DCA Live Experiment: Month 6



In January, the tables were turned. The market has shifted from bearish to slightly bullish. Without further ado, here are the top seven cryptocurrencies on Reddit in terms of subscribers:


# for January 2023
Subscribers
Minimum monthly active user volume
1. Bitcoin
4,807,334
587,061 (-11%)
2. DOGE
2,379,566
405,944 (-14%)
3. Ethereum
1,632,788
117,652 (-9%)
4. Cardano
693,692
120,753 (-10%)
5. Shiba-Inu
477,398
135,131 (+53%)
6. Litecoin
356,284
37,954
7. XRP
355,382
23,802 (-9%)
8. Monero (for info)
284,939
75,063 (-18%)
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 where I invest $20 into each coin ($140 per portfolio) every month:

Input (6 months)
Current Value (23-02-01)
Cryptocurrencies
Reddit Index
$840
$959 (+14.5%)
BTC, ETH, DOGE, ADA, SHIB, LTC, XRP
Crypto Tech Index
$840
$956 (+13.8%)
ETH, BNB, DOT, ADA, AVAX, MATIC, IOTA

The reddit portfolio, as well as the crypto tech portfolio, recovered from the FTX crash in November. Within just a month, both portfolios went from double-digit losses to double-digit gains. What a roller coaster it has been in Crypto! I buy every month as part of a DCA strategy, regardless of whether the market is up or down. This month's purchase felt like a bad deal because I received less crypto for my money than in previous months. Part of the DCA strategy is to stay in the market as long as possible rather than trying to time it. With DCA, I learned in the last months to be more disciplined in order to follow the strategy rather than my emotions. Whether the market is up or down, I'll stick to my DCA strategy. I'm looking forward to seeing how the portfolio evolves over time.