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    Home Unlabelled Crypto Currency Markets In time... you will know what it's like to lose. To believe so desperately that you’re right... yet to fail all the same.

    Crypto Currency Markets In time... you will know what it's like to lose. To believe so desperately that you’re right... yet to fail all the same.

    April 04, 2018

    Crypto Currency Markets In time... you will know what it's like to lose. To believe so desperately that you’re right... yet to fail all the same.

    In time... you will know what it's like to lose. To believe so desperately that you’re right... yet to fail all the same.

    Posted: 04 Apr 2018 04:30 PM PDT

    Indicators of Cryptocurrency — Fibonacci Retracement

    Posted: 04 Apr 2018 08:53 PM PDT

    EXPERIMENT - Top 10 Crypto "Index Fund" 2018 - (Month Three/Q1 Recap - down 63%)

    Posted: 04 Apr 2018 03:22 PM PDT

    Steemit summary here (with screencap of tracker)

     

    tl;dr - from bad to worse

     

    The experiment: Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I'm trying to keep it simple and accessible for beginners, a type of homemade Index Fund* for those looking to get into cryptos but maybe not quite ready to jump in yet. (*without weighting and rebalancing it's not a true Index Fund - but hopefully still helpful as a sort of a proxy for the entire market).

     

    The Rules: Buy $100 of each the Top 10 cryptocurrencies as of January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

     

    Month three (March) update:

    Nothing but red.

    March Winners - None. The top two performers in March lost "only" close to 1/3 of their value. Stellar has dropped the least (-34%) followed by Bitcoin (-38%). Stellar managed to climb up a position in the rankings going from #8 to #7 and IOTA went from #11 to #10. All others either maintained their position or dropped in ranking.

    March Losers - Everyone. Ethereum wins first loser down more than half at -55% followed by Dash and Cardano, both down about -50% for the month.

     

    Overall update/Q1 update - Stellar down the least while Cardano, Ripple, and NEM are getting crushed

    Since the beginning of the year not one of the Top Ten cryptocurrencies is in the green. Stellar, which has easily performed the best, is still down -34%. Interestingly, three of the most established cryptos (BTC, ETH, and LTC) come next - and all are down the same amount for the year (-46%).

    Losers? Cardano (-78%) is leading the race to the bottom followed closely by Ripple and NEM both down about -76%. Dash and NEM have both lost their places in the Top Ten.

     

    Bitcoin dominance:

    Bitcoin dominance continued to climb to new highs for 2018. At the end of March it stood at about 45.5%.

     

    Total Market Cap for the entire cryptocurrency sector:

    The overall crypto market shed about 200B in March (that's a loss of about -43% for the month) and is down over fifty percent (-54% to be exact) from January 1st.

     

    Overall return on investment from January 1st, 2018:

    My $1000 initial investment is now worth about $372, down about -63%.

     

    Implications:

    Stellar's recent run places it squarely in the lead so far in 2018, but being down -34% is a bit of a hollow victory. After Stellar, the Big Three (Bitcoin, Ethereum, Litecoin) continue to perform second "best" - all are down nearly 50% since the beginning of the year.

    Money continues to flee the crypto space. The total market cap shrunk from 464B to 263B in March alone (-43%) and is down -54% from January 1st, 2018.

    Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -54% from January, the Top Ten are down -63% over the same period.

    As I've explained in previous posts, I'm also tracking the S&P 500 as part of my experiment to have a comparison point to other popular investments options. So far the S&P 500 is down -1.2% for the year.

     

    Conclusion:

    To say crypto had a rough first quarter of 2018 would be a massive understatement. While I (and many others) were hoping we reached bottom in February, that clearly has not been the case as another 200B was lost in March. While the stock market is down this year, a -1.2% loss (as measured by the S&P 500) is obviously much more palatable than being down -63% as I am so far in this experiment. Like last month, with perfect hindsight, the initial $1,000 would have been better placed in a high-yield savings account making 1.5% or so in interest.

     

    Many thanks for the moral support I've received for the experiment. A bleak picture so far but there are three more quarters to go - a lot can (and will) happen. I continue to be committed to seeing this process through and reporting along the way. I've been traveling a lot recently, so hope to find time to make my monthly update video sometime this week as well.

     

    Stay tuned for progress reports and wishing you all the best in your crypto adventures!

    submitted by /u/Joe-M-4
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    Joint Ventures Integrates the Bancor Protocol

    Posted: 04 Apr 2018 07:13 AM PDT

    As bad as relying on Coinbase is, it is the only choice for beginners that makes the process simple enough.

    Posted: 04 Apr 2018 03:17 PM PDT

    Atonomi is nominated as one of the competing companies for the "10 Hot IoT Startups to Watch

    Posted: 04 Apr 2018 02:47 PM PDT

    Mark Karpelès, ex-CEO of bankrupt MtGox, is doing an AMA on r/btc

    Posted: 04 Apr 2018 07:02 AM PDT

    Finally a good gambling and esports project. That will actually be legal.

    Posted: 04 Apr 2018 07:14 AM PDT

    Anyone else make a comprehensive spreadsheet of cryptos. Anyone got a good place to get info/reviews to fill the blanks?

    Posted: 04 Apr 2018 09:22 PM PDT

    Free interactive lessons for building crypto trading bots for Binance exchange. Beginners welcome!

    Posted: 04 Apr 2018 08:53 PM PDT

    The Most Loved Indicator In The Cryptocurrency Markets — RSI

    Posted: 04 Apr 2018 01:47 AM PDT

    Bitcoin ponzi scammer who cheated investors with $300 million caught in Bangkok

    Posted: 04 Apr 2018 10:02 AM PDT

    A slightly forgotten project with a lot of activity: LISK

    Posted: 04 Apr 2018 06:39 AM PDT

    Kucoin introduces security updates and identity verification - this is why we need DEX's

    Posted: 04 Apr 2018 07:01 AM PDT

    Just logged into Kucoin and noticed that you now need to set up a safe word and security questions. On doing that, it also asks for identity verification. I'm not sure if it will still allow withdrawals if ID verification isn't completed, but it's concerning that centralised exchanges - which hold millions in funds, can introduce new security measures at a whim. The number of tokens that only traded at specific exchanges (for example many NEP5 tokens at Kucoin) mean that at a moments notice you could effectively be barred from trading specific tokens, or in a more extreme case, potentially have withdrawals for funds already held on the exchange restricted.

    As current DEX's such as Switcheo, IDEX and Kyber mature, hopefully the reliance on centralised exchanges fades.

    submitted by /u/Elmsy007
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    SEC Charges Mayweather-Endorsed ICO With Fraud, Binance May Delist Token

    Posted: 04 Apr 2018 07:54 AM PDT

    ComedyFunny explanation how cryptoeconomics work in general ;D

    Posted: 04 Apr 2018 02:54 AM PDT

    Sharpay`s roadshow

    Posted: 04 Apr 2018 04:13 PM PDT

    When you're looking for Lambos, but all your finding is omens.

    Posted: 04 Apr 2018 07:41 PM PDT

    Does anyone discuss cryptocurrency Facebook Groups?

    Posted: 04 Apr 2018 07:11 PM PDT

    Introducing Backpack, one of PumaPay's Early Adopters | PumaPay Blog

    Posted: 04 Apr 2018 06:33 AM PDT

    Eligma - Blockchain-based Cognitive Commerce Platform - Advancements TV

    Posted: 04 Apr 2018 07:40 AM PDT

    Metal Pay Alpha Test Drive: Onboarding & KYC Process Done Under 2 minutes

    Posted: 04 Apr 2018 03:07 PM PDT

    Audio Whitepaper for NANO

    Posted: 04 Apr 2018 02:57 PM PDT

    What's a Reactive Crypto Market? Binance Log-in Issues A Perfect Case Study

    Posted: 04 Apr 2018 06:19 PM PDT
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