RE: What I've learned from investing $100 in each Top 100 cryptocurrencies (month 1)

You are viewing a single comment's thread from:

What I've learned from investing $100 in each Top 100 cryptocurrencies (month 1)

in cryptocurrencies •  7 years ago 

This is interesting for learning purposes, but I wouldn't recommend anyone following your footsteps.
If you would to buy Bitcoins in July 15th and hold them until August 15th (you mentioned mid July to mid August in your post), you would have made 88.3% (from $1978 to $4151).

It would be interesting to see how your portfolio does over the next months (if you intend to keep it and update us) while comparing it to just holding Bitcoin.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

With +88.3%, Bitcoin is only #33 performer that month, and quite far behing OmiseGo (OMG), Elastic (XEL) or Numeraire (NMR) to name a few. And yes I'll keep you updated : ) My job now is to go from a very manual approach of maintaining my top100 to more automated (for charts & updates I mean)

@roey You don't use a random one month return to determine your investing strategy. You should also never put all of your eggs in one basket. You also need to have a time horizon more than a few months.

I do all of that:

  • horizon is 12 months minimum, that's why I think this return on month 1 does not matter a lot (but it doesn't hurt it's 70+%!)
  • max 10% of my investment deposits are in crypto. Others are in classical stuff (slow, boring, but less risky)

Hi, M
What are others classical stuff for example?