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

Note

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

Note

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.

Note

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

Note

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:

BTCUSD Perspective And Levels: Looks Like 8Ks before 12Ks?

Note

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:

ohenrik

Disclaimer

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ohenrik