Isn't it funny how cryptos, completely digital money, all have a logo of an actual coin? Weird when you think about it. A picture of a coin with the logo of something that doesn't physically exist. Ethereum.
OK, it's 10 days after I picked the things I would invest in, if I had $10,000. So this is a paper trade experiment, where I'm pretending to invest in these, and I'll sell a bit and buy something else, as I would if actually investing, if I see the need. I'm tracking them, and I'll track them over the next year or two, and see how these pan out. They were all cryptos, I wouldn't invest in anything else right now, and I figured overly high fees of 5% for each transaction. When I picked these, I was looking out 1 to 2 years, generally. Some of these I might "sell" and take profits, which I will mostly likely invest into other cryptos. That was the idea.
Here's the original post from December 11, 2023, explaining the idea.
I'm planning to write a blog post every month, to see how my paper trades are going. I wasn't expecting much of anything already, but I saw crypto has bumped up, as the bond market soars and interest rates plummet (usually a sign of a looming recession).
For the initial post, I picked 8 cryptos, and "invested" between $250 and $2,000 in each, on December 11, 2023, and recorded the prices on that day. I'm looking forward to January 8th, the first potential announcement date of the BlackRock Bitcoin ETF, which is one big event coming up for Bitcoin. Anyhow, after ten days, 6 went up, 2 went down.
So the initial investment was $9,500 into crypto, (with $500 in estimated gas fees), on December 11.
Here's the list, the amount of each purchased, today's price for each, and current value today.
Bitcoin- .02399 BTC- $43,595 = $1,045.84
Ethereum- ,4518 ETH- $2,226 = $1,005.71
Apecoin- 1,234.56 APE- $1.62 = $2,024.68
Avalanche- 56.931 AVAX- $35.13 = $2,603.41
Solana- 14.357 SOL- $92.65 = $1,330.18
ThorChain- 172.413 RUNE- $5.33 = $ 918.96
Polkadot- 74.962 DOT- $8.23 = $616.94
Polygon- 595.238 MATIC- $.80 = $476.19
Sandbox- 490.196 SAND - $.54 =264.71
Decentraland- 510.204 MANA - $.52 = $265.31
$9,500 "invested" on 12/11/2023 in total crypto (+5% estimated gas fees, $500)
Total value of crypto after 10 days- 12/21/2023- $10,551.93 Up 11.07% in ten days. Not bad.
See original $10,000 Investment challenge post for initial prices "paid" in this paper trade experiment.
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