 | Hi all! I started an experiment on the 15th of July with five different portfolios on crypto currencies, these portfolios being: Fundamentals (Bitcoin, Eth only) My own Custom Portfolio (What I believe would be the best portfolio in july) Risky Portfolio (No bitcoin allowed!) DeFi Portfolio (DeFi tokens only) Shitcoins (shitcoins) Every portfolio had $1000 to begin with. I did use CMC to track the prices of these cryptocurrencies, mainly out of laziness. It's pretty easy. Here's how I allocated the initial money for every portfolio. Finally, here are the specific numbers. With this stated, my hypothesis was the riskier portfolios would do the best, except shitcoins, which would perform the worst. Let's see what actually happened. Our top was $2285 on November 8th, nearly a month ago. Eth has outperformed Bitcoin significantly. The best performer in this portfolio was Ethereum, Algorand just nearly at 2nd place, despite its own problems with inflation and such. Cardano is currently our worst performer, but it's not a large portion of our portfolio, so whatever. there was a $2200 top in the 9th of November. A lot of people hate Binance coin, but i didn't care, the price was low in july, and binance had a lot of regulation issues going on, which was a perfect time to gamble on it. Eth is our best performer, next to Binance coin. The worst performer is dogecoin, at 8%. The risky portfolio had a top of $2119 the 8th of November. Owch, Defi has been doing bad. our best performer is Curve DAO, which i think went up a ton due to grayscale or some big institution investing into it, but every other cryptocurrency (except chainlink, arguably uniswap) has struggled during the last few months, when bitcoin has gone up 70%, only one of these cryptos have even been able to match bitcoin. It's useless to invest in anything except bitcoin if it doesn't do better than bitcoin, it's an unnecessary risk. Defi had a $1770 top in early September. I made this for fun, excepted nothing of it to be honest. at one point, it hit $3000. a 3x from its initial buy in. honestly, this portfolio doesn't even follow the others, it just goes down a ton until a shitcoin pumps super quickly super intensely, then goes down for a few more months. Overall, the best cryptocurrency in all of these portfolios has been shib, Curve dao, Eth, Algo, binance coin. The best performing portfolio historically has been the fundamentals portfolio, with only bitcoin and Eth. What conclusion does this show? Sometimes people say blue chip cryptos aren't profitable. And sure, compared to some alt coin that pumps 500% one week ETH may look bad. But, it's hard to predict which alt coins WILL pump 500%. Of the 20+ cryptos here, arguably only one of them performed insanely well. And it was a shitcoin. Most cryptocurrencies that pump 500% don't hold those numbers, Eth, bitcoin, they do, they don't pump up insanely fast, but they keep the gains they made (compared to other cryptocurrencies). [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments