Buy and Hold 100 Cryptocurrencies for 5 Years - Week 1 - $404 USD in profit - page 2.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: Anthony1985 on December 15, 2017, 07:37:37 AM

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/

Hi, I love your project. Personally I am not persistant enough to hold for 5 years the same coins. Typically, diversifiying your portfolio renders more stability. Some people are just so crazy about bitcoin that do not consider all the oportunities out there.

I do diversify, but also pay attention to some coins that look promising. I put a little bit and many times it has given nice results.

iamabasicboy

newbie

Activity: 52

Merit: 0

Quote from: Anthony1985 on December 15, 2017, 07:37:37 AM

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/

Cool project, there's any chance to be a part of this ?

Aone

member

Activity: 230

Merit: 10

An interesting idea is an experiment. I recommend to set up a telegram channel in addition, there will be many subscribers interested in subscribing to it.

patispace

member

Activity: 183

Merit: 11

This experiment seems very interesting to me, but my obvious question is what do you plan to do with the infinity of new cryptocurrencies that will appear over these five years? We must remember that many of the altcoins with great potential that exist today are new, so it is a fact that new surprises will emerge throughout the experiment.

Would you incorporate them by dropping others?

GayOfThrones

full member

Activity: 479

Merit: 103

That's a very smart project and I will follow that. Perhaps I should make something similar.r myself even though 100 coins may not be enough

Zandar

full member

Activity: 294

Merit: 161

With so many forks, swaps, wallet changes, updates etc going on, I don't know if it is a good idea to buy and just hold for 5 years without keeping yourself updated. It would be wise to check up every week or other week if there have been made any changes to your coins. The deal with crypto is once you go in, you need to keep checking it. So good fortune on your five years of road ahead of you.

aquantivis86

newbie

Activity: 129

Merit: 0

I need a way of reminding myself to look at this thread in 5 years. Just don't sell! Hold until the end. It might be a bumpy ride.

kimochidesh

sr. member

Activity: 518

Merit: 257

This seems to be a really good idea but I think it will only be effective when the market is in a Bullish stage. And for next 5 years we can't trust the market sentiments. Moreover, 5 years is too long time, in between that Central authorities will try to regulate it in some way or another, so this regulation we can't really predict market movements.
But yes, diversifying investment is definitely an effective way to earn profits in long term.

Cryptogab

member

Activity: 71

Merit: 10

Will be good to see the difference between this investment vs the profit gained only with bitcoin in few months. I did kinda same investment but with only about 10 coins (random not the first10) and after few months I have to say that if I had invested only in BTC I would have gained a lot more Embarrassed

energycom

full member

Activity: 172

Merit: 100

Quote from: Vohoanghiep on December 15, 2017, 02:50:11 PM

I really admire your perseverance waiting. Five years is not a short time, but with that small amount of money you have made a small profit. Most people are impatient and sell cryptos when it raises prices. With Bitcoin, too, if everyone waited patiently, maybe now you have become rich with it

That much patience is too much. We can't wait forever by holding those tons of tokens. 5 years is too much, and it would make a pressure on me. Waiting for years is the job of rich people.

ZaoXhou

sr. member

Activity: 467

Merit: 251

Interesting, don't stop updating the thread and don't get tempted to sell early either or we will never see the true result.

aoihs00

sr. member

Activity: 700

Merit: 300

It make sense because investing into multiple currencies actually gives us more odds of winning the game. I actually read this somewhere on this forum only. I mean it is really easy to work out when we talk about the math behind this. With multiple currency investment we get to hit the stone in a crowd and this means that hitting the target is far easier. I understand what you want to show us here, by multi coin investment we can see mass effect on the profits. For example, 100 coins moving by few cents is nothing but our investment moving by few dollars if considered altogether. Yeah thats pretty awesome. However putting stakes on 100 coins isn't possible because some of them might dump crazy zero and we may need to over come that $10 investment first before we can proceed for profit window.

kinki32

member

Activity: 266

Merit: 10

Very interesting idea I will follow your site. Maybe better hold maximum 50 crypto

Vohoanghiep

full member

Activity: 301

Merit: 100

I really admire your perseverance waiting. Five years is not a short time, but with that small amount of money you have made a small profit. Most people are impatient and sell cryptos when it raises prices. With Bitcoin, too, if everyone waited patiently, maybe now you have become rich with it

Kakkles

newbie

Activity: 61

Merit: 0

Very interesting project! Please keep sharing your progress, looking forward to seeing it next week!

Cop999

full member

Activity: 280

Merit: 100

Very interesting project.
Although of course 100 coins are very much, it is better to choose not more than 25 coins. My opinion.
On the other hand, it will be more interesting.
If the cryptomarket does not crash, then in 5 years you will become a rich man.
Good luck. I will be follow up the project.

Carmen01

full member

Activity: 294

Merit: 101

Streamity Decentralized cryptocurrency exchange

Quote from: Anthony1985 on December 15, 2017, 07:37:37 AM

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/

predict is good or bad because it's no assurance,no one know if the crypto is still here after 5 years or we have this after 5 years that all i can say and that is negative.But now i think we experience already the future of crypto that we have digital money with high price so is the positive here.Invest now but not all of your money and that is safety move to do with this volatile price of digital money or bitcoin.

chocopapaya

full member

Activity: 686

Merit: 131

It's definitely interesting, but I would say that it is a terrible strategy.
It's basically diversification on crack and too much of something is never good.

Also, it seems to be more like betting rather than strategic investing.
Since the only thing that is considered is coinmarketcap, there was no thought or research put into what you are actually buying.
That would be like going into a super market in a foreign country, and buying one item of every single thing in the produce section even if you don't know what the food is.
I'm guessing that that strategy would give you quite a bit of foods you purchased that you end up not liking.

Another thing to consider is that 2018 will be very different than 2017.
BTC has entered hyper inflation mode and it's spilling into eth and ltc.
One thing to consider though, is that there are a lot of even top 30 coins that are just not rising in price well.
Most of the surge in price is a direct result of the btc inflation rather than actual real money flowing into these coins.
Take a look at Monero vs. say omg, or qtum, or so many others.

I think in 2018 you will see more cases of this where coins with real uses and solid tech will do extremely well and all of the others will stagnate.

CryptosapienZA

full member

Activity: 378

Merit: 101

Quote from: Anthony1985 on December 15, 2017, 07:37:37 AM

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. Your portfolio is diversified. $404 however is a lot in 1 week. I'm interested in how much you lost in fees and how many wallets you have? I have never done it but I have looked into doing it for the top 20...

disconnectme

hero member

Activity: 1876

Merit: 512

I think 70% of the tokens you picked will under perform long term, but those that will win will do very well, I believe the samples size is too many, I would have prefer something like 20 to 30 selected coins

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