The great DCA experiment - report VI (week 13-15)

Do repost and rate:

This is later, way too much later than I expected... but Last weeks were kinda difficult in my life, I lost my job, and I'm still struggling with finishing the last two projects from the university to finish the previous semester... for which luckily I got prolonged time. But I wouldn't burden You with my problems any longer. I just wanted You to know why I didn't post any report for so long. But I will continue the experiment, though - considering bitcoin reached new ATH recently - I decide to skip one week, but still, I went with the numeration, as usual, so for 13, 14 and 15 weeks of this experiment I made my purchases on 27th September, 7 October and 21 October. But as I have still a lot of things to finish or catch up this won't be long. Sorry.

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

As I said and as everyone probably noticed Bitcoin reached a new ATH. Some say it will go quite swiftly to about 70k$, but for now, it is correcting, with price at about 52500€(or 61100$) when I write this sentence. Of course, I will purchase some bitcoin this weekend for the next weekly purchase, it may be a good time to buy actually. If it wouldn't rally to the next ATH before that at least. But what's interesting is even when its price was skyrocketing bitcoin didn't exactly reach 33% of my portfolio, currently being a little bit less than 31% of it and ethereum slightly beyond 30%, the remaining 39% are altcoins, the biggest one being Solana (over 12% of the portfolio, over 300% gain), the second being Luna (over 7% of portfolio and 150% gain). Generally even though now some prices are going a little bit down on most coins I still have profit (but it is, after all, was rising, so it's not very surprising), only on ICP, COMP and recently bought STX I have minor (less than 20% losses). Generally, I have now about 240€ profit, so I would say it is going pretty well, but it was to be expected... until the bubble will pop. Which is almost certain to happen sooner or later. I heard some long-term predictions that it can happen od December 2022, but it can be also faster, so better get ready for that! Price wouldn't just constantly grow with only small corrections all the time. 

New Altcoins: STX and more accumulation of SOL and ENJ

As I said I make these last 3 purchases on not exactly regular basics (but in the long run it doesn't matter, it's still on average one purchase per week, even though I skipped one) I will refer to them normally. Also, my analyses weren't perhaps so in-deep as they should, considering the limited time I have.

So for the 13th week, I bought enjin. There wasn't any detailed analysis behind that, not having the time I decided to buy more of the coin which was the lowest of any I had at that moment - this is a DCA experiment after all. And also this is the kind of project I would like to support anyway, as I like gaming. 

For the 14th week, I decided to buy more of Solana as this was the best performing coin in my DCA portfolio. Also at that time, it was during a little correction, though for 10€ I still could buy only 0.075, much less than at the first time as currently, I have about half of Solana token.

And finally for the 15th week, which is quite a recent t purchase I bought STX, this time a new token. It is a kinda builder on Bitcoin, bringing more and better usability for it. And what I especially like is the fact that for stacking it you earn BTC. So I actually bought it for 20€, but as usual only half of it went to the DCA portfolio(the same as it was for Solana). And I think I will buy some more in the future.

Little change in schedule 

For the final note, considering my still tight schedule, so next report wouldn't be for 2 weeks (as it was supposed to be 2-3--3 per subcycle) but for 3 (so this subcycle would be changed to 2-3--2). Actually as much as by normal circumstances I intend to keep it as 2-3-2-3 I will do similar changes if it will be needed for that. 

As for my other blog... for that You'll have to wait a little bit longer. But it should be launched in less than a month. 

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