This post is made in response to https://np.reddit.com/r/CryptoCurrency/comments/rz00vl/if_you_bought_and_hodl_every_top_10_coin_for/
While it is true, that if you had bought at that time, you would have made a fortune, I want to make sure people understand that the strategy usually does not work out with a counter example.
Let's put things in perspective, imagine you invested in and still holding every coin from top 10 exactly 4 years ago until today. The ranking is based on the Historical Snapshot - 08 January 2018 by CMC
| Coin | Price in USD 08 Jan 2018 | Price in USD 08 Jan 2022 | Percentage change |
|---|---|---|---|
| 1. Bitcoin | 15,170.08 | 41,894.82 | + 176 % |
| 2. Etherium | 1,148.53 | 3,169.69 | + 176 % |
| 3. XRP | 2.46 | 0.7579 | - 69 % |
| 4. Bitcoin Cash | 2,421.47 | 382.49 | - 84 % |
| 5. Cardano | 0.899 | 1.22 | + 36 % |
| 6. NEM | 1.65 | 0.1181 | - 93 % |
| 7. Litecoin | 255.76 | 131.90 | - 48 % |
| 8. Stellar | 0.6293 | 0.2595 | - 59 % |
| 9. IOTA | 3.85 | 1.09 | - 72 % |
| 10. TRON | 0.152 | 0.06735 | - 56 % |
Conclusion: If you had put $100 into each of these coin, you would currently be down 10.3% which mean you are currently losing $103 of your initial $1000
The strategy of buying a lot of coins doesn't work despite some lucky coincidence. Your best strategy is doing your own research and put your investment into a few coins that you truly believe in.
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