{"id":403617,"date":"2019-11-07T19:00:32","date_gmt":"2019-11-07T19:00:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=403617"},"modified":"2019-11-07T16:58:12","modified_gmt":"2019-11-07T16:58:12","slug":"nearly-two-years-later-a-retail-crypto-fund-experiment-is-down-81","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/nearly-two-years-later-a-retail-crypto-fund-experiment-is-down-81\/","title":{"rendered":"Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81%"},"content":{"rendered":"
Back at the tail end of the crypto hype bubble in 2017, it wasn\u2019t uncommon to find posts throughout the cryptocurrency community that demonstrated what a small investment made in Bitcoin<\/a> at the beginning of the year would have brought savvy investors for riches.<\/span><\/p>\n Just as the bubble began to pop, a Reddit user attempted to replicate such comparisons in a new year and sought to track the performance of a $1,000 investment spread evenly across the top ten cryptocurrencies at the time. The end result even nearly two years later, has been a loss of 81% on the entire investment.<\/span><\/p>\n At the start of 2017, Bitcoin<\/a> hadn\u2019t even broken above $1,000, yet it ended the year reaching a price 20 times that. Many other crypto assets followed a similar trajectory, making many braggart investors wealthy that year.<\/span><\/p>\n The discussion of wealth generated through even tiny investments in the asset class<\/a> spread throughout discussion forums around the web, and subreddits focusing on cryptocurrencies suddenly dominated the list of top threads on the popular social content aggregating website Reddit.<\/span><\/p>\n Related Reading | Reddit User Wins Lottery, Buys Bitcoin: Here\u2019s What He Could Earn\u00a0<\/a><\/strong><\/em><\/p>\n There, on Reddit<\/a>, one user who saw many threads during the previous year track their road to riches publicly, decided to create a new thread where he would track the progress of a $1,000 investment made at the start of January 2018, across the top ten cryptocurrencies by market cap at that time.<\/span><\/p>\n The crypto fund experiment \u2013 nearly two full years later, is still down 81% from the initial investment. Sadly, the results of the retail crypto fund are the norm for most investors who bought in just as the bubble was popping.<\/span><\/p>\n Even the actual list of cryptocurrencies invested in demonstrates just how much the emerging crypto market has changed dramatically in just two short years of bear market.<\/span><\/p>\n The investor behind the fund notes that a total of 40% of the list of top ten cryptocurrencies are no longer in the top ten, with NEM, Dash, IOTA, and Cardano all falling out of favor for the likes of EOS, Binance Coin, Bitcoin SV, and stablecoin Tether.<\/span><\/p>\nDown 81%: Crypto Bubble Pop Turns $1,000 Investment Into $192<\/h2>\n
Bitcoin Saves Portfolio From Added Losses, Nearly Half of Assets Fell Out of Top Ten<\/h2>\n