The portfolio fell by $127.7 during August.
Here are the all-important stats (note, we are now using the combined portfolio that I referred to in last month’s review):
Acquisition Cost and Starting Bank for the Review: $1505.31 (September 29th, 2021)
Minimum Bank: $577.79 (June 18th, 2022)
Maximum Bank: $1928.41 (November 25th, 2021)
Number of Profitable Months: 4/11
Number of Losing Months: 7/11
Number of different crypto coins in the portfolio: 31
Current Bank: $729.11 (August 31st, 2022)
Return on Bank: -51.56%
The graph below shows the daily value of my portfolio from September 29th, 2021 through August 31st, 2022.
Looking at the graph above, we appear to be in an Accumulation Phase (about Day 260 onwards) rather than a Bear Phase (about Day 60 to about Day 260).
The Accumulation Phase typically happens before an uptrend. The Accumulation Phase is over when the market sentiment moves from a negative stance to a neutral one. During this phase, a lot of money is both entering and leaving the market at the same time.
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