Hello Everyone,
I started an experiment on cryptocurrencies and I will be posting on this thread the updates.
As the title says the experiment consists of buying the top 100 cryptocurrencies by market cap and holding them for 5 years. I spent $1000 and bought $10 of each.
You can see the main article about the experiment from
https://buyandhold100crypto.com/buy-and-hold-100-crypto-for-5-years-the-experiment/The latest article was made yesterday, where after 10 days the gain on the initial investment was doubled
Day 10 Feel free to suggest me anything
Thanks a lot
It will be interesting to see how your experiment pans out, especially considering that an analysis of the market prices of all cryptos over the last 2 years shows that the top 30 had the most stable growth (compared for example to the top 10 and 100). It will also be interesting to see how transaction fees impact your experiment, and perhaps more specifically, which are the ones with the lowest transaction fees.