Hello everyone, another new week and another edition of the Cryptocurrency HODL! How much is the profit today, did my investments go down or go up? Just HODL up we will answer the questions one by one, so sit tight and wait.

From last week, the total market cap was $428 billion, the total market cap is now $432 billion, $4 billion larger from last week. Bitcoin is still at $9,300 and Ethereum is now at $750. We now enter the last month of the EOS ICO, I think it will have a great launching when the ICO ends.

What is Cryptocurrency HODL?

It is a fantasy style of holding cryptocurrencies per edition I have an imaginary $100 to invest in my choice of crypto. The main goal of this is to see if investing in crypto is profitable in the long term. We buy the crypto with no trend analysis, we buy in maybe on a dip, or when it is at its All Time High.

Disclaimer: The investments here in this post is not true. This is just an experiment to see if holding cryptocurrencies are profitable. This is not investment advice. Invest at your own risk do some research first. Invest only money you can afford to lose.

First things first

Let us take a look at the stats we had in our last edition which was from May 2, 2018 a week ago.

List of acquisitions

5.9666 STRAT at $4.13 each
13.9665 KMD at $1.78 each
26.2283 STEEM at $0.9532 each
30.885 ETHOS at $0.8095 each
1845.15462396 ADA at $0.02710 each
0.7323861139592793 REC at $68.27 each
6.622516556291391 OMG at $7.55 each
8.090614886731393 LSK at $6.18 each
220.1876879852386 XRP at $0.227079 each
394.548912228649 SNGLS at $0.126727 each
752.5247204370664 XLM at $0.066443 each
12.85347043701799 RDN at $3.89 each
23.31002331002331 EOS at $4.29 each
12.22493887530562 WTC at $8.18 each
73.52941176470588 VEN at $1.36 each
0.388455114011576 Litecoin at $257.43 each
69.06602020871751 XLM at $0.723945 each
23.58490566037736 ADA at $1.06 each
16.55629139072848 POWR at $1.51 each
5.652911249293386 XRB at $17.69 each
0.8926977325477593 ZCL at $112.02 each
3232.793456826043 DENT at $0.030933 each
21.97802197802198 SALT at $4.55 each
0.2381 ETH at $420 each
1419.990628061855 XVG at 0.070423 USD each
562.5246104517073 SMART at $0.177770 each
177.7904206521353 POWR at $0.562459 each

Stats today

After another week our portfolio profit has taken a $200 hit, let us now recap 14 coins are in the green/profit zone while there are 10 that are in the red zone which are losses. Let us then continue to recap the stats for this week.

Status Recap

Last Week's Stats

Profit/Loss: $ +1,753.61
Top Gainer: ADA(+$609.52)
Biggest Loser: ZCL($-78.94)

This Week's Stats

Profit/Loss: $ +1,530.65
Top Gainer: ADA(+$522.25)
Biggest Loser: ZCL($-85.44)

Looking at the stats, the profit went down by $200, even though the market cap has risen $4 billion from last week. Looking at last weeks investment to POWR it is not doing well at the moment with a $30 loss. Let us then recap the top gaining coins, we still have the same top 3 from last week, as Cardano, EOS, and Vechain maintain their spots in our portfolio. Now for the bottom 3 coins it is still the same from the last edition too, with ZClassic, DENT, and NANO rounding up the bottom 3 coins, ZClassic was a real blunder as I bought it at its all time high before the fork happened.

That rounds up the stats for this week, let us now proceed then to invest our imaginary $100.

Spending Breakdown

We will go all in on one crypto for this week, and my pick will be EOS

5.580357142857143 EOS at $17.92 each

Disclaimer: The investments here in this post is not true. This is just an experiment to see if holding cryptocurrencies are profitable. This is not investment advice. Invest at your own risk do some research first. Invest only money you can afford to lose.

Final Things

Let us then see the latest portfolio after adding up the new EOS that we bought.

The total acquisitions cost is up now to $1,900. Now that is it see you again next week for the weekly cryptocurrency HODL!

If you want look into the portfolio you can visit it here:
https://www.cryptocompare.com/portfolio-public/?id=119332

Thank you very much for reading!