The so-called correction just happened, Bitcoin (BTC) during this 2nd week of the experiment went from its ATH of $20.001,50 to the current price of $14.029,00.
Day 13 was the best day so far, the gain was of $1511 USD. Even with the price correction, the gain of the week is still good, we went from $404 from the first week to $952, that’s a 135.64 % gain.
Let’s talk about our Top 5 cryptocurrencies
The best overall gainer is Verge (XVG), what an incredible week, when we bought it 2 weeks ago, the price was as low as 0.00792891 USD and it’s now 0.10362126 USD, a major gain of 1206.88 % . Verge always had a big potential, but what caused the spike? is it the imminent release of Wraith Protocol?
Tron (TRX) is still doing a good job, it was the best performer for week 1 and it’s now sitting in the 2nd place. It’s going to be traded on Okex and there are rumours about new exchanges. Ripple (XRP) breaking the $1 USD has reached a huge milestone, a dream for many early investors. Qtum (QTUM) a new entry on our top 5, we first bought 0.89361057 at $9.77 and now worth $40.45. Cardano (ADA) who was 4th last week on the top 5, moved to the 5th position still with a good gain of 309.92 %.
Profit of the week in USD: $952
Profit of the week in BTC : 0.07 BTC
Top 5 cryptocurrencies so far :
- Verge (XVG) +1206.88 % , from $9.62 to $125.72
- Tron (TRX) +877.75 % , from $10.04 to $98.13
- Ripple (XRP) +399.41 % , from $9.75 to $48.69
- Qtum (QTUM) +313.96 % , from $9.77 to $40.45
- Cardano (ADA) +309.92 % , from $9.57 to $39.23
A recap of all the 100 Cryptocurrencies and how they are performing against USD
Balance by day in USD :
Balance by day in BTC :
- Got $ 1000 USD in Bitcoin from Coinbase (It’s probably the fastest way to get some, they accept debit cards and it’s almost used worldwide)
- Used part of the Bitcoins to buy the other cryptocurrencies/altcoins
- I used Binance , Kucoin and Hitbtc to buy most of the cryptocurrencies
- All the others on Mercatox , Cryptopia
- Another part on Bittrex
- Added all the trades on Cointracking.info
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Are you taking your profit out, or leaving it in? I am running a similar experiment, albeit putting $1k into 5-7 different AltCoins: Tron, FunFair, Ripple, Bytecoin, Waves, and Litecoin.
Hi Perry,
No, the experiment has to run for 5 years, so until then I won’t be selling.
Do you have a prediction for where this will end up in 5 years?
That’s a great question.
I believe some of these coins will die out and some of them could be what’s now a LTC or ETH.
Predict this value on January 1st, 2019:
XRP
BCN
Waves
Fun
TRX
ICX
I am enjoying your site. I appreciate the tutorials and the work you put into this. Question – about how much time did it take from buying the BTC to transferring into other crypto and figuring out how to store it all?
Hi Jt,
I spent few days to understand how I was going to operate. Then bought BTC sent it to the exchanges and bought all the other coins.
I might be making a tutorial on how to run the experiment, step by step.
That would be great. I think it is a good strategy, but is just a little daunting figuring everything out at the beginning in terms of steps and methodology.
Is there a walkthrough to how to make that chart showing initial investment and profit so far?
Can you please send me a link to the chart?
https://buyandhold100crypto.com/week-2-952-usd-gained/week-2-top-100-usd/
Sure, once you add all your cryptos you need to go on this link to find it : https://cointracking.info/gains.php
I come here once a day to see how your portfolio is doing, I am currently doing the same thing and seeing great returns. TO THE MOON!!!!
Great Frank, I’m glad you’re doing well 🙂 What’s your best crypto?