Time flies and it turns out it has been already more than one year since I've been investing in cryptocurrencies. Wow, what an interesting time it has been - starting with buy and hold, day trading, and even building up a custom ethereum mining rig. At one time I even experimented with cloud mining contracts.
It all started in the July 2017 when the idea of purchasing crypto once in a month came after a brief conversation with a friend over Facebook, while I was enjoying mild Summer nights in Crete, Greece.
As I had already investments and even investment strategy, since the start of 2017. Desire or FOMO (fears of missing out) to acquire cryptocurrencies was so huge, that I quickly developed, so-called, Dollar Cost Averaging strategy to buy and hold cryptocurrencies. I had a plan to buy 3-5 cryptocurrencies each month, no matter the price, until the end of 2020.
In general, that is still in what I believe - dollar cost averaging, but since July 2018 I have stopped buying more cryptocurrencies, instead focusing on dividend stock portfolio. Let's say this I have taken pause in buying more crypto. Still holding though.
I opened an account on Coinbase, (it was easy to open an account there, but it took some time to actually get verified account and start trading) I bought ETH first, then bought additional litecoins and bitcoins, additionally I bough (exchanged) additional ripple (XRP) coins, again - FOMO. See: Why I Rushed to Buy Ripple (XRP) Cryptocurrency at $0.19
Dollar cost averaging in cryptos 13 month later
These are the coins I have in my crypto portfolio - bitcoin, litecoin, ethereum, ripple, bitcoin cash and siacoin.
During 2017 and 2018 I have invested in cryptos €2,445.08 (that's about EUR 200/mo) with a value set at €2,693.40 my portfolio has gained about +10%. Decent.
As you can see from the graph above - December / January was the All-Time Height.
