I won't link the article but you can google it (published by investinblockchain.com). Just a bit of fun - lets say we invested $10,000 into each of the 12 coins recommended in this article to see how "expert" the recommendations really were, and compare it to a $120,000 investment in bitcoin on the same date.My prices below are comparing August 18, 2018 from yesterday's prices (some have already fallen a lot more). Let's have a look at these gems!1) Request Network: -49%2) Oyster Pearl: -100% (I think the coin is completely dead)3) Kucoin Shares: +25%4) Maker: +75%5) Lux: -71%6) Espers: -34%7) Ren: +150% (hats off to this one, credit where credit is due)8) Original Trail: -55%9) Loom: -18.6%10) Neo: -6.2%11) TheKey: -50%12) Walton Chain: -43%All in, based on my calculations your total of $120,000 would have been reduced to $99,860. Now, had you invested in bitcoin over the same period you would have a very nice $201,000 - plus no hassles with dodgy exchanges, low liquidity, wallet hacks etc.The purpose of this post is to remind us to be very wary of all the "experts pick their top x coins for huge returns", the bad moonshots will often wipe out your gains from the good moonshots, and that even the best "expert" will struggle, on average, to predict returns in a highly unpredictable market.
Submitted June 24, 2019 at 12:58PM
No comments:
Post a Comment