Diversification Case Study - $100 on each of top 100 a year ago

tee-em (61) · 7 years ago

Nice post! Wonder what it'll look like next year...

$0.29

5 votes

ashr (50) · 7 years ago

I think that the best performance will be in those that are truly scalable since there are so many scaling issues in need of resolution and those that won't need scaling because they're so single purpose focused.
Expanse, NEO (with dBFT), many single purpose tokens.

4 votes

samotonakatoshi (65) · 7 years ago

The same experiment but it has started this year. :)
https://steemit.com/bitcoin/@samotonakatoshi/will-the-investment-portfolio-of-the-top-100-cryptocurrencies-succeed-1st-part-2017924t131044708z

$0.00

chelinho139 (42) · 7 years ago

haha awesome post! Why didnt i buy some ETH back then =S !!
thanks for info.

$0.11

ashr (50) · 7 years ago

Thanks, I think between my research for this post and my occasional visits to cryptoswim I will be saying variations of that sentence for a long time lol

$0.00

fugetaboutit (60) · 7 years ago

Very impressive and extremely informative. If anything this is precisely the kind of article and information that justifies cryptocurrency investment to those unfamiliar with these virtual assets - especially when compared to the "traditional" stocks, bonds, realty...etc - This makes a great selling point for those still on that proverbial fence for investing in altcoins. Considering the increasing popularity it is entirely possible to go long on some the new coins using this same strategy and viewing the results in July 2018. It would make an interesting follow up for your future article. Perhaps even a series, done every year, 6 months, 3 months...etc - specifically using these top coins and $100 spread.

$0.06

ashr (50) · 7 years ago

Thanks, I'm glad you found it valuable. I am actually working on the other direction first, seeing how far the trend holds in reverse and then using that to make some predictions going forward :)

$0.00

silent.screamer (54) · 7 years ago

Oh man :( , such lost opportunity.
Do you think this kinda thing will happen again say next year?
Great post by the way

ashr (50) · 7 years ago

Thanks, it may, it may not. I don't own a crystal ball, unfortunately.

$0.00

olyup (55) · 7 years ago

Thanks for putting these numbers together. Interesting to compare an index investment with active trading gains - most people would be quite pleased with 1100% annually.

ashr (50) · 7 years ago

I think they would, yes, particularly in comparison to aggressive returns on the stock market being 12-15%.

$0.00

helios (53) · 7 years ago (edited)

Thanks for the nice study, I wonder how the results will be a year from now, with all the new ICO's popping up here and there we might see less returns on top 100 market cap coins.
Btw followed, upvoted and resteemed

$0.00

3 votes

ashr (50) · 7 years ago (edited)

Thanks, I am working on analyzing more information. Based on previous performance, I should have some predictions in a week or two (have to set up some models and gather more data).

5 votes

helios (53) · 7 years ago

Looking forward to it

$0.00

pushing.truth (47) · 7 years ago

Followed, resteemed, and checking back for those predictions. I don't know where I'm going to find 10k, but I really want to try this for the coming year.

$0.00

ashr (50) · 7 years ago

Percents are percents, they work on small numbers as well as large. It's important to remember that just because this worked in the past year, doesnt mean it will this year.
It's also important to note that from looking at other data, the 3 month method might be more lucrative than the 1 year method.

$0.00

libertycrypto (30) · 7 years ago

@ashr I'm curious about the data you have for a 3 month method. While I would love the ability to make 1100% gains in 3 months vs 1 year, I wonder how much more active one would need to be using the 3 month system? There is also the issue of taxes whereas the 1 year method allows for capitol gains only.

Even with the year system, what criteria does one use to exit certain coins and put new ones in?

$0.00

ashr (50) · 7 years ago

Whether they fell out of the top 100 or not, rebalancing to the current top 100. You have impeccable timing, I'm posting 1 month and 3 month data tomorrow. Waiting on a graphic :)

$0.12

libertycrypto (30) · 7 years ago

Great. Looking forward to it.

$0.00

arpit-latest (25) · 7 years ago

that is great

$0.00

methodise (49) · 7 years ago

Technically The DAO was quite profitable - all ETH plus some ETC returned. Many DAO investors expected to get their ETH back, although they also nearly lost it all. On balance, a nil score seems fair, and I'm boring myself.

$0.00

ashr (50) · 7 years ago

lol I weighed that one out and decided that getting into the ETH/ETC saga was too much for this post and to keep it straightforward, "if you had walked away one year ago, where would you be".

$0.00

dalovar (25) · 7 years ago

Great post!

$0.00

ashr (50) · 7 years ago

Thanks! I'm glad you enjoyed it!

$0.00

robertchr (9) · 7 years ago (edited)

In one year a $10,000 investment gets you $109,819 Very impressive!

$0.00

ashr (50) · 7 years ago

Yep, not bad by any measure :)

$0.00

screenname (66) · 7 years ago

This post has been ranked within the top 50 most undervalued posts in the first half of Jul 05. We estimate that this post is undervalued by $25.21 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jul 05 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

$0.00

webokv (50) · 7 years ago

The total gave to me
$111.673,10

$0.00

ashr (50) · 7 years ago (edited)

Did you manually type it in? I double checked it, it's using a sum function in a spreadsheet so it's pretty accurate.

$0.00

ether19again (27) · 7 years ago

Love to see the same kind of (or more) returns for the next year. Investing anf holding good tokens or coins is the way to go.

$0.00

ashr (50) · 7 years ago

diversifying into legitimate projects is definitely a good bet. :)

$0.00

nvdm (31) · 7 years ago (edited)

It is quite a shame seeing this total so damn close to $110,000... You should have been waiting a few minutes until the total was exactly $110,000, just for the idea your profits would have been exactly $100,000. :) However, very nice post, thank you!

$0.00

ashr (50) · 7 years ago

I actually used the data from 7/2/17 since that is the most recent weekly snapshot from coinmarketcap and the corresponding one available was 7/3/16. Yes it's very close to $110,000 though and that's pretty much what i was thinking about as I was writing lol

$0.00

nvdm (31) · 7 years ago (edited)

Nice haha! By the way, I thought you made the snapshot by yourself a year ago but I see now you can take this info from Coinmarketcap (what I would have seen right away if I had read your first sentence carefully - oops). Interesting to see these snapshots from years ago. Also thank you for that yeey.

$0.00

crypro-guy (37) · 7 years ago

4.5x Returns in a Year, are not Big but if someone was playing the Passive Investment Game, It's Cool.

$0.00

ashr (50) · 7 years ago

It's 11x returns, which isn't bad.

$0.00

ionlysaymeep (50) · 7 years ago

meep

$0.00

methodise (49) · 7 years ago

I didn't know WAVES was that old. As for Bitshares competitor of old, NuShares...

$0.00

ashr (50) · 7 years ago

Yep, many projects that have recently picked up steam have been around for a while.

$0.00

thedigitalnomad (37) · 7 years ago

Promoted! Great analysis. Thanks for sharing @ashr

$0.00

thedigitalnomad (37) · 7 years ago

Gosh this article is so good I am going to promote it again. People need to read this!

$0.00

ashr (50) · 7 years ago

Thanks, I'm glad you enjoyed it

$0.00

d3c00p3r (25) · 7 years ago

Nexus (NXS) is one of the most impressive, long-term alt coins I've seen. They have an active community, and a bunch of solid development in process. The new wallet, and the T,A,O releases look interesting too.

$0.00

ashr (50) · 7 years ago

I agree, I think the pivx is pretty impressive too, though not included in these rankings.

$0.00

boarddavid (37) · 7 years ago

Great post Ash. Do you happen to have the Raw Data anywhere for those of us too lazy to get it ourselves but perhaps interested to see where perhaps 3-6 months would have taken that $100 in each coin instead of 12 months?

$0.00

ashr (50) · 7 years ago

Hi David, I am working on a follow up post that goes into data a bit more indepth. From cursory examinations of the data, it appears the optimum length of time for this strategy is in the 3 month range. I'm glad you enjoyed this post and look forward to your thoughts on the next one.

$0.00

foxkoit (70) · 7 years ago

Very good ... I like this post :)

$0.00

ashr (50) · 7 years ago

Thanks, I'm glad you enjoyed it :)

$0.00

foxkoit (70) · 7 years ago

It is ok :)

$0.00

oregonpop (51) · 7 years ago

Hindsight is depressing as hell. Glad I put $1000+ in DASH, upsetting I didn't put more in!

$0.00

ashr (50) · 7 years ago

Sorry! Between this and my visits to cryptoswim, there is some definite, "I wish I had..."

$0.00

crypto-expo (48) · 7 years ago

Great post ashr 😎. Check out some of my Cryptocurrency recommendations!
https://steemit.com/steem/@crypto-expo/cryptocurrency-altcoins-top-20-to-invest-in-2017

$0.00

raphavongal (56) · 7 years ago

nice way to diversify :-)

$0.00

kortneymorse1991 (4) · 7 years ago

Good post. I was about to post a similair post. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. This is quite an interesting website I found: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. On: https://www.coincheckup.com/coins/Emercoin#analysis To see the: Emercoin Detailed analysis.

$0.00