Index view of Crypto currencies (1000$ total)

This is a test of an index view of the top 10 crypto currencies traded on 14.11.2017. They are weighted so that each coin is bought for ~100$ each. The main point of this graph is to test out index graph on Tradingview and to see how much (or little) those 1000$ becomes in a month, quarter, year etc.

The 10 crypto currencies and amounts are:
BTCUSD 0,02
BCHUSD 0,08
ETHUSD 0,31
EOSUSD 68,87
IOTUSD 168,01
LTCUSD 1,62
ETCUSD 5,9
DASHUSD 0,24
BTGUSD 0,51
ZECUSD 0,37

Bình luận:

Only two weeks and we have over 50% return! Thats pretty good for no effort spent on trading or analysing! :D

Bình luận:

Wow, so the 29. November 2017 sure was an interesting day for trading cryptocurrencies. This index had a 541$ difference between top and bottom. Meaning that we on one day where between about 80% profit and 30% profit from start (ca. 1000$). In total it seems like we are not starting to become stable again. And hopefully we will see a return in growth.

Bình luận:

Correction: In total it seems like we ARE starting to become stable again. And hopefully we will see a return in growth.

Bình luận:

However, if BTC continues down to between 7k-8k we most likely will see a further correction of this index as well. Everyone should read @MarcPMarkets posts:

Bình luận:

Update related to the resent massive correction that happened on 19. Desember 2017. As has been common for 2017 almoast every other Cryptocurrency starts to correlate highly with BTCUSD: