ALT coin Indexes, like Dow Jones or SP500, but for crypto coins

alt19

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Activity: 328

Merit: 250

You are not right.
The components of the DJIA have changed 53 times only in its 128-year history.
The same situation is with a lot of other market indices.

If we use top 100 market cap coins it will not show how much an investor will gain in % and he would need to change his portfolio every day.
It's not a long term investor approach.

Lazy? We all are lazy. You are lazy to look at http://alt19.com/marketindexes.html before quoting outdated info.

If I would use the approach you talk about, I'd just get Total Market Cap of 100 top coins from coinmarketcap.com and would make 'Altcoin index', based on this value.
It's very simple technically but it's not correct approach. It's really worthless for investors.

Interesting new coins... If I could short them it would be interesting... But as I have no this possibility and I'm not a miner...

Please tell me exactly which new interesting coins you mean, I will make their index and let's see where it will be an year later.

Quote from: Zer0Sum on May 12, 2015, 03:43:02 PM

Because you are too lazy to develop a "rolling index" that would actually track the Alt Market.

All market indices remove stocks every month... and add stocks every month...

Also, you obviously do not trade interesting new coins... where all the action is.

alt19

sr. member

Activity: 328

Merit: 250

Quote from: tokeweed on May 11, 2015, 08:21:04 PM

This is a good idea. Minus the crapcoins though.

Thank you for feedback.
I'm afraid, we would need a crap expert to spot which coin is crap.

Old, time-tested coins that people can trade with profit on Cryptsy with no risk that they would be delisted (that's a problem with Bittrex and Poloniex) have been included in ALT indices.

It's not easy task to calculate wide market altcoin indices. You may add a coin to index base and it may be delisted, or an exchange will be down. Remember Mintpal? Also some coins prices are too volatile due to lack of market liquidity.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: Praeconium on March 18, 2014, 05:18:10 AM

Quote

ALT19 Index calculating
7 constant coins included:
Litecoin - 20%
Namecoin - 12%
Novacoin - 7%
Terracoin - 7 %
Peercoin - 7 %
Feathercoin - 7 %
Primecoin - 7 %
+ 12 variable coins (Worldcoin, Quark, Doge, Digital... a composition is changeable but it's weighted to match previous index values when there is any change)
Calculating is in BTC. First value is 100.

Care to share why % are fixed?

As someone who has designed Alt indices... this approach is worthless.

You are locking coins that were relevant in 2013...
Because you are too lazy to develop a "rolling index" that would actually track the Alt Market.

All market indices remove stocks every month... and add stocks every month...
Your index is the equivalent of weighting "pets.com" from 2001 at 7% in 2015.

Also, you obviously do not trade interesting new coins... where all the action is.

alt19

sr. member

Activity: 328

Merit: 250

Quote from: shanem on May 12, 2015, 11:02:56 AM

This can be difficult to implement.
Many of the altcoins are just shit and it will take a huge market cap and a pump to get an altcoin into top 100.

Not all coins are for wide adoption and payments.
Some of them are just collectables, but it's not bad.

ALT indices (ALT100 particularly) help to trade Litecoin, it shows altcoin market trend.

Top 100 market cap coins are not a good base for Altcoin index, in my opinion, in this case index base will vary too often and will affect trend history relative to the value at the beginning.

shanem

legendary

Activity: 1344

Merit: 1000

This can be difficult to implement.
Many of the altcoins are just shit and it will take a huge market cap and a pump to get an altcoin into top 100.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

This is a good idea. Minus the crapcoins though.

alt19

sr. member

Activity: 328

Merit: 250

Altcoin Indices Today:

ALT_GALAXY      30.569
ALT_JEWELS      19.983
ALT_ANIMALS      13.818
ALT_INNOVATIVE      10.180

Coins with galaxy and gem theme succeeded last year.

Note: Marscoin (+697% today on Poloniex) is not included in ALT_GALAXY index.

alt19

sr. member

Activity: 328

Merit: 250

ALT_ANIMALS, ALT_JEWELS, ALT_BTCE now are around 25, like they were before.
All these new indexes are with a base value of 25, first calculated in June 2014.

So the worst are ALT_WORLD (nothing strange) and ALT_INNOVATIVE (that is quite unexpected).

alt19

sr. member

Activity: 328

Merit: 250

ALT_WORLD (coins with geographic associations, like Spaincoin, Auroracoin, AMC...) now is 13.94

alt19

sr. member

Activity: 328

Merit: 250

for comparison, ALT_Collectibles dropped to 18.29 only.

alt19

sr. member

Activity: 328

Merit: 250

Several months ago I've added some new altcoin market indexes.
Some results are quite unexpected.
I mean how prices changed since it was first calculated.
The worst is ALT_INNOVATIVE index (the components of the index are coins with innovative features).
It dropped to 10.744 (the first value was 25 at the end of June 2014).

alt19

sr. member

Activity: 328

Merit: 250

Things changed since December and there are some changes in ALT19 and ALT100 Index calculation made also to match your ideas, suggestions.
It became more transparent and usable.
Now you can view not only the charts http://www.alt19.com
but also all the components: alt19.com/marketindexes.html
Thanks to everyone for your support!

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

Well since you cannot buy these indexes (you don't have to, because there are no fees), I do not see any reason behind this effort. But thank you anyway.

alt19

sr. member

Activity: 328

Merit: 250

Quote from: drakoin on March 15, 2014, 10:34:18 AM

Interesting idea.

Charts?

Please publish your data in CSV, too.

new!
data in CSV and CHARTS

http://alt19.com

alt19

sr. member

Activity: 328

Merit: 250

Quote from: Praeconium on March 19, 2014, 03:52:27 PM

Quote from: alt19 on March 18, 2014, 06:41:59 AM

This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy.
But price absolute values are extremely different so you need some coefficients.
Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have.
If traded on BTC-e and also on Cryptsy - more weight.
And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index.
And there is also ALT100 index where 100 coins included with 1% weight each.

Ok, coefficient is clear but why is it fixed if You claim that initial basing is on large volume? What if volume changes? How will You adjust for %?

The general idea of indexes: to compare, to see trend history relative to the value at the beginning.
If we include new and new coins or change weights every time, there will be no stability. You see how new coins are dumping altcoin market now.
Using Indexes means dealing only with fixed number of coins included.
About % weight: there may be some corrections in future if things change.

bitinlet

member

Activity: 91

Merit: 10

I've thought of this too over the past few months, but the weights should not be fixed. Let me see if I can come up with something exact. I have a formula in my head.

Praeconium

member

Activity: 102

Merit: 10

Quote from: alt19 on March 18, 2014, 06:41:59 AM

This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy.
But price absolute values are extremely different so you need some coefficients.
Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have.
If traded on BTC-e and also on Cryptsy - more weight.
And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index.
And there is also ALT100 index where 100 coins included with 1% weight each.

Ok, coefficient is clear but why is it fixed if You claim that initial basing is on large volume? What if volume changes? How will You adjust for %?

alt19

sr. member

Activity: 328

Merit: 250

This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy.
But price absolute values are extremely different so you need some coefficients.
Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have.
If traded on BTC-e and also on Cryptsy - more weight.
And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index.
And there is also ALT100 index where 100 coins included with 1% weight each.

Praeconium

member

Activity: 102

Merit: 10

Quote

ALT19 Index calculating
7 constant coins included:
Litecoin - 20%
Namecoin - 12%
Novacoin - 7%
Terracoin - 7 %
Peercoin - 7 %
Feathercoin - 7 %
Primecoin - 7 %
+ 12 variable coins (Worldcoin, Quark, Doge, Digital... a composition is changeable but it's weighted to match previous index values when there is any change)
Calculating is in BTC. First value is 100.

Care to share why % are fixed?

kelsey

legendary

Activity: 1876

Merit: 1000

I've been looking at ways to promote a core group of cryptos as 'bluechip', something to separate them from the packs of zillions, though I don't think like regular markets it be based purely on market cap, need certain standards also to separate the scams.

Topic: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins (Read 1883 times)