We’re officially at the halfway mark in my little experiment! So far, things have been rather ho-hum.
After a decent starting month, my portfolio has taken a pretty steady nosedive into the deep red.
These reports are, dare I say it, actually becoming kinda boring.
Hopefully things’ll start picking up in the next few months.
On to this month’s results!
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 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 Tuesday, July 18th.
WEEK TO WEEK ANALYSIS
Week #1 – 6/18 to 6/25
Last month’s final week ended at $236.69. Let’s see what’s changed.
Here’s the start of week one:
And the end – down about forty dollars.
Week #1 Low – June 25th – $194.15
Week #1 High – June 18th – $232.31
Week #2 – 6/26 to 7/2
Here’s the start of week two:
Up 60 cents from last week’s end.
And here’s the end of week two. Up about twenty dollars from last week.
Week #2 Low – June 29th – $180.59
Week #2 High – July 2nd – $212.69
Week #3 – 7/3 to 7/10
Here’s the start of week three:
And the third week’s end.
Down about fifteen bucks.
Week #3 Low – July 10th – $198.10
Week #3 High – July 4th – $214.05
Week #4 – 7/11 to 7/18
Here’s the start of week four:
Down ten bucks from last week.
And the end of week four.
Back up a little. Sweet.
Week #4 Low – July 12th – $182.09
Week #4 High – July 18th – $226.10
This month’s variations between highs and lows was pretty average. The highest high was $232.31, and the lowest low was $180.59, a difference of $51.72, and a loss of over 22% – which is acually a lot less than the average month.
Remember, when it comes to cryptos, never bet more than you’re willing to lose!
CONCLUSION
While I’m happy that this month wasn’t as volatile as the past few months, it does stink that my portoflio seems to be stalling.
I suppose, the only direction things can go now is up, right?
That’s what I’m betting on!
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