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Dollar cost averaging 16 Crypto projects vs Grid trading 2 projects. 20 week update

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Dollar cost averaging 16 Crypto projects vs Grid trading 2 projects. 20 week update

Last post link here

As per my last post on this project, I am doing to do a post regarding the statistics of 16 crypto projects, and also the result of grid trading BTC and ETH using a grid trading Bot (I used Pionex). The total amount used was $100 per project so far, and this was over 20 weeks. So $5 per week.

https://preview.redd.it/c1jv4nu53b2a1.png?580&format=png&auto=webp&s=ce899ee99b5b674c3149373589cef1f0394fa628

PHA (+27%) is still the best performing asset. NEAR protocol, however, is down by over 50%. Overall, I am still heavily in the red. Still better than last week, I suppose? Altcoins have been very bearish due to the turbulence in the markets recently

I am down at this point by -13.46%, or about $242.35. Good opportunities to continue DCA, and I am hoping for good gains during the bull market, Gotta stay positive

The crypto projects I dollar cost averaged into were a small assortment. I must disclose that I used Binance for this, as it was the most cost effective. Namely BTC, ETH, BNB, MATIC, DOT,ADA, LINK, ALGO, ATOM, GALA, WOO, NEAR, ATA, PHA, XVS, FTM. The reason for the weird assortment is because I wanted to see the way altcoins would move in the market as well.

I may add one or two more tokens to this, and any suggestions are welcome :) - I got a few suggestions to add VET, DUSK, or THETA since they are available on the binance auto-invest feature. I may add one of these next time

Thank you for the read! have a lovely rest of your day. Stay safe, and stay hydrated!

submitted by /u/pyritejet
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