Running for Neo #3 (Total 35 KM, 199 days until the Marathon of Berlin)
Dollar Cost Averaging Neo for every kilometer!
In 199 days I will be running the Marathon of Berlin on the 19th of September. Today I have started my official preparations. As an experiment I will be using a variant on dollar cost averaging, at which I will invest 1 dollar for each kilometer that I run in preparation of the marathon in both NEO and GAS. This will therefore be both a blog of both my runs as well as an exercise to see what kind of investment performance can be achieved by dollar cost averaging Neo.
Today's run
This evening a ran across the Saigon bridge to the new riverside central park. I ran around 10 kilometers on an easy pace as I need to go easy a little as tomorrow morning I will go for a more aggressive speed run in the morning.
Neo price
Neo seems to be getting very expensive in just three short days the price has increased 24 percent to 144.03 USD. Today I will purchase 10 usd worth of NEO and 10 usd worth of GAS. I guess I should have run a full marathon the day before yesterday. My weighted average price is now $125.22 for NEO and $38.53 for GAS. So the return for both is now around 15%.
| Date | KM | Neo Price | Gas Price | Neo | Gas |
|---|---|---|---|---|---|
| 25 February 2018 | 17.01 | $115.87 | $35.38 | 0.15 | 0.48 |
| 26 February 2018 | 8.19 | $121.15 | $37.42 | 0.07 | 0.22 |
| 27 February 2018 | 10.23 | $144.03 | $44.67 | 0.07 | 0.23 |
| Total | 35.43 | 0.29 | 0.93 |
Previous posts:
Which crytocurrencies will be in the top 10 on July 2018?
Expat supply chain professional working in Vietnam | Blockchain enthusiast | Runner
Neo: at the right place at the right time
Nebulas: solving some of the greatest challenges in blockchain technology
Elastos (ELA): white paper deep-dive
Running for Neo #1 (Saigon Vietnam 17 KM/USD)
Running for Neo #2 (Total 25 KM, 200 days until the Marathon of Berlin)
I love it. This is a very cool and imaginative approach to investing... although I guess you've got to hope the purse-strings don't become a disincentive to training! I think, with my own financial situation, I'd need to be a bit more conservative and opt for something more like a 10k! ^^
Thanks, haha yes I guess there is a certain maximum amount of kilometers anyone can run depending on the monthly income.
Great way to link running and crypto investing! Good luck.
Thanks, just posted my next run already.