If you bought from each of the top 100 on Coinmarketcap in 2015 you would have made 146% profit in BTC according to the numbers
I favor data driven approaches and this example proves that it was profitable to invest in altcoins from 2015 until now.
This shows that diversification pays off. If I would have put everything into Bitcoin I would still get profit in USD, but if I seek profit in BTC then holding altcoins diversified across 100 different coins is shown to profit over 100% ROI over 2 years and with far less risk than I would have if I weren't diversified. The lesson is spreading risk is proven to work in practice and diversification is a way to achieve that.
Reference
- https://docs.google.com/spreadsheets/d/1TRq-iiamIqqdEfOSUHrUxqEw-NR5V0jV8z4e6QW3_lk/edit
- https://www.reddit.com/r/ethtrader/comments/660exn/what_if_you_had_bought_all_the_coins_from/
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- [x] BitConnect: https://bitconnect.co/?ref=danaedwards
Here's a contrarian take on it... http://woobull.com/data-visualisation-118-coins-plotted-over-time-this-is-why-hodl-alt-coin-indexes-dont-work/
Awesome find. Thank you for sharing!