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Week 20 Recap
No new all time high this post; surprisingly the portfolio is up this week despite losses by the more mainstream cryptos. I was hoping to write a nice long "year in review" post for this week but I ran out of time this week. I started to build some charts that would have compared the portfolios gains if the experiment was started a year ago on January 1st, but many of the assets in the portfolio didn't even exist back then. The API I use only gave me prices for 7 coins: BTC, LTC, ETH, DASH, XMR, ZEC, and ETC. If $10 USD of each of those was purchased on January 1st ($70 USD total cost), they would be worth a combined value of $3,068 USD today:
Crazy! Anyways, sorry I didn't get a chance to go over some of the years biggest events in crypto, maybe next week.
Happy new years! I'm excited to see what 2018 has in store for us all.
Week 20 Results
Ripple (XRP) was the clear winner this week with a gain of +$63.92 USD (+108%). It doubled to become the portfolio's top asset by a massive margin. We'll see if it can hold on to it's gains over the coming weeks. If there's anything I've learned from this experiment so far, it would be to sell my weekly top performer and rebuy the next week :D For example, last week's two largest gainers were XDN and NXT; this week they're both dramatically down from their ATH's. This week's loser was NXT with a crazy loss of -$91.64 USD (-58%). The portfolio had a modest gain of +$41.85 USD (+4%).
|Symbol||Quantity||Price||December 24th||December 31st||Week Change $||Week Change %|
Want to follow along?
If you're Canadian and want to try the same thing, I use QuadrigaCX (wire transfer, interac online) and Coinbase (VISA, Mastercard, AMEX) to purchase bitcoin, ethereum, or litecoin to transfer to an exchange that supports all these alternative currencies. I used HitBTC to buy all 31 currencies, but many exchanges will work just as well.