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Not sure what you mean by crypto indexer, you mean people who buy a basket of crypto? Sure, in the short term, they might outperform BTC, over long term 70% wil
by rawtxapp 5y ago
Not sure what you mean by crypto indexer, you mean people who buy a basket of crypto? Sure, in the short term, they might outperform BTC, over long term 70% will die, 90+% won't recover to their ATHs. If you indexed back in 2017 into top 10 coins, only like 3 of them crossed their old prices from 2017, rest are as good as dead.
- wmf 5y agoUsually you'd rebalance periodically.
- thegreatpeter 5y agoSeems like stuff folks say in a bubble. 90% of it will disappear once ethereum fixes this/that.
- brighton36 5y agoWhere did you get these numbers? I assume this is a post-hoc rationalization?
- rawtxapp 5y agoI mean you can pull up the numbers for yourself if you don't believe me, people have also done the math themselves [1][2]. 1: https://preview.redd.it/c21qium7jyr61.png?width=1113&format=png&auto=webp&s=8c01b316aeac5f7e07b13b0dbd4313a8ea916571 https://preview.redd.it/c21qium7jyr61.png?width=1113&format=... 2: https://www.reddit.com/r/CryptoCurrency/comments/mmstrt/i_bought_1k_of_the_top_10_cryptos_on_january_1st/ https://www.reddit.com/r/CryptoCurrency/comments/mmstrt/i_bo...
- brighton36 5y agoThis is useful. Good numbers. Thank-you.