our investment from last week, and here it is from our cryptocompare portfolio.
Previous Aquisitions:
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
1845.15462396 ADA at $0.02710 each
0.7323861139592793 REC at $68.27 each
6.622516556291391 OMG at $7.55 each
8.090614886731393 LSK at $6.18 each
Stats this week
As we can see we are above profit this week with a + $25.89 of profit. With 4 of the cryptos in the green and 4 of it in the red. With our call on LISK turning a decent profit of $21.03, followed by BQX, KMD, and OMG. While in the red REC is the worst with a loss of - $14.24 loss, followed by STRAT, ADA, and STEEM. Lets continue to recap the stats.
Stats Recap
Last Weeks Stats
Profit/Loss: $ +6.83
Top Gainer: KMD(+$6.05)
Biggest Loser: REC($-4.56)
This Weeks Stats
Profit/Loss: $ +25.89
Top Gainer: LSK(+$21.03)
Biggest Loser: REC($-14.24)
As we see LSK toppled KMD as the top gun with a decent profit of + $21.03, while from last weeks worst REC continued to decline with - $14.24 loss. If you want to check how the portfolio is doing, just visit this link to check it in real time. https://www.cryptocompare.com/portfolio-public/?id=119332
That is it for the stats recap, we can now proceed to investing our imaginary $100.
Spending Breakdown
Lets start investing!
Ripple(XRP) - $50
220.1876879852386 XRP at $0.227079 each
SingularDTV(SNGLS) - $50
394.548912228649 SNGLS at $0.126727 each
Note: Prices may vary as the portfolio and acquisitions are made ahead of time.
Final Things
Here is our current portfolio now after the recent investments.
So that is it we have invested $400 now, with the new acquisitions of SNGLS, and XRP. Catch the next edition next week. HODL HODL HODL.
This is not investment advice, it is just an experiment no real money is involved. Invest at your own risk, and research always.
Thank you for reading, Keep it up! Keep on Steeming!
Image, and Information Sources:
http://www.cryptocompare.com