It’s my time to give back to the PUUUUUB!
Thanks to @jamesbrooks and his $204,279.83 in one year investing in the top 10 Cryptocurrencies! I created a guide to see the difference between investment strategies using 2017 data.
While 2017 was an amazing year for investing in crypto, I was very new to the scene and made plenty of mistakes. This guide shows you the difference between buying into the Top 10 coins and holding or using rebalancing tactics.
Rebalancing is when you take all of your earnings for the time period and divide them up equally to reinvest in the current Top 10 of the next time period.
So for example, if you invested $10k in the Top 10 on January 1st 2017 and wanted to rebalance every month, you would take the all of the investments including profits and divide them by 10 into February’s Top 10.
Note: The results are in $USD and not using the BTC value, so the return could vary. Also note, there may be some fluctuation depending on if you reinvest on bloody Fridays. The dates of value used were from Coin Market Cap historical data.
I hope this helps you in 2018. Remember… ALWAYS have a plan! Something I wish I did in 2017.