Today marks my 1 month crypto-versary and it has been nothing by red double digits. And I love it!
I started with Bitcoin, as most do, with just a few small investments and slowly diversified into a few other cryptos that I spent some time researching. I did not get involved in cryptos to pump and dump and be led by hype - the coins I choose to put money into are those that I believe have a great product or service that can improve upon existing platforms or frameworks and will of course grow.
This is why I love the losses.
And why I am not scared or about to cash out due to a bearish market. Firstly, I am so new to this and would rather ride the waves and get more of an insight into the market. Secondly, as I said, I believe in these technologies - all good things require patience.
Anyway, here are a few screenshots from my crypto portfolio that I have at the moment. My investments are not substantial amounts, but enough to keep me interested and following the market. (NB. Prices are in AUD as of 3rd Feb 2018).
The dip in Bitcoin over January has been the biggest contributor to my losses. But I am not phased and know this will correct and grow over 2018.
I only recently bought some Ethereum, so not much has happened with it since then.
IOTA hasn't faired too well over the past fortnight and some people are reporting that will drop a little further before it starts to correct upwards. I think I might watch the charts and find a nice time to buy.
EOS on the other hand, has been mostly in the green and wasn't affected as much by the dip in Bitcoin towards the end of January. I think EOS will be huge and will also be looking for a good place to buy in soon.
I've made a few small investments in STEEM to grow and influence my Steem Power. The average cost of Steem from my investments are around $7 AUD. It hit $10 AUD at the start of the month and I think it will get back there soon.
This is a chart showing the amount of $AUD I have invested and the current value of my portfolio (3rd Jan 2018). As you can see, the value hasn't really moved much over time but I am still investing. Why? Because I believe in the cryptos.
I think the plan/strategy going forward for the rest of the year will be to
- consistent small investments in major coins (dollar cost averaging)
- do more research into other cryptos to invest in and diversify my portfolio some more and include coins with a range of different market caps.
Obviously I am not an expert and this is by no means financial advice - and I am no smarter than you and these are just my opinions and thoughts. So please do your research and only put in money that you are prepared to lose.
My Latest Crypto Articles
STEEM just hit $10 AUD... Talk about timing
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