5 Years of the “Top 10 Cryptos” Experiment and the Lessons learned

Thought this was pretty interesting – Cointelegraph has some good stuff that gets skipped over in their “Magazine” section

 

5 years of the ‘Top 10 Cryptos’ experiment and the lessons learned

“When Redditor Joe Greene started the Top 10 Cryptos experiment in 2018, he bought $1,000 of Dash, NEM and Iota, among others, only to watch it crash to $150. But five years on, his experiment has paid off big time.

The rules: Buy $100 of each of the top 10 cryptocurrencies on Jan. 1, 2018, 2019, 2020 and 2021. Hold only. No selling. No trading. Report monthly.

Every January since 2018, Greene has reviewed a list of the top 10 cryptocurrencies by market cap from his tropical office in Bali. He puts $100 of his own money into each, tracks the performance every four months or so, and publishes the findings on his website and on Reddit.

When he began, crypto indexes were few and far between, so there wasn’t an easy alternative. Having invested in stocks for years before moving into crypto, Greene predicted that chasing tokens on a hot streak was dangerous — unless done consistently — and this was indeed proven so by his experiment with the Top Ten Crypto Index Funds.”

https://cointelegraph.com/magazine/2022/09/26/5-years-reddits-top-10-cryptos-joe-greene

 

Master Asked on September 26, 2022 in Cryptocurrency.
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