MultiversX Tracker is Live!

On July 12th, 2023 I invested $51900 into 60 different projects at $865 equally into each. Here are the results: Worst performing: LTC (-36%); best performing: HNT (+870%).

All Cryptocurrencies

by COINS NEWS 60 Views

Edit: I mad ea mistake, HNT is up 550%. Trying to post his on a mobile browser is a terrible experience. Sorry about that! And LTC is down 27%. My god, where did I get this math?

A few notes: Even though I tried to put $865 equally into each project, some were not exactly $865. Some were maybe $850, while others were $870, but the majority were closer to exactly $865. And the total of X and Y coins purchased might actually be off by a few percent because I rounded off some when adding it to my portfolio tracker. I also used many different modes of purchasing the coins to avoid getting hacked and losing it all, from eToro to Binance to Coinbase. Also, some were purchased a few days later but the majority were purchased on July 12th.

Here is a screenshot of my portfolio tracker. What I took away from this investment experience is:

  1. Diversification is king.
  2. This was a huge gamble.
  3. I plan on doing this when the market crashes by 75%.
  4. I wish I had DCAed. I honestly have no idea why I did not. There were times I could have bought the best performing ones at a major discount.
  5. Reverse r/CC.
  6. Due to a few kings (HNT, SOL... I know it is hated here, RUNE, and INJ), I was able to pretty much 2x my investment.
  7. LTC what the hell are you doing?

My advice to you:

  1. Do not invest in any of the crypto projects that have already 5x or 10x. They will not retain their value. I have done this many times since 2017, and every project in my portfolio that has done 5x or 10x in the last year has fallen just as much during a bear market.
  2. Funnily enough, even though LTC was my worst-performing one, it was actually the most resistant to price crashes during the bear market. At a few times, it was actually up tremendously %wise, but I never sold because the gains were minimal $wise and not worth it at that time, relatively speaking. So even though it was the worst performing, it is actually a good store of value if you do not care about long-term gains.
  3. Seriously, do not buy any crypto projects that have already mooned.
submitted by /u/SquatDeadliftBench
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments