Well it took me longer that I thought... searching for a new job (with a few other things) take me more time that I predicted. And to save You waiting I decided to split the report part from altcoins' stop conditions. Also I didn't finish it at full 10 batches, as considering how late phase of the cycle we are in, I decided to include all finalized batches(ones which have altcoin, BTC and ETH) - which this time include quite a lot of catch-up purchases.
And if You don't know what I mean and what this Great DCA experiment is You can check out the introductory post. If You don't know what these catch-up purchases check out the "Catch-up purchases" section of this post. If You are confused about the new format of the reports see this post. (Also remember it's not financial advice - You are the only one responsible for Your own finances and any risk You take!).
My view on the current market state - and how it affects my moves
Now chances of the market going down seem minimal. Ethereum barely moves recently, Bitcoin constantly keeps its price above 40k$ - though with fluctuations reaching even near 47k - and Bitcoin ETFs - considered the main source of recent optimism in the market - are expected to be confirmed in days (they may actually be out already while I was writing this). With rumors of the ETFs being rejected causing a temporary breakdown in the markets... but now it looks all safe.
But at the same time... the fact nobody is expecting significant price drops, could be the exact reason why the whales, financiers and other institutions may actually want to CAUSE a big dip. To take as much of BTC from as many people as they could. So I'm going to be ready for this, and buy ETH and BTC missing for 11 started batches (yeah i didn't manage to synchronize the different kinds of coins in my purchases...) and the remaining 8 full catch ups batches (well this number will grow with every week actually). And likely some more, especially if that would be really big deep (like below 30k).
Though not exactly all are saying that we won't go low now. Some technical analysts I watch say we actually may go down a bit more - and also their claims that we NEED TO so Bitcoin could reach really big heights again wasn't invalidated as far as I know - and there is also the probability that as it often happens now we are in the "buy the rumors" period, and when ETFs would be actually confirmed, then it would be time for "sell the news", causing some dip... but it's hard to say how big it would be.
Anyway for now I held further purchases - well maybe I will make a bit more of ETH purchases, as it didn't reach my stop condition actually. Also there were no new altcoins since the last report. And there won't be any in that cycle. I think I definitely have enough... especially that some of them I have bought just a few times. So I think I will eliminate about a half for the next cycle(well from further DCA portfolio purchases, not exactly selling them all out).
And what if I won't manage to fill missing purchases? Well, I would just do it in the next cycle - most likely when the prices would again drop below stop conditions from this cycle.
New Purchases
Current Portfolio State
Portfolio state as of 8 I 2024, ~22:00 of Polish local time (which is Central European Time CET/UTC+01:00) (Also sorry for the low quality... I couldn't remember the previous method I used to have a specific part of the spreadsheet imported)
*Terra Luna is here for historical reasons, as it was one of the coins I did choose, though its next purchases were discontinued already and it doesn't count towards a portfolio cap of 25 altcoins other than ETH.
For more info about the table check out the current portfolio paragraph of this report
As can be expected bitcoin is still the largest part, though the share of the altcoin actually is the only one that increased, even going slightly over ETH (so slightly that it could as well change while writing this actually). Even though Bitcoin gains doubled, and Ethereum gains got well over tenfold bigger (there was actually a slight miscalculation in the values of the last report which, I only noticed today - mainly I wrongly recalculated the price from $ to €, so it was the same for all and it only affected the balance part)
Generally, altcoins do much better, though the biggest winner in portfolio share is STX as previously actually, but now his top position is ensured more, as it gains the most from previous reports (still its share in the portfolio isn't as big as 2 reports ago). It also clearly dominates the % of the portfolio per purchase (with 0,89%) and balance (a whopping 319%!) statistics. Solana comes as a (relatively) close second with 0,64% of portfolio per purchase and 201% gains.
Well actually still not all altcoins have gains - some will probably stay like that, mainly DAR, which together with Compound is at a gigantic loss - but generally, the losses are lesser and the gains are bigger than in the previous report. This is clearly visible in the overall balance: 40,92% compared to the previous 23,69% - nearly doubled - with 28,58% gains on altcoins alone(excluding ETH), while in the previous report, it was 26,19% losses.
Final words
As I said, I'm sorry it is so late (especially that actually last batch is from almost 3 months ago...) but I can ensure You there will be a follow-up to this - with stop conditions for altcoins, and other things about strategies to finalize this great project - which I hope help You learn something together with me!
Also, there are definitively few conclusions that could be inferred from this report already... but I will rather wait with them and save them for the time when this project is finalized. Of course You can draw Your own conclusion if so please share them at the final summary post of this experiment! I'm sure we could both learn from each other.
And possibly I'll also publish some other articles this week (still I have to prioritize finding a new job)
My referral links
HoneyGain:
https://r.honeygain.me/MACIEC06C9 - with that You can earn money by simply renting your unused internet connection!
https://pawns.app/?r=2712904 - another app like HoneyGain, which can be run alongside it, why use just one when You can use both?
Freebitcoin:
https://freebitco.in/?r=21393011 get 40% of referral commissions back! You can read more about this website
http://cointiply.com/r/RDepd
RollerCoin:
https://rollercoin.com/?r=k3s3kraw - a crypto mining simulator, which actually works. You can mine BTC, ETH, BNB, SOLANA, MATIC and more. Also get a 1000 satoshi bonus for registering from that link
Timebucks:
https://timebucks.com/?refID=216078102
Exchanges(and alike):
https://coinbase.com/join/tomasz_t1 trade at least 100$ to get 10$ bonus in bitcoin!
https://join.swissborg.com/r/maciejLYZX make a deposit worth 150€ and receive from 2€ up to even 300€ in exchange currency
https://www.binance.com/en/register?ref=UVN9AF39 - with 5% Commission Kickback Rate for You!
https://www.bitpanda.com/?ref=611043704198149865 - get 5€ bonus (in BEST - this exchange native currency ) for depositing at least 25€ and trade at least 25€ with that link! And then gain 5€ for completing a test about crypto (unlimited attempts!)
...and PUBLISH0X itself: https://www.publish0x.com?a=X7axOPneyv - honestly if You don't have an account here yet it's high time to register! And just Facebook or Twitter account is all You need for that!
