I own every coin on coinbase and keep them within 10% of each other.

I've been doing this for about 9 weeks and I am pleased with the results.

I am not telling anyone else they should do this, I would just like to discuss my experience doing so.

Basically what I did was convert all of my funds to equal amounts of every coin available on coinbase. At that time it equated to $300 per coin plus a little extra in DAI and algorand. In that time coinbase decided to really rile things up and add 8 coins last week. I'm not going to lie, that messed up my ecosystem I spent 2 months building. It was the last 4 coins in a single day that really messed with my mojo.

But..... I'm still way up. I have all 8 new coins from last week and I think 2 others in the last 2 months and all coins are above $400.

I started this Sept 10th as the entire market was crashing, but I noticed very quickly that even though all my coins were down, they were down a significant percentage less than the actual coin in that time. So even though I was down because the entire market was down, I was down a lot less than if I just held everything.

I've watched the volatility of some of these coins for some time, and theorized that you can make money by capitalizing on how much and how fast they move. I started by testing the waters and only converting $10 of each coin, and after a few weeks decided to go all in after seeing the results.

There is a lot that goes into my logic on this strategy but the basics are, once the coin at the top is over 10% of the coin on the bottom, I convert 3% and feed the bottom coin up. Coinbase charges a 1% conversion fee, which I am fine with since I am trading at plus 10%.

Some coins go absolutely crazy out of nowhere. If that happens, if I end up using the same coin more than twice, I'll begin taking that 3% and converting it to DAI, a stable coin worth a dollar that earns 2% interest. And a lot of times when a coin shoots up like that it comes crashing back down, do I'll use that DAI to scoop that coin back up at a lot cheaper than I sold it. If it doesnt come crashing back down then I'll feed a few more bottom coins with that money

I've posted what I've been doing a few places and for some reason what I am doing seems to genuinely anger people, and I'm not sure why. I'm not telling anyone to do this, I just want to discuss how this is going for me. I also understand how taxes work and am ok with that.

Like I said, my approach is a little complicated so if anyone has any questions I'll stick around for a few hours.