It has been 12 days now after I posted the last edition of Cryptocurrency HODL.
What is Cryptocurrency HODL?
It is a fantasy style of holding cryptocurrencies per edition I have an imaginary $100 to invest in my choice of crypto. The main goal of this is to see if investing in crypto is profitable in the long term. We buy the crypto with no trend analysis, we buy in maybe on a dip, or when it is at its All Time High.
Disclaimer: The investments here in this post is not true. This is just an experiment to see if holding cryptocurrencies are profitable. This is not investment advice. Invest at your own risk do some research first. Invest only money you can afford to lose.
With Bitcoin and other cryptocurrencies like ETH having their All Time Highs the cryptocurrecy market cap at $318,807,917,815 now, we saw another tremendous growth to 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 ETHOS 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
220.1876879852386 XRP at $0.227079 each
394.548912228649 SNGLS at $0.126727 each
Stats this week
Stats recap
Last Weeks Stats
Profit/Loss: $ +25.89
Top Gainer: LSK(+$21.03)
Biggest Loser: REC($-14.24)
This Weeks Stats
Profit/Loss: $ +169.59
Top Gainer: ADA(+$134.90)
Biggest Loser: REC($-21.99)
As we can see now Cardano(ADA) has left LSK and became the new top gun with almost a 3 times gain the investment I made last week on Cardano was great. REC continues to plunge down as it is still the biggest loser from our investments. Generally the investments are great with REC the only one which is in the red.
Last weeks investments Ripple, and SingularDTV has not went up that much but are on the green with small profits.
That is it for the recap, we will now proceed with investing our imaginary $100 haha.
Spending Breakdown
Lets start investing!
Stellar Lumens(XLM) - $50
752.5247204370664 XLM at $0.066443 each
Raiden Network(RDN) - $50
12.85347043701799 RDN at $3.89 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 now we have $500 investment now on different cryptocurrencies, with the new acquisitions of Raiden Network, and Stellar Lumens.
If you want to check the portfolio live visit this link: https://www.cryptocompare.com/portfolio-public/?id=119332
You can see the live portfolio on how it is doing. 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