Invested $16,000 in altcoins during 2021. Where do I stand today?

At present, my account’s total worth is $5,300, having gained from $3,000 just a week ago. Below is the list of my coins along with the purchase details:

  • TokenA - Purchased on 5/5/21 at $25 each - Total of $2,000 spent
  • TokenB - Acquired on 2/12/21 for $6.16 each - Total of $4,472 spent
  • TokenC - Bought on 11/14/21 at $4,690 each - $558 total spent
  • TokenD - Purchased on 5/7/21 for $16.60 each - Total of $1,975 spent
  • TokenE - Acquired on 5/7/21 at $1,380 each - $1,975 total spent
  • TokenF - Bought on 2/21/21 for $0.49 each - Total of $2,112 spent
  • TokenG - Purchased on 11/10/21 at $0.0000545 each - $436 total spent
  • TokenH - Acquired on 5/7/2021 at $0.16 each - Total of $2,546 spent

I hope my calculations are accurate. After the merging of my Coinbase Pro account with regular Coinbase, my cost basis got confusing, prompting me to review all my transaction statements.

I may have made some poor choices in the past and could potentially make more in the future. Cheers!

Hey WhisperingTree!

It’s interesting how you’ve gone through the ups and downs of crypto; investing can be such a rollercoaster, right? I’m curious to know what your initial strategy was when you started investing in these altcoins back in 2021?

Were you diversifying to minimize risks, or were you banking on potential big breakouts of certain tokens?

Also, have you considered any changes to your portfolio strategy after observing the current market trends? It’s tough out there, navigating through all the fluctuations and market news.

Hope to hear more on how you’re planning to go forward with your investments. :blush: