{"id":390,"date":"2021-07-14T05:03:16","date_gmt":"2021-07-14T05:03:16","guid":{"rendered":"https:\/\/ritwick.com\/blog\/?p=390"},"modified":"2022-04-06T02:53:35","modified_gmt":"2022-04-06T02:53:35","slug":"a-longterm-crypto-investment-experiment-with-1000-usd","status":"publish","type":"post","link":"https:\/\/ritwick.com\/blog\/2021\/07\/14\/a-longterm-crypto-investment-experiment-with-1000-usd\/","title":{"rendered":"A longterm Crypto investment experiment with 1000 usd"},"content":{"rendered":"
Inspired by similar experiments, I thought it would be cool to invest $1000 into 20 different cryptocurrencies with $50 each<\/strong>. So in this experiment I bought 20 different altcoins costing 50 dollars each<\/strong> and plan to ‘hodl’<\/strong> them longterm atleast for a year. Mind you in crypto, 1 year is probably equivalent to atleast 3 years in stock market as crypto is 24×7, worldwide market.<\/span><\/div>\n

.<\/p>\n

As part of this experiment I’ll update this blog every 14th<\/strong> of upcoming months as I bought these 20 crypto today on 14th July 2021<\/strong>. I’m using blockfolio<\/strong> to track investments. Being mostly a swing trader, I’ve not been into investing for ‘long term’ up until now, so this is a small part of my total crypto portfolio for the sake of this experiment of getting the best blockchain projects with excellent developments, growing community, good prospect. So these are the 20 altcoins that I got as part of this experiment :-<\/strong><\/span><\/div>\n

.<\/p>\n

\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0Cryptocurrency<\/b><\/span><\/td>\nPrice<\/b><\/span><\/td>\nAmount<\/b><\/span><\/td>\n<\/tr>\n
\u00a0 Ethereum (ETH)<\/span><\/td>\n1969.22<\/span><\/td>\n0.02539<\/span><\/td>\n<\/tr>\n
\u00a0 Binance Coin (BNB)<\/span><\/td>\n308.72<\/span><\/td>\n0.162<\/span><\/td>\n<\/tr>\n
\u00a0 Cardano (ADA)<\/span><\/td>\n1.2701<\/span><\/td>\n39.38<\/span><\/td>\n<\/tr>\n
\u00a0 PolkaDot (DOT)<\/span><\/td>\n14.41<\/span><\/td>\n3.471<\/span><\/td>\n<\/tr>\n
\u00a0 Cosmos (ATOM)<\/span><\/td>\n12.88<\/span><\/td>\n3.884<\/span><\/td>\n<\/tr>\n
\u00a0 Litecoin (LTC)<\/span><\/td>\n133.08<\/span><\/td>\n0.376<\/span><\/td>\n<\/tr>\n
\u00a0 Basic Attention Token (BAT)<\/span><\/td>\n0.533<\/span><\/td>\n93.84<\/span><\/td>\n<\/tr>\n
\u00a0 Vechain (VET)<\/span><\/td>\n0.07272<\/span><\/td>\n688.1<\/span><\/td>\n<\/tr>\n
\u00a0 Avalanche (AVAX)<\/span><\/td>\n12.09<\/span><\/td>\n4.137<\/span><\/td>\n<\/tr>\n
\u00a0 Chainlink (LINK)<\/span><\/td>\n16.995<\/span><\/td>\n2.945<\/span><\/td>\n<\/tr>\n
\u00a0 Uniswap (UNI)<\/span><\/td>\n18.76<\/span><\/td>\n2.667<\/span><\/td>\n<\/tr>\n
\u00a0 TrustWallet (TWT)<\/span><\/td>\n0.327<\/span><\/td>\n152.96<\/span><\/td>\n<\/tr>\n
\u00a0 Ren (REN)<\/span><\/td>\n0.336<\/span><\/td>\n148.8<\/span><\/td>\n<\/tr>\n
\u00a0 Solana (SOL)<\/span><\/td>\n29.78<\/span><\/td>\n1.679<\/span><\/td>\n<\/tr>\n
\u00a0 1inch<\/span><\/td>\n2.3599<\/span><\/td>\n21.2<\/span><\/td>\n<\/tr>\n
\u00a0 Internet Computer (ICP)<\/span><\/td>\n37.26<\/span><\/td>\n1.34<\/span><\/td>\n<\/tr>\n
\u00a0 Tezos (XTZ)<\/span><\/td>\n2.8655<\/span><\/td>\n17.46<\/span><\/td>\n<\/tr>\n
\u00a0 Pancakeswap (CAKE)<\/span><\/td>\n14.468<\/span><\/td>\n3.459<\/span><\/td>\n<\/tr>\n
\u00a0 Tron (TRX)<\/span><\/td>\n0.05914<\/span><\/td>\n846.2<\/span><\/td>\n<\/tr>\n
\u00a0 Wanchain (WAN)<\/span><\/td>\n0.55<\/span><\/td>\n91<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

14th July’21 = 1000 USD (Initial Investment)<\/strong><\/p>\n

14th Aug’21 = 1515 USD\u00a0 (+51.5<\/strong>% cumulative gain)\u00a0<\/span><\/p>\n

14th Sep’21 = 2167 USD\u00a0 (+116.7<\/strong>% cumulative gain)\u00a0<\/span><\/p>\n

14th Oct’21 = 2218 USD\u00a0 (+121.8<\/strong>% cumulative gain)\u00a0<\/span><\/p>\n

14th Nov’21 = 2680 USD (+168<\/strong>% cumulative gain)\u00a0<\/span><\/p>\n

(Edit – Nov’21 Update) :-<\/strong> I sold all the crypto I had<\/strong> at this point alongwith this experiment portfolio since the market was overheated with crazy shitcoins & memecoins, looking back in hindsight 2 months later, it was a good decision<\/strong>. I consider this experiment a success at<\/strong> 2.5x return on initial investment in 4 months<\/strong>)<\/em><\/span><\/p>\n

Let’s see how this experiment goes. I’m optimistic in the future of blockchain and cryptocurrencies so I hope this portfolio doesn’t fail in profting in the long run but since nothing is certain in life I don’t rule out the other possibility either\u00a0 \ud83d\ude42\u00a0 You may invest the same in this portfolio of projects if you’re enthusiastic on the future of blockchain and crypto.<\/p>\n","protected":false},"excerpt":{"rendered":"

Inspired by similar experiments, I thought it would be cool to invest $1000 into 20 different cryptocurrencies with $50 each. So in this experiment I bought 20 different altcoins costing 50 dollars each and plan to ‘hodl’ them longterm atleast for a year. Mind you in crypto, 1 year is probably equivalent to atleast 3 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-390","post","type-post","status-publish","format-standard","hentry"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/posts\/390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/comments?post=390"}],"version-history":[{"count":29,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/posts\/390\/revisions"}],"predecessor-version":[{"id":489,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/posts\/390\/revisions\/489"}],"wp:attachment":[{"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/media?parent=390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/categories?post=390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ritwick.com\/blog\/wp-json\/wp\/v2\/tags?post=390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}