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I remember this! They were singing songs of diversification of cryptoassets, how it was important to spread risk!
This has to be from about August-September 2017; the "Metal" and "IOTA" entries date it. Listing IOTA under Metal, because IOTA had its ATH in December 2017.
Based on the date of August 1st 2017, i calculated:
What i think this shows is that buying anything but Bitcoin is going to be a losing strategy to just buying the Bitcoin. I think its an interesting snapshot because these results show XRP doing well, but today is possibly an outlier due to certain public announcements.
This is not an endorsement or recommendation to touch shitcoins. It is to be illustrative that while one might profit in fiat terms, you will not profit in Bitcoin terms. From this portfolio it should be clear optimum strategy would have been to just buy Bitcoin.
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Barf, but I get the political and monetary motives. Etherium classic, lol so trashy
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12 sats \ 0 replies \ @k00b 2 Mar
This is exactly the allocation a noob coming from a vangard index fund would make.
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😂haven’t heard some of these names in a while:)
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28 sats \ 0 replies \ @nichro 2 Mar
IOTA lmao what a flashback
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0 sats \ 0 replies \ @OT 20h
Lol
Is that real?
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