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Topic: Buy and Hold 100 Cryptocurrencies for 5 Years - Week 1 - $404 USD in profit (Read 667 times)

full member
Activity: 196
Merit: 100
Nice idea, man!

Keep posting, please.
Don't see total profit/loss on the main page, do you need help with this? It's possible to fetch all rates via API and make a simple widget for overall profit.
Let me know if you'll need help with this.

P.S. I'm sure in 1+ year you will gain huge profit, good luck!
legendary
Activity: 2394
Merit: 1632
Do not die for Putin
Pretty cool idea. But I am not sure if I would want to hold for 5 years. But then we never know, and you might get lucky and invest in the next facebook or google. I am sure you will end up making good money.

Spreading and waiting are not bad ideas at all. There are many stories of people getting rich just by "hodling", but I think that the competition has got fiercer now and we have to be selective with our money.
sr. member
Activity: 630
Merit: 257
This is not a unique experiment but simply a strategy which big companies or mutual funds adopt to gain more profit. It is called diversification of risk or portfolio management. But I am not sure about time period that is taken is authenticated or not. We need to evaluate our investment on quarterly or half yearly basis so that we can take out our funds from non-performing or poor performing coins and shift these funds to some useful coins where we can get far better returns than before.
newbie
Activity: 46
Merit: 0
5 years is a LOT of time and a LOT of work, would like to see results of somebody who did that on early 2017 running that challenge for a year
member
Activity: 98
Merit: 10
no one can hold the 100 without if spend time to btctalk Smiley  we will get crazy Smiley
full member
Activity: 265
Merit: 100
I think that you have great willpower. I can not look calmly, if the price rises, I want to fix the price and put a render on sale. 5 years. It is too long. Your experiment is very interesting, but I do not have the patience to last 5 years.)
member
Activity: 140
Merit: 10
The Future of Sports is Fan Controlled
 It is not logic!!!
 Why to keep them 5 years? good idea is to share your investment to 100 coins,but when you see profit from one of them,sell it!!then pick another one!!!!
 Why to wait? if you want to wait without any buy-sell action, better to keep Bitcoin!!! no risk!!!!
sr. member
Activity: 686
Merit: 257
Interesting journey, I have always want to start my journey with top 30 altcoins but find it a hassle to withdraw the coins into its respective wallets.

Considering the withdrawal fees and managing individual coins in its wallets, do you have a good way to do it?

I don’t think a hardware wallet is able to support all the coins and  not safe to keep the coins in exchanges for 1 to 5 years.
member
Activity: 168
Merit: 10
Thats a bad investment,picking coins without any research will waste your money and your precious time,you can double your money in just a week if you are good in trading with technical and fundamental analysis.
sr. member
Activity: 560
Merit: 251
Tic.eth
It a good strategy but the big questions is can you hold for that long prior without being tempted to sell

Selling before 5 years is not allowed Smiley
full member
Activity: 392
Merit: 100
It a good strategy but the big questions is can you hold for that long prior without being tempted to sell
full member
Activity: 280
Merit: 101
It is very interesting. I myself thought to do something similar, but out of 50 coins and increase the purchase amount, since there is a large commission if you buy many different coins with small amounts. And 5 years is a long period. You just need to remember to follow them, as some coins fly off the exchange and lose their meaning at all. Y need to get rid of them, because in 5 years, who knows what will happen.
hero member
Activity: 826
Merit: 518
Sharing this cool experiment on crypto, consist of holding 100 cryptos for 5 years, investing $10 on the top 100 on coinmarketcap. So far with $404 USD in profit on the initial $1000 invested seems like the experiment is doing well.

What do you think about it? Could it be an actual good strategy to spread the investment on many coins? has any of you done something similar?

https://buyandhold100crypto.com/buy-and-hold-100-cryptocurrencies-for-5-years-week-1-404-usd-in-profit/

Interesting idea but 100 crypto currencies looks too much and I think 90 of them will fade away in five years so it is better to invest on 10 crypto currencies than 100.But $404 in 1 week it a great achievement so you can cashout your invested money in some weeks and let's roll your profit amount for the five years who knows it may turn into $1M  on someday.Best of luck bro.
member
Activity: 238
Merit: 10
Sharing this cool experiment on crypto, consist of holding 100 cryptos for 5 years, investing $10 on the top 100 on coinmarketcap. So far with $404 USD in profit on the initial $1000 invested seems like the experiment is doing well.

What do you think about it? Could it be an actual good strategy to spread the investment on many coins? has any of you done something similar?

https://buyandhold100crypto.com/buy-and-hold-100-cryptocurrencies-for-5-years-week-1-404-usd-in-profit/
I would suggest to lessen it to top 20-30 cryptocurrency and check first the technology and the team that handle it. 100 crypto is a huge number in portfolio and many of them would not perform well.
sr. member
Activity: 560
Merit: 251
Tic.eth
Nice project! I hope you'll keep us updated even during the bear markets when the portfolio is bleeding! Looking forward to it!

It will definetly be done.
legendary
Activity: 2198
Merit: 1232
This is straight profit now because we are in bull market. When thing turn down you will see how easy and fast they will be dumped. Bull markets are not a good time to buy coins to hold long term.
sr. member
Activity: 462
Merit: 250
it's a natural thing and certainly many who do it by buying coins when the price is cheap and hold up until the price looks fun for him.
keeping an eye on your coin history before you buy it is the best step in making long-term investments.
jr. member
Activity: 38
Merit: 11
Nice project! I hope you'll keep us updated even during the bear markets when the portfolio is bleeding! Looking forward to it!
newbie
Activity: 2
Merit: 0
Low risk, big profit. Probably about 30% of this currencies will be down in five years, but that which won't die will make you big profit. Good luck. I'll be following!
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