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I wish you all a very happy new year. As usual, I invested $20 in each of the top seven Reddit cryptocurrencies. These are the top subreddit cryptocurrencies for December:
| # for December 2022 | Subscribers | Minimum monthly active user volume |
|---|---|---|
| 1. Bitcoin | 4,768,621 | 665917 |
| 2. DOGE | 2,375,010 | 473822 (-20%) |
| 3. Ethereum | 1,603,819 | 129872 (-9%) |
| 4. Cardano | 694,917 | 134527 (-8%) |
| 5. Shiba-Inu | 477,143 | 87935 (-10%) |
| 6. Litecoin | 356,638 | 36877 (-14%) |
| 7. XRP | 355,394 | 26302 (-11%) |
| 8. Monero (for info) | 281,460 | 91829 (-17%) |
Minimum monthly active user volume: Estimated number of monthly active users by monitoring daily active users at different time zones.
Here is the result of my portfolios:
| Input (5 months) | Current Value (23-01-01) | Cryptocurrencies | |
|---|---|---|---|
| Reddit Index | $700 | $598 (-14.5%) | BTC, ETH, DOGE, ADA, SHIB, LTC, XRP |
| Crypto Tech Index | $700 | $559 (-20%) | ETH, BNB, DOT, ADA, AVAX, MATIC, IOTA |
Right now, DCAing feels like throwing money down the drain. Even when new money is added, the portfolios shrink. In crypto, you take one step forward only to go two steps back. Nonetheless, in this bear market, I intend to stick to my strategy and continue DCAing. As long as people use and create new applications for cryptocurrency, it retains utility and thus value. I'm hoping for better times ahead, until then I'll keep DCAing. In the meantime, remember to live healthy and invest in yourself - you are your most valuable asset.
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