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Topic: LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ENDED - page 4. (Read 6610 times)

legendary
Activity: 2968
Merit: 3684
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I received a PM asking about my Bittrex-status:
Bittrex has lowered thousands of withdrawal limits to 0BTC, including my account. Many people on Bitcointalk complain about this. I still have 8 months to see how this develops, and still have high hopes of regaining full access, but Bittrex' behaviour is worrying.
I've sent Bittrex an ID-scan and an angry looking selfie (I hate them for that requirement!), and my account is verified again.
These tricks moved them down on my trust-list though. That kinda makes me want to withdraw all altcoins into my own wallets, but it will take a few percent on fees, and it will be a lot of work setting up the right wallets.
Any thoughs on this? I think I'll leave it for now, but if there is going to be a next version of this experiment, I want to set this part up different from the start.

I wouldn't worry about it, Loyce. I have had the same (temporary) issues across several exchanges, but these seem to go away very quickly if you always go for full enhanced verified status (or whatever they're called on whichever platform). I travel a lot and don't always reside in the same place but find that using my permanent address, with a regular bill and a very old verified bank account works.

My trust in any of these exchanges can't be any lower, but since I still use them as well (generally the only place I can buy alts easily)... the devil you got to live with I guess.

I probably won't be too mad if worst-case scenario happened (you lose access to your Bittrex), but maybe just confirm with the others.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I received a PM asking about my Bittrex-status:
Bittrex has lowered thousands of withdrawal limits to 0BTC, including my account. Many people on Bitcointalk complain about this. I still have 8 months to see how this develops, and still have high hopes of regaining full access, but Bittrex' behaviour is worrying.
I've sent Bittrex an ID-scan and an angry looking selfie (I hate them for that requirement!), and my account is verified again.
These tricks moved them down on my trust-list though. That kinda makes me want to withdraw all altcoins into my own wallets, but it will take a few percent on fees, and it will be a lot of work setting up the right wallets.
Any thoughs on this? I think I'll leave it for now, but if there is going to be a next version of this experiment, I want to set this part up different from the start.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Just out of curiosity, are you planning on including the value you would get from Bitcoin hard forks (BCash or BGold), however small it is?
I haven't thought about it yet, but I could add it to the total dollar comparison when this is over.

We might have picked one of the craziest 10 month periods we could to do this experiment!  Tongue
If we would have done this 10 months earlier, it could have gone up ten-fold or more (I didn't do the exact math).
Crazy times indeed!
legendary
Activity: 1386
Merit: 1053
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We sure are getting destroyed against bitcoin here, but I'm not really disappointed - we're all a little more diversified, and I keep an eye on altcoins because of it! Plus we're still making returns relative to USD here.

We might have picked one of the craziest 10 month periods we could to do this experiment!  Tongue
hero member
Activity: 908
Merit: 657
Neat experiment, will be interesting to see how this turns out! Posting so I can find this later.

Just out of curiosity, are you planning on including the value you would get from Bitcoin hard forks (BCash or BGold), however small it is?
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Looks like after two months only two of the altcoins have outpaced BTC, I'll be curious to see how this thread looks in the end of 12 months, I suspect a similar trend will remain.
It's 10 months, not 12.

Quote
Do you have any suspicion why PPC and ARDR were able to succeed where the others failed?
Luck? I don't think there's much logic behind cryptocurrency prices.
Both coins already lost their profit. Alts are getting slaughtered with Bitcoin up more than 30% in just one day, and many alts going down 30%.
hero member
Activity: 840
Merit: 508
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Thanks for keeping it updated. Very interested to see the results of the next few months as we see how BTC performs and how alts react. As 0.1 BTC is now worth around $1000, we’re only $300 below that in alts. I have no doubt that the price will catch up and the alts will continue to gain traction throughout the remaining months.

Two months flew by and I’m glad I was able to join in on this.

Looks like after two months only two of the altcoins have outpaced BTC, I'll be curious to see how this thread looks in the end of 12 months, I suspect a similar trend will remain.

Do you have any suspicion why PPC and ARDR were able to succeed where the others failed?
newbie
Activity: 56
Merit: 0
Thanks for keeping it updated. Very interested to see the results of the next few months as we see how BTC performs and how alts react. As 0.1 BTC is now worth around $1000, we’re only $300 below that in alts. I have no doubt that the price will catch up and the alts will continue to gain traction throughout the remaining months.

Two months flew by and I’m glad I was able to join in on this.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
It's nice to see at least some green arrows this month:

December 4, 2017. Results after 2 months, with 8 months 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|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|2. |210.53186999 XRP|0.01BTC|0.00596016BTC|0.00455801BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|3. |0.14729866 ETH|0.01BTC|0.00612011BTC|0.00599948BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|4. |34.51676529 PPC|0.01BTC|0.00586785BTC|0.01044822BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|5. |8.58611584 WAVES|0.01BTC|0.00429168BTC|0.00479646BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|6. |1.24696229 NEO|0.01BTC|0.00463140BTC|0.00435177BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|7. |118.6934793 CVC|0.01BTC|0.00563538BTC|0.00369493BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|8. |81.32235448 WINGS|0.01BTC|0.00432960BTC|0.00441092BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|9. |0.47118564 XMR|0.01BTC|0.00563538BTC|0.00817938BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|10. |243.13910553 ARDR|0.01BTC|0.00682978BTC|0.01142997BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
||Total in Bitcoin|0.10BTC|0.05492703BTC|0.06331309BTC|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
||Total in dollar|$433.60|$396.66|$714.94|**3**|**4**|**5**|**6**|**7**|**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 value is low).

Two things came up in the past month:

Disclaimer
Although unlikely, several things can fail. Off the top of my head:
Bittrex can delist a certain altcoin if it's no longer worth anything.
I keep the altcoins on Bittrex. Bittrex can disappear. I don't expect it, but it has happened with other exchanges in the past. If this happens, your money is gone, just like my money. That's why I limit this thread to 0.01 BTC per person, consider it play money.
Bittrex has lowered thousands of withdrawal limits to 0BTC, including my account. Many people on Bitcointalk complain about this. I still have 8 months to see how this develops, and still have high hopes of regaining full access, but Bittrex' behaviour is worrying.

Quote
0.01 BTC of an altcoin can drop lower than 0.0005 BTC value, which is too low to sell it on Bittrex.
The minimum trade amount has been dubbled to 0.001BTC per trade.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
November 4, 2017. Results after 1 month, with 9 months to go:

||Altcoin|Start|Month 1|Month 2|Month 3|Month 4|Month 5|Month 6|Month 7|Month 8|Month 9|End|
|1. |0.20028330 GBYTE*|0.01BTC|0.00562569BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|2. |210.53186999 XRP|0.01BTC|0.00596016BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|3. |0.14729866 ETH|0.01BTC|0.00612011BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|4. |34.51676529 PPC|0.01BTC|0.00586785BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|5. |8.58611584 WAVES|0.01BTC|0.00429168BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|6. |1.24696229 NEO|0.01BTC|0.00463140BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|7. |118.6934793 CVC|0.01BTC|0.00563538BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|8. |81.32235448 WINGS|0.01BTC|0.00432960BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|9. |0.47118564 XMR|0.01BTC|0.00563538BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
|10. |243.13910553 ARDR|0.01BTC|0.00682978BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
||Total in Bitcoin|0.10BTC|0.05492703BTC|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|
||Total in dollar|$433.60|$396.66|**2**|**3**|**4**|**5**|**6**|**7**|**8**|**9**|**10**|


Archived just in case it's needed later.

In the table above:
"Start" was October 4.
"Month 1" means the first month ended, AKA November 4.
"End" means August 4, 2018.

The 10% airdrop for Byteball should arrive later today, or tomorrow.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
This is the first time i checked how my picked coin, Ardor was doing and I noticed that it had been in a gradual slump for 3 weeks now (how unfortunate) but the converted price to USD still stays almost the same. Everyone else's coins were performing well but mine? Oh nevermind lol.

Anyways 2 days before the update. I hope something comes good out of all the investments. Just surprised to see that my coin was in a slump yet retains almost the same value when I deposited it into this experiment. Cheesy
The irony is: Ardor is actually the best performing altcoin out of the 10 picked coins at the moment, Waves is the worst.
Measured in dollars it's only down a bit, measured in Bitcoin almost all altcoins got slaughtered.

Now would have been a much better moment to start than last month, but that's "in retrospect". For now: 9 months to go, full update in 2 days.

Never even bothered to check the prices thoroughly, just skimmed a bit and thought that woah, mine looks like it's raped Cheesy  Yeah, dollar wise I still have my money back. Also, that's still 9 months to go. No one knows what could these markets offer along the way.

Expecting to see a nice update on the 4th. Glad I joined this experiment of yours.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
This is the first time i checked how my picked coin, Ardor was doing and I noticed that it had been in a gradual slump for 3 weeks now (how unfortunate) but the converted price to USD still stays almost the same. Everyone else's coins were performing well but mine? Oh nevermind lol.

Anyways 2 days before the update. I hope something comes good out of all the investments. Just surprised to see that my coin was in a slump yet retains almost the same value when I deposited it into this experiment. Cheesy
The irony is: Ardor is actually the best performing altcoin out of the 10 picked coins at the moment, Waves is the worst.
Measured in dollars it's only down a bit, measured in Bitcoin almost all altcoins got slaughtered.

Now would have been a much better moment to start than last month, but that's "in retrospect". For now: 9 months to go, full update in 2 days.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
This is the first time i checked how my picked coin, Ardor was doing and I noticed that it had been in a gradual slump for 3 weeks now (how unfortunate) but the converted price to USD still stays almost the same. Everyone else's coins were performing well but mine? Oh nevermind lol.

Anyways 2 days before the update. I hope something comes good out of all the investments. Just surprised to see that my coin was in a slump yet retains almost the same value when I deposited it into this experiment. Cheesy
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I'll (try to) withdraw (which takes fees) my pick (GBYTE) to join the 20% airdrop, and deposit it back to Bittrex after the last airdrop and/or before the 10 months are over. If any other picked altcoin does a similar airdrop, please notify me.
The next airdrop for Byteball happens on November 4. Current balance: 0.20228330 GBYTE.
I'll only receive the airdrop on Bytes I hold my own wallet, so I've withdrawn them. Bittrex charged 0.002 GBYTE fee to withdraw. New balance: 0.20028330 GBYTE.

It's unsure for how long the airdrop continues, I expect several more months, so I keep the Bytes in my own wallet. Airdrops cause inflation, so it's not just a freebie.

Airdrops also give free Blackbytes. They're (currently) not worth much, but I'll keep'm and try to sell them for GBYTE just before I sell all altcoins.

Addition (November 3, 2017): The GBYTE airdrop is reduced to 10% instead of 20%. I forgot to update this.
newbie
Activity: 18
Merit: 0
Check back in August next year for a possible round 2 Smiley
Thanks. I hope someone starts something similar, or even better, something were we don't choose the coins, but just do a market cap based investment. I'd do an active choice investment as well though.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I'm almost certain I'll forget about this as time goes by, but I think we can all rely on Loyce to update us when the time is up!
I'll keep you guys posted, and if you totally ignore all updates, you'll see the results in your wallet in 10 months.

Great idea. Wish I had joined.
Check back in August next year for a possible round 2 Smiley
newbie
Activity: 18
Merit: 0
Great idea. Wish I had joined.
legendary
Activity: 2968
Merit: 3684
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I'm almost certain I'll forget about this as time goes by, but I think we can all rely on Loyce to update us when the time is up! 10 10 17. That's a great date to have our investment start, even if we'll miss out on 0.1 of Bitcoin gold/gpu/sw2 Wink

Note: it is a pity that we didn't get to buy at today's bargain prices. But 10 months is a long time, can't wait to see the results. Good luck everyone and thanks once more to Loyce for managing this portfolio. Be nice to check back every month for some (pointless?) discussions, though!
newbie
Activity: 56
Merit: 0
Great! Only 10 short months. Thanks for hosting this Loyce
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Hey everyone, I'm really sorry I took so long! I was sick~
Glad you're back!

I had some balance left on Bittrex, so I didn't deposit everything there. It confirmed in 1 minute, fee on me (and lite Tongue). The second confirmation took much longer. Time to buy altcoins!

Small bump in the road: My browser's autofill turned the 0.01 for Waves into 0.01086598. That means I got 0.7434546 Waves too much, I sold them again.
Some orders were filled at different rates, I tried to make up for that in the last buy, but overlooked the 952 satoshi from XMR that I didn't use. I can't buy for that low amount, so I'll neglect the difference. Later addition: I now remember I had some Eth-dust left on Bittrex, that makes up for the 952 sat.
Bittrex takes 0.25% fee on all trades.

Orders


Balances


Updates
I've put 10-10-10 in my agenda for the coming 10 months. I'll try to give an update on the 4th of each month, unless something comes up, in that case I'll update as soon as I'm back online.

Sell all date
August 4, 2018

Thanks for joining, now we wait for it all to go up Cheesy

Archived just in case it's needed later.
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