It's almost an entire week late but the last weekend I was on advent retreat, then I have some tasks on university and qualification tasks for a new job... so it was a kinda hectic week. But well at least I can also take the third purchase into consideration. Also, I will make some new (and probably last) changes to my schedule, partially due to incoming Christmas, but also because generally, I think it will be better.
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 Your own finance and any risk You take!)
Base investment - BTC and ETH - and current portfolio value
So most of the previous weeks was mainly a downtrend - not a shocking one, rather long and steady... though some already start fret over it as I saw, but one the other hand seen some crypto YouTubers quite confidently telling it does NOT end of the cycle and we will see much higher prices in some time. Which is also what I think. Not we even have some increase in the price (at least when ) but it can very likely be just a local high yet. I wouldn't be so much surprised if we go parabolic when the downtrend will end. But I'm NOT saying it surely happen, it's just something that I consider possible. We can have to wait somewhat longer for that (if I remember correctly some analyses did say that the ATH in that cycle will reach about December 2022).
Anyway, recent downs let me buy some more Bitcoin and Ethereum than in weeks before the last update. Well, considering it gets higher now I may have made a mistake, of not making this week's purchase yet but... well perhaps it will go down again this weekend, who knows. As for now my portfolio - despite downs at the market - is still making profits, 226€ of profits at the moment to be more precise. With 690€ already invested. Not a big return of investment but that is to be expected.
As for the coins performance, Bitcoin's contribution to portfolio value decreased to 25,81% (from 27,3%), for the Ethereum it is now 31,79%(very slight increase), which means 42,4% of the value is made by altcoins (again an increase slightly bigger than for Ethereum). Does it mean bitcoin is the worst asset there? I don't think so. Well, it may be in the short or medium term but in the long-term, I expect it to make the biggest part of the profits (well at the end of the cycle Ethereuem maybe will best it, as it's debatable if one cycle is long- or medium-term), hopefully not because all altcoins will go so low, but because it would just so much outperformed them.
Talking about the altcoins currently, I have loses on some of them, namely ICP, COMP, ADA, DAR, KDA ATOM and STX(With LINK making negligible profits), but some have also not bad profits, like ~50% on ENJ and MATIC, 75% on BNB, or even 150% on AVAX(still just one purchase of it... so perhaps I should think about next one, when opportunity emerge). But previously best-performing coins are even better for that with Solana having ~200%, and LUNA having ~330% (so it outperformed Solana, but it may partially be because It's also among my most recent purchases, making it the only altcoin with 3 purchases for now). How it is compared to Ethereum and Bitcoin? ETH makes 25% profit and bitcoin... not much more than 2,5% but as
New Altcoin DAR, more accumulation of ATOM and Solana
In the 21st week I buy a new coin - DAR a native token of Mines of Dalarnia, which is a (free-to-play and play-to-earn) game running on Chromia blockchain. Does such kind of project have a bright future? Honestly, I can't be sure but this being one of the new trends in crypto space I decided that I could try to buy its native token (then perhaps someday it would be wise to consider Chromia native token - CHR) - Dalarnia isn't the only project of that kind, but it seems promising to me. Although I didn't actually play it yet, I'm certainly planning to, when I will have some more time. I hope its world - despite being procedurally generated - will turn out to be interesting. It is a sandbox, but Minecraft already proves to me that even sandboxes may have interesting lore (If You don't know what I'm talking about You can check the RetroGamingNow or GameTheorists YouTube channels). If You wanna know more about the Mines of Dalarnia You can read about it
On the 22nd week, I bought some more ATOM. It wasn't that long ago since I made its first purchase (just 2 reports ago) and I wasn't exactly sure what to buy, but I thought rather about more accumulation of something. For my brief analysis, I got that the best coin to buy at that moment was ATOM.
23rd week was very similar, this time seeing it was quite decreasing too (though still being at a higher price than when I last bought it) I decided to buy more of my best performing coin - making it the first altcoin to have 3 purchases in my DCA portfolio.
Next and (hopefully) last schedule update
As You know this report was actually supposed to be published the last weekend. But perhaps it's a good thing it was delayed...
Why do You ask? Well, do You remember when I wrote about judging the performance of newly purchased or accumulated coins being not fair? (Or rather that there is nothing to judge, and in case of accumulation it falsely brings the profits/loss more towards 0) This lead me to kinda exclude the last one from the report but... wouldn't it just be better to have the report being actually published at the end of next week, more or less in time for the next purchase? This way even the newest one would be about 1 week old, and thus there will be some time to make judging it somewhat relevant.
Also at the next weekend (when the next report would be supposed to be published if we wouldn't count the change from previous paragraphs), there's Christmas, so I don't know if I would even have time to make a purchase... and realize more and more, that there will be less and less new coins (yeah I kinda wrote about it last time already but I think that current schedule doesn't address the issue properly), so frequent report doesn't make this much sense. As - besides I always make some analysis of how the coins did perform - the main purpose of them is introducing these new coins.
Currently, I have 15 altcoins and I decided to make a hard cap for the number of coins at 25. So no more than 10 new coins will be added through the entire "experiment" duration (which is still a few years), also there are at least 5 that I have already considered adding in the future: DOT, CEL, BEST, CHSB, CHR. Well... it could happen that after reaching these 25 altcoins some project will turn out to be a complete failure and a new one, which I would have very good reason to believe in would emerge... then I would consider one place "freed", and invest in this new token (still not selling it, as this would be against the core rule of the project, but not accumulate any of it anymore).
So, how I wanna address it? Well, I think one report in 5 weeks would be good. With bigger report with a glimpse on my cointracking on every second one(so the subcycle will be just consisting of 2 reports, not 4). In some time (perhaps after buying the 25th altcoin?) I'll change that to 1 report per 10 weeks, of course, I would inform You in the last report before that change.
But now I have done 3 weeks from another 10-week subcycle, so what to do now? As I said, another would be for 2 weeks, so at Christmas... not a good time for that. Therefore I decided the next report includes 4 weeks (24-27), so being published around 14-15 January, and the next one 3 weeks (28-30), and is published around 4-5 February. Then of course new routine of one report every 5 weeks.
Please let me know what You're thinking about this new schedule, by liking the article If You're ok with that and think it's a good idea, or dislike it, if you're not. Comments explaining , are also very much welcome! (Also as You may notice I changed the Latin numbers for the week to Arabic in the thumbnail)
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