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/biz/ - Business & Finance

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6151913 No.6151913 [Reply] [Original]

What was the average return in cryptocurrency for 2017?

>> No.6151975

50x

>> No.6151990

>>6151975
nah probably honestly more like 5x

>> No.6152025
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6152025

>>6151913
I'm not going to do the math, but the average is in the triple digit percentiles, easily.

>> No.6152038

>>6151913
more than you made

>> No.6152490

>>6152038
I did about 60,000% m8.

>> No.6152540
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6152540

>>6151913
I recently created a little excel sheet because I was curious what would have happened if I had invested $1000 in every top 20 coin on Jan. 1 2017 and held for a year. I used the coinmarketcap historical snapshots on Jan. 1 2017 and Dec. 31 2017 to approximate. I think this is a pretty good approximation to the average return on crypto, similar to how people use the S&P 500 to approximate "the market".

https://coinmarketcap.com/historical/20170101/
https://coinmarketcap.com/historical/20171231/

Turns out you would have made over 1.2 million. An average return of x64 so this anon >>6151975 is quite close. There are several coins that went x100 or higher. The biggest winners being Ripple (x324), NEM (x254), Stellar (x130) and Lisk (x127). The only one that really would have fucked you over is E-dinar Coin (x0.02) but it hardly affects your results. Everything else went AT LEAST x8.

You could have x64 your money by simply throwing money at big market cap coins without even doing any research. Feels bad desu.

>> No.6152802

>>6151913
>>6152540
Meanwhile the total crypto market cap went from $18.028 billion to $584.407 billion which is about x32.

Note that the prices in the excel are up to more decimals than are shown btw because Excel doesn't show currency with more than two digits. Ripple on Jan. 1 for instance is actually $0.00654 but is shown as $0.01

>> No.6153147

>>6152540
That's very helpful thanks anon.

>> No.6153358
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6153358

if you had bought upfiring then the answer would be: alot

>> No.6153456

>>6152540
Very interesting, thanks. So Ethereum was one of the highest performing despite already being a high cap coin.

>> No.6153495

>>6153358
That symbol literally looks like a logo for an Indian restaurant jesus are you fucks in every single thread???