106
Today I am beginning an experiment and you will be able to follow along with me. I am planning to make weekly updates. I am going to invest 100$ every week split equally into Top 10 crypto currencies at the time. And post updates about the overall growth of my experimental portfolio as well as some insights about biggest winners and losers in the portfolio.
I will not be including stablecoins in my experiment, and will not be staking or earning interest on any cryptocurrency in this experimental portfolio. The purpose of this experiment is to see if investing weekly into Top 10 cryptocurrencies is a feasible long term investment strategy, and to measure it against other common strategies. for the purposes of this experiment i will also not take into account trading fees, so i can invest an equal amount of dollar value into each of the cryptocurrencies.
Week # 01
It is the 3rd of January, and the beggining of the first full work week of year 2022. And my experiment beggins.
Total value: 100$
Total invested: 100$
Profit/Loss: 0$
And here is a list of Top 10 cryptocurrencies and their prices at the moment.
Week #01 - Pie chart
Stay tuned for update next week!
I will post an update of:
- Overall value change of portfolio
- My weekly purchase
- Changes in Top 10 cryptocurrency list
- Biggest gainers and loser of portfolio
Thank you for reading!
This is my first blog post here, and not only here! Feel free to comment and leave some feedback.
Good luck with your investments! Let the money do the work!
