Again I publish the report, not during the weekend but a while after it(actually I finished it on Monday but I don't know how I didn't notice I didn't click publish button... still situation didn't change that much in this one day not for long term investor perspective I consider myself at least.)... but well on Sunday we have celebrated my sister's birthday and on Saturday it was a feast of KSM's patron (KSM stands for Katolickie Stowarzyszenie Mlodziezy which means Catholic Youth Association), so I don't have much time for analysis and writing this post. But without further ado let's go to the report.
Also if You don't know what I mean and what this Great DCA experiment is You can check out the introductory post. (Also remember it's not financial advice - You are the only one responsible for You ore finance and any risk You take!)
Base investment - BTC and ETH - and current portfolio value
The market was going down. With a very significant dump today. Unfortunately, when I last bought BTC it costs ~40k€, but now it's almost 36k, nevertheless in the previous week I was able to buy more each week(and it seems this trend may continue in the next...). The situation is similar but not so drastic with ETH, which caused it to be now 34,6% of my portfolio, but BTC also has a better position as it is now 33,2% of my portfolio.
The rest are altcoins which price also has decreased, but still, only a few on my portfolio are currently worth more than the money I use to buy them. Those worse-performing (those on which I actually have loses) coins are MATIC, COMP(which I shouldn't actually count as I just bought it) and ENJ. In general, I'm still on profit but it is quite low... the cointracking shows just about 24€, but Solana price seems to be wrongly calculated as it's written as about 1€, when I have 0,42 SOL tokens, with their price at about 111€... which still means my profits on it are the biggest.
Is it an opportunity to buy already? I don't know but I still put an order for buying BTC for 27€ (as this is the amount of free fiats I had on the exchange) with the price of 36k€ on Coinbase. Will I add Invest some more money? Most likely but I'm unsure if it is already a good moment or if it will be better to wait a bit. But well, it is already beyond the DCA strategy. For it, I just hope if BTC would going down further it will be near the bottom at weekend, with a major dump before not after like it just happens recently...
New Altcoins: COMP and more accumulation of MATIC
In 11th week I decided to add some more MATIC to my portfolio, especially that the price was better(by that I mean lowe, so with the same money I could buy more). More about why I think it is the promising coin I already wrote in the 3rd report.
Yesterday (12th week) I bought some compound, or to be more precise its governance token(COMP), as compound is actually name of the protocol. And what it is for? To put it simply is a system purpose mainly to borrowing and lending assets between individuals without banks. Is quite a popular theme in defi ecosystems, but compound seems to be a reliable protocol with a well-positioned place in the crypto space. Or at least it seems so to me. It did just dump but well, everything does now, so it's not that big deal In at least 2-3 months it will be possible to actually say anything about its performance. Well to be honest I'm not a big fan of credits/loans, but... I think such protocol is a much more reliable, safe and fair way for that than the banking system, as loans in banks are nowadays always bigger or smaller usury. (And as such should be destroyed, well with the whole banking system, which in the current state is just one big institutionalized robbery, but that's not the time for that)
New reports schedule and new blog's delay
Previously I told about thinking of publishing reports less often. For now, I have come up with a new system. I will alternately public reports for 2 and 3 weeks, which means in one 10-weeks "subcycle" (for each I will publish the contracting dashboard screenshot) we got reports for 2, 3, 2, 3 weeks. I hope it will be fine. Also thanks for all the likes and tips on the last report! It was really rewarding to see how much more reception it got.
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As for the new blog I mentioned recently I, unfortunately, won't start it that soon, when writing the last report I didn't fully realize how much things actually needs my attention now, so it's unlikely the blog will start sooner than on 3-4 weeks. But I hope it will be worth prolonged waiting!
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