2018-01-24 Dollar Cost Average Log

My Ethereum Dollar Cost Average Log is also available as a Google spreadsheet here.

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2018-01-24 Purchased .105 ETH @ $962.91 per ETH. Total cost: $101.10555

ETH Accumulated: 1.902
Accumulated Cost: $2,031.795
Total Market Value: $1,831.455
Unrecognized Gain/Loss: $200.34  Loss

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2018-01-24 Purchased .100 ETH @ $1,002.52 per ETH. Total cost: $100.25200

ETH Accumulated: 2.002
Accumulated Cost: $2,132.047
Total Market Value: $2,007.047
Unrecognized Gain/Loss: $125.002  Loss

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2018-01-24 Purchased .100 ETH @ $1,006.00 per ETH. Total cost: $100.60000

ETH Accumulated: 2.102
Accumulated Cost: $2,232.647
Total Market Value: $2,114.612
Unrecognized Gain/Loss: $118.035  Loss

2018-01-22 Crypto Market Musings

Well, 2018 is off to a ruff start.  Today’s market action seems to confirm what I’ve been thinking for a few days now– we are in a bear market.  Maybe, maybe not– but it sure FEELS that way.

Why is Crypto– both Bitcoin & Altcoins– falling?  Here are a few suggestions:

  • People waited for the new year to sell for tax reasons.
  • Continuously negative Crypto news from Asia.
  • Increased awareness of Crypto taxation.  Governments may not be able to stop Bitcoin– but they sure can tax it!
  • Unclear rules regarding taxation– How to calculate? How to report?
  • Realization that 2017’s massive gains are simply not sustainable.
  • Realization that many most Alt-coins have no, or very little, real value.
  • Realization that it may be a long time before any Cryptocurrency is adopted by the masses for regular day-to-day use.
  • Scaling and other technical issues.

Personally I’m convinced we have entered a bear market.  The real question is how long will the bear market last and how far will prices plummet?

2018-01-17 Dollar Cost Average Log

My Ethereum Dollar Cost Average Log is also available as a Google spreadsheet here.

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3:28 UTC Purchased .105 ETH @ $957.00 per ETH. Total cost: $100.49

ETH Accumulated: 1.073
Accumulated Cost: $1,228.73
Total Market Value: $1,026.86
Unrecognized Gain/Loss: $  201.87 Loss

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13:59 UTC Purchased .117 ETH @ $857.00 per ETH. Total cost: $100.27

ETH Accumulated: 1.19
Accumulated Cost: $1,329.00
Total Market Value: $1,019.83
Unrecognized Gain/Loss: $309.17   Loss

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