{"id":403617,"date":"2019-11-07T19:00:32","date_gmt":"2019-11-07T19:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=403617"},"modified":"2019-11-07T16:58:12","modified_gmt":"2019-11-07T16:58:12","slug":"nearly-two-years-later-a-retail-crypto-fund-experiment-is-down-81","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/nearly-two-years-later-a-retail-crypto-fund-experiment-is-down-81\/","title":{"rendered":"Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81%"},"content":{"rendered":"

Back at the tail end of the crypto hype bubble in 2017, it wasn\u2019t uncommon to find posts throughout the cryptocurrency community that demonstrated what a small investment made in Bitcoin<\/a> at the beginning of the year would have brought savvy investors for riches.<\/span><\/p>\n

Just as the bubble began to pop, a Reddit user attempted to replicate such comparisons in a new year and sought to track the performance of a $1,000 investment spread evenly across the top ten cryptocurrencies at the time. The end result even nearly two years later, has been a loss of 81% on the entire investment.<\/span><\/p>\n

Down 81%: Crypto Bubble Pop Turns $1,000 Investment Into $192<\/h2>\n

At the start of 2017, Bitcoin<\/a> hadn\u2019t even broken above $1,000, yet it ended the year reaching a price 20 times that. Many other crypto assets followed a similar trajectory, making many braggart investors wealthy that year.<\/span><\/p>\n

The discussion of wealth generated through even tiny investments in the asset class<\/a> spread throughout discussion forums around the web, and subreddits focusing on cryptocurrencies suddenly dominated the list of top threads on the popular social content aggregating website Reddit.<\/span><\/p>\n

Related Reading | Reddit User Wins Lottery, Buys Bitcoin: Here\u2019s What He Could Earn\u00a0<\/a><\/strong><\/em><\/p>\n

There, on Reddit<\/a>, one user who saw many threads during the previous year track their road to riches publicly, decided to create a new thread where he would track the progress of a $1,000 investment made at the start of January 2018, across the top ten cryptocurrencies by market cap at that time.<\/span><\/p>\n

The crypto fund experiment \u2013 nearly two full years later, is still down 81% from the initial investment. Sadly, the results of the retail crypto fund are the norm for most investors who bought in just as the bubble was popping.<\/span><\/p>\n

Bitcoin Saves Portfolio From Added Losses, Nearly Half of Assets Fell Out of Top Ten<\/h2>\n

Even the actual list of cryptocurrencies invested in demonstrates just how much the emerging crypto market has changed dramatically in just two short years of bear market.<\/span><\/p>\n

The investor behind the fund notes that a total of 40% of the list of top ten cryptocurrencies are no longer in the top ten, with NEM, Dash, IOTA, and Cardano all falling out of favor for the likes of EOS, Binance Coin, Bitcoin SV, and stablecoin Tether.<\/span><\/p>\n

Tether<\/a>\u2019s appearance in the top ten alone is a strong indicator of just how bearish the market turned after the bubble popped, as it\u2019s commonly used as a flight to stability when crypto prices are expected to crash.<\/span><\/p>\n

\u201cAt no point in this experiment has this investment strategy been successful, explained the Redditor, adding that the \u201cinitial 2018 Top Ten have under-performed each of the twenty-two months compared to the market overall.\u201d<\/span><\/p>\n

Related Reading | Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose\u00a0<\/a><\/strong><\/em><\/p>\n

The full $1,000 investment is now worth just $192. Four performers on the list are down over 90% even today, and the entire investment would be even worse off it if weren\u2019t for Bitcoin, which the investor remarks is \u201cstill miles ahead of the pack.\u201d<\/span><\/p>\n

The sad state of this crypto fund experiment is a sore reminder for crypto investors to never invest more than they can comfortably afford to lose.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Back at the tail end of the crypto hype bubble in 2017, it wasn\u2019t uncommon to find posts throughout the cryptocurrency community that demonstrated what a small investment made in Bitcoin at the beginning of the year would have brought savvy investors for riches. Just as the bubble began to pop, a Reddit user attempted to replicate such comparisons in a new year and sought to track the performance of a $1,000 investment spread evenly across the top ten cryptocurrencies at the time. The end result even nearly two years later, has been a loss of 81% on the entire investment. Down 81%: Crypto Bubble Pop Turns $1,000 Investment Into $192 At the start of 2017, Bitcoin hadn\u2019t even broken above $1,000, yet it ended the year reaching a price 20 times that. Many other crypto assets followed a similar trajectory, making many braggart investors wealthy that year. The discussion of wealth generated through even tiny investments in the asset class spread throughout discussion forums around the web, and subreddits focusing on cryptocurrencies suddenly dominated the list of top threads on the popular social content aggregating website Reddit. Related Reading | Reddit User Wins Lottery, Buys Bitcoin: Here\u2019s What He Could Earn\u00a0 There, on Reddit, one user who saw many threads during the previous year track their road to riches publicly, decided to create a new thread where he would track the progress of a $1,000 investment made at the start of January 2018, across the top ten cryptocurrencies by market cap at that time. The crypto fund experiment \u2013 nearly two full years later, is still down 81% from the initial investment. Sadly, the results of the retail crypto fund are the norm for most investors who bought in just as the bubble was popping. Bitcoin Saves Portfolio From Added Losses, Nearly Half of Assets Fell Out of Top Ten Even the actual list of cryptocurrencies invested in demonstrates just how much the emerging crypto market has changed dramatically in just two short years of bear market. The investor behind the fund notes that a total of 40% of the list of top ten cryptocurrencies are no longer in the top ten, with NEM, Dash, IOTA, and Cardano all falling out of favor for the likes of EOS, Binance Coin, Bitcoin SV, and stablecoin Tether. Tether\u2019s appearance in the top ten alone is a strong indicator of just how bearish the market turned after the bubble popped, as it\u2019s commonly used as a flight to stability when crypto prices are expected to crash. \u201cAt no point in this experiment has this investment strategy been successful, explained the Redditor, adding that the \u201cinitial 2018 Top Ten have under-performed each of the twenty-two months compared to the market overall.\u201d Related Reading | Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose\u00a0 The full $1,000 investment is now worth just $192. Four performers on the list are down over 90% even today, and the entire investment would be even worse off it if weren\u2019t for Bitcoin, which the investor remarks is \u201cstill miles ahead of the pack.\u201d The sad state of this crypto fund experiment is a sore reminder for crypto investors to never invest more than they can comfortably afford to lose.<\/p>\n","protected":false},"author":517,"featured_media":403618,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,16895,16896,3,16892,13625,16897,16894,16891],"tags":[428,6664,16460,3621,60192],"class_list":["post-403617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-bitcoin-cash","category-cardano","category-news","category-eos","category-ethereum","category-litecoin","category-ripple","category-stellar-xlm","tag-bitcoin","tag-crypto","tag-crypto-fund","tag-reddit","tag-retail-investors"],"acf":[],"yoast_head":"\nNearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81%<\/title>\n<meta name=\"description\" content=\"Back at the tail end of the crypto hype bubble in 2017, it wasn\u2019t uncommon to find posts throughout the cryptocurrency 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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