1 Month. 10 Randomly Selected Coins. 140% Returns = Bubble?
cryptocurrency·@crypt0clown·
0.000 HBD1 Month. 10 Randomly Selected Coins. 140% Returns = Bubble?
When is the bubble going to pop? 4 Weeks ago I decided to randomly select 10 coins with a Market Cap ranked between 300-400 on Coinmarketcap.com and put $250 into each of them. | Coin | Price on 12/5/2017 | Price on 1/2/2018 | Return | | ------------- | ------------- | ------------- | ------------- | | Airtoken | $0.009728 | $0.03061 | 214.66% | Sequence |$0.2098800 | $0.47396 | 125.83% Vibe | $0.046138 | $0.19934 | 332.04% | NVO | $0.540727 | $1.20 | 121.92% | Qwark | $0.193458 | $0.37074 | 91.64% | APX | $10.560000 | $16.62 | 57.39% | Lampix | $0.054622 | $0.13541 | 147.90% | Memetic | $0.489439 | $0.97860 | 99.94% | Darcrus | $0.3471310 | $0.49542 | 42.72% | BlockMason Credit Protocol | $0.2333730 | $0.62355 | 167.19% | All 100% selected at random, no research (I still couldn't tell you what any of the above coins are looking to achieve), and I was able to "produce" returns in under a month what most people look to achieve in 6-10 years via the stock market. I get that this movement provides a new way of thinking, and that many common beliefs should be thrown out the window, but 140% randomly picking relatively unproven coins screams bubble to me! What do you think?
👍 crypt0clown,