Experiment Week 4: What if you kept buying terrible performing coins?
I started an experiment a few weeks ago, where I paper-trade the 10 worst performing coins of the top 500, sell after a week and repeat that process to see how it all goes. These are the third week results.
Coin Short | Profit/Loss |
---|---|
BOTX | -$558.61 |
BOND | -$228.71 |
FXS | -$183.11 |
WHALE | -$152.83 |
CHZ | -$120.88 |
SKL | -$118.22 |
BDP | -$50.59 |
CHR | -39.55 |
LYXe | +$145.27 |
UOS | +$313.13 |
Loss this week | $1054.11 |
Profit since start | $798.74 |
Total to spend this week | $10798.74 |
Profit if I had spent the initial 10k on btc | $1694 |
This was a very red week, with the majority of the coins being down. And though my coins already started down, they still followed the bear market. The biggest loser was BOTX giving me 558 loss! Only 2 coins profited for me. Unlike the first two times, this time none left the top 500. Though most did go down some ranks, showing that for the third week in a row, these coins underperformed.
Compared to the week before, BTC value also went down with a loss of over 500. About half the loss that the 10 coin layout gave me. For now, BTC is still ahead.
This was the first week that made me a loss. And it's clearly shown that no bet is a safe bet.
Let's move on the the new 10 biggest losers of the week. From bottom to less-bottom, we're seeing a 47%-28% loss in these 10. Spend per coin = 1079.87
Coin Short | Amount bought |
---|---|
BOTX | 18618 |
KARMA | 64624 |
CENNZ | 10985 |
RGT | 86.11 |
ANC | 227.82 |
BTCST | 32.66 |
SUKU | 1514 |
STAKE | 61.08 |
MFT | 46849 |
PERP | 165.88 |
The first noticable thing is that one of last week's entries has entered once more. BOTX with 47% loss is the top loser of the week. And though we spent less on it, we have bought almost 40% more of them. Will it make up for it next round? We also see some more very low value coins with 3 being under 10 cents. The highest value coin is BTCST at $33.
The rank range of these lies from 170 to 435.
We can only wait and see what returns the next week will bring us!
submitted by /u/Arghmybrain
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