What happens when you invest $100 into 10 different altcoins ($1,000) and don't touch it for 365 days?
Firstly, I'd like to thank @furion for his recent post discussing crypto analysis and backtesting. His post got me thinking about this. However instead of backtesting, let's "future" test.
Getting Started:
There are +700 different cryptocurrencies and new ones being added everyday. Since the goal of this challenge is maximum portfolio growth, most of the coins chosen have a low dollar value as they will have the greatest potential for greater percentage growth. Also intermixed within the coins are many which I believe have high intrinsic long-term value.
Sure Bitcoin and Ethereum are excellent choices and most certainly will grow well over the next 365 days - but for maximum growth I'll be focusing on the low dollar value coins which have the highest percentage of growth.
Portfolio:
Using Cryptocompare I have created a portfolio that we can track for the next 365 days.
Setup:
- $1000 investment value
- 10 AltCoins (@$100 each)
- Can't change portfolio for 365 days
Here is what my portfolio looks like:
Disclaimer
This is not investing advice. These are my personal altcoin choices based on these rules. I'm curious as I am sure many of you are as well...What happens if you invest $1000 in crypto and leave it for a year?
Check back in 365 days...
No, but seriously - I'll be providing occasional updates throughout the year. If others are interested, please feel free to join in. I'd love to hear your thoughts and choices.
Am I missing some of your top picks? What would you choose?