During the course of the year, we’ve seen the starting bank rise to a peak of $1928.41 in November 2021 and fall to a low of $577.79 in June 2022. After falling $31.63 since last month, the bank currently stands at $697.48, a drop of $807.83 over the year. During September, three new crypto coins were purchased.
Here are the all-important stats:
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: 4/12
Number of Losing Months: 8/12
Number of different crypto coins in the portfolio: 32
Current Bank: $697.48 (September 30th, 2022)
Profit/Loss: -$807.83
Return on Bank: -53.67%
The graph below shows the daily value of my portfolio from September 29th, 2021 through September 30th, 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.
In general, the best time to sign up for a crypto service is at or near the bottom of a bear market as this is the time when the coins are at their greatest value for long-term growth. So now is a good time.
Currently, you can snag quarterly membership at £199.97 or yearly membership at £599.97.
The next update is in two months.
