Out of the top 20 altcoins, 2/3 performed worse than BTC in the last 3 months
Not sure if this is of interest to anyone, but I thought I'd share. In August 2017 I started with crypto and got burned thinking I was a daytrader. Burned through sats, but didn't get entirely burned in fiat because I got in before the end of year madness. Since then I've just DCA'd occasionally into BTC and ETH, and kept a tiny bit of play money for trying swing trading on alts. For those that were around during these times, we all remember alts bleeding on BOTH the up and down volatility of bitcoin. This experience made me pretty weary of alts, not just from trading, but from long term holding as projects died over the last couple years. Ultimately, everyone is hoping for a 1000x small-cap project, but the reality is that most projects have a peak and then fizzle and you have to be okay with that risk. I picked an arbitrary timeline (3 months) to check out the performance of the top 20 alts against BTC measured in sats (ignoring DOT because it's too new):
Number of alts that gained value compared to holding BTC: 7 Average gain of positives: 24% Number of alts that lost value compared to holding BTC: 13 Average loss of negatives: -27% Average if you had invested evenly across top 20: -10% For me, this has been my experience with alts. Long term holds of alts usually leads me to pain. I enjoy playing around trying to increase my sat stack with some spare cash, but in general am now sticking to BTC/ETH. Picking a winning project seems to be more luck than anything, as (in my opinion) it's more about short term hype, and most good projects STILL fade in sats as people lose interest in making a quick buck. I totally understand that I picked an arbitrary date range, but it's just food for thought, and maybe some of you guys have some interesting perspectives on how you feel about alt trading.
Reviewing the top 50 cryptos as of 09/15/2020 revealed some interesting items to note. Of the 50, only 7 have negative ROI. Algorand has the second highest only to be bested by ZCash. Bitcoin ROI 7,877.04% Ethereum ROI 9000% Tether ROI 0.08% XRP ROI 4,069.93% Polkadot ROI 87.20% Bitcoin Cash ROI -57.41% Binance Coin ROI 9000% Chainlink ROI 7,138.70% Crypto.com Coin ROI 753.54% Litecoin ROI 1,038.67% Bitcoin SV ROI 86.21% Cardano ROI 335.74% EOS ROI 163.89% TRON ROI 1,282.96% USD Coin ROI -0.33% Tezos ROI 440.90% Stellar ROI 2,560.94% Stellar ROI 2,560.94% Monero ROI 3,532.85% Neo ROI 9000% UNUS SED LEO ROI 9.44% yearn.finance ROI 3,411.23% NEM ROI 9000% Huobi Token ROI 221.13% Cosmos ROI -22.64% UMA ROI 1,023.37% VeChain ROI -14.13% Aave ROI 3,941.56% IOTA ROI 9000% Dash ROI 9000% Dai ROI 2.57% Wrapped Bitcoin ROI 208.08% Ethereum Classic ROI 593.27% Zcash ROI -98.60% Ontology ROI -68.73% OMG Network ROI 568.78% TrueUSD ROI 0.12% Maker ROI 1,982.73% THETA ROI 242.81% Synthetix Network Token ROI 942.33% Compound ROI 55.26% Algorand ROI -89.10% OKB ROI 288.81% FTX Token ROI 284.56% Basic Attention Token ROI 46.2% Dogecoin ROI 403.98% Kusama ROI 2,271.36% BitTorrent ROI 181.38% 0x ROI 300.37% Celo ROI 211.42% NXM ROI 515.36% What does this say? To me, it says that this coin was not only overhyped, it was and is completely overvalued as of this date. It has a near -90% ROI. In my opinion, that means early investors didn’t get what they were expecting, the pre-ICO team was way off base, and the valuation was done by persons inexperienced with the crypto space. It’s hard to see how the miss could have been so far off. 77% (approx.) of eligible buyers took advantage of the early refund process. This says a lot about confidence of returns. The auction schedule has changed which now favors early backers/relay nodes in a questionable manner. And there is no information as to the next auction which leaves relay nodes as one of the few mechanisms by which large amounts of coins are introduced into the market. Billions of coins still need to enter the market and the process is to hold off on auctions and allow relay nodes and founders to stabilize the price via timing of the introduction of coins. In short, managed demand for a product that does not have the retail demand to move the price to near introduction price. Wrapped Bitcoin had a 6 month head start and an almost 300% difference in ROI. as far as Zcash, we won’t go there. But it is interesting to note that it uses some of Micali’s work and Zooko Wilcox-O’Hearn did reference prior works by Micali re: the Goldwasser-Micali-Rivest Signature Scheme. I may have to amend my prediction of ETH displacement by several years since it’s very unclear now as to when all coins will be in the market. Think about it, would you invest in a 401k that had a ROI of near -90% ? This isn’t FUD. Where most coins provided a reasonable valuation, Algorand for some odd reason had this ridiculous valuation which exposes the inexperience relative to the crypto space. “Let’s hire some folks, tell them what we FEEL it’s worth, and get some people to market it. Oops looks like we seriously overvalued this thing.” Schedule the auctions back to the original timeline. Let the price be dictated by the market as it needs to be. This will generate the needed demand and the price/valuation will be corrected by market forces and not a select group. Sure some will lose, but some will gain in the sell off. There is no way to moon if a select group regulates the influx of coins without a competing mechanism. This is not financial advice. Do your own research. This post is for entertainment purposes only.
10-23 10:25 - 'My story since I traded cryptocurrency' (self.Bitcoin) by /u/LucianBitcoin removed from /r/Bitcoin within 74-84min
''' My name is Lucian Chuck, and I used to be a normal student in Texas. My family was poor when I was 18. I even had to have 2 part-time jobs so that I can pay my meal in the campus. It was lucky that I knew cryptocurrency in 2017 when ICO was hot at that moment. When I first met ICO, I don't know if it was scam or not, all in my mind was that it might be the chance to make me rich and get rid of poverty. After then, I sold my ruddy car, it was sort of like this one: [link]3 The dealer was nice, even such a bone shaker, he still gave me a nearly $2k offer. Fortunately, the ICO I invested exploded from $1 to $50. The first time I traded crypto, I earned 80 grands. If you have experienced the ICO wave in 2017, you would have known that making money from ICO was a piece of cake. When I graduated in the spring, 2018, I cashed out with 50k USD. I became the richest one in my dorm. I drove my full paid Mustang, and rent the best apartment in Dallas. However, I got rekt since I was crazy about do 100X leveraged trading on BitMEX... At first, I was satisfying my addiction to gambling... Then, I wanted to win my money back... Last month, my account on BitMEX was liquidated... Damn, I became a poor man again. That is the story was gonna end. Though I met BitOffer Quantitative Fund, the poster really attracts me: "Capital & Interest Guaranteed". I thought it was scam, but when I read their article, I found that it was interesting: "After long-term research which made BitOffer fully understand the market’s requirement, BitOffer Official cooperated with the Asian team of Goldman, launched the first capital & interest guaranteed BTC quantitative fund. Using strategies like quantitative hedge, arbitrage, and high-frequency trade, the APY of the fund named “DEF №1” will make the 20% APY to be promised, which is 4 times higher than other funds provided by other exchanges. What is more, redeem is available anytime, and whenever investors choose to redeem their capital, the capital will still be guaranteed. It deeply fits the investors’ demand for chasing high returns but being stable and safe." from: [The First Capital & Interest Guaranteed Bitcoin Quantitative Fund Came, Farewell to Yield-Farming]1 I decided to find a job, and invest in BitOffer Quantitative Fund to get 20% fixed return but still get my investment to be guaranteed. Now I sold my Mustang, and live in a motel. This time, I decide to grow my asset in a stable way. Now you can check their [website]2 to know more also. I will update my daily investment everyday. Follow me ''' My story since I traded cryptocurrency Go1dfish undelete link unreddit undelete link Author: LucianBitcoin 1: *edium**o*/*i*-offe*-e*g**sh/the-fir*t*cap*tal-i*te*es*-guar***e*d-bit*o**-q*a*titative-fu**-came-farewe*l-to*yield-**rmin*-ed**8071ed0d 2: www**ito*fer.com*f***nce/*ef-Win*No1 3: preview.*edd.it*q9*cxw6r7tu51.p**?widt*=**5&a*p;*orm***png**mp;aut**w**p**mp*s=4*64*85209f*d2c4**be**ede66fe055c*a0e962 Unknown links are censored to prevent spreading illicit content.
Since a few people appreciated my list last week figured I'd drop it again for everyone not just the few people that I constantly chat with 8/2 WEEKLY WATCHLIST [P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ] 💸PENNIES💸 [💎-Long time gold][⁉️-Could go both ways][🚀Rocket Emoji-I think this is gonna shoot up][🔥-This is a HOT pick][⚠️-Already ran a bit be careful][👀-Watching this one closely] 🚀💸PENNYS💸🚀 $AMTX - Golden triangle. Looks to still have fuel in the rocket. $1.10-$1.15 imo isn't a bad entry. $1.12 is the WEEKLY support. Overall support is a freefall to $0.80 I expect a $1.40-$1.45 run. PR on Tuesday⚠️👀[Rocket Emoji]🚀 $BNGO - Big virtual booth Aug 4-5th. Huge biotech upcoming company. Support at $0.74 & $0.65. Resistance at $0.82 than $0.95. This could rip up with the right volume👀🔥 [Rocket Emoji]🚀 $AIM - Web conference Monday 1:30EST. I honestly see this hitting $5 in the long future but should run up Friday into Monday. About 70% shareholders are breakeven or at a loss. Decent support at $2.72. Godly support at $2.44. Resistance at $3/$3.35.💎🔥👀[Rocket Emoji]🚀 $ATNM - Balance sheet shows easily enough money for another quarter without an offering. Earnings Aug 7th. [Estimated 56% growth]. Sabby is playing with this[scary] but this monster "should" RIP UP! Support is $0.52-$0.54. Weak support at $0.57. Resistances at $0.61/$0.64/$0.68🔥👀[Twitter pumping this too] $BKYI - African Contracts need to be finalized and this is gonna ZOOM ZOOM ZOOM! Had a single buyer with a 200k share bid at $0.75. Looks like it made a new support at $0.69 off old resistance levels. Seems to be rough resistance at the $0.71-$0.74 range . After that could run $0.77-$0.82🔥👀[Rocket Emoji]🚀 $BIOC - Insider buys 7/14 of 20k shares. Bullish uptrend. Decent support at $0.68, $0.63 $0.60. DEC 7th until for compliance. So decent amount of time still. I'm bullish AF to $0.80 Maybe $1. Broke $0.725 resistance. Talks of a RESPLIT THOUGH! 6/25 Golden Cross![Chart if you wanna see just ask] $CHEK - 70% of shareholders at a lose. Mad support at $0.53 area. Above $0.61 I'd be super bullish. I see an ascending triangle. This baby wants to break out.Macd is setup perfectly. Volume Friday smacked it up. This company is REALLY dedicated to pushing for $1 for conpliance!🔥💎👀 $IZEA - AUG 18th Webinar. Tiktok partnership RUMOR?!?! Insane Support at $1.02. Small resistance at $1.47 I see resistances at $1.66👀🔥⚠️[Rocket Emoji]🚀🚀🚀 $SXTC - 99% Shareholders breakeven or at loss. Had Insane support at $0.40-$0.40 and broke down. New support is $0.36. Something tells me this is an EASY gap up to $0.42-$0.44 Low float🔥[Rocket Emoji]🚀 $JFU - UNGODLY OVERSOLD 90% Shareholders breakeven or at a loss. MACD setup on daily. Should EASILY gap up to $2.40-$2.60. BITCOIN PLAY🔥[Rocket Emoji]🚀 $MARA/$RIOT -BTC Plays. Mara imo is the better option. They are debt free vs RIOT 200m debt👀🔥⚠️ [Rocket Emoji]🚀 $ENZ- Has FDA approval noone else has this test. Monopoly. Schools testing. State colleges already buying them.98% shareholders are breakeven or loss! REVENUE UP 121% IN 2019. Looks to be at support at $2.35 beyond that around $2.08. Resistainces sitting at around $2.55 and $2.70.👀 $MYT - $0.40 Offering price. I wouldnt mind getting it around $0.38-$0.42. US store in trial phase. $DLPN - FORSEE a HUGE gap up here! Support at $0.82 than a freefall to $0.49. SMALL resistance at $0.91. Than resistance at $1/$1.07. Had an offering at $1.05 2months ago.Only scarey thing is they might split due to compliance👀[Rocket Emoji]🚀 $LPCN - FDA Approval Aug 28th. This has been a CONSTANT RUNNER 💎🔥[Rocket Emoji]🚀 $BOXL - Offering closed Friday. PR is imminent. 99% Shareholders are at a LOSS! Chart looks like a BULLISH pennant.$2.20 is OKAY support. $1.70 is pretty strong support. $2.30 looks like the first soft resistance. $2.45 gets broken we could see a $3 Run👀 $ONTX - Made compliance on Friday. Massive support at $1.12. Dropping Twitter PR like wildfire. Resistance seems to be in $0.05 invervals starting at $1.20. Afte $1.45 Its a straight RIP up to $2.65👀[Rocket Emoji] $IDEX - Looks like old$1.38-$1.40 Support is being rebuilt. Bullish as hell if this breaks $1.51. Earnings August 11th🔥👀[Rocket Emoji]🚀 💰HONORABLE MENTIONS💰 : $VERB - [Offering at $1.10 good around that price]$NAK $UAVS $MVIS $GAU[Gold mine]🔥 $PZG[Gold mine]🔥$JAN🔥👀 💰Non-Pennys💰 $MGM - EPS was BETTER than projected. Revenue in the gutter. Didn't have the sell off i thought. Still a good price LONG. MGM is 1/3 casinos with liscensing in Japan. By 2030 this should be a $40-$45 ticker💎🔥⚠️👀 [Rocket Emoji]🚀 $CZR aka $ERI - COME BACK KING! Hasnt been this cheap since 2017. THIS SHOULD RUN UP to $35-$38 shortly. Biggest casino/hotel chain in the WORLD after buying out caesars. Should be $70-$100 ticker by 2030-2035💎🔥⚠️👀 [Rocket Emoji]🚀 $O - MONTHLY dividend. [5% yearly] GREAT LONG term investment. 💎 $JMIA - Monthly MACD Setup so perfectly for this, Has been running lately but no where near pre-rona levels. HOPING FOR A SELL OFF TO TAKE A POSITION. Offering at $8.59 BUT its a shelf offering which means they don't have to sell it currently. This could drop down to that or continue its run until the offering block is dropped.👀⚠️🔥 $CNTG - Around 80-90% shareholders BREAKEVEN or at a LOSS!600 USA school+3 german airports so far.US mobile semi truck lab. So oversold its asking for change!🔥[Rocket Emoji]🚀 $WIMI - $8 OFFERING. I LOVE OFFERING plays without mass dillution<3 🔥💎 👀[Rocket Emoji]🚀 $SPAQ - Tons of pre-orders aka free revenue without advertising. This should take off like NKLA did eventually. 4hr chart approaching oversold. 94% Of shareholders at breakeven or loss! $10.60 is a strong af support. $13.95 is the first real resistance. If this breaks the $12.45/50 range SUPER bullish. Fisker dropping mad PR Hints on twitter 🔥👀[Rocket Emoji]🚀 🔥🌾Gold/Silver🌾🔥 $AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates🔥 $SLV - Long term silver hold🔥 $JNUG - 2x Gold/Silver Junior Miners 🔥 $NUGT - 2x Gold/Silver Miners🔥 $GLD - Long term gold holds👀🔥 🔮BET AGAINST THE MARKET🔮 $SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9% $VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY🚀🚀 Newfilter.io [USE THIS SITE, LOVE THIS SITE, BEFRIEND THIS SITE] It gives live news [1-5mins delayed]. I refresh the FDA approval constantly and the latest news pretty often PS. I have CALLS for $VXX [I believe market volatility/unsurity is going to SPIKE high as hell this week the longer the feds take with unemployment stimulus and the stimulus in general] I have put spreads on $SPY I believe $SPY is going to drop for the above reason
How profitable is it to invest in cryptocurrency in the present unstable time, all interested people ask themselves. After all, the second wave of the coronavirus epidemic will soon come, because of which the ruble has suffered a historic fall. However, we want to assure you that the cryptocurrency market is only growing. During the coronavirus pandemic, interest in bitcoin began to rise again. Now the cost of one bitcoin is more than 10 thousand US dollars. Its market capitalization has surpassed $ 220 billion for the first time since the beginning of 2020 and equaled the market capitalization of such a market giant as Netflix. Many investors are moving from markets to the digital currency market, transferring funds to them in order to wait out a difficult period in the economy. If you invested in bitcoin at the beginning of the year and only sold now, you would get 64% profit. However, the beauty of Bitcoin is in its volatility, which allows you to make money on this asset quickly and often. Ukraine, in particular, ranks first place in the world in the use of cryptocurrencies and the population's interest in them is only growing. In order to start investing money in the cryptocurrency market and make a profit from this, first of all, you need to choose a reliable platform for work. One of these platforms is the British company BIT.TEAM, which is very popular in the European market and in the CIS. Here are all the most popular cryptocurrencies, in particular: Bitcoin, Litecoin, Ethereum, etc., more than 60 ways to deposit or withdraw funds, fast and easy verification, most importantly, the platform works in FCA - one of the most reliable UK regulators. So, you don't have to worry about the safety of your funds, because the government of foggy Albion has already taken care of it. A big plus is that the site is completely Russified, and for those users who do not speak English, it will be much easier to use the platform. Forward to new heights - with BIT.TEAM, one of the most reliable services for buying/selling cryptocurrencies.
Dash competitive basket index for Friday, 12 June, 2020. The whole crypto sector had a rough day in response to the Dow Jones Industrial Average sh!tting the bed.
Dash and the whole crypto sector had a bad day. This is almost certainly a reaction to the Dow Jones Industrial Average sh!tting the bed and dropping nearly 2,000 points in the last 24 hours. People got all excited that we were making modest progress against Covid, but then discovered that just throwing money at the economy doesn’t really make it healthy again. And we dropped a rank. It’s not all doom and gloom, our moving average crept up a bit. Dollar value dropped to $73.99, but still high enough to pay our bills. Eventually, people will realize that crypto is not tied to the fiat economy quite so tightly as they imagine. Stated differently, people will realize that the legacy banking industry will be printing money like mad in an attempt to stimulate the economy. Crypto marches to a different drummer. We neither need nor want to inflate our money supply in that manner. Plus, we literally can’t.
Dash outperformed 6 of the 21 cryptos listed above us on CoinPaprika (29% win rate). The 30 day SMA* is 40%
Dash outperformed 3 of the 10 cryptos ranked below us (30% win rate). The 30 day SMA* is 30%.
In total, Dash outperformed 9 of the top 31 cryptos (29% win rate) on the 7 day time frame. The 30 day SMA* is 37%.
Bitcoin dominance pickled up that 1/10th again to 64.2% It’s been range bound for 2 weeks.
8 of the top 31 cryptos beat Bitcoin (26%) on the 7 day data.
On the 7 day time frame, 5 of the top 32 cryptos (16%) were in the green.
On the 24 hour time frame, exactly 1 of the top 32 (32%) cryptos were in the green. Tether.
On the 24 hour time frame, Dash beat 7 of the top 31 cryptos (23%).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period compared to the price change of other coins. As always, this is not investment advise. Never trust some random dude on the internet. Do your own due diligence. All crypto is inherently and unavoidably risky. Don’t invest more in crypto than you can afford to lose. ^ Dash vs the top 31 cryptos in the world. We made a higher low. We're ok. Tune in tomorrow. The red line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 24 hour time frame. The blue line is the percentage of the top 30 Alt Coins that were in the green (price went up) on the 7 day time frame. Yesterday I said, “So tomorrow should be up, and significantly so.” Yeah, not so much. I did not anticipate the DJIA shitting the bed by 2,000 points in the last 24 hours. So now the interesting question is when the 24 hour data will bounce back up. My current guess is that is that it will go up some time in the next 72 hours.
Dash Competitive basket index for Saturday, 6 June, 2020. More or less a repeat of yesterday, not great, not bad.
Dash bounced up a rank again. All three moving averages crept up again. The 24 hour data for Dash was not so hot. The Alt-coin sector was basically a repeat of yesterday, so tune in tomorrow. I still think the alt sector will go up on Sunday, but what do I know?
Dash outperformed 10 of the 20 cryptos listed above us on CoinPaprika (50% win rate). The 30 day SMA* is 37%
Dash outperformed 3 of the 10 cryptos ranked below us (30% win rate). The 30 day SMA* is 26%.
In total, Dash outperformed 13 of the top 30 cryptos (42% win rate) on the 7 day time frame. The 30 day SMA* is 33%.
Bitcoin dominance remained unchanged again at 64.2%
20 of the top 30 cryptos beat Bitcoin (67%) on the 7 day data.
On the 7 day time frame, 24 of the top 31 cryptos (77%) were in the green.
On the 24 hour time frame, 16 of the top 31 (52%) cryptos were in the green.
On the 24 hour time frame, Dash beat 10 of the top 30 cryptos (33%).
Dash competitive basket index for Saturday, 13 June, 2020. Well, compared to yesterday's train wreck, things were modestly better.
Compared to yesterday’s train wreck, most of the CBI numbers for Dash (7 day time frame) and the crypto sector improved a bit. The 24 hour data for Dash improved significantly, beating 48% of the top 31 cryptos. But, as always, we need follow through and lots of it.
Dash outperformed 7 of the 21 cryptos listed above us on CoinPaprika (33% win rate). The 30 day SMA* is 40%
Dash outperformed 3 of the 10 cryptos ranked below us (30% win rate). The 30 day SMA* is 30%.
In total, Dash outperformed 10 of the top 31 cryptos (32% win rate) on the 7 day time frame. The 30 day SMA* is 37%.
Bitcoin dominance was unchanged at 64.2% It’s been range bound for 2 weeks.
10 of the top 31 cryptos beat Bitcoin (32%) on the 7 day data.
On the 7 day time frame, 3 of the top 32 cryptos (9%) were in the green.
On the 24 hour time frame, 7 of the top 32 (22%) cryptos were in the green.
On the 24 hour time frame, Dash beat 15 of the top 31 cryptos (48%).
Dash Competitive basket index for Sunday, 31 May, 2020. Yesterday was good, today was better. Gained a couple ranks too.
Yesterday, Dash showed some signs of life, but really needed follow through to accomplish anything. The 24 hour data for Dash looked outstanding today. We jumped up a couple ranks, which feels good. Dollar value is very solid, tickling $80. Of course, we still need a trainload of follow through, but we get there one day at a time.
Dash outperformed 9 of the 20 cryptos listed above us on CoinPaprika (45% win rate). The 30 day SMA* is 29%
Dash outperformed 1 of the 10 cryptos ranked below us (10% win rate). The 30 day SMA* is 23%.
In total, Dash outperformed 10 of the top 30 cryptos (33% win rate) on the 7 day time frame. The 30 day SMA* is 27%.
Bitcoin dominance slid down another 1/10th to 64.3%
25 of the top 30 cryptos beat Bitcoin (83%) on the 7 day data.
On the 7 day time frame, 30 of the top 31 cryptos (97%) were in the green.
On the 24 hour time frame, 26 of the top 31 (84%) cryptos were in the green.
On the 24 hour time frame, Dash beat 21 of the top 30 cryptos (70%).
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
After a January which saw green across the board, the 2019 Top Ten cooled off significantly. With the exception of ETH, the entire group finished down in February.
Ranking and February Winners and Losers
Two up, two down this month. Both Stellar and Tether climbed one spot and BSV and Tron both fell in February – one spot to #6 for BSV and two spots to #15 for Tron. Stellar and Tron remain the only two cryptos to have dropped out of the 2019 Top Ten. They have been replaced by Binance Coin and Cardano. If we compare to the 2018 Top Ten Experiment, four cryptos had already dropped out by the 14 month mark. February Winners – Ethereum alone finished in positive territory, ending the month up an impressive +21%. February Losers – BSV and Litecoin finished the month in a virtual tie, both down -17%. But since it also lost one place in the rankings, I’ll go ahead and give BSV the loss. Close behind was Bitcoin Cash, down -16% in February. For those keeping score, here is tally of which coins have the most monthly wins and loses during the first fourteen months of the 2019 Top Ten Experiment: Tether is still in the lead followed by BSV in second place. BSV also holds the most monthly losses, finishing last in five out of fourteen months.
Overall update – BSV in overall lead. Stellar worst performer, down -50%.
BSV lost a bit of ground to Bitcoin this month, but still is holding on to the lead it opened up in January. It is up +144% since January 2019 compared to second place BTC, up +127%. Bitcoin Cash follows in third place, up +92%. My initial $100 investment in BSV is now worth $246. While 40% of the 2019 Top Ten Cryptos were up over the +100% mark last month, this month it’s only BSV and Bitcoin. Still, seven out of the ten cryptos in this group have either broke even or are solidly in the green. Stellar remains firmly at the bottom, down -50% after the first 14 months. XRP is the second worst performer, down -36%.
Total Market Cap for the entire cryptocurrency sector:
Not that bad of a month, at least not for those who have been following crypto for a while. The market did lose about $12B in February, but overall the crypto market is up +92% since the 2019 Top Ten Experiment began in January 2019.
Bitcoin dominance dipped a few more percentage points in February, finishing the month at 64%. The last time BTC dominance was this low was in July 2019. The range since the beginning of the experiment in January 2019 has been between 50%-70%.
Overall return on investment since January 1st, 2019:
The 2019 Top Ten Portfolio lost about $160 in February. After the initial $1000 investment, the 2019 Top Ten Portfolio is worth $1,472, up about +47%. Here’s a look at the ROI over the life of the first fourteen months of the experiment, month by month: As you can see, every month except the first month (January 2019) is green. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019). How does the 2019 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,170. That’s up about +5.6%.
While the crypto market as a whole is up +92% since January 2019, the 2019 Top Ten cryptos have gained just +47%. This is reminiscent of the 2018 group as at no point in the first twenty-six months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. There are a few examples, however, of this approach outperforming the market in the 2019 Top Ten Crypto Experiment. And the first couple of 2020 Experiment updates show that focusing on the Top Ten is a winning strategy, at least in the first two months of 2020. I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 took a coronavirus beating in February, but is still up +18% since the January 2019. The 2019 Top Ten portfolio is returning +47% over the same time period. So, the initial $1k investment I put into crypto would now be worth $1180 had it been redirected to the S&P 500 in January 2019. But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
$1000 investment in S&P 500 on January 1st, 2018: +$110
$1000 investment in S&P 500 on January 1st, 2019: +$180
$1000 investment in S&P 500 on January 1st, 2020: -$90
Taken together, here’s the bottom bottom bottom line for the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,200. That’s up about +6.7% compared to +5.6% with the Top Ten Crypto Experiments, the narrowest gap since I started the updates in January 2018.
While Coronavirus is tanking world markets, crypto followers shrug – we’re used to seeing this kind of movement. I guess one of the perks of following such a volatile asset class? Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.
Dash Competitive Basket index for Sunday, 14 June, 2020.
The 7 day CBI data for Dash was dangerously close to healthy today. (50% win rate) And the 24 hour data was spectacular, beating 87% of the top 31 cryptos in the world. The 30 day moving average continues to steadily creep up. Do it again x 100. The world desperately needs honest money.
Dash outperformed 11 of the 21 cryptos listed above us on CoinPaprika (52% win rate). The 30 day SMA* is 41%
Dash outperformed 4 of the 10 cryptos ranked below us (40% win rate). The 30 day SMA* is 31%.
In total, Dash outperformed 15 of the top 31 cryptos (48% win rate) on the 7 day time frame. The 30 day SMA* is 38%.
Bitcoin dominance was unchanged again at 64.2% It’s been range bound for 2 weeks.
10 of the top 31 cryptos beat Bitcoin (32%) on the 7 day data.
On the 7 day time frame, 6 of the top 32 cryptos (19%) were in the green. Mostly stable coins and exchange tokens.
On the 24 hour time frame, 9 of the top 32 (28%) cryptos were in the green.
On the 24 hour time frame, Dash beat 27 of the top 31 cryptos (81%).
Dash Competitive basket index for Friday, 1 May, 2020. Dash still stable at $82, Alt coin sector zooms up without us.
Dash continues to be stable at $82 while the rest of the Alt coin sector zooms up. This is what it looks like to be decoupled from Bitcoin. We wanted that right? Of course, the flip side of that is that some time in next 2-3 weeks, Dash could and should zoom up while they stand still.
Dash outperformed 2 of the 19 cryptos listed above us on CoinPaprika (11% win rate). The 30 day SMA* is 50%
Dash outperformed 0 of the 10 cryptos ranked below us (0% win rate). The 30 day SMA* is 56%.
In total, Dash outperformed 2 of the top 29 cryptos (7% win rate). The 30 day SMA* is 52%.
Bitcoin dominance kept every bit of the big gain yesterday by remaining unchanged at 64.6%
Exactly 1 of the top 29 cryptos beat Bitcoin (3%). (Hex)
On the 7 day time frame, 29 of the top 30 cryptos (97%) were in the green.
On the 24 hour time frame, 28 of the top 30 (93%) cryptos were in the green.
On the 24 hour time frame, Dash beat 3 of the top 29 cryptos (10%).
Dash Competitive Basket Index for Sunday, 2 February, 2020. Dash went up in value. Everybody else went up in value even more.
Yesterday was great for Dash performance metrics. Today….not so much. Dash went up in value, both on the 24 hour time frame, and on the 7 day time frame. But everybody else went up more. The one ray of light is that we did beat BitCoin SV.
Dash outperformed 2 of the 15 cryptos listed above us on CoinPaprika (13% win rate). The 30 day SMA* is 75.4%
Dash outperformed 3 of the 10 cryptos ranked below us (30% win rate). The 30 day SMA* is 78.7%.
In total, Dash outperformed 5 of the top 25 cryptos (20% win rate). The 30 day SMA* is 76.7%.
During the bear market there was a lot of discussion over whether it would be better to buy coin or invest in mining rigs. Here's my anecdotal example on opting for the mining route. I bought only used parts from people exiting the mining game when bitcoin was <$6k. I bought these taking a risk when mining profits were breakeven or slightly negative, but I live up north so they were used to heat the house which made it a bit more palatable at the time. The bulk of the ETH/ETC I mined was converted straight to BTC and currently I have mined almost 1BTC plus some alts I am speculating in. I had been mining on GPUs since 2013 small-scale and found a bunch of deals on kijiji. I was blown away by SMOS and HIVE OS... compared to mining LTC back in the day this is so much easier! Over the past year I've spent about $25k CAD on rigs, and accumulated 145 RX-series GPUs and 8 Vega 56's plus all the other hardware. My favourite deals were buying pre-built rigs. Currently limited by my 100 amp electrical service and running 115GPUs. I'm running 72GPUs on HIVE OS and the rest on SMOS. I haven't used HashR8 yet, but I'm thinking of splitting my farm up to run free rigs on HIVE and HasR8 and the remainder on SMOS to reduce overhead. The mine based on current profitability brings in about $70CAD/day revenue and the power cost is about $1100/month. The 115GPUs running put out about 3075MH. I estimate that these rigs will sell for significantly more than I originally paid if ETH makes another leg higher in the coming weeks. Right now selling my house and looking for upgraded 200 amp electric with 240V. Going to be setting up a secondary farm at my parent's house with the rigs I don't run at home. HIVE OS Settings for 8 x 8GB RX470 Rigs: Core: 947Mhz, Mem: 1750Mhz, Volt: 750mV, Speed: 26MH/s with these settings on an 8 card rig they are below 100W per card. I can't get quite as good performance with SMOS, it doesn't seem to like setting voltage below 800mv. Any tips on how I can reduce my power consumption and overhead costs further? I'm looking to achieve the best hash/watt possible and not chasing absolute performance. My power rate overnight is half the cost of peak rates, any thoughts on turning off the farm for the 6 hours of peak power costs? What should I mine with my Vegas? Since monero forked I haven't turned them on. Bitcoin halves in 64 days! GLTA.
Dash Competitive Basket index for Tuesday, 14 April, 2020. Dash CBI still looking strong.
Dash again posted good numbers on the Competitive Basket Index. Another promising short term sign is that 87% of the top 31 cryptos were in the green on the 24 hour time frame. The CBI data is based on price changes over a 7 day time frame.
Dash outperformed 14 of the 20 cryptos listed above us on CoinPaprika (70% win rate). The 30 day SMA* is 52%
Dash outperformed 10 of the 10 cryptos ranked below us (100% win rate). Another clean sweep. The 30 day SMA* is 64%.
In total, Dash outperformed 24 of the top 30 cryptos (80% win rate). The 30 day SMA* is 56%.
Bitcoin dominance just sat there at 63.3%, unchanged again.
14 of the top 30 cryptos beat Bitcoin (47%).
On the 7 day time frame, only 2 of the top 31 cryptos (7%) were in the green.
On the 24 hour time frame, 27 of the top 31 (87%) cryptos were in the green.
On the 24 hour time frame, Dash beat 12 of the top 30 cryptos (40%).
After a strong start to 2020, February saw a bit of a pullback with nearly every 2018 Top Ten crypto ending in the red. Ethereum is the notable exception, gaining +21% for the month.
Ranking and February Winners and Losers
A mixed month in terms of movement for this group of cryptos. NEM and Stellar made positive moves while Cardano and IOTA, fell two and four positions, respectively. Dash gave up some of the ground it made in January when it jumped an unprecedented 10 slots, but this month it fell from #16 back to #20. For overall drop out rate, we’re back at the 50% mark: half of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, Cardano, and Stellar. They have been replaced by EOS, Binance Coin, Tezos, Tether, and BSV. February Winners – Ethereum easily outperformed the field this month with a +21% gain. NEM finished in second place, up +4%. February Losers – All the other cryptos ended the month in the red. IOTA picks up the L this month, losing -28% of its value followed closely by Dash which finished down -27%. For nerds): here is tally of which coins have the most monthly wins and losses in the first 26 months of the 2018 Top Ten Crypto Index Fund Experiment. Most monthly wins (6): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win and Bitcoin now stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020), when it gained “only” +31%).
Overall update – BTC far ahead, ETH takes second place from LTC, IOTA and NEM worst performing
No news here: Bitcoin is still well ahead of the field. Although down -35% since the beginning of 2018, BTC is still returning roughly double of the next crypto down, Ethereum – which, thanks to a strong February, has overtaken Litecoin for second place. While NEM remains at the bottom, IOTA is dropping quickly. They are down -95% and -94% respectively.
Total Market Cap for the entire cryptocurrency sector:
The overall crypto market lost about $12B in February 2020, a non-event in the crypto world. Since January 2018, the total market cap is down about -57%.
Bitcoin dominance ticked down another two points to 64% in February 2020. The last time BitDom was this low was back in July 2019. The range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018.
Overall return on investment since January 1st, 2018:
The 2018 Top Ten Portfolio lost about $16 bucks in February 2020. If I cashed out today, my $1000 initial investment would return about $186, down -81% from January 2018. Here’s a look at the ROI over the life of the experiment, month by month: As you can see, nothing but red. The closest the 2018 Top Ten group has come to breaking even was after the very first month, when the portfolio was down -20%. It has been at the at least -80% loss level for the past seven months in a row. The 2019 Top Ten Experiment and the just launched 2020 Top Ten Experiment are both doing much better:
Taking the three portfolios together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,170. That’s up about +5.6%.
As always, the experiment’s focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -57% from January 2018, the cryptos that began 2018 in the Top Ten are down -81% over the same period. This of course implies that I would have done a bit better if I’d picked different cryptos. At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-six months compared to the market overall. There are a few examples, however, of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. And the first two months of the 2020 Experiment show that focusing on the Top Ten is a winning strategy. I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. After a rough coronavirus fueled week, the S&P 500 has lost a lot of ground. It is currently up only +11% since the beginning of 2018. The initial $1k investment into crypto would have yielded about +$110 had it been redirected to the S&P. Taking the same drop-$1,000-per-year-on-January-1st approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following:
$1000 investment in S&P 500 on January 1st, 2018: +$110
$1000 investment in S&P 500 on January 1st, 2019: +$180
$1000 investment in S&P 500 on January 1st, 2020: -$90
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,200. That’s up about +6.7% compared to +5.6% with the Top Ten Crypto Experiments. That’s getting pretty close now, eh? While this month’s update/snapshot is greatly influenced by the coronavirus stock market correction, a difference of only 1% is definitely worth noting.
Not a great month for crypto, but not a horrible one, especially if you compare to the free fall in the stock market. Depending on how the coronavirus influences both traditional and crypto markets, we could be in for an interesting few months. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
Dash competitive basket index for Saturday, 14 March, 2020. Free fall has stopped?
Let’s say, we’re stable for the moment. All three of the moving averages ticked up a tiny tiny little bit. For the time being, the free fall has stopped. It is also notable that 22 of the top 32 cryptos are in the green on the 24 hour column on CoinPaprika. Bitcoin dominance took another big fat hit today. That’s the biggest 48 hour drop for Bitcoin dominance since January 15th. Something is changing. Hashtag cautiously optimistic?? No graphs again today, but you will have the whole package back tomorrow.
Dash outperformed 5 of the 21 cryptos listed above us on CoinPaprika (24% win rate). The 30 day SMA* is 25.3%
Dash outperformed 5 of the 10 cryptos ranked below us (50% win rate). The 30 day SMA* is 28.3%.
In total, Dash outperformed 10 of the top 31 cryptos (32% win rate). The 30 day SMA* is 26.3%.
Bitcoin dominance dropped 0.7% to 64.2% That’s a 1.8% drop in 48 hours. Biggest since January 15th.
11 of the top 31 cryptos beat Bitcoin (36%).
4 of the top 32 cryptos (13%) turned the corner and were in the green on the 7 day price change column.
But 22 of the top 32 (69%) cryptos were in the green on the 24 hour column.
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line. The blue line is the daily Dash performance based on the price change over a one week period. (win rate, i.e. how many competitors we beat expressed as a percent, not unlike a batting average.) As always, this is not investment advise. This is presented for entertainment and educational purposes only. Do your own homework. Don’t trust some random guy on the internet. All crypto is risky. Don’t invest more in crypto than you can afford to lose.
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