Wow, a very interesting and informative topic.
Any similar topics? If not, then do not hesitate, run it again.
Topic: LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ENDED (Read 6610 times)
December 04, 2019, 04:37:18 PM
September 10, 2018, 12:58:54 PM
Wish I would have seen this, looks like it would have been great fun.
I was reading buwaytress’ trust rating & saw about this.
I probably would have joined if I’d seen it.
I was reading buwaytress’ trust rating & saw about this.
I probably would have joined if I’d seen it.
Yeah, sorry buddy. This section of the forum is probably a little quiet, even I forget to check in for weeks, but entertainment value quite high as you can see;) We actually started a second round which you can follow here... there's definitely been demand for it. I don't envy Loyce for having to keep track of everything, even if there's a bit more automation now in the 2nd round. My new pick isn't doing too well either.
It'll probably be replicated by someone else, if not a 3rd concurrent round. There's just something about watching your pick (fail to) perform against others. Some competitive element maybe?
I hadn't thought of that yet. It sounds like a good idea, although I'm still holding enough GBYTE (which continues dropping until now).
I'll leave this topic open, it would be nice to post here when you're back at 0.01BTC again.
I'll leave this topic open, it would be nice to post here when you're back at 0.01BTC again.
That I will do!
September 08, 2018, 12:42:09 PM
I like the idea of an investment cooperative. I think I'm a bit concerned about the fixed term for the investment. Crypto is so volatile, that I think one needs to maintain flexiblity to take advantage of market movements. I'd also like to be able to choose between different risk:reward ratios, and this is not possible with a single portfolio.
Well, this is an experiment not a real investment plan or anything, it's just for fun and maybe profit... maybe
September 08, 2018, 07:51:41 AM
I like the idea of an investment cooperative. I think I'm a bit concerned about the fixed term for the investment. Crypto is so volatile, that I think one needs to maintain flexiblity to take advantage of market movements. I'd also like to be able to choose between different risk:reward ratios, and this is not possible with a single portfolio.
August 27, 2018, 09:57:16 AM
Wish I would have seen this, looks like it would have been great fun.
I was reading buwaytress’ trust rating & saw about this.
I probably would have joined if I’d seen it.
I was reading buwaytress’ trust rating & saw about this.
I probably would have joined if I’d seen it.
August 06, 2018, 02:51:41 PM
Could be more promising to start round 2 immediately lol.
I won't try to time the market, so I'll start when it's all ready. It shouldn't take much longer.I'm sure we all knew the risk of alts, and personally am prepared to lose everything in an experiment. As OgNasty says too, we generally know what to expect with USD gains and BTC losses.
I've always said altcoins (and later ICOs and Forkcoins) were only created to give the creator more Bitcoins. Long term that still seems to be true.Around the start of 2017, on the other hand, many altcoins went up 10x to 100x. I also think that was a one-time thing.
Quote
Just a shame about the timing. But we're all free to go on and buy our chosen alts and hold on to those anyway (which is probably what I'll do, beef up a few more PPC
I hadn't thought of that yet. It sounds like a good idea, although I'm still holding enough GBYTE (which continues dropping until now).I'll leave this topic open, it would be nice to post here when you're back at 0.01BTC again.
August 06, 2018, 04:56:29 AM
Hello LoyceV! I must admit I forgot all about Aug 4th, but I just noticed now the 0.005+ BTC or so to my wallet came and I instantly knew where it came from. Like billgator said, positive experience to be gained. I'm sure we all knew the risk of alts, and personally am prepared to lose everything in an experiment. As OgNasty says too, we generally know what to expect with USD gains and BTC losses. Just a shame about the timing. But we're all free to go on and buy our chosen alts and hold on to those anyway (which is probably what I'll do, beef up a few more PPC
See you all for round 2.
See you all for round 2.
August 04, 2018, 11:56:27 AM
Received funds to my "after 10 months" wallet. It was an enjoyable experiment LoyceV and I got excited to see the table each 4th day of the month. We didnt do great no but we found out 2018 hasn't been so hot for alt coins. Could be more promising to start round 2 immediately lol. Thanks again!
August 04, 2018, 06:47:56 AM
Yesterday, many alts on CoinMarketCap went up 900%. For a short moment I was very hopeful for this experiment, but it was just a glitch in the website.
In the past month, Bitcoin's market dominance went up again, eating altcoins:
Measured in dollars, we're at a 12.2% loss. Measured in Bitcoin, the loss is 4 times larger.
It doesn't feel right to sell it now, but I want to stick to the plan you all agreed to 10 months ago. So there it goes:
Results
August 4, 2018. Results ↑↓ after 10 months, sell all date:
In hindsight, we should have started in Month 1 and ended in Month 3. But that's in hindsight. It was a roller coaster, and I'm really sorry I didn't get you guys a profit. That doesn't stop people from joining round 2 though, so I assume the "consider it play money"-warning was well understood.
Bittrex scared me after confirming my withdrawal: it went from "Authorized" to "Invalid". That's a weird way of telling me they don't accept Bech32 addresses. After this, it worked with a legacy address.
Bittrex takes 0.0005BTC fee, I can further distribute the funds with 1 sat/byte. That leaves 0.00509935BTC per person. Paid back with txid 6d0e1a76b48c1558f376bf5dff996ea6376c525378a14067955498a6672f4ebd.
Thank you all for joining! It was fun to host this experiment, even though the end result is far from what I hoped it would be.
Archived just in case it's needed later.
I still have 0.04228 GBB (GigaBlackbytes) from the last (and only) Byteball airdrop (the current value $0.11). I can't really figure out how to sell it, and $0.11 isn't worth the effort anyway. If anyone wants to have it, post that here so we can pair wallets, and I'll send it.
In the past month, Bitcoin's market dominance went up again, eating altcoins:
(source)
Bitcoin's dominance is now only slighly higher than it was when this experiment started, but new altcoins continuously dilute the share of existing altcoins.Measured in dollars, we're at a 12.2% loss. Measured in Bitcoin, the loss is 4 times larger.
It doesn't feel right to sell it now, but I want to stick to the plan you all agreed to 10 months ago. So there it goes:
Results
August 4, 2018. Results ↑↓ after 10 months, sell all date:
| | | | | Altcoin | | | Start | | | Month 1 | | | Month 2 | | | Month 3 | | | Month 4 | | | Month 5 | | | Month 6 | | | Month 7 | | | Month 8 | | | Month 9 | | | End | | | |
| | | 1. | | | 0.22031 GBYTE | | | 0.01BTC | | | 0.00562569BTC↓ | | | 0.00544395BTC↓ | | | 0.01156026BTC↑ | | | 0.01533852BTC↑ | | | 0.00849585BTC↓ | | | 0.00567298BTC↓ | | | 0.00611015BTC↑ | | | 0.00464460BTC↓ | | | 0.00423090BTC↓ | | | 0.00287886BTC↓ | | |
| | | 2. | | | 210.53186999 XRP | | | 0.01BTC | | | 0.00596016BTC↓ | | | 0.00455801BTC↓ | | | 0.04506645BTC↑ | | | 0.02157952BTC↓ | | | 0.01688676BTC↓ | | | 0.01512882BTC↓ | | | 0.01984263BTC↑ | | | 0.01834785BTC↓ | | | 0.01560673BTC↓ | | | 0.01238192BTC↓ | | |
| | | 3. | | | 0.14729866 ETH | | | 0.01BTC | | | 0.00612011BTC↓ | | | 0.00599948BTC↓ | | | 0.00929455BTC↑ | | | 0.01510767BTC↑ | | | 0.01113578BTC↓ | | | 0.00813656BTC↓ | | | 0.01213162BTC↑ | | | 0.01173970BTC↓ | | | 0.01051602BTC↓ | | | 0.00821940BTC↓ | | |
| | | 4. | | | 34.51676529 PPC | | | 0.01BTC | | | 0.00586785BTC↓ | | | 0.01044822BTC↑ | | | 0.01254132BTC↑ | | | 0.01409665BTC↑ | | | 0.00936820BTC↓ | | | 0.00769724BTC↓ | | | 0.01001573BTC↑ | | | 0.00904305BTC↓ | | | 0.00786603BTC↓ | | | 0.00482563BTC↓ | | |
| | | 5. | | | 8.58611584 WAVES | | | 0.01BTC | | | 0.00429168BTC↓ | | | 0.00479646BTC↑ | | | 0.00711789BTC↑ | | | 0.00620364BTC↓ | | | 0.00515098BTC↓ | | | 0.00450788BTC↓ | | | 0.00678303BTC↑ | | | 0.00470450BTC↓ | | | 0.00394927BTC↓ | | | 0.00214116BTC↓ | | |
| | | 6. | | | 1.24696229 NEO | | | 0.01BTC | | | 0.00463140BTC↓ | | | 0.00435177BTC↓ | | | 0.00853594BTC↑ | | | 0.01650533BTC↑ | | | 0.01344230BTC↓ | | | 0.00860005BTC↓ | | | 0.01100262BTC↑ | | | 0.00894372BTC↓ | | | 0.00758532BTC↓ | | | 0.00468121BTC↓ | | |
| | | 7. | | | 118.6934793 CVC | | | 0.01BTC | | | 0.00563538BTC↓ | | | 0.00369493BTC↓ | | | 0.01046046BTC↑ | | | 0.00593467BTC↓ | | | 0.00370442BTC↓ | | | 0.00355606BTC↓ | | | 0.00568186BTC↑ | | | 0.00494952BTC↓ | | | 0.00351095BTC↓ | | | 0.00257750BTC↓ | | |
| | | 8. | | | 81.32235448 WINGS | | | 0.01BTC | | | 0.00432960BTC↓ | | | 0.00441092BTC↑ | | | 0.00705390BTC↑ | | | 0.00706366BTC↑ | | | 0.00555594BTC↓ | | | 0.00436620BTC↓ | | | 0.00545022BTC↑ | | | 0.00422876BTC↓ | | | 0.00277553BTC↓ | | | 0.00186331BTC↓ | | |
| | | 9. | | | 0.47118564 XMR | | | 0.01BTC | | | 0.00563538BTC↓ | | | 0.00817938BTC↑ | | | 0.01185927BTC↑ | | | 0.01281627BTC↑ | | | 0.01441663BTC↑ | | | 0.01174077BTC↓ | | | 0.01197283BTC↑ | | | 0.01026589BTC↓ | | | 0.01004281BTC↓ | | | 0.00749192BTC↓ | | |
| | | 10. | | | 243.13910553 ARDR | | | 0.01BTC | | | 0.00682978BTC↓ | | | 0.01142997BTC↑ | | | 0.02853967BTC↑ | | | 0.01385650BTC↓ | | | 0.00857065BTC↓ | | | 0.00996627BTC↑ | | | 0.01074675BTC↑ | | | 0.00797496BTC↓ | | | 0.00594232BTC↓ | | | 0.00443832BTC↓ | | |
| | | | | Total in Bitcoin | | | 0.10BTC | | | 0.05492703BTC↓ | | | 0.06331309BTC↑ | | | 0.15202971BTC↑ | | | 0.12850243BTC↓ | | | 0.09672751BTC↓ | | | 0.07937283BTC↓ | | | 0.09973744BTC↑ | | | 0.08484255BTC↓ | | | 0.07202588BTC↓ | | | 0.05149923BTC↓ | | | |
| | | | | Total in dollar | | | $433.60 | | | $396.66↓ | | | $714.94↑ | | | $2,203.95↑ | | | $1,157.57↓ | | | $1088.10↓ | | | $544,44↓ | | | $968.33↑ | | | $644,17↓ | | | $470.61↓ | | | $380.62↓ | | |
In hindsight, we should have started in Month 1 and ended in Month 3. But that's in hindsight. It was a roller coaster, and I'm really sorry I didn't get you guys a profit. That doesn't stop people from joining round 2 though, so I assume the "consider it play money"-warning was well understood.
Bittrex scared me after confirming my withdrawal: it went from "Authorized" to "Invalid". That's a weird way of telling me they don't accept Bech32 addresses. After this, it worked with a legacy address.
Bittrex takes 0.0005BTC fee, I can further distribute the funds with 1 sat/byte. That leaves 0.00509935BTC per person. Paid back with txid 6d0e1a76b48c1558f376bf5dff996ea6376c525378a14067955498a6672f4ebd.
Thank you all for joining! It was fun to host this experiment, even though the end result is far from what I hoped it would be.
Archived just in case it's needed later.
I still have 0.04228 GBB (GigaBlackbytes) from the last (and only) Byteball airdrop (the current value $0.11). I can't really figure out how to sell it, and $0.11 isn't worth the effort anyway. If anyone wants to have it, post that here so we can pair wallets, and I'll send it.
July 30, 2018, 07:57:09 AM
July 18, 2018, 07:13:03 AM
Pretty common theme of lagging behind Bitcoin's performance, but making USD.
The first half of last year was the opposite: anybody who created a shitcoin got rich!Quote
While some have labeled such events as scams in the past, I think it displays the potential pitfalls of spending your BTC on an investment well.
It's more or less a gamble, and all the more reason to limit the amounts "invested". All it takes is just one altcoin that hits 10x to 100x, and this experiment is in profit no matter what the rest does. Stellar Lumens for instance went from 281 sat on October 4, to 3911 sat now. That's 13.9 times more.It's increases like this that keep me (and probably most people) going on altcoins.
Quote
I hope everyone involved had a positive experience and enjoy their newly acquired USD profits.
That's the spirit 
Bitcoin's market dominance dropped from 49.13% on October 4 last year to 43.04% now. But even though altcoins are gaining market share, the total number of altcoins keeps going up, reducing their individual market shares.
New thread:
LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ROUND 2
July 17, 2018, 01:37:19 PM
Pretty common theme of lagging behind Bitcoin's performance, but making USD. While some have labeled such events as scams in the past, I think it displays the potential pitfalls of spending your BTC on an investment well. I hope everyone involved had a positive experience and enjoy their newly acquired USD profits.
July 17, 2018, 12:08:53 PM
The "waiting list" was just people to be notified
I haven't done that yet. I'm behind on my updates.Any spots left for the next round??
If any, count me in
I see you found my new thread already. I'll send a message to the remainder of my waiting list now. If any, count me in
July 17, 2018, 11:25:08 AM
The waiting list is not official, just hop in the new thread and stake your claim. The "waiting list" was just people to be notified, I'm 99% sure that entering in round 2 is first come first serve. I wasn't on the waiting list and got in by simply posting in the new thread.
Join in here : https://bitcointalksearch.org/topic/loycevs-legendary-10-month-10-person-10-altcoin-investment-roller-coaster-2-4597341
Join in here : https://bitcointalksearch.org/topic/loycevs-legendary-10-month-10-person-10-altcoin-investment-roller-coaster-2-4597341
July 04, 2018, 04:06:21 AM
Any spots left for the next round??
If any, count me in
Edited.
If I counted correctly you already have 15 on your waiting list.. *sigh*
If any, count me in
Edited.
If I counted correctly you already have 15 on your waiting list.. *sigh*
July 04, 2018, 03:50:24 AM
If you do run round 2 I'd be interested in a spot.
Just notify me when it comes up. I've definitely wasted .01 on worse investments.
Added to my waiting list.Just notify me when it comes up. I've definitely wasted .01 on worse investments.
I want a spot in if possible please
Added to my waiting list.Quote
also if I may suggest, you can just add a limit in profits when reached the whole round should be ended and start new one . For example if capital reached X5 the initial amound then all coins should be liquidated distribute profit among participants and start new round .
I won't do that, the spirit of this experiment is more or less "all or nothing". And I don't want to do daily checks on the price of all coins.Just like last month, crypto in general is down again. Measured in Bitcoin, we're at a loss. Measured in dollars, we still have a (very small) profit.
July 4, 2018. Results ↑↓ after 9 months, with 1 month to go:
| | | | | Altcoin | | | Start | | | Month 1 | | | Month 2 | | | Month 3 | | | Month 4 | | | Month 5 | | | Month 6 | | | Month 7 | | | Month 8 | | | Month 9 | | | End | | | |
| | | 1. | | | 0.22031 GBYTE | | | 0.01BTC | | | 0.00562569BTC↓ | | | 0.00544395BTC↓ | | | 0.01156026BTC↑ | | | 0.01533852BTC↑ | | | 0.00849585BTC↓ | | | 0.00567298BTC↓ | | | 0.00611015BTC↑ | | | 0.00464460BTC↓ | | | 0.00423090BTC↓ | | | **10** | | |
| | | 2. | | | 210.53186999 XRP | | | 0.01BTC | | | 0.00596016BTC↓ | | | 0.00455801BTC↓ | | | 0.04506645BTC↑ | | | 0.02157952BTC↓ | | | 0.01688676BTC↓ | | | 0.01512882BTC↓ | | | 0.01984263BTC↑ | | | 0.01834785BTC↓ | | | 0.01560673BTC↓ | | | **10** | | |
| | | 3. | | | 0.14729866 ETH | | | 0.01BTC | | | 0.00612011BTC↓ | | | 0.00599948BTC↓ | | | 0.00929455BTC↑ | | | 0.01510767BTC↑ | | | 0.01113578BTC↓ | | | 0.00813656BTC↓ | | | 0.01213162BTC↑ | | | 0.01173970BTC↓ | | | 0.01051602BTC↓ | | | **10** | | |
| | | 4. | | | 34.51676529 PPC | | | 0.01BTC | | | 0.00586785BTC↓ | | | 0.01044822BTC↑ | | | 0.01254132BTC↑ | | | 0.01409665BTC↑ | | | 0.00936820BTC↓ | | | 0.00769724BTC↓ | | | 0.01001573BTC↑ | | | 0.00904305BTC↓ | | | 0.00786603BTC↓ | | | **10** | | |
| | | 5. | | | 8.58611584 WAVES | | | 0.01BTC | | | 0.00429168BTC↓ | | | 0.00479646BTC↑ | | | 0.00711789BTC↑ | | | 0.00620364BTC↓ | | | 0.00515098BTC↓ | | | 0.00450788BTC↓ | | | 0.00678303BTC↑ | | | 0.00470450BTC↓ | | | 0.00394927BTC↓ | | | **10** | | |
| | | 6. | | | 1.24696229 NEO | | | 0.01BTC | | | 0.00463140BTC↓ | | | 0.00435177BTC↓ | | | 0.00853594BTC↑ | | | 0.01650533BTC↑ | | | 0.01344230BTC↓ | | | 0.00860005BTC↓ | | | 0.01100262BTC↑ | | | 0.00894372BTC↓ | | | 0.00758532BTC↓ | | | **10** | | |
| | | 7. | | | 118.6934793 CVC | | | 0.01BTC | | | 0.00563538BTC↓ | | | 0.00369493BTC↓ | | | 0.01046046BTC↑ | | | 0.00593467BTC↓ | | | 0.00370442BTC↓ | | | 0.00355606BTC↓ | | | 0.00568186BTC↑ | | | 0.00494952BTC↓ | | | 0.00351095BTC↓ | | | **10** | | |
| | | 8. | | | 81.32235448 WINGS | | | 0.01BTC | | | 0.00432960BTC↓ | | | 0.00441092BTC↑ | | | 0.00705390BTC↑ | | | 0.00706366BTC↑ | | | 0.00555594BTC↓ | | | 0.00436620BTC↓ | | | 0.00545022BTC↑ | | | 0.00422876BTC↓ | | | 0.00277553BTC↓ | | | **10** | | |
| | | 9. | | | 0.47118564 XMR | | | 0.01BTC | | | 0.00563538BTC↓ | | | 0.00817938BTC↑ | | | 0.01185927BTC↑ | | | 0.01281627BTC↑ | | | 0.01441663BTC↑ | | | 0.01174077BTC↓ | | | 0.01197283BTC↑ | | | 0.01026589BTC↓ | | | 0.01004281BTC↓ | | | **10** | | |
| | | 10. | | | 243.13910553 ARDR | | | 0.01BTC | | | 0.00682978BTC↓ | | | 0.01142997BTC↑ | | | 0.02853967BTC↑ | | | 0.01385650BTC↓ | | | 0.00857065BTC↓ | | | 0.00996627BTC↑ | | | 0.01074675BTC↑ | | | 0.00797496BTC↓ | | | 0.00594232BTC↓ | | | **10** | | |
| | | | | Total in Bitcoin | | | 0.10BTC | | | 0.05492703BTC↓ | | | 0.06331309BTC↑ | | | 0.15202971BTC↑ | | | 0.12850243BTC↓ | | | 0.09672751BTC↓ | | | 0.07937283BTC↓ | | | 0.09973744BTC↑ | | | 0.08484255BTC↓ | | | 0.07202588BTC↓ | | | **10** | | | |
| | | | | Total in dollar | | | $433.60 | | | $396.66↓ | | | $714.94↑ | | | $2,203.95↑ | | | $1,157.57↓ | | | $1088.10↓ | | | $544,44↓ | | | $968.33↑ | | | $644,17↓ | | | $470.61↓ | | | **10** | | |
Archived just in case it's needed later.
0.04228 GBB (GigaBlackbytes) from the last (and only) Byteball airdrop is not included in the table yet (the current value $0.21).
I only now noticed I've been counting the wrong month since April, calling it March (I forgot to change my copy/paste here), and then continued to use the wrong month up to last month. I've fixed this by editing those posts.
I still haven't completed version 2.0 of this thread. Sorry for the delay, I'll update here when it's available.
June 22, 2018, 01:53:33 AM
If you do run round 2 I'd be interested in a spot.
Just notify me when it comes up. I've definitely wasted .01 on worse investments.
Just notify me when it comes up. I've definitely wasted .01 on worse investments.
June 22, 2018, 01:04:20 AM
Lots of suggestions already in mind for Round 2, esp at perhaps an additional condition to lockin potential profits, but let's put that up when new thread opens.
I want a spot in if possible please, also if I may suggest, you can just add a limit in profits when reached the whole round should be ended and start new one . For example if capital reached X5 the initial amound then all coins should be liquidated distribute profit among participants and start new round .
June 07, 2018, 06:07:48 AM
One month to go
Make that two months to go.Quote
Lots of suggestions already in mind for Round 2, esp at perhaps an additional condition to lockin potential profits, but let's put that up when new thread opens.
I'm still working on the new thread. Taking profit when coins are up will be more work, as I don't want to keep funds on an exchange anymore.Ah sorry, misread the quoted May 4 date. I was thinking of simply reserving say 50% of the coins on an order at about 100% of the price bought and forgetting it for the entire duration. It is an extra step but would possibly take advantage of spikes in altseason, not uncommon as has happened at least twice to some of my "for fun alts". But yeah, leaving funds on the exchange is always an unacceptable risk if you're looking at the same 10-month period. I wouldn't go after you if anything happened to the wallet/exchange, though I suspect others might not be as nonchalant. Still looking forward to joining all the same.
June 07, 2018, 04:43:29 AM
One month to go
Make that two months to go.Quote
Lots of suggestions already in mind for Round 2, esp at perhaps an additional condition to lockin potential profits, but let's put that up when new thread opens.
I'm still working on the new thread. Taking profit when coins are up will be more work, as I don't want to keep funds on an exchange anymore. Jump to: