New Cycle Coins vs. BTC/ETH vs. Total Crypto market. October 13th update. [SERIOUS]

Hi all, here is an update on this ongoing research analysis. But first a reminder of how this started:

After analysing the new entrants (after December 2021) into the top 200 rankings, I have put my money where my thesis and research is and have bought a basket of 10 of these coins today (9th September, 2023, 3pm, EST Australia).

I have bought 5 of the top 100 and 5 of the 100-200 ranking so evenly splitting the rankings. As an Aussie, and put in $10 each of these coins, totalling $100 AUD which is about $64 USD right now. But it is always good to have skin in the game and I would probably spend that money at the pub anyway.

I decided to compare my basket to BTC and ETH because even though my crypto portfolio is top heavy in BTC and ETH, I am always being 'advised' to buy BTC and ETH only on this subreddit. So let's see if that is the best strategy after all.

The total crypto market will be a comparison as well to see how this basket goes against that.

Here is the October update:

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https://preview.redd.it/yxuocv6rhytb1.png?1960&format=png&auto=webp&s=ff4c8b08c7ada12f6968e070e6c531368751b7c3

Still only three new cycle coins are in the positive = Toncoin, Kaspa and Merit Circle. What is an important lesson to be learned here is how the entire basket compared to September has dropped 7% highlighted in red in only that short period of time. It shows that it is really tricky to trade these coins in a short time span. The entire basket is down 6.4% down nonetheless from inception ($100 to $93.43), and this also show how important diversification is as well. If I had only bought Astar September 9th I would be a whopping 35% down.

Holding BTC seems to be the wisest bet now. 3% up since inception, although ETH is 5% down. In these sort of market conditions, it still seems holding BTC is the best choice seeing we are in a greyish area between a bear and a bull right now.

The entire crypto market has also risen very slightly too since the basket was created, and it seems most of the action is in BTC and its dominance has risen slightly.

TIme will tell how the basket of new cycle coins will go in comparison for the rest of the year as these months usually perform comparatively against other months in history.

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