The whole problem is that you shouldn't invest in different coins like this, but you should put it all into one and then sell it at a +10% after 30 days, for example, but this is a strategy for long hold.
Analysto
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What I Learned from Buying $1 Worth of Crypto Every Night for 30 Days (Part 1)
For the last 30 days, I’ve been buying $1 worth of cryptocurrency every night at 9 PM. I didn’t expect to get rich, but I wanted to see what would happen if I followed a simple routine of buying one different coin each night. By the end of the month, I had bought 30 different cryptocurrencies. Here’s what I learned from this experiment. The Plan: $1 a Night, 30 Different Cryptos The idea was simple: every night, I would spend $1 on a different cryptocurrency. I thought that by buying many coins, I would reduce risk and protect myself from big losses. This would also give me a chance to learn more about the world of crypto investing without spending too much money. But things didn’t go exactly as planned. Crypto Prices Move Up and Down Quickly One of the first things I noticed was how fast crypto prices change. Some nights, the coin I bought would go up by 10% or more overnight. Other nights, it would drop by 10% or more. The price swings were huge, and I often found myself checking my portfolio more than I expected. Even though I was buying a variety of coins, my portfolio was still very volatile. In fact, the market seemed to move in big waves. When one coin dropped in price, others followed. I realized that crypto is much more unpredictable than I thought. Diversification Doesn’t Always Protect You I believed that by buying 30 different cryptocurrencies, I was spreading my risk and protecting myself from big losses. But that wasn’t always the case. Sometimes, when the market as a whole dropped, almost all the coins in my portfolio went down. Even though each coin had its own story, they all seemed to react the same way when the market turned negative. At times, a few coins did well, but they weren’t enough to make up for the bigger losses. So, while diversification can help, it didn’t shield me from the ups and downs of the crypto world. Timing Matters More Than You Think Buying $1 worth of crypto at the same time every night was simple, but it didn’t always work out. The price of cryptocurrencies can change quickly, and sometimes I bought at the wrong moment. If I had paid attention to market trends or used a smarter buying strategy, I could have made better decisions about when to invest. Timing in crypto is very important. Some days I’d get lucky and catch a coin at a good price, while other days I’d see my coins lose value almost immediately. Learning About the Coins One surprising benefit of this experiment was learning more about the different cryptocurrencies. Every night, I would spend some time reading about the coins I was buying. I learned about their goals, who was behind them, and what problems they were trying to solve. While some coins seemed promising, others felt more like a gamble. This research gave me a deeper understanding of the crypto space and helped me think about what I might want to invest in long-term. The Stress of Watching Prices Change I didn’t expect how stressful it would be to watch my portfolio change every day. Some nights, I would feel excited when a coin went up in value. Other nights, I would feel frustrated when a coin dropped. It made me realize how easy it is to get caught up in the emotions of crypto investing. The key takeaway? It's important to stay calm and not make decisions based on short-term changes. The price of crypto can move in wild swings, and it’s easy to feel overwhelmed if you’re not careful. What’s Next? After 30 days, I’ve learned a lot about how crypto markets work. In Part 2 of this series, I’ll go into more detail about the specific coins I bought and share how my portfolio has performed. For now, it’s clear that the crypto world is far more unpredictable than I thought. Diversification doesn’t always protect you, and timing your buys can make a big difference. FOLLOW for Part 2, where I’ll go deeper into the results and share my thoughts on the next steps for my crypto investments.
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