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RE: What's In Store for 2018

in #bitcoin7 years ago

Hey I thought about trying a new approach this year after looking into these crypto index fund platforms and their growth seems crazy compared to just holding coins.

Like Bit20 has been around for a while, but now there seems to be several popping up like the recent ICO Crypto20 which will start trading on HitBTC in a few weeks. There's also Bitwise which is more on the high end side requiring you to meet accredited investor status and a $25,000 initial investment.

One of my favorite services so far is called CoinCube. They offer a wide array of different indexes and allows you to create your own indexes as well. You can set your own weightings for each coin and the rebalancing frequency.

The craziest part of their platform is how much their indexes are worth now compared to the initial investment. Their Top50 Coin Equal Distribution index went from a $1000 initial investment to almost $100 million in only 2 years. In the same timeframe holding Bitcoin would have returned about $55,000.

Anyway what is your opinion on these types of services? Every one of them I have looked at so far has shown to beat Bitcoin over time, no matter if it was equally weighted, market cap weighted, 10 coins, 50 coins, rebalanced constantly or every month. Obviously diversification is a powerful tool but this almost seems too good to be true.