1 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?
It could be a bubble indeed. I find however with the under 100 market cap coins it's usually more of an investment or a gamble that the coin will grow exponentially. The goal of course being to get in early so that you can be a "whale" so to speak of that coin.
Agreed and definitely a gamble. Just beyond shocked that of the 10 randoms coins, 0 of them took a loss. How do long do you think that will play out?