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RE: Crypto-Talk - valuing Crypto-Currencys
Finally, something nice to read!
BTC vs Whatever-Creature-is-That = priceless :D
Concerning diversification. I've done the analysis for myself and the answer was - almost pointless, with joust a few remarks:
- buying stable crypto is pointless
- buying new crypto is risky, don't hodl, get rid of that ASAP
- correlation is almost perfect, thus diversify into the first 10 coins
- Don't invest in obscure coins ranked below _____ , you add
Winner takes it all ;)
Yes! you maybe miss out some "opportunies" on 8000x Coins but the chances are high, that you hold a winner.
so true
2000 Automobil companies in USA in early 20th century, some even ranked in the DOW without producing any cars ... and now: None of them survived exept Ford and a few small ones.
Wonderful analogy with car manufacturers!