; D
no features - its "boring"
oh wait there's the:
- "i'm not losing constantly" feature
and the
- "i didn't buy a fuck tard monopoly" feature.
and the
- "stick your features up your cunt" feature.
^^^^^
these are all new Quark features - i've just installed them.
Topic: 2 weeks, 40% loss of market cap on alts (Read 755 times)
Since I started trading alts, it has always frustrated me that there was no decent index to gauge the market. As a trader, I could only look at the value of my portfolio. It is impossible to compare to the market as a whole.
So, for the last month, I've been compiling some indexes and working on various strategies to measure the market as a whole. There are a couple out there, but they include BTC, which is a double-whammy since most alts are priced on a per BTC basis. Also, since BTC is 95% of the total crypto market, these indexes track BTC more closely than the general alt market.
I started two weeks ago with my current set of calculations. Maybe I should stop, because the market has taken a big fat shit since that time We've seen an evaporation of about $2 billion in crypto market cap:
Index 1: cap-weighted, includes all cryptos except BTC is now 61.92
Index 2: cap-weighted, includes all cryptos except BTC and LTC is now 69.88
(These indexes are imperfect because coinmarketcap has added 5 or 6 cryptos in the last eleven days, which skews them a little high. Interesting that the HUGE dump by LTC has such an impact, which is why index 2 is not quite as ugly...no LTC)
Index 3: cap-weighted, includes a basket of 31 NON-LTC cryptos selected by cap/volume metrics is now 63.86
Index 4: cap-weighted, includes the basket of 31 PLUS LTC is now 58.31
(I think Index 3 is actually the closest to what I'm trying to accomplish, which is to judge the general movement of the alt market as a whole. I created Index 3 and intentionally left out LTC because it was so much larger than the rest of the alts and I wanted to gauge the movement of my portfolio against a representative sample. Again, note that LTC influenced lower.)
Index 5: price-weighted version of Index 3 is now 56.01
Index 6: price-weighted version of Index 4 is now 54.72
(Dow Jones is price-weighted. S&P, Russell, most others are cap weighted. I just set these up to see if there would be much difference. Again, LTC provides downward weight.)
Meta index is 60.78. This contains elements of all above.
Will now re-balance the basket. I can already see some that will be added based on cap/volume metrics and some will be going away. You can PM me if you want that list. I'm happy to post in thread if anybody gives a shit, as this isn't a market-mover like when the S&P 500 announces their additions/deletions.
TL:DR If your crypto portfolio is down by less than 37-40% in the last two weeks, you are probably beating the market. Good trading!
So, for the last month, I've been compiling some indexes and working on various strategies to measure the market as a whole. There are a couple out there, but they include BTC, which is a double-whammy since most alts are priced on a per BTC basis. Also, since BTC is 95% of the total crypto market, these indexes track BTC more closely than the general alt market.
I started two weeks ago with my current set of calculations. Maybe I should stop, because the market has taken a big fat shit since that time We've seen an evaporation of about $2 billion in crypto market cap:
Index 1: cap-weighted, includes all cryptos except BTC is now 61.92
Index 2: cap-weighted, includes all cryptos except BTC and LTC is now 69.88
(These indexes are imperfect because coinmarketcap has added 5 or 6 cryptos in the last eleven days, which skews them a little high. Interesting that the HUGE dump by LTC has such an impact, which is why index 2 is not quite as ugly...no LTC)
Index 3: cap-weighted, includes a basket of 31 NON-LTC cryptos selected by cap/volume metrics is now 63.86
Index 4: cap-weighted, includes the basket of 31 PLUS LTC is now 58.31
(I think Index 3 is actually the closest to what I'm trying to accomplish, which is to judge the general movement of the alt market as a whole. I created Index 3 and intentionally left out LTC because it was so much larger than the rest of the alts and I wanted to gauge the movement of my portfolio against a representative sample. Again, note that LTC influenced lower.)
Index 5: price-weighted version of Index 3 is now 56.01
Index 6: price-weighted version of Index 4 is now 54.72
(Dow Jones is price-weighted. S&P, Russell, most others are cap weighted. I just set these up to see if there would be much difference. Again, LTC provides downward weight.)
Meta index is 60.78. This contains elements of all above.
Will now re-balance the basket. I can already see some that will be added based on cap/volume metrics and some will be going away. You can PM me if you want that list. I'm happy to post in thread if anybody gives a shit, as this isn't a market-mover like when the S&P 500 announces their additions/deletions.
TL:DR If your crypto portfolio is down by less than 37-40% in the last two weeks, you are probably beating the market. Good trading!
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