Topic: LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ENDED - page 2. (Read 6540 times)

One month to go, doesn't look like things moved much from early May. For what it's worth, it would still be a pleasant surprise to see my PPC return me 90% of value in Bitcoin, if it stays this way in July, and to see dollar gains anyway is a bonus.

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.

Added!

Added!

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Crypto in general is down again. All 10 altcoins went down in the last month, and so did Bitcoin. Most of last month's profit is lost again. Measured in Bitcoin, we're at a loss. Measured in dollars, we're still in profit.

June 4, 2018. Results ↑↓ after 8 months, with 2 months to go:

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Altcoin

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Start

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Month 1

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Month 2

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Month 3

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Month 4

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Month 5

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Month 6

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Month 7

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Month 8

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Month 9

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End

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1.

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0.22031 GBYTE

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0.01BTC

|

0.00562569BTC↓

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0.00544395BTC↓

|

0.01156026BTC↑

|

0.01533852BTC↑

|

0.00849585BTC↓

|

0.00567298BTC↓

|

0.00611015BTC↑

|

0.00464460BTC↓

|

**9**

|

**10**

|

|

2.

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210.53186999 XRP

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0.01BTC

|

0.00596016BTC↓

|

0.00455801BTC↓

|

0.04506645BTC↑

|

0.02157952BTC↓

|

0.01688676BTC↓

|

0.01512882BTC↓

|

0.01984263BTC↑

|

0.01834785BTC↓

|

**9**

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**10**

|

|

3.

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0.14729866 ETH

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0.01BTC

|

0.00612011BTC↓

|

0.00599948BTC↓

|

0.00929455BTC↑

|

0.01510767BTC↑

|

0.01113578BTC↓

|

0.00813656BTC↓

|

0.01213162BTC↑

|

0.01173970BTC↓

|

**9**

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**10**

|

|

4.

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34.51676529 PPC

|

0.01BTC

|

0.00586785BTC↓

|

0.01044822BTC↑

|

0.01254132BTC↑

|

0.01409665BTC↑

|

0.00936820BTC↓

|

0.00769724BTC↓

|

0.01001573BTC↑

|

0.00904305BTC↓

|

**9**

|

**10**

|

|

5.

|

8.58611584 WAVES

|

0.01BTC

|

0.00429168BTC↓

|

0.00479646BTC↑

|

0.00711789BTC↑

|

0.00620364BTC↓

|

0.00515098BTC↓

|

0.00450788BTC↓

|

0.00678303BTC↑

|

0.00470450BTC↓

|

**9**

|

**10**

|

|

6.

|

1.24696229 NEO

|

0.01BTC

|

0.00463140BTC↓

|

0.00435177BTC↓

|

0.00853594BTC↑

|

0.01650533BTC↑

|

0.01344230BTC↓

|

0.00860005BTC↓

|

0.01100262BTC↑

|

0.00894372BTC↓

|

**9**

|

**10**

|

|

7.

|

118.6934793 CVC

|

0.01BTC

|

0.00563538BTC↓

|

0.00369493BTC↓

|

0.01046046BTC↑

|

0.00593467BTC↓

|

0.00370442BTC↓

|

0.00355606BTC↓

|

0.00568186BTC↑

|

0.00494952BTC↓

|

**9**

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**10**

|

|

8.

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81.32235448 WINGS

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0.01BTC

|

0.00432960BTC↓

|

0.00441092BTC↑

|

0.00705390BTC↑

|

0.00706366BTC↑

|

0.00555594BTC↓

|

0.00436620BTC↓

|

0.00545022BTC↑

|

0.00422876BTC↓

|

**9**

|

**10**

|

|

9.

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0.47118564 XMR

|

0.01BTC

|

0.00563538BTC↓

|

0.00817938BTC↑

|

0.01185927BTC↑

|

0.01281627BTC↑

|

0.01441663BTC↑

|

0.01174077BTC↓

|

0.01197283BTC↑

|

0.01026589BTC↓

|

**9**

|

**10**

|

|

10.

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243.13910553 ARDR

|

0.01BTC

|

0.00682978BTC↓

|

0.01142997BTC↑

|

0.02853967BTC↑

|

0.01385650BTC↓

|

0.00857065BTC↓

|

0.00996627BTC↑

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0.01074675BTC↑

|

0.00797496BTC↓

|

**9**

|

**10**

|

|

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Total in Bitcoin

|

0.10BTC

|

0.05492703BTC↓

|

0.06331309BTC↑

|

0.15202971BTC↑

|

0.12850243BTC↓

|

0.09672751BTC↓

|

0.07937283BTC↓

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0.09973744BTC↑

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0.08484255BTC↓

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**9**

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**10**

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Total in dollar

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$433.60

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$396.66↓

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$714.94↑

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$2,203.95↑

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$1,157.57↓

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$1088.10↓

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$544,44↓

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$968.33↑

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$644,17↓

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**9**

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**10**

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---

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 $0.20).

I would also like to join the 2nd round if there's open spots, if not then for the 3rd round

Wow, I had almost forgotten about this! I am in for round 2 if/when that happens. It would be pretty cool if everyone decided as a group to just donate this at the end to a good cause. Tax wise I would rather just give this away than try to explain it lol...

Crypto in general is going up again. All 10 altcoins went up in the last month, and so did Bitcoin. Measured in Bitcoin, we're at less than 1% loss now. Measured in dollars, the value more than doubled.

May 4, 2018. Results ↑↓ after 7 months, with 3 months to go:

---

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Altcoin

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Start

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Month 1

|

Month 2

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Month 3

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Month 4

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Month 5

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Month 6

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Month 7

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Month 8

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Month 9

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End

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1.

|

0.22031 GBYTE

|

0.01BTC

|

0.00562569BTC↓

|

0.00544395BTC↓

|

0.01156026BTC↑

|

0.01533852BTC↑

|

0.00849585BTC↓

|

0.00567298BTC↓

|

0.00611015BTC↑

|

**8**

|

**9**

|

**10**

|

|

2.

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210.53186999 XRP

|

0.01BTC

|

0.00596016BTC↓

|

0.00455801BTC↓

|

0.04506645BTC↑

|

0.02157952BTC↓

|

0.01688676BTC↓

|

0.01512882BTC↓

|

0.01984263BTC↑

|

**8**

|

**9**

|

**10**

|

|

3.

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0.14729866 ETH

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0.01BTC

|

0.00612011BTC↓

|

0.00599948BTC↓

|

0.00929455BTC↑

|

0.01510767BTC↑

|

0.01113578BTC↓

|

0.00813656BTC↓

|

0.01213162BTC↑

|

**8**

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**9**

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**10**

|

|

4.

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34.51676529 PPC

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0.01BTC

|

0.00586785BTC↓

|

0.01044822BTC↑

|

0.01254132BTC↑

|

0.01409665BTC↑

|

0.00936820BTC↓

|

0.00769724BTC↓

|

0.01001573BTC↑

|

**8**

|

**9**

|

**10**

|

|

5.

|

8.58611584 WAVES

|

0.01BTC

|

0.00429168BTC↓

|

0.00479646BTC↑

|

0.00711789BTC↑

|

0.00620364BTC↓

|

0.00515098BTC↓

|

0.00450788BTC↓

|

0.00678303BTC↑

|

**8**

|

**9**

|

**10**

|

|

6.

|

1.24696229 NEO

|

0.01BTC

|

0.00463140BTC↓

|

0.00435177BTC↓

|

0.00853594BTC↑

|

0.01650533BTC↑

|

0.01344230BTC↓

|

0.00860005BTC↓

|

0.01100262BTC↑

|

**8**

|

**9**

|

**10**

|

|

7.

|

118.6934793 CVC

|

0.01BTC

|

0.00563538BTC↓

|

0.00369493BTC↓

|

0.01046046BTC↑

|

0.00593467BTC↓

|

0.00370442BTC↓

|

0.00355606BTC↓

|

0.00568186BTC↑

|

**8**

|

**9**

|

**10**

|

|

8.

|

81.32235448 WINGS

|

0.01BTC

|

0.00432960BTC↓

|

0.00441092BTC↑

|

0.00705390BTC↑

|

0.00706366BTC↑

|

0.00555594BTC↓

|

0.00436620BTC↓

|

0.00545022BTC↑

|

**8**

|

**9**

|

**10**

|

|

9.

|

0.47118564 XMR

|

0.01BTC

|

0.00563538BTC↓

|

0.00817938BTC↑

|

0.01185927BTC↑

|

0.01281627BTC↑

|

0.01441663BTC↑

|

0.01174077BTC↓

|

0.01197283BTC↑

|

**8**

|

**9**

|

**10**

|

|

10.

|

243.13910553 ARDR

|

0.01BTC

|

0.00682978BTC↓

|

0.01142997BTC↑

|

0.02853967BTC↑

|

0.01385650BTC↓

|

0.00857065BTC↓

|

0.00996627BTC↑

|

0.01074675BTC↑

|

**8**

|

**9**

|

**10**

|

|

|

Total in Bitcoin

|

0.10BTC

|

0.05492703BTC↓

|

0.06331309BTC↑

|

0.15202971BTC↑

|

0.12850243BTC↓

|

0.09672751BTC↓

|

0.07937283BTC↓

|

0.09973744BTC↑

|

**8**

|

**9**

|

**10**

|

|

|

Total in dollar

|

$433.60

|

$396.66↓

|

$714.94↑

|

$2,203.95↑

|

$1,157.57↓

|

$1088.10↓

|

$544,44↓

|

$968.33↑

|

**8**

|

**9**

|

**10**

|

---

Archived just in case it's needed later.

0.04228 GBB (GigaBlackbytes) from the last Byteball airdrop is not included in the table yet (the current value $0.30).

---

Added.

Hey Loyce, I'd also like to join your waitlist!

Added to my unofficial waiting list.

I'm not using Google Docs for this, I like to keep everything on the forum.

What exactly would you like to modify weekly?

Could you create an application spreadsheet for the next round, I want to participate in this.

Would be easy if you had a google sheet we could modify weekly, would save a lot of time.

I'd like to participate in the next round as well.

No problem!

Hi there Loyce!

I've been following these monthly reports with great interest and trying to mimic some of the trades you've made.  This month has been a little rough for a lot of people I think.  Would you be able to add me to your waiting list too for the next round.  Thanks in advance!

I'm not sure. When I joined this experiment I thought it would be a fun bet to make, but I realize it is just that - a bet. It has been fun watching these coins so far (coins that I wouldn't have had so much fun watching otherwise!) and there's still a few months to go. Extending the experiment based on "advice" makes it seem like we are doing this strictly for financial gain. To me, at least, this is gambling; and wagering again will not always lead to financial gain. That isn't what I'm here for anyways. I'm here for a fun bet!

I've been on this forum for 3 years, I don't want to plan another 3 years ahead. And I don't want to ask people to trust me with their money for 3 years.

Ok understand your PoV, so in my opinion it is advisable to extend the duration to at least 36 months. 12 months it's too close to a short-term investment

Thanks for the suggestion, but I'm not doing it. Apart from being more work for me, this would also mean we'd miss out on a potential big increase of an altcoin.

Without doing the exact math, take Stellar Lumens (not included in this experiment) as an example. If you would have taken all profit every time it reached 20%, the total value would be much lower than it is now. I'm not trying to time the market, I already know I can't do that. It's kind of an all-or-nothing thing.

I'm not sure what this would solve: a multisig wallet reduces the chance that I can run away with the money, but I'll still need to install the wallets, and adding multisig makes that more complicated, while it adds the risk when up to 10 different parties need to keep their side of the deal after 10 months.

Using an escrow for different altcoins makes it even more complicated. I'd rather just refer to this statement:

In hindsight, we should have started in Month 1, and ended in Month 3. That would have been 177% profit measured in Bitcoin in just 2 months. Oh well, that's all normal in crypto

FTFY

Belated thanks for the April update, Loyce. The silver lining here is that, apart from the dollar appreciation that is, is that even this quarter's battering still leaves us in reasonable profit. Somewhat goes to show that diversification doesn't much affect portfolio since the market seems anchored to Bitcoin's fortunes.

I'd definitely join a second round, just enjoying the experiment. Pleased to see Peercoin is one of the handful to still be in the black. Thankless task to host this, though, and I'd rather you do what's easiest for yourself and leave the participants to either trust you or not.

Edit: my eyes fool me. PPC has lost ground.

Multi Sig wallets could be a way of hoDling the coins without the need to install new wallets.

Similarly a part public key generating a vanity wallet ie 1Loyceabc123etc... would be another way to go - even if the person generating the key is a participant, they can't benefit as only Loyce can install the generated key on his machine (for an alt coin under his control) - said key could be sent to a trusted escrow on the current Recommended bitcointalk escrow services list created by hedgy73 who only has to hold it for the 10/11/12/??? months and then forward it to Loyce on an agreed date 10/11/12/??? months hence.

Similarly, if one or more of the participants has one of the alt coins in the latest round they could provide a part public key, have a vanity wallet generated (which is held by the escrow) and at the end of the round the generated key is sent to them to send the alt coin to Loyce's exchange address (eg Cryptopia) for that alt coin who will then sell up and divvy out the funds.  The loss to the group if that person walks away with the altcoins is they have only received their own share back * - if Loyce doesn't receive their alt coins held then they don't get a cut of the rest of the group. QED.
Loyce would be buying the alt coins on an exchange, so he wouldn't be sending any alt coins to an address unless he was satisfied, the protections were in place ( part pub key and escrow holding part secret key etc)

For practicality sake, only one alt coin can be held by one participant per round.

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Just suggestions, take them or leave them.