Repost: Would Coins Chosen at Random Perform Better Than Haejin Advices?
Hello everyone, long time no see right?
I have not been posting these days because i had some days off, and totally away from computers.
Today came to see how things were going around here on steem, and for my surprise, Mr. Haejin downvoted my last post, where i compared his performance to random coins (i wonder why...)
So i am reposting here, so everyone could see what would do better, Haejin advices or coins chosen at random. Since i don't want anyone to miss this information, i will repost this every day on the next 7 days.
Also, stay tuned, because there is more analysis of his performance incoming on the next days.
Enjoy!
Sorry that it took that long, but finally i can presente you the answer to the question above.
Shall we begin?
First, even though i stopped to add new coins to the portfolio on day 04-26-2018, it is interesting to see how would haejin recommendations performance be.
Haejin's:
12k USD... Not bad...
But if i had picked coins at random:
33k! That's 21k more profit than Haejin recommendations. That's a bad start Mr. Haejin...
But Let's see another perspective. How would both portfolios be valued the day after i stopped adding new coins to it?
Haejin performance:
Random coins performance:
Haejin got a point here, but since his performance would be lesse than 1,5% better than random coins, i don't think It's a big achievement...
How about highest and lowest value of the portfolios?
Haejin's:
Random Coins:
Looks like if you chosen random coins, you would have a better return if you were goodenough to sell the coins at It's higher price.
What about closed trades? Maybe Haejin is better at spotting when to close trades?
Total effective profit of haejin closed trades:
$3084. Not bad...
Random coins closed trades (closed at the same point in time as haejin):
$5068. Ops... a lot better than Haejin Recommendations.
You can check the portfolios on the links below:
Haejin Portfolio
Random Coins Portfolio
Conclusion
Haejin performance at predicting cryptocurrencies ar no better than choosing coins at random.
Actually, you would probably be way better rolling a dice to pick your next investment than following his advices.
I would like to see a similar comparison .... all of Haejin's picks versus buying Steem on the big Dips.
Great work, looking forward to the next one!