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RE: Dogs of the Dow... for crypto ?
You might be able to do something like this, but it is going to take some work and it is going to be extremely risky. You would essentially have to pick the top Proof of Stake coins and hold them in a wallet on your computer.
You picks would look something like this:
Dash: Return 7.5%
NEO: Return 5.5%
PIVX: Return 4.8%
OK Cash: Return 10%
Nav Coin: Return 5%
Redd Coin: Return 5%
Those are a couple of the higher ones out there. Some of these have thresholds that you have to hit as far as coins owned to start the staking process. But with the market in a bearish cycle, it could be possible to both get these cheap, stake them and see price appreciation all at the same time.
Yeah, sounds reasonable. That link above to the index site is really good as a starting point as well (thanks @phgnomo ), to see what up and coming. I think they update the index monthly as well, so it could be used a modifier to see who is large cap, small cap etc and maybe only go with the large caps. Anything helps to swing the odds in your favour.
TBH I can't wait for the day when mainstream brokers allow you to trade on the crypto indexs, that's when I'll get into it :-)
When the big dogs get in the fight it will certainly be interesting. I am going to make a profound statement and say that this will either have a stabilizing or destabilizing effect on the market. The only place that kind of bridges both worlds is Robinhood.
I'm not sure it'll ever happen to be honest, which is a shame. To the big institutions, crypto is just pocket change. I think entire market capitalisation for all crypto is still less than 1% of a single currency like the USD.
No one is going to spend any time milking $1 million a day off suckers in the crypto markets when they're milking $1 billion a day off them in the Forex market.
Pretty much a catch 22, crypto needs big investment by institutions to grow, but they won't invest because it's too small for them to make profit off of.
You never know, in time...
With there investment, they could be making billions because they could wield unimaginable power on the an already volatile market. The real wild card is how the government is going to handle these institutions working in this platform.
maybe once government regulations come in (bad thing) then people will view it as 'safer' and invest more (good thing). Bit of a catch22, can't have the sugar without the salt.
I agree.