2018-01-16 Dollar Cost Average Log

Commentary: My intention is to accumulate Ethereum over the course of 2018 through dollar cost averaging.  My plan is to make daily purchases of approximately $100.00.  I say approximately because I’m using limit orders on GDAX to avoid paying a service fee.  Coinbase wants to charge me $2.99 per transaction if I use their automatic purchase feature.  That would translate into $1,091.35 (2.99 x 365) of fees!  Absolutely insane.

In a perfect world I would have started my daily purchases on January 1st.  Unfortunately the funds I deposited into my GDAX account didn’t become available until the 12th.  This explains the multiple purchases– I’m trying to “catch up” as the market presents opportunities.

 

7:36 UTC Purchased .083 ETH @ $1215.00 per ETH. Total cost: $100.24

ETH Accumulated: .555
Accumulated Cost: $726.74
Total Market Value: $674.33
Unrecognized Gain/Loss: $52.42 Loss

 

 

8:14 UTC Purchased .09 ETH @ $1115.00 per ETH. Total cost: $100.35

ETH Accumulated: .645
Accumulated Cost: $827.09
Total Market Value: $719.18
Unrecognized Gain/Loss: $107.92 Loss

 

 

9:49 UTC Purchased .099 ETH @ $1015.00 per ETH. Total cost: $100.49

ETH Accumulated: .774
Accumulated Cost: $
Total Market Value: $755.16
Unrecognized Gain/Loss: $172.42 Loss

 

9:28 UTC Purchased .107 ETH @ $935.00 per ETH. Total cost: $100.05

ETH Accumulated: .851
Accumulated Cost: $1,027.62
Total Market Value: $795.69
Unrecognized Gain/Loss: $231.94 Loss

 

22:27 UTC Purchased .117 ETH @ $860.00 per ETH. Total cost: $100.62

ETH Accumulated: .968
Accumulated Cost: $1,128.24
Total Market Value: $832.48
Unrecognized Gain/Loss: $ 295.76 Loss

Author: Crypto Clogger

Cryptoasset enthusiast, investor, and trader.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s