Steemit Cryptoacademy Week 11 Homework Submitted To Professor @yohan2on| Cryptocurrency Investment Portfolio| By @bukkyi4u

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A very big thank you to professor @yohan2on for his Week 11 lecture on Cryptocurrency Investment Portfolio. I thoroughly enjoyed the lecture and now wish to make my submission in fulfillment of the homework task given. However, I am not going to use an exchange and my portfolio may not have lasted for up to 24 hours due to the fact that I came across the lecture just today. I would use the coinmarketcap portfolio feature to simulate the entire process while entering a position in the morning and waiting until night to see what the changes may be.

I have added a total of 6 coins to my portfolio and I would like to simply present them in a tabular form together with their corresponding values as at 11:45 AM EST, Saturday when I purchased them

Coin	Quantity bought	Total value
Bitcoin	Two(2)	$115,234.04
Steem	20	$17.48
BAT	10	$12.49
Binance USD	10	$10.00
PAX	10	$9.99
XRP	2	$3.12

I will now briefly explain why I decided to invest in each of them. However in explaining this I would like to point out the fact that I have carefully selected coins from the three major market capitalisations that can be seen in the cryptocurrency world. These include large market capitalisation, for coins with market cap of over $10 billion; mid-capitalization, for those with market cap between $1 billion and $10 billion; and low capitalisation for those with market caps below $1 billion.

Each has their significant role to play in my choices. These roles will be explained as I point each coin out.

Bitcoin

This choice from the large market cap is very strategic. It has more stability in the market than any other crypto. When its price rises, others also rise and vice versa. It is quite likely to remain as long as the crypto world exists; so, it forms a safe investment.

Steem

With a market cap of just above $300 million it falls in the lower market capitalisation. As a coin from the low cap, it has the potential of exploding in value in the near future from its current little price. Its price has increased in the past 24 hours but is not even as high as it used to be about a week today.

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Basic Attention Token (BAT)

Being in the lower market cap, BAT also has the potential of exploding, especially as its underlying protocol which is advertising revenue for users, advertisers and promoters is a very welcome development.

Binance USD

Binance USD is a stable coin and does not fluctuate quite easily. I chose it so that I can use it as a store of value when making entries so as not to be sharply greeted by the uncertain volatility in cryptos.

Paxos Standard (PAX)

PAX is in the mid-market cap. I decided to go for it because coins in the mid-market cap are generally struggling for greater liquidity in the market. So, it has a lot of potentials of growing profitably beyond its current price.

Ripple (XRP)

This coin is in the large market cap and has shown very strong resistance and strength in its trajectory for traction in the crypto space. It has very high potential and is a very good choice.

Steem and BAT are also important as you can increase your holdings by earning rewards in the two cases.

I have not been able to actually hold these coins in any particular wallet or exchange. However, I have simulated the exercise with coinmarketcap.com. I have held for about 5 hours and observed changes. Thus:

State of holdings at the initial stage:

State of holdings after about 10 hours:

Explanation of my investment portfolio at the stage of entry:

Here, the price of a single BTC was at $57,617.02, a 24hr 5.88% increase, giving an investment of 2 BTC at $115,234.04. Steem was at $0.8738, a 24hr 2.13% increase, giving an investment of 20 Steem at $17.48. BAT was at $1.25, a 24hr 2.72 increase, giving an investment of 10 BAT at $12.49. BUSD stood at $1 and is only acting as a stablecoin to aid my smooth entry into the market at any time. PAX stood at $0.9994, a 24hr 0.05% increase, giving an investment of 10 PAX at $9.99. Finally, Ripple (XRP) stood at $1.56, 24 hr 0.74% increase, giving an investment of 2 XRP at $3.12.

Final state of coins in tabular form

Crypto	Quantity bought	Initial value	Final value	Price change	Comment
Bitcoin	2	$115,234.04	$114,767.18	-$ 466.86	Decreased
Steem	20	$17.48	$17.48	$0.00	Remained stable
BAT	10	$12.49	$12.54	$0.05	Increased
Binance USD	10	$10.00	$10.00	$0.00	Remained stable
PAX	10	$9.99	$9.99	$0.00	Remained stable
XRP	2	$3.12	$3.13	$0.01	Increased

The above table encapsulates all my positions, their initial and final values as well as increase, decrease or stability in price.

Cryptocurrencies that increased in value and made me some profits

From the table above only the Basic Attention Token (BAT) and XRP increased by $0.05 and $0.01, respectively and earned me the same amounts as profits.

Cryptocurrencies that decreased in value and made me some losses

From the table only Bitcoin decreased in value ending with a $466.6.86 loss.

Finally, apart from Binance USD stablecoin, Steem and PAX remained stable while others either increased or decreased in value and either made gains or losses, respectively.

CONCLUSION

In all, the total value of my assets increased from $115,198.06 by 11:47 AM to $115,749.49 by 9:32 PM making a gain of
$551.43.

Thanks!!