This is the Top 10 on 16.12.2017 with their corresponding prices: Now let's look at their prices around 1 year later when BTC hit its low after the 2017 bullrun on 14.12.2018: Yes, everything lost a lot a value. Some much more than others but let's go on and see how they performed on 13.04.2021 when BTC set the first all time high in 2021 (I took the BTC peak of this first run in 2021). Now how did the coins perform if you compare their price on BTCs lowest point on 14.12.2028 to their price on 13.04.2021 when BTC hit it's first ATH in 2021. Profit if you bought on BTCs low in 2017 and sold on the first BTC all time high in 2021 Now of course it's unrealistic to 1) buy on the absolute low and 2) sell on the absolute high. But if you for example would have used a DCA strategy and invested monthly starting on ATH in 2017 you would still have a positive investment on all of the coins as all of them were down a lot for nearly the whole period between ATH 2017 and ATH 2021. As a last step we will look into the second and recent all time high of BTC on 08.11.2021: Following the profits you would have had if you invested in 2018 on BTC all time low and got out on the last all time high of BTC in 2021. Profit if you bought on BTCs low in 2017 and sold on the most recent BTC all time high in 2021 Conclusion: 1) If you invested on the all time high of BTC in 2017 you would not be up on many of the coins even if you sold right at the next ATH of BTC (even if you sold at the ATH of the specific coin, many did never reach their old ATH ever again). 2) It's impossible to invest on the lowest point (same goes for selling at ath) and for some of them you would definitely not have a positive investment if you did choose a "wrong" low. Just like choosing the wrong dip on the: the dip of the dip of the dip meme. 3) For ALL out of the top 10 you would be in profit if you chose a DCA strategy after 2017. The closer you would have started to the lowest point on 12.2018 the more profits you would have of course. Also depending on the coin there were more ups and downs or less etc. Seeing this made me a lot less scared to keep some of my alts and following my DCA strategy which includes other coins besides BTC and ETH. [link] [comments] |
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