Reddit Analysis: Top 10 Coins For Each Year
Published: 2021-12-03
Status:
Available
|
Analyzed
Published: 2021-12-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
120 out of the top 200 cryptocurrencies by market cap in January 2020 had fallen out of that list by January 2021, indicating significant market churn.
"out of the 200 coins 120 of them are no longer on that list meaning almost all of those ranked in the second half between 101 and 200 have not kept up with the market and have fallen"
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Over 90% of the top 50 cryptocurrencies by market cap in January 2020 maintained their ranking and increased in price by January 2021.
"the top 50 coins have more or less stayed exactly the same with over 90 percent holding their ground and growing in price"
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Out of the top 20 cryptocurrencies by market cap in January 2020, only G999 had completely disappeared by January 2021.
"after one full year only one of them is entirely gone and that would be g999"
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The majority of gains within the top 200 cryptocurrencies from January 2020 to January 2021 were concentrated in Bitcoin and Ethereum.
"the majority of the gains were concentrated in the top two or basically just bitcoin and ethereum"
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Only 5 out of 200 cryptocurrencies analyzed from January 2020 to January 2021 achieved returns over 10,000%, implying a 2.5% chance of picking such a high-performing asset randomly.
"only five have seen a return in excess of ten thousand percent out of 200 different options meaning if you're randomly investing you have a two and a half percent chance of picking the right one"
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The average loss for underperforming cryptocurrencies in the analyzed period (January 2020 - January 2021) was between 90% and 100%.
"the average drop was anywhere from 90 to 100 percent"
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An equal investment across all 200 cryptocurrencies from January 2020 to January 2021 would have yielded an average return of 1200%.
"overall had you bought into each of these 200 cryptocurrencies equally you'd have seen an average return of 1200"
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Only 8 out of the top 30 cryptocurrencies from November 2017 remained in the top 30 by November 2021, despite a significant increase in the total market cap.
"only eight coins have stayed in the top 30 from then until now"
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An investment of $100 into each of the original top 10 cryptocurrencies from January 2018 would have resulted in a total value of $7,522.62 by January 2022, representing a significant gain despite many individual losses.
"in total you would have invested a thousand dollars and today you would have seven thousand five hundred and twenty two dollars and sixty two cents"
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An experiment of investing $100 into the top 10 cryptocurrencies on December 31, 2017, and holding for one year resulted in a significant loss by December 31, 2018.
"instead of buying into the top 10 performers like we had just described he decided to invest a hundred dollars into the top 10 coins beginning on december 31 2017 and then he just let it ride for the entire year"
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A strategy of investing in the top 10 cryptocurrencies at the start of 2019 yielded a 1.74% return by the end of the year, underperforming the S&P 500's 29% gain.
"in 12 months during a time where the s p 500 was up 29 the cryptocurrency portfolio was up 1.74"
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An investment in the top 10 cryptocurrencies in 2020 resulted in an overall return of 139%, with some performing very well despite five assets experiencing losses.
"with the exception of five losing value including ripple which got hit really hard when the sec got their hands on it the ones that did well did really well and that's what led to an overall return of 139 throughout the entire year"
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Investing $100 into each of the top 10 cryptocurrencies on January 1, 2021, resulted in a nearly 5000% total return by the end of the year, with all assets showing positive gains.
"on january 1st 2021 he invested 100 each into the top 10 coins what's amazing is that literally all of them are positive for the year with the total return of nearly 5000"
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An equal investment strategy across the top 10 cryptocurrencies from January 2018 to January 2022 resulted in a 72% gain, recovering from an initial 85% loss in 2018.
"holding them equally the entire time we could see that all of them are now up a significant amount with even the previous 2018 portfolio going from an 85 loss to a 72 game"
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The analyzed cryptocurrency investment strategy from January 2018 to January 2022 yielded an average return of 514%, significantly outperforming the S&P 500's 56% return over the same period.
"this averages of 514 return compared to the s p 500's return of 56 during that same time frame"
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Historically, only 40% of cryptocurrencies listed on exchanges have gained value compared to their initial listing price, with approximately 60% losing value or breaking even.
"only 40 of them have gained value that's it so right off the bat if you blindly buy into everything that comes available expect about sixty percent of them to lose value or break even at the very best"
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For the cryptocurrencies that did gain value among those analyzed since 2013, the average gain was 3048%.
"the average gain across the winners was 3048"
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When outliers are removed, the average cryptocurrency gain drops significantly; excluding the top 1% reduces the average gain to 641%, and excluding the top 5% makes it comparable to S&P 500 returns.
"if you remove the top one percent of cryptocurrencies from that gain your return drops down to 641 percent and if you remove the top five percent your overall return would be similar to investing in the s p 500"
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A reliable investment strategy identified is to consistently buy an equal amount of the top 10 cryptocurrencies each month and hold them without further action.
"based on past performance the most reliable method of investing is simply to buy an equal amount of the top 10 coins every single month and then doing absolutely nothing"
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An equal investment strategy in the top 10 cryptocurrencies, despite involving higher risk with smaller altcoins, has historically produced long-term positive returns exceeding the stock market, provided the investor holds without panic.
"by doing an equal split you are taking on much higher risk as you are investing in relatively smaller cryptos and you are being rewarded for that extra risk you took as you could see a long-term hold regardless of the year you first invested has so far produced a positive return in excess in that of the stock market"
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Consistent weekly investments of $100 in Bitcoin and Ethereum over the past four years would have yielded returns of 548% and 1421% respectively.
"bitcoin and ethereum which throughout the last four years would have given you a 548 and 1421 return respectively"
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