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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to usdt [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to defi [link] [comments]

Bank deposit against bitcoin. How to save your money

Bank deposit against bitcoin. How to save your money

Bank deposit against bitcoin. How to save your money
Rates on ruble deposits have dropped again, and cryptocurrencies offer more profitable ways to save money. However, this option involves high risks.
Interest rates on ruble deposits in Sberbank fell. The maximum rate on the most profitable of the deposits of the main line “Save” was reduced to 3.56%, although at the beginning of July it was 3.65%. This option is designed for those who make a one-time deposit of at least 400 thousand rubles. for a period of 1–2 years. It is impossible to replenish such a deposit or withdraw part of the money from it.
The rates on ruble deposits “Replenish” (up to 3.09% per annum) and “Manage” (2.56%) have also been reduced. Only one dollar deposit from the basic line became available to the bank’s mass clients — “Save”. The maximum rate on such a deposit is now no more than 0.35% per annum — taking into account capitalization when making at least 1 year of $10 thousand or more.
At the same time, the popularity of cryptocurrencies and related services, staking and landing pages, continues to grow. For example, Binance Lending and Binance Staking allow you to receive income from 3% to 20% per annum from cryptocurrency deposits, which is significantly different from traditional offerings in the traditional market.
Nikolay Klenov, financial analyst at the Raison Asset Management investment company, explained that deposits and cryptocurrency (including staking and landing) are different instruments: the first is conservative and aimed at preserving value, the second is high-risk and potentially high-yield.
“You can’t make money on deposits, but they are not subject to market risk. The only risk that the owner of the deposit takes is the bankruptcy of the bank, but for such cases a deposit insurance system is provided. Cryptocurrency can significantly lose value, it is a volatile instrument. In addition, it is much more difficult for a person who has never invested to deal with cryptocurrencies than with deposits. You need to read special literature, immerse yourself in the topic. However, those who are ready to do this can potentially receive much higher returns than from deposits, ”added Klenov.
The head of the analytical department of AMarkets Artem Deev emphasized that dependence should be taken into account: the higher the rates, the more significant the risks. You can invest well, but you can quickly and burn out. Moreover, high rates most often accompany investments for short periods. Conversely, the longer the period, the lower the rates and the lower the risks.
Based on this principle, Bitcoin and other cryptocurrencies are high-risk and speculative assets, Deev said. The popularity of cryptocurrencies has led to the fact that now the number of participants in the digital asset market is increasing, their value is growing. But all this is provided only by the influx of private investors into the market.
“It is, in a sense, a pyramid — the more participants, the higher the market capitalization and asset value. But such a pyramid can also collapse very quickly, since it is not provided with real value. Although, of course, against the background of decreasing rates, investment in cryptocurrencies looks attractive. But they are accompanied by very high risks. Given that the only risk on deposits is that interest does not offset inflation“, the expert emphasized.
Cryptorg.Exchange CEO Andrey Podolyan adheres to the opposite position. In his opinion, cryptocurrency staking and landing pages are already ahead of bank rates in terms of a lot of parameters. So, the average annual percentage of profitability in stablecoins offered by the leading crypto-exchanges is 8–15%. In addition, DeFi (decentralized finance) is now gaining strong popularity, in which you can earn 30–50% per annum. But the mechanism for a common man in the street is rather complicated, so this direction is still available only to professionals.
“In general, some traders and investors I know personally have more capital, placed in stable cryptocurrencies and giving a monthly percentage higher than in bank deposits,” Podolyan said.
Staking rates in cryptocurrencies are nominally high, but they include the credit risks of the platform or counterparty, and the credit risk often exceeds the staking rate, warned Grigory Klumov, founder of the STASIS stable cryptocurrency platform. For example, the cryptocurrency staking rate is 8%, of which the counterparty credit risk is 10%. The real staking rate is minus 2%.
“Investments in bitcoin and ether, despite their volatility, can bring income significantly higher than a deposit in a bank. But the availability of funds is not comparable to the deposit, which is additionally insured by the state. Investing in cryptocurrency is obviously a more risky instrument, which should not be allocated more than a few percent of your capital. But a few percent of the income is worth investing every day”, concluded Klumov.
Investments in cryptocurrencies can bring significantly more income than bank deposits. However, working with digital money implies the absence of insurance and extremely high risks of losing all funds. Therefore, investing in digital money is only worth considering the possibility of its deprivation.
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submitted by Smart_Smell to Robopay [link] [comments]

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43%

Full blog post with all the tables here.

tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.

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 2018 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 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 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Seventeen – UP 43%

Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.

Question of the month:

In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?
A) Moons
B) Bricks
C) Satoshis
D) Cryptos
Scroll down for the answer.

Ranking and March Winners and Losers

Besides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.
Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos.
May WinnersEthereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%.
May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot.
For nerds those keeping score, here is tally of which coins have the most monthly wins and loses during the first seventeen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in six out of seventeen months.

Overall update – BTC increases lead over second place BSV, XRP still worst performing

Ahead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.
As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment.
At the other end, XRP continues to struggle, now down -41% since January 2019.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.

Bitcoin dominance:

BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, 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 gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.
Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month:
Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. 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?
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 $3,104‬.
That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
How does this compare to traditional markets?

How does the 2019 Top Ten portfolio compare US stock market?

Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500.
The initial $1k investment I put into crypto would be worth $1,220 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: +$140
  • $1000 investment in S&P 500 on January 1st, 2019: +$220
  • $1000 investment in S&P 500 on January 1st, 2020: -$50
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 $3,310.
That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market).

Implications/Observations:

The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment.
For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month.

Conclusion:

The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?
Final word: Please take care of yourselves, your families, and your communities. Stay safe 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 recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Moons
According CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Is there any ACTUAL procedure from A to Z that let you buy/sell Bitcoin with no KYC?

For months I've been searching and learning on how to invest in the stock market, I have even used many simulations and it seems that I've been doing good, so I moved to the next step, actually making an account and do the thingy. But apparently, not being able to trade in the in the stock market was just another con to be added to the endless cons of being in/from Iraq. So I turned my face to crypto currency, because, it's "decentralised" and "open for everyone", but for another whole month I came to realise that crypto-related corporation don't differ much from governments, because to this moment, I am still not able to transfer money from my credit card into crypto currency on any wallet/exchange. Yes, if you're from anywhere other than the "do they have internet there?" countries, there are alot of ways to get and exchange crypto with no KYC regulations needed, but they don't work for me, because at some point in the procedure, I'll need to apply for KYC, manly to make payment-services accounts, as such as PayPal (which also don't support Iraq). I did find one and I think it's the only way to BUY crypto and cycle it through exchanges with no need for KYC, which is by paying with gift cards to a P2P website, which then will send you bitcoin to your wallet let's on Binance. But then the problem is how to get the money out of the cycle, because I need to finish KYC in order to withdraw to my credit card, and neither can I exchange them with gift cards because in order to be a merchandiser (seller) on P2P exchanges, I would need to finish KYC.
So, is there any actual way for someone in my situation to get into the crypto world?
submitted by ihatekyc to BitcoinBeginners [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Jan 2020 Update)

2018 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2018 - Jan 2020 Update - Down -80%
Full blog post with all the tables
**NOTE** - I usually like to release the updates a day apart, but I'll be spacing out the Top Ten 2018, 2019, and 2020 a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical). **END NOTE**
tl;dr - Alt-lead rally in January, but Bitcoin still in comfortable overall lead. NEM still in the basement. Dash crushes competition in January. January 2020 was easily the best start to a year since the experiments began in 2018.

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 Twenty-Five- Down 80%

After two straight down months to end last year, 2020 started off with a bang. Every 2018 Top Ten crypto finished the month in the green, a rare event for the 2018 Top Ten and something this grouping hasn’t seen since May 2019. The “worst” performing crypto still gained about +25% in January (XRP).

Ranking and January Winners and Losers

Six out of the Ten Top cryptos were on the move this month, most gaining ground. Bitcoin Cash climbed back to 4th place, up one from last month. Cardano and IOTA both advanced three places to #10 and #20 respectively. Dash made a massive leap this month, gaining 10 places from #26 to #16, the largest month to month move for any coin (in any direction) since this experiment began in 2018.
On the other hand, even though they both had great months, Litecoin (+68%) fell one spot and Stellar (+34%) slipped three spots to settle at positions #7 and #14 respectively.
January WinnersDash blew everyone out of the water during the first month of 2020 gaining an astounding +184% and climbing 10 positions in the rankings. Bitcoin Cash and IOTA finished in a virtual tie for second place, both up about +87%.
January LosersXRP under-performed the pack, but still finished January up +24%. And Bitcoin, despite receiving most of the headlines in early 2020, couldn’t keep pace with its altcoin peers “only” gaining +31%.
For those keeping score, here is tally of which coins have the most monthly wins and losses in the first 25 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).

Overall update – Bitcoin still with healthy lead, alts recover a bit, NEM still at the bottom

Down -46% just last month, Bitcoin made up a lot of ground in January 2020 and now is down -29% since the beginning of the experiment in 2018. Litecoin is now safely in second place at -68%, then comes Ethereum in third, down -75%.
NEM remains stuck at the bottom, down -95% despite a strong +48% gain in January. Cardano and IOTA join NEM as the three cryptos that are down over -90% since January 2018.
40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Stellar. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market gained approximately $67B in January 2020, up about +36%. After two months under $200B, the overall market cap is now back over $250B, a level not seen since September 2019. So, yes a good January 2020, but for some perspective: since January 2018, the total market cap is down -55%.

Bitcoin dominance:

As could be inferred by its relative under-performance compared to altcoins this month, Bitcoin dominance dropped to 66% in January 2020. It was near this level a few months ago, in early December 2019.
For context, 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 gained about $65 in January 2020. If I cashed out today, my $1000 initial investment would return $202, down -80%.
Here’s a look at the entire experiment, month by month:
As you can see, nothing but red. The closest this group has come to breaking even was after the very first month.
The 2019 Top Ten Experiment and the just launched 2020 Top Ten Experiment are both doing much better:
(Yes, this feels like the world’s slowest dollar cost averaging)
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:

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 -55% from January 2018, the cryptos that began 2018 in the Top Ten are down -80% 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-five 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, 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.
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 now up +21% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$210 had it been redirected to the S&P.
Taking the same $1,000 per year in January approach with the S&P 500 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 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 $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

After whimpering across the 2019 finish line, crypto has begun 2020 with a roar. A rare all green January for the 2018 Top Ten cryptos is hopefully a good sign for the year to come.
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]

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, 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, 2019 (Year End Update)

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

2019 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Year End Update - UP 2%
Full blog post with all the tables

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I then repeated the experiment on the 1st of January 2019. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2019 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 report and document in a detached manner letting the numbers speak for themselves.
The Rules:
Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2019. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2018 Top Ten Experiment.

Month Twelve and Year End Tally – UP 2% since January 2019

After a strong October, 2019 ended with two straight bloody months, each of the 2019 Top Ten cryptos finishing in the red.
Here’s the finally tally after one year: after generous rounding, the 2019 Top Ten ended the year UP 2%. My $1,000 investment on the 1st of January 2019 is now worth $1017.
For context, this same group of cryptos was up +114% at the peak in May 2019. The worst month (and the only month in the red) was January 2019.
Additionally, the portfolio has fallen well behind the stock market as measured by the S&P 500 (see below).

Ranking and December Winners and Losers

Very little movement in December, with most of the cryptos glued to their positions. Only Stellar and Tron budged, each slipping one place to #11 and #12, respectively. 2019 has been a remarkably static year in terms of Top Ten positioning: most of the coins stuck close to their starting place. This is certainly not the case in the 2018 Top Ten Experiment where coins have fallen and fallen hard.
December WinnersTether, again. As always, when Tether is the best performer it signals a not great month for this portfolio. While not the nightmare it could have been, Tether won the majority of the months in 2019, as you can see in the chart below. Bitcoin finished in second place, down -2% in December.
December Losers – In addition to dropping out of the Top Ten, Stellar lost about one-fifth of its value followed by Tron which was down -15%.
For those keeping score, here is the 2019 year end tally of which coins had the most monthly wins and losses: Tether had twice as many wins as Bitcoin and BTCSV, which finished tied for second place. Bitcoin SV also finished the most monthly losses, finishing last in four months in 2019.

FINAL YEAR END RESULTS after tracking this group for 2019: Bitcoin far ahead, followed by Litecoin, and Bitcoin Cash. Stellar and Ripple at the bottom.

Let’s start with the winners: Bitcoin is up +89% and single-handedly prevented the entire 2019 Top Ten portfolio from finishing in the red (just barely). Bitcoin carved out a healthy lead in 2019: it is well ahead of second place Litecoin (+34%) and third place Bitcoin Cash (+22%).
Many others ended 2019 flat or nearly flat. BTCSV, EOS, Ethereum, and of course Tether all finished the year close to where they started.
The final three had significant losses: Tron, Ripple, and Stellar finished the year at -33%, -46%, and -61%, respectively.
2019 also saw Tron and Stellar booted out of the Top Ten, replaced by Binance Coin and Tezos.
Quite the fall from grace for Stellar, which was the champion of the 2018 Top Ten Crypto Experiment.
So there you have it. After one year, three coins in the green, four coins flat, three coins in the red.

Total Market Cap for the entire cryptocurrency sector:

Even though the year ended in a downward trend, the crypto market overall has had an undeniably positive year.
One Year (2019) Final Market Cap Figures:
  • Since January 2019 – the total market cap for crypto has increased +49%
  • Worst Month – January 2019 ($114B total crypto market cap)
  • Best Month – June 2019 ($321B total crypto market cap)
  • The last time the total market cap reached $300B: August 2019
  • The last time the total market cap reached $200B: November 2019

Bitcoin dominance:

Bitcoin dominance ticked back up in December and ends 2019 at 68%, a level not seen since September 2019. The range since the beginning of the year has been between a low of 50% in March and a high of 70% in September. The 70% figure in September also marks the Bitcoin dominance high since I started the experiment back in January 2018. The lowest level was 33% way back in February 2018.

Overall return on investment since January 1st, 2019:

After an initial $1000 investment, the 2019 Top Ten Portfolio is worth $1,017, UP about +2% in one year.
The humble +2% gain of the 2019 Top Ten portfolio is dwarfed by the overall crypto market’s +49% gain and Bitcoin’s +89% gain. As mentioned earlier, the value of this group of coins was dragged down by the four flat cryptos and the three that finished deep in the red.
  • Lowest 2019 Top Ten portfolio value: January 2019 ($915)
  • Highest 2019 Top Ten portfolio value: May 2019 ($2139)
Here’s what the 2019 Ten Ten portfolio has returned throughout the year:
The 2018 Top Ten Experiment is faring far, far worse, down -86%.
Taken together, here’s the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios are worth $1,153.
That’s down about -42%.

Implications/Observations:

Congratulations to Bitcoin which significantly outperformed the rest of the field to end the first year of the 2019 Top Ten experiment on top. Litecoin and Bitcoin Cash deserve honorable mentions as well, finishing in second and third places.
Bitcoin also came out on top after the first two years of the 2018 Top Ten Index Fund Experiment.
Unlike the 2018 Top Ten, there were examples of months in 2019 where holding this Top Ten group cryptos outperformed the overall market. This is surprising, as this has not been the case with the other group: for each of the first twenty-four months of the 2018 experiment, the strategy of solely holding the Top Ten Cryptos was a losing approach.
That said, the year end difference between a +2% gain with the Top Ten approach vs. the +67% gain for the market overall of course implies that I would have done a lot better if I’d picked different cryptos. Or just stuck with Bitcoin and its +89% gain.
In retrospect, it seems an easy/obvious choice, as choices normally do when looking backward. But by tracking the progress of these experiments monthly, I’m able to report another obvious point: crypto is a highly dynamic market. Stellar was the best performer of 2018, for example. And Litecoin looked like it was the crypto to beat for much of 2019, up +300% at the mid-year point.
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 now up +29% since the beginning of 2019. My initial $1k investment into crypto would have yielded about +$290 had it been redirected to the S&P.

Conclusion:

Although the 2019 Top Ten ended the December fairly flat, the overall market and Bitcoin in particular had a very strong year. The year is staring off with a bang, the market is up, the halvening approaches, and current sentiment towards crypto seems positive – 2020 will no doubt be another interesting year for cryptocurrency.

Thanks and Future of the Experiments:

Thanks for reading and for supporting the experiment(s). I hope you’ve found them 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. If you’re interested in the 2018 Top Ten Index Fund Experiment, you can check it out here.
As for the future of the experiment:
  1. I’ll continue to hold and will report on the Top Ten Cryptos of 2018.
  2. I’ll continue to hold and will report on the Top Ten Cryptos of 2019.
  3. I’ve also decided to repeat the experiment with the Top Ten Cryptos of 2020.
Thanks again and all the best in 2020!
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Nov. 2019 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Nov. 2019 Update)
EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Twenty-Three - Down 85%
Full blog post with all the tables
**NOTE 1** - I'm on the fence whether or not to repeat the experiment yet again in 2020 with the new Top Ten. The problem is that there's been almost no movement: unless something drastic changes in December, it will be the exact same group of cryptos as the 2019 Top Ten minus Tron and plus Binance Coin. Tracking almost the same group, in the same way, for similar prices isn't very inspiring. I have some other ideas, but very open to suggestions: if you have any good ideas, please share them in the comments below. **END NOTE 1**
**NOTE 2** - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical. **END NOTE 2**
tl;dr - After a positive bounce in October, the cryptoverse is back to the summer's downward trajectory. Every crypto was down in November. Cardano performed the best (or least horribly), Dash lost the month for the first time since the experiment began nearly two years ago. Overall, Bitcoin is still well ahead. 60% of the 2018 Top Ten cryptos has lost at least 90% of their January 2018 value. NEM continues to be the absolute worst performer.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it 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 report and document in a detached manner letting the numbers speak for themselves.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for much happier reading.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2019 Top Ten Experiment.

Month Twenty-Three - Down 85%

After a strong October bounce, the 2018 Top Ten portfolio reverted to downward trajectory of the summer months. While all cryptos in the experiment were either in the green or flat last month, the opposite was true in November as each crypto ended the month solidly in the red.

Ranking and November Winners and Losers

There was no upward movement in November: every crypto either held onto its position or slid. After slipping three slots last month, Dash fell two more places in November and has now fallen to #22 and out of the Top Twenty for the first time since the beginning of the experiment. For the second straight month, IOTA dropped two places and now is in danger of joining Dash outside the Top Twenty. Bitcoin Cash and NEM also fell one position each, ending November at #5 and #28 respectively.
November Winners - Although it lost -11% in November, Cardano handily outperformed its peers. NEM finished in second, "only" down -15% on the month.
November Losers - Dash had a rough month, losing -28% of its value and dropping out of the Top Twenty. November also marks the first time since January 2018 that Dash ended a month at the bottom. Bitcoin Cash followed close behind Dash, finishing -27% in November.
For those keeping score, here is tally of which coins have the most monthly wins and losses during the first 23 months of this experiment. Most monthly wins (5): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win. Up until last month, the only two coins never to lose a month were Bitcoin and Dash. Thanks to a Dash's dismal November, Bitcoin now stands alone as the only crypto that hasn't lost a month.

Overall update – Bitcoin still well ahead. 60% of the 2018 Top Ten cryptos have lost at least -90% of their January 2018 value, NEM still absolute worst performer.

Although down -45% since January 2018, Bitcoin is still miles ahead of the rest of the field. Litecoin and Ethereum are virtually tied for second place, down -79%.
NEM has performed the absolute worst (currently down -96%) but has plenty of company at the bottom: six out of the ten cryptos that started 2018 in the Top Ten are down at least 90%: NEM, Cardano, Dash, IOTA, Ripple, and Bitcoin Cash. My initial $100 investment in NEM is worth just $3.83.
Additionally, 40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Cardano. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gave up its October gains and then some as $50B was shed in November. The overall market cap now back to the $198B mark, last seen in May 2019. Since January 2018, the total market cap is down -66%.

Bitcoin dominance:

Bitcoin dominance decreased slightly in November. For context, 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 from January 1st, 2018:

The 2018 Top Ten Portfolio lost -$42 in November. If I cashed out today, my $1000 initial investment would return $150, down -85%.
The 2019 Top Ten Experiment is doing better. If I cashed that experiment out today, that $1,000 initial investment would return $1,100, a +10% gain. Full November report to come. In the meantime, here's the October update.
Taken together, here's the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,250.
That's down -37.5%.

Implications/Observations:

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 -%66 from January 2018, the cryptos that began 2018 in the Top Ten are down -85% over the same period. This of course implies that I would have done a bit better if I'd picked a different group of 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-three months compared to the market overall.
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 now up +17.5% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$175 had it been redirected to the S&P.

Conclusion:

After a bounce in October, it seems like we're back to our previously scheduled programming of downward movement. One month to go in 2019, let's see what happens.
A note: although I'm planning on continuing to track both the 2018 and 2019 Top Ten Cryptos next year, I'm undecided on whether or not to repeat the experiment yet again in 2020. Please do leave your suggestions and ideas in the comments below.
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 project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

GC 3.08-10.08 Weekly Market Summary

GC 3.08-10.08 Weekly Market Summary
Quick weekly news:
  • Bitfinex offers “up to” $400 million rewards for bitcoins stolen during the 2016 exchange hack.
  • Electric Capital raises $110 million for the second fund, eyeing DeFi, and 1st layer expansions .
  • Missouri man pleaded guilty to trying to buy chemical weapons with bitcoin
Other notable events include:
- Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning.
- The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August.
Also, be sure to check out top altcoin gainers and losers of the week.⬇️

Double Trouble
Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning. A chain reorg occurs when a party gains more hashing power than the rest of the network miners, allowing them to rewrite the chain’s history and “double-spend” its crypto. Bitfly and Binance reported the reorganization, announcing all Ethereum Classic payouts, withdrawals and deposits had been suspended due to the attack. The network has suffered major reorg attacks at least twice in the last two years. In late July, hackers moved more than 807,000 ETC from unspecified crypto exchange to several wallets, according to Bitquery.
DeFi Development
The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August. The program is modeled on Silicon Valley’s Y Combinator program and will invest $120,000 in each participating team in exchange for future token purchases. Volt Capital co-founder Imran Khan and CDA partner Qiao Wang will lead the eight-week program for early-stage startups, plus a fast-track program to introduce more established startups to relevant experts. “DeFi has all the fundamental qualities to become a real, trusted alternative to the legacy financial system,” Wang said.

https://preview.redd.it/dcw35es747g51.jpg?width=1200&format=pjpg&auto=webp&s=ffdd3435a4cfd0591d10a06f67557b463cae4590
submitted by Kononenko_Ivan to GoodCrypto [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Oct. 2019 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Oct. 2019 Update)
[ EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Twenty-Two - Down -81%]
Full blog post with all the tables
tl;dr - Thanks to some good news out of China, October produced gains which snapped a three month losing streak. $1000 investment in Top Ten cryptos on January 1st, 2018 is now worth about $192. Bitcoin maintains overall leader position followed by Litecoin then Ethereum. Take the two Top Ten experiments together, I'm down -21%.
**NOTE** - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is quite similar, I assume the posts are being removed because they're seen as identical. **END NOTE**

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for much happier reading.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2019 Top Ten Experiment.

Month Twenty-Two - Down 81%

Thanks to some positive news out of China, October decisively broke a three month losing streak for the 2018 Top Ten portfolio. All cryptos in the experiment were either up or flat this month, a welcome change from summer's downward trend.

Ranking and October Winners and Losers

Although the market as a whole gained, a few of our 2018 Top Ten coins had trouble keeping up. IOTA and NEM each dropped two places to #18 and #27, respectively. Dash slid three slots, and now teeters on the edge of the Top Twenty. On the positive side Bitcoin Cash gained one position in the rankings, climbing to the four spot.
October Winners - Bitcoin Cash rebounded nicely after a dismal September finishing +29% up on the month. Ripple and Stellar had solid months as well, ending October at +16% and +14% respectively.
October Losers - Only IOTA lost value this month, down -1%. Along with NEM and Dash, the three were basically flat in October.
For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 22 months of this experiment. Most monthly wins (5): Bitcoin. Most monthly loses (5): Stellar. All cryptos have at least one monthly win. The only two coins never to lose a month? Bitcoin and Dash.

Overall update – Bitcoin far ahead of peers. Four worst performers down over -90% each, NEM still in basement.

Bitcoin is still miles ahead of the pack maintaining a 40+ percentage point lead over second place Litecoin and third place Ethereum. This isn't even the widest lead Bitcoin has held since I started the experiment nearly two years ago: August 2019's +50% lead is still the record.
Looking through my past reports, poor NEM has been stuck in the basement all year. Since January 2019 is has been the experiment's worst overall performer. NEM is currently down -96% followed by Cardano, Dash, and IOTA all down over -90% since January 1st, 2018. My initial $100 investment in NEM is worth just $4.49.
40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Cardano. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

Breaking a three month losing streak, crypto ended October in positive territory, up about +$26B by month's end. The overall market cap is sitting around the $248B mark, rebounding to September 2019 levels. Since January 2018, the total market cap is down -57%.
If you're looking for a silver lining, followers of my 2019 Top Ten Experiment will note that there has been an increase of +74% in total crypto market cap since the beginning 2019.

Bitcoin dominance:

Bitcoin dominance ticked down slightly in October, but no major shift from last month. For context, 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 from January 1st, 2018:

After three straight months of loses, the portfolio gained a modest $17 in October. If I cashed out today, my $1000 initial investment would return $192, down nearly -81%.
The 2019 Top Ten Experiment is doing a bit better. If I cashed that experiment out today, that $1,000 initial investment would return $1,387, a +39% gain. Full October report to come.
Taken together, here's the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,579.
That's down about -21%.

Implications/Observations:

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.
At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-two months compared to the market overall.
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 now up +15.2% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$152 had it been redirected to the S&P.

Conclusion:

Thanks to the news out of China, October ended up breaking the streak of three consecutive months of downward movement for crypto. Again, this shows that unpredictability is the norm in crypto: we seemed on track to continue the downward trend until the end of the year. With two months left in the year, will the October gains hold?
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 project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
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]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Year End Recap)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Year End Recap)

EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - End of Year Summary - Down 86%
Full blog post with all the tables
**NOTE** - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical. **END NOTE**
tl;dr - Every crypto was down again in December. After two years tracking this group of cryptos, I'm down -86%. Although the market as a whole rebounded in 2019, the 2018 Top Ten portfolio was flat for the year. Bitcoin wins this year by far, do you know who one last year? 60% of the 2018 Top Ten cryptos has lost at least 90% of their January 2018 value and 50% of cryptos aren't in the Top Ten anymore. NEM continues to be the absolute worst performer. Happy New Year, Happy New Decade!

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for much happier reading.

Month Twenty-Four and Two Year Tally – Down 86% since January 2018

Thought not quite as bad as November, December was a rough month in the cryptoverse: for the second straight month, each of the 2018 Top Ten cryptos ended 2019 in the red.
Finally tally after two years of this experiment? I am now down -86% on the 2018 Top Ten crypto portfolio since January 2018. My $1,000 investment on the 1st of January 2018 is now worth $136.
This isn’t quite the record low: the 2018 Top Ten bottomed out at -88% in January of 2019.
The best month this year for this group of cryptos was June 2019, where this portfolio reached a -71% return on initial investment.

Ranking and December Winners and Losers

For the second straight month, there was no upward movement: every crypto either held onto its position or slid. Stellar, Cardano, and NEM, each dropped a position, down to #11, #13, and #29 respectively.
December was not kind to IOTA and Dash: IOTA fell three spots to #23 and Dash dropped four positions to #26.
December WinnersBitcoin pretty much broke even, down only -2% in December. Second place goes to Bitcoin Cash, down -6%.
December Losers – For the second month in a row, I’m going to have to give the loss to Dash. Although it virtually tied with IOTA and Dash (both down -21%), Dash also reached a new low, settling down at #26. A reminder: since January 2018, Dash had never ended a month in last place until last month.
For those keeping score, here is tally of which coins have the most monthly wins and losses after two years of the 2018 Top Ten Cryptos 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.

FINAL RESULTS after tracking this group through 2018 and 2019: Bitcoin is well in the lead, followed distantly by Litecoin, then Ethereum. NEM and Dash are the worst overall performers.

Although down -46% since January 2018, Bitcoin is still miles ahead of the rest of the field. Litecoin and Ethereum are virtually tied at a very distant second place down -81% and -82% respectively.
That’s what victory looks like for the Top Ten 2018 batch of cryptos.
If that’s victory, what’s defeat?
NEM has performed the absolute worst, down -97%. in two years. My initial $100 investment is now worth $3.47.
But NEM is by no means alone at the bottom: 60% of the cryptos that started 2018 in the Top Ten are down at least 90%: NEM, Cardano, Dash, IOTA, Ripple, and Bitcoin Cash.
As you’ll see on the chart above, 50% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, Stellar, and Cardano. They have been replaced by EOS, Binance Coin, Tether, Tezos, and BTCSV. Three coins (NEM, Dash, IOTA) have dropped out of the Top Twenty and one (NEM) is in danger of dropping out of the the Top Thirty. Quite a fall in two years.
Of note, with the exception Cardano, the Top Five cryptos have more or less stayed put over the course of the twenty-four month experiment. Also of note: Litecoin has maintained perfect consistency, ending 2017, 2018, and 2019 glued to the #6 position.
For extra credit, does anyone remember which crypto finished 2018 in the lead?
Answer – Stellar.
Probably not what you were thinking, huh?

Total Market Cap for the entire cryptocurrency sector:

The crypto space lost $9B in December, which isn't much for crypto and nowhere near the $50B which evaporated in November. The overall market cap is now back to the $189B mark, last seen in May 2019.
Two Year Final Market Cap Figures:
  • Since January 2018 – the total market cap for crypto has dropped -67%.
  • Since January 2019 – the total market cap for crypto has increased +49%
  • Worst Month – January 2019 ($114B total crypto market cap)
  • Best Month – January 2018 ($575B total crypto market cap)
  • The last time the total market cap reached $500B: January 2018
  • The last time the total market cap reached $400B: May 2018
  • The last time the total market cap reached $300B: August 2019
  • The last time the total market cap reached $200B: November 2019

Bitcoin dominance:

Bitcoin dominance ticked back up in December and ends 2019 at 68%, a level not seen since September 2019 and much higher than 2018’s year end figure of 52%.
For context, 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:

After an initial $1000 investment, the 2018 Top Ten Portfolio is worth $136, down about -86% in two years.
Although the overall market ended 2019 stronger than the year before, the 2018 Top Ten Experiment cryptos finished at more or less the same level: last year the portfolio recorded a -85% loss and was worth $152.
  • Lowest 2018 Top Ten portfolio value: January 2019 ($122)
  • Highest 2018 Top Ten portfolio value: January 2018 ($792)
The 2019 Top Ten Experiment is doing better, but the year end report will show that group has basically broken even for the year, up a mere +2%. The year end report will be released soon for the 2019 Top Ten.
Taken together, here’s the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,153.
That’s down about -42%.

Implications/Observations:

Congratulations to Bitcoin which significantly outperformed the rest of the field at the end of the first two years of the 2018 Top Ten Index Fund experiment.
Two years on, there are a few obvious takeaways from the 2018 experiment. Buying at all time highs put this experiment in a difficult position from the start and it has not yet come close to just breaking even. The high point of this experiment was at the end of the very first month (January 2018) where the portfolio was “only” down -20%. I haven’t run the numbers, but by eyeballing and with hindsight, it’s easy to see that it would have been much better to come in at just about any other time during that first year. The portfolio would still be down, but not like this – not like this.
That said, buying mid-January when prices were even higher would have been worse – hard to imagine considering my Top Ten buys on New Years Day 2018 have seen a -86% drop – but yes, it could have been even worse.
For each of the first twenty-four months, the experiment’s focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -67% from January 2018, the cryptos that began 2018 in the Top Ten are down -86% 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 the 2018 Top Ten Experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-four months compared to the market overall.
There are a few examples, however, of this approach outperforming the market in the parallel 2019 Top Ten Crypto Currency Experiment.
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 now up +21% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$210 had it been redirected to the S&P.

Conclusion:

Although the 2018 Top Ten Experiment cryptos ended 2019 pretty much where they began, the market overall saw some solid gains in 2019. 2018 ended pretty hopelessly as crypto seemed to be in free-fall. 2019 overall felt like a recovery story, as a bottom was reached. With The Bitcoin Halvening due to arrive mid 2020, it should be another interesting year in the crypto space.

Thanks and Future of the Experiments:

Thanks for reading and for supporting the experiment(s). 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 project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
As for the future of the experiment, why not, let’s keep this thing rolling:
  1. I’ll continue to hold and will report on the Top Ten Cryptos of 2018.
  2. I’ll continue to hold and will report on the Top Ten Cryptos of 2019.
  3. I’ve also decided to repeat the experiment with the Top Ten Cryptos of 2020.
Thanks again and all the best in your crypto adventures!
edit: changed a bad link
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

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Guthaben von Bitfinex zu Binance schicken

Binance Exchanger, ... Investment in Kraken - lohnt sich das? Meine Meinung! - Duration: 13:37. Dr. Julian Hosp - Bitcoin, Aktien, Gold und Co. 12,436 views. 13:37. Wie sichere ich meine Coins ... Learn the basics of Bitcoin Trading in Philippines for beginners. In this video I will show how to Buy and Sell or Trade btc to other altcoins. I will also s... Bitcoin is a volatile instrument and can move quickly in any direction. Crypto Oracle is not responsible for any trading loss incurred by following this advice Category Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... #Coinbase In max 3 min Bitcoin versenden von deinem Coinbase Konto, so gehts. Eine Auszahlung hat bei mir ca 20 min gedauert. Nach der Eingabe des Codes den man via SMS bekommt, die Transaktion ... Hallo zusammen, in diesem Video zeige ich euch das neue Binance Lending Programm, bei dem ihr bis zu 15% Rendite im Jahr bekommt. Viel Spaß! #Binance #Lending #BNB Wenn du diesen Kanal ... In dem Video zeige ich euch wie ihr eure Guthaben von Bitfinex zu Binance schicken könnt. Binance - Gute Alternative zum Handeln von Altcoins: https://www.b... Die Binance Exchange ist eine chinesische Börse auf der Du Dich unkompliziert registrieren und Bitcoin sowie viele weitere Altcoins traden kannst. Hier kannst Du Dich registrieren: http ... Kostenlos bei Binance registrieren http://bit.ly/Binance-Start In diesem Video zeige ich Schritt für Schritt wie ihr auf euer Bitcoin Wallet bei Binance ei... I lost $8133 in the Crypto Market with Bitcoin Investing on Binance. This video is about my crypto investing journey, starting with an initial $10,000 investment to a approximately $2000 portfolio.

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