Submitted by dpee123 t3_107tqbb in dataisbeautiful
Comments
Agitated-Cow4 t1_j3odpmr wrote
So, i should buy when the lines are really high and sell when they get low?
t3rmi t1_j3qf1re wrote
Buy when they high and sell after 12 months
dpee123 OP t1_j3odm9v wrote
Original article (by me): https://www.statsignificant.com/p/how-random-is-crypto-wealth-a-statistical
Tools: Python-pandas hand-written simulation that selects 300 random cryptoassets per week and back-tests performance 6 and 12 months after investment.
Dataset: From CoinMarketCap.
mrynot t1_j3qncby wrote
Is the code available anywhere?
somedave t1_j3q2pfs wrote
So I buy 10 sets of shit coins, wait a year, then sell all regardless of price? This is what is being simulated here.
jrm19941994 t1_j3qvi73 wrote
Somewhat relevant finance paper:
https://quantpedia.com/estimating-rebalancing-premium-in-cryptocurrencies/
[deleted] t1_j3oktyq wrote
[removed]
[deleted] t1_j3qig0r wrote
[removed]
loud119 t1_j3qodcu wrote
Check out the book a random walk down walll street if you haven’t already. Legendary book on investing
[deleted] t1_j3rrrg2 wrote
[removed]
Luisnazario12 t1_j44fsx9 wrote
We still have a chance, I mean there's a lot of coins (even unrealesed yet) that can make us rich af <3
Diamond_Road t1_j3pdr7f wrote
How could there be a 100% chance of people 2xing? Or 10xing? You realize some people bought at the very top?
constantino675 t1_j3pf769 wrote
this is based on a 12 month holding period. Jan2016 was $400, jan 2017 was 14000...
So apparently almost any random basket of crypto in that period would have gone up 10x, if only because btc went up 35x
eric5014 t1_j3ogso2 wrote
We need a few more lines for break-even, 0.5x and 0.2x.
A comparison with conventional shares would be interesting too.