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I bought $1000 worth of the Top Ten Cryptos on January 1st, 2020 (April Update) - UP 42%

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2020 (April Update) - UP 42%

EXPERIMENT - Tracking 2020 Top Ten Cryptocurrencies – Month Four - UP 42%
See the full blog post with all the nerdy tables here.
tl;dr - Tezos wins April, all coins in the green for the month. Tezos overtakes BSV for the overall lead, BTC mid-field. When taken together, all three experiments (2018 + 2019 + 2020 Top Ten Cryptos) are basically even with S&P 500 since Jan 2018. More details that you probably care about below and stay safe out there.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150. I repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020. Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple/accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies in January 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Four – UP 42%

After a very bloody March, the 2020 Top Ten have bounced back bigly (or is it big league?). March was all red, April all green. Out of the three portfolios, the 2020 Top Ten (+42%) is the best performing for the third month in a row.

Ranking and March Winners and Losers

EOS and Binance Coin switched places, but that’s it – the rest of the 2020 Top Ten were locked in place.
April WinnersTezos, up +76%, easily bested its peers. Second place goes to ETH, up +57% this month.
April Losers – The same two losers as the 2019 Top Ten group: Tether was outperformed by the rest of the cryptos. The second worst performance in April was turned in by Bitcoin Cash, up +15%.
For those keeping score, I also keep a tally of which coins have the most monthly wins and losses. After four months, Tether has two losses and Tezos has two wins.

Overall update – Tezos overtakes BSV for the lead and 100% are in positive territory.

Tezos (+121%) took the lead over from BSV (+115%) this month, a lead which BSV had held since the beginning of the year. Not counting Tether, the worst performing crypto, Bitcoin Cash, is still up +15% since January 2020.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $63B in April 2020 and is now close to where it was in late February. It is up +31% since the beginning of the experiment in January 2020.

Bitcoin dominance:

Bitcoin dominance (or BitDom as I like to call it) was steady in April. As of early May, there hasn’t been significant movement either way this year.

Overall return on investment since January 1st, 2020:

The 2020 Top Ten Portfolio regained $350 in April, not quite what it lost in March. After an initial $1000 investment, the 2020 Top Ten Portfolio is now worth $1,419, up about +42%. It is the best performing Top Ten Crypto Portfolio out of the three.
Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along:
Hopefully that zombie apocalypse drop in March will just be a blip this year.
So, how does the 2020 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 $2,969‬.
That’s down about -1% for the combined portfolios.
Much better than last month (aka the zombie apocalypse) where it was down -24%. For context, the combined return in January 2020 was +13% and in February 2020 it was +6%.
So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Stocks rebounded a bit in April, but are still down -12% since the beginning of the year.
Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +42%, now worth about $1,419.
The money I put into crypto in January 2020 would now be worth $880 had it been redirected to the S&P 500. That’s an almost $540 swing on an initial $1,000 investment.
And what if I took the same approach with the S&P 500 as I took during the first three years of the Top Ten Crypto Index Fund Experiments? Here are the figures:
  • $1000 investment in S&P 500 on January 1st, 2018: +$60
  • $1000 investment in S&P 500 on January 1st, 2019: +$130
  • $1000 investment in S&P 500 on January 1st, 2020: -$120
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 $3,070.
$3,070 is up about +2% since January 2018, compared to the $2,969 value (-1%) of the combined Top Ten Crypto Experiment Portfolios.
That’s a only a 3% difference. Last month the gap was 13%.

Implications/Observations:

The crypto market as a whole is up +31% since the beginning of the year compared to the 2020 Top Ten cryptos which have gained +42%. Focusing on the Top Ten 2020 coins has now beaten the overall market four months in a row.
This is noteworthy because this hasn’t been the case very often since I started these Top Ten Experiments back in January 2018. Although there are a few examples of the Top Ten strategy outperforming the overall market in the 2019 Top Ten Experiment, it’s interesting to note at no point in the first twenty-eight months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. Not even once.

Conclusion:

May should be interesting. The BTC Halving is only a few days away and the world continues to wage war on COVID-19. Stay tuned for how the crypto markets overall and the Top Ten Portfolios react to these events.
Final word: second waves of COVID-19 are definitely possible. Please take care of yourselves, your families, and your communities. Keep up the social distancing, wear a mask, and wash your hands. Be careful out there.
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 2019 Top Ten Experiment follow up experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 20120 (Jan 2020 Update)

2020 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Jan 2020 Update - Up 55%
Full blog post with all the tables
edit: even if it was possible to alter the title, I don't think I would - enjoying the time travel comments! Apologies for the typo, fighting a bit of jet lag!
tl;dr - 2020 group off to a strong start, up +55% in January, but trail the 2019 Top Ten, which are up +63%. BSV crushes the competition in January. Focusing on the 2020 Top Ten cryptos paid off in January, a rarity for these experiments. Not a reader? This dude made a video of the findings.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Thirteen – UP 55%

If you’re just finding the experiment now, welcome. You have some catching up to do. Let me explain. No, there is too much. Let me sum up.
On the 1st of January, 2018, I bought $100 each of the Top Ten cryptos at the time for a total investment of $1000 to see how they would perform over the year. I tracked the experiment and reported each month. I then extended the 2018 experiment repeated the process with the new 2019 Top Ten group of cryptos. How is it going?
After two years the 2018 Top Ten were down -86%.
After one year the 2019 Top Ten broke just about even (up +2%).
I decided to keep things going in 2020, so I repeated the experiment yet again. The round three coins are:
Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, and Tezos are the coins I’ll be tracking as part of the 2020 Top Ten Crypto Index Fund Experiment.
Let’s get into it. Here’s the 2020 Top Ten Crypto Experiment update for January.

Month One – UP 55%

Well there’s something you don’t see everyday. Or at least I don’t after twenty five months of running these experiments: an all green month. Great start for the 2020 batch and by far the strongest January since the Top Ten experiments started in 2018.

Ranking and January Winners and Losers

Except for the top three (BTC, ETH, and XRP), there was a ton of movement in January, most of it downward. Tezos crashed hard, down from #10 to #15 and becomes the first to drop out of the Top Ten. Tether dropped two places, always a good sign for the rest of the group. BSV gained the most ground advancing four spots in the rankings.
January WinnersBSV dominated the field finishing January up +181%. Bitcoin Cash finished a distant second place gaining +78%.
January LosersTether, which is always great news for the rest of the pack. XRP finished in second place “only” up +25%.
For those keeping score, I keep a tally of which coins have the most monthly wins and losses:

Overall update – BSV takes strong early lead. Tether is the worst performer.

It was hard for the rest of the cryptos to keep up with BSV this month, up +181% in January. That’s more than double what second place Bitcoin Cash gained this month. BSV is already worth $280.
Tether started 2020 in the basement as the rest of the field gained at least +25%.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gained over $67B in January 2020, up +36% since New Year’s Day.

Bitcoin dominance:

Bitcoin dominance dipped a few percentage points to 66% during the first month of 2020, a sign of increasing interest in altcoins.

Overall return on investment since January 1st, 2020:

The 2020 Top Ten Portfolio gained about $549 in January 2020. After an initial $1000 investment, the 2020 Top Ten Portfolio is worth $1,549. That’s up about +55%.
There’s not much here at the moment, but we’ll be looking at the entire experiment, month by month in an attempt to keep some perspective:
How does the 2020 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 $3,382.
That’s up about 12.7%.

Implications/Observations:

The crypto market as a whole is up about +36% in January compared to the 2020 Top Ten cryptos which have gained +55%. Sticking with the Top Ten coins beat the overall market in January.
Although there are a few examples of this strategy working with the 2019 Top Ten, it’s interesting to note that this hasn’t yet happened with the 2018 group as at no point in the first twenty-five months of the Top Ten 2018 Experiment has the approach of focusing on only the Top Ten cryptos outperformed the overall market.
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 was flat in January.
The initial $1k investment I put into crypto would now be worth $1000 had it been redirected to the S&P 500.
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: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

A nice start to the year for the 2020 Top Ten and the best January since I started updates in 2018. It’s also a nice to be modestly up on the combined 2018, 2019, and 2020 portfolios for a change.
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 2019 Top Ten Experiment follow up experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (Jan 2020 Update)
2019 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Jan 2020 Update - Up 63%
Full blog post with all the tables
tl;dr - The Forks rule January with BSV and Bitcoin Cash dominating the month. Bitcoin loses overall lead to BSV which is now well ahead of its peers. 40% of the 2019 Top Ten Cryptos are up over +100% overall. Stellar is the worst performer, down nearly half since Jan. 2019.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Thirteen – UP 63%

The new year brought new life to the crypto markets. After two down months to end 2019 at nearly the break even point (I was up only +2% after tracking these cryptos for one year) the 2019 Top Ten had a very strong January and now has gained +63% since January 2019.
Additionally, every crypto finished the first month of the year in the green, something this group hasn’t achieved since October 2019.

Ranking and January Winners and Losers

Seven of nine ten cryptos changed positions this month. BTCSV gained the most ground advancing four spots as Stellar headed in the opposite direction, down three places in January. The only cryptos to stay put were the top three: BTC, ETH, and XRP.
Stellar and Tron have dropped out of the 2019 Top Ten and have been replaced by Binance Coin and Cardano.
January Winners – Good month for the forks: BTCSV absolutely crushed its peers in January, up +193%. Bitcoin Cash finished in second place, up +87%.
January LosersTether picks up a loss, always a good sign for the rest of the 2019 Top Ten (no offense Tether). +24% wasn’t enough for XRP to avoid being the second worst performing crypto in January.
For those keeping score, here is tally of which coins have the most monthly wins and loses during the first thirteen months of this experiment: Tether is still in the lead followed by BTCSV in second place. Bitcoin SV also holds the most monthly losses, finishing last in four out of thirteen months.

Overall update – Bitcoin falls behind BTCSV. Stellar and Ripple still worst performers.

Bitcoin, after ending 2019 with a significant lead over then second place Litecoin, has fallen behind BTCSV which ended the month up +194% since January 2019. Bitcoin is now in second place overall (up +147%) followed by Bitcoin Cash which is up +129%. My initial $100 investment in BTCSV is now worth $296.
40% of the 2019 Top Ten Cryptos are up over +100% at the moment: BTCSV, Bitcoin, Bitcoin Cash, and Litecoin,.
On the other side of the coin (see what I did there?) Stellar and XRP are taking a beating, down -47% and -33% respectively.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gained over $67B in January 2020. The overall market cap is now back over $250B, a level last seen in September 2019. Bigger picture, the crypto market is up over +100% since the Experiment began in January 2019.

Bitcoin dominance:

Bitcoin dominance dipped a few percentage points during the first month of 2020, an indicator that the strong January can be attributed more to altcoins than to Bitcoin.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $615 in January 2020. After an initial $1000 investment, the 2019 Top Ten Portfolio is worth $1,631, up about +63%.
Here’s a look at the entire experiment, month by month:
Every month except the first month (January 2019) is green.
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 $3,382.
That’s up about 12.7%.

Implications/Observations:

While the crypto market as a whole is up about +100% since January 2019, the 2019 Top Ten cryptos have gained just +63%.
This is reminiscent of the 2018 group as at no point in the first twenty-five 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, spoiler alert, the first update of the 2020 Top Ten Crypto Experiment shows that focusing on the Top Ten was a good strategy in January 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 is up +29% since the beginning of 2019. This is less than half the +63% gain that the 2019 Top Ten portfolio is returning.
So, the initial $1k investment I put into crypto would now be worth $1290 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: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
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 $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

It was a nice change to have such a strong start to 2020 – both 2018 and 2019 began with crypto in a downward trend. With the Bitcoin Halving only about 100 days away, we should be in for a wild first half of the year.
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.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 28 Update (Down -82%)

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 28 Update (Down -82%)
https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/
https://preview.redd.it/fadknmsjg5x41.png?width=666&format=png&auto=webp&s=e3a2de76c643f957d1b6f1b2f1b1ca09840988e9
See the full blog post with all the nerdy tables here.
tl;dr - Stellar dominates April, all coins in the green. BTC still way ahead overall, ETH reclaims a distant second place, and NEM (anyone remember NEM?) still in basement. 2018 Top Ten down -82% since Jan. 2018. When taken together, all three experiments (I repeated the experiment for 2019 and 2020) are basically even with S&P 500 since Jan 2018. More details that you probably care about below and stay safe out there.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150. I repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020. Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple/accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Twenty-Eight – Down 82%

Welcome back from the brink. While March saw the experiment enter full zombie apocalypse mode, the crypto market recovered bigly (or big league?) in April: every crypto finished in the green by at least double digit percentage gains.

Ranking and April Winners and Losers

Some ups, some downs, a good deal of movement. IOTA and NEM fell one position each down to #25 and #27 respectively. Although it seems like an eternity, remember these were the #7 and #8 ranked coins just a little over two years ago. On the upside, Cardano and Dash both climbed one position, while Stellar clawed back two spots, once again knocking on the door of the Top Ten at #11.
The overall drop out rate remains at the 50% mark (meaning half of the cryptos that started 2018 in the Top Ten have dropped out). NEM, Dash, IOTA, Cardano, and Stellar have been replaced by EOS, Binance Coin, Tezos, Tether, and BSV.
April WinnersStellar dominated April, up an impressive +75%. Cardano finishes in second place, up +63% for the month.
April Losers – Every cryptocurrency finished April in positive territory, but NEM (+12%) and Bitcoin Cash (+15%) lagged behind the rest of the field.
For the overly competitive: below is tally of which coins have the most monthly wins and losses in the first 28 months of the 2018 Top Ten Crypto Index Fund Experiment. Most monthly wins (7): 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 still way ahead, ETH reclaims second place, NEM reclaims last place.

Bitcoin made up a lot of ground this month, moving -50% since January 2018 last month to -33% at the end of April. BTC is still well ahead of the field. This may feel like a foregone conclusion at this point, but for context, long time 2018 Top Ten Experiment followers will note that this has not always been a given. Just a little over a year ago, for example, BTC was second place behind Stellar.
Same goes for the 2019 and the 2020 Top Ten Experiments: BTC is not always at the top.
Ethereum broke the tie with Litecoin for second place this month, down -70% since January 2018. A similar situation at the bottom: NEM (down -96%) is now alone in last place. That initial $100 investment in NEM? Now worth $4.46.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $63B in April 2020, basically getting back to late February levels. It is now down -57% from January 2018.

Bitcoin dominance:

Bitcoin dominance basically stayed put this month. For context, the range since the beginning of the experiment in January 2018 has been wide: a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained about $50 bucks in April 2020, back near where it was at the end of February. If I cashed out today, my $1000 initial investment would return about $183, down -82% from January 2018.
Here’s the ROI over the life of the experiment, month by month:
April 2020 is now the ninth consecutive time the portfolio has ended the month down at least -80%.
For comparison, the 2019 and 2020 Top Ten Experiments are solidly in positive territory:
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 $2,969‬.
That’s down about -1% for the combined portfolios. Definitely better than last month (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. April 2020 saw a large rebound in the stock market. Although not quite back up to end of February levels, the S&P added over +14% back this month. It is now +6% since the start of 2018. The initial $1k investment into crypto would have gained about $60 had it been redirected to the S&P.
This is where it gets interesting. 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: +$60
  • $1000 investment in S&P 500 on January 1st, 2019: +$130
  • $1000 investment in S&P 500 on January 1st, 2020: -$120
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 $3,070.
That $3,070 is up about +2% since January 2018, compared to the $2,969 value (-1%) of the combined Top Ten Crypto Experiment Portfolios.
That’s a only a 3% difference. Last month the gap was 13%.

Implications/Observations:

The 2018 Experiment’s focus of solely holding the Top Ten Cryptos has never been a winning approach when compared to the overall market. The total market cap is down -57% from January 2018 compared to the -82% for the cryptos that began 2018 in the Top Ten. This of course implies that I would have done a bit better if I’d picked different cryptos – but better if I’d put all my eggs in NEM‘s -96% basket, for example. But at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-eight months compared to the market overall.
In the other two experiments, it’s a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. For the most recent group, this approach has been 100% successful so far: each of the first four months of the 2020 Experiment show that focusing on the Top Ten beats the overall market.

Conclusion:

Although we’re not nearly out of the woods yet, countries and relaxing restrictions and markets, including the cryptosphere, are bouncing back. Will COVID-19 drive people to or from crypto? What happens if we get hit by a second wave of COVID-19. And how will the approaching Bitcoin halving effect markets in May?
Final word: second waves of COVID-19 are definitely possible. Please take care of yourselves, your families, and your communities. Keep up the social distancing, wear a mask, and wash your hands. Be careful out there.
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.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Splitphobia (aka The-Fix-Is-In)

As in other historic scenarios when someone wants to implement a policy which is against people's best interests then the easiest way to do it to manipulate people into believing that the said policy is in their best interests because in case of success the people will not only NOT oppose the harmful policy but they will embrace it.

Unfortunately manipulation works and it's very easy to do: when you have no rational arguments to win a debate then the only way to win it is to address the irrational inner-desires of your opponent because he has no control over them. The documentary "The Century of Self" does a good job of explaining the process: https://www.youtube.com/watch?v=DnPmg0R1M04

Blockstream unofficial agenda is to destroy, delay or discredit the BTC concept. They did a splendid job however they have one huge problem: hard forks. Hard Forks means that people can leave BTC's plantation and keep alive the BTC concept outside of their control which is simply not acceptable for them. Communism biggest problem was the existence of capitalism; any closed system biggest problem is the existence of an alternative better system. That's why Blockstream doesn't give a sh*t about BTC scaling, it's all a circus, and their main purpose is to discredit, discourage and destroy any BTC hard fork ... at any cost.

This is the main reason why since 2017 they are trying to kill BCH. Until now their most successful attack vectors were:
  1. Manipulate BTC price. The only reason BCH did not take over BTC in 2017 is Tether printing and BCH will not be able to compete with BTC on price until TetheBitfinex are gone. Probably the most successful Ponzi-scheme in history (outside of the banking sector).
  2. Unrelentless smearing campaign without any real basis (on-chain scaling doesn't work, BCH is a scam, BCH was founded by Roger Ver, BCH is bcash, BCH is an altcoin, etc). Unbelievably successful as almost all my real life friends know that BCH is Roger Ver's scam coin despite all my efforts to correct them.
  3. Unleashing a ton of BTC scam-forks (BTC Gold, BTC Diamond, others) which are truly scams without any prospects for the future. The idea was to drown BCH in a see of sh*t because most crypto-users don't know the difference between forks. Fortunately this was a dud.
  4. Incentivize BCH forks. Unfortunately BSV sole reason to fork from BCH was to destroy BCH's market value and split the community. Neither CSW or CA care about the BSV project because in that case they would have protected BSV market value while in fact they've done the opposite. This was quite successful.

Now, what's new:
5) Create a new narrative - Splitphobia (Hard Fork-phobia) - intended to delay BCH progress by creating an irrational fear of hard forks. That's why BSV trolls are complaining about BCH forks (!?), suddenly Binance's CEO is complaining about BCH forks, why Greg Maxwell is whining about Schnorr signatures first on BCH blockchain or why unknown hashrate suddenly appears on BCH blockchain before each upgrade fork.

As if necessary to dispel why this concept is utter garbage then I will mention some facts:
  1. There is nothing irrational about hard forks. They are not inherently evil or good. Hard forks are the best way to safely upgrade the BCH blockchain at any given time. Soft forks don't work and in fact BSV was born because of a soft fork for network upgrades.
  2. Without Blockstream, Bitfinex and Binance sponsored attacks BCH forks should not impact BTC price value -> the BTC miners would not be forced to switch to BCH in order to protect it therefore indirectly damaging the BTC price value. They are complaining about BCH forks damaging BTC but without their sponsored attacks there would be no damage to the BTC price value. What's the name of this?
  3. Hard forks are very powerful and can be used to implement consensus altering changes. However no such changes were implemented until now and ABC's roadmap is pretty clear about the future (https://www.bitcoinabc.org/2018-08-24-bitcoin-abc-vision) Now, I think Avalanche will slightly impact the consensus rules but that's another topic :)


TL;DR: All this noise about BCH planned network upgrade is just that: noise. BCH will upgrade again, it will become better and stronger, and Blockstream cannot do anything about it (in fact they are running out of options). The surprising loser in this fight is BSV which is acting in Blockstream's interests and against BSV's holders interests. Whomever invested in BSV will be completely wiped out at the end of this debacle.

Thanks @deadalnix and all the other awesome BCH developers. The fact that you are making Blockstream and BSV trolls go out of their minds means that you are doing the right thing :)
submitted by toro_ro to btc [link] [comments]

What they really don't wan't you to know about Dash!

Dash is breaking away with regards to integrations, partnerships and developments that advocates of other Crypto Currencies have become frightened of Dash's future dominance. Unfortunately for most of these other Crypto Currency projects Dash as a platform is well and truly in the driving seat on so many levels.
Lets take a look at some of the achievements in 2017 and upcoming events:
More big news still to come in the coming month
Edit: Fixed typos, added new items & links
submitted by goto1415 to dashpay [link] [comments]

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Bitcoin Halving Theory, History Repeating, Nasdaq + R3, Binance Fiat, Swiss Crypto Association

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