I scrambled down to my “Crypto Market Is Taking a Dive” bunker two weeks ago and emerged today, pleasantly surprised. After weathering big drops since the first of the year, I’ve finally squeaked back into the black with the ‘ol cryptofolio.
In the interest of full disclosure, the first half of that paragraph is a lie. I didn’t actually go down in a bunker. But there were times that I wanted to run out in traffic.
Okay, not really (again).
But that gif was too good to not have a lead in.
At risk of making up another tall tale, let’s just launch into the weekly overview. Here’s the rundown:
Portfolio by Percentage
- Litecoin (LTC): 36.80%
- Ethereum (ETH): 24.41%
- Ripple (XRP): 12.82%
- ZCash (ZEC): 8.67%
- DigiByte (DGB): 5.96%
- Siacoin (SC): 4.13%
- Verge (XVG): 2.94%
- Monero (XMR): 1.25%
- Stellar Lumens (XLM): 1.08%
- Bitcoin (BTC): 1.04%
- Bread (BRD): 0.92%
Percentage Gain/Loss Since Last Column (January 26, 2018)
Percentage Gain/Loss Calendar YTD
Additions to the Portfolio for the Week
After HODLing through the first two weeks of the market dip, I jumped back in with large(ish) purchases to add to my existing Ripple, DigiByte and Siacoin. I also made my first-ever buy of ZCash. The purchase of the altcoins pretty much wiped out all the Bitcoin I had banked, accounting for its dip in my running tally of portfolio by percentage. I also flipped a little Ethereum.
One Thing I Learned
I’m not sure this is necessarily something I learned, but during the last couple weeks it seems some of the Facebook “know-it-alls” in regards to the Crypto Market have slunked away in silence. As Bitcoin was reaching nearly $20k in December, my Facebook feed was filled with cryptovangelists claiming they had figured out the market and trying to sort out where they would park which Lambo.
I’m sure they’re not gone for good, but it’s been a nice break from the Facebook lives showing me step-by-step how I could buy low on altcoins and strike gold. GOLD, I tell you, GOOOOOOOOOLD!
I feel like I’ve earned a medal for hanging in there during the recent dip. I know that we likely aren’t out of the woods yet, but it was my first time through it and I stuck to the plan of being “in” for the long run.
There were times when the numbers on the old Blockfolio feed got teeny-tiny, but I never wavered. It all just gives me further confidence to continue to research, learn and grow with the incredible potential that the crypto market offers.
Let’s Go Crypto Crazy!
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