06-10-2021, 05:23 PM
I bought $1k of the Top 10 Cryptos on January 1st, 2019 (May Update/Month 29) Up +45
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/"> <img src="https://b.thumbs.redditmedia.com/ap_uBJpaWHP5YpTBWNf8TD67u3pFAG--WXdTKHf5u7Y.jpg" alt="I bought $1k of the Top 10 Cryptos on January 1st, 2019 (May Update/Month 29) Up +459%" title="I bought $1k of the Top 10 Cryptos on January 1st, 2019 (May Update/Month 29) Up +459%" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://preview.redd.it/o7l48odf7e471.png?width=666&format=png&auto=webp&s=7677ccf3a7c41a67de083b9b1e9e5be6b8553f19"> EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Twenty-Nine- UP +653% </a></p> <p><strong><em>The full blog post with all the tables is</em></strong> <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-29"><strong><em>here</em></strong></a><strong><em>.</em></strong></p> <p>Welcome! This is the monthly report for my homemade 2019 Top Ten Crypto Index Fund. This group contains <strong>BTC, XRP, ETH, BCH, EOS, XLM, USDT, LTC, BSV</strong>, and <strong>Tron.</strong></p> <p>---> <strong>MOON SAMPLES!</strong> Have a taste of that sweet, sweet moon nectar: <em>65 Moons to the first person to name the artist and title of the hidden song in this post AND say something nice about one of the other commenters.</em> </p> <p>Why 65? It's my way to try to encourage <strong>Special Membership:</strong> right this second, it's worth about $5 (65*.077), enough to treat yourself and the community to a month of <a href="https://www.reddit.com/r/CryptoCurrency/">r/CryptoCurrency</a> special membership! (If you've already won this month, give it to someone else please).</p> <p><strong>tl;dr:</strong></p> <ul> <li><strong>What's this all about?</strong> I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over 3+ years. Did the same in 2019, 2020, and 2021. <strong><em>Learn more about the history, rules, and FAQs of the Experiments</em></strong> <a href="https://toptencryptoindexfund.com/about/"><strong><em>here</em></strong></a><strong><em>.</em></strong></li> <li><strong>May Winners and Losers</strong> - Winners? Um, <strong>Tether</strong> I guess! Big Loser: <strong>BSV</strong> loses nearly half of its value.</li> <li><strong>Overall since Jan. 2019</strong> - <strong>ETH</strong> now more than doubling return of second place <strong>BTC.</strong> Top Ten portfolio up +459% (vs. S&P's +68%), all coins in the green. <strong>BSV</strong> worst performing, but still up +85% (17% higher than ROI of S&P).</li> <li><strong>2018+2019+2020+2021 Combined Top Ten Portfolios are returning 349%.</strong></li> </ul> <h2>Month Twenty-Nine – UP 459% </h2> <p><a href="https://preview.redd.it/6mny4oos7e471.png?width=1081&format=png&auto=webp&s=fceeeb35b03034f33936d513aa5a82c65a5dd3bb"> 2019 Top Ten Crypto Portfolio Summary - tough May, but mostly triple digit gains overall</a></p> <p>After a very strong <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">April</a>, the 2019 Top Ten was handed its first all-red month since <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-21/">September 2020</a>. Although it narrowed the gap a bit this month, the 2019 portfolio is still the second best performing of the four, trailing the first place <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 Top Ten Portfolio</a>. Despite a rough May, <strong>the portfolio is up +459% since January 2019.</strong> </p> <h2>May Movement Report, Ranking, and Dropouts</h2> <p>Here are the May ups and downs for the 2019 Top Ten Portfolio:</p> <p>Ups:</p> <ul> <li><strong>EOS</strong> – up three places (#26–>#23)</li> <li><strong>Tether</strong> – up two places (#5–>#3)</li> </ul> <p>Downs:</p> <ul> <li><strong>BSV</strong> – down six places (#28–>#34)</li> <li><strong>Tron</strong> – down four places (#20–>#24)</li> <li><strong>Litecoin</strong> – down three places (#11–>#14)</li> <li><strong>XRP</strong> – down three places (#4–>#7)</li> <li><strong>Bitcoin Cash</strong> – down three places and out of the Top Ten (#10–>#13)</li> </ul> <p><a href="https://preview.redd.it/4b6qz4b28e471.png?width=409&format=png&auto=webp&s=250877e8c882e666a5acb13702fb02f0493d10e2"> 2019 Top Ten Rank - BCH drops out, now 60% have fallen out of the Top Ten </a></p> <p><strong>Top Ten dropouts since January 2019:</strong> After twenty-nine months, 60% of the cryptos that <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">started in the Top Ten in January 2019</a> have been <a href="https://www.youtube.com/watch?v=Gl83mI69nX4">pushed</a> out. <strong>EOS</strong>, <strong>Litecoin, BSV, Stellar, Bitcoin Cash,</strong> and <strong>Tron</strong> have been replaced by <strong>Binance Coin, Doge, Cardano, UNI, USDC,</strong> and <strong>Polkadot.</strong></p> <p><strong>BSV</strong> is the only one of the 2019 Top Ten cryptos that have dropped out of the Top <em>Thirty</em>. </p> <h2>May Winners and Losers</h2> <p><strong><em>May Winners</em></strong> – For the first time in a long time, <strong>Tether</strong>. Second place goes to <strong>EOS</strong>, which finished the month down just -3%. </p> <p><strong><em>May Losers</em></strong> – <strong>BSV</strong> was pummeled this month, losing nearly half of its value, down -46%. <strong>Tron</strong> is the second worst performer of May, down -41%.</p> <h2>Tally of Monthly Winners and Losers</h2> <p>Which crypto holds the most wins or losses over the life of the project? Here’s a snapshot of the winners and losers over the first twenty-nine months of the 2019 Top Ten Experiment:</p> <p><a href="https://preview.redd.it/ly8f1nh1be471.png?width=412&format=png&auto=webp&s=a39811e5e582b0878dba940c501f7bab3ccac2c2"> 2019 Top Ten Ws and Ls </a></p> <p><strong>Tether</strong> still has the greatest number of monthly victories (8) followed by <strong>BTC</strong> with five. In other words, 28% of the time (eight times out of twenty nine months) every crypto in the 2019 Top Ten Portfolio has finished the month in the red. </p> <p>While every crypto has won at least one month since January 2019, <strong>EOS</strong> is the only crypto without a monthly loss in the 2019 Top Ten Experiment.</p> <h2>Overall Update – ETH has doubled BTC returns, all cryptos well in the green, BSV worst performing</h2> <p>Even though it fell -10% in May, <strong>Ethereum</strong> pulled further ahead of second place <strong>BTC</strong> this month. <strong>ETH’s</strong> ROI is more than double that of <strong>Bitcoin</strong> since the beginning of the 2019 Experiment.</p> <p>And that $100 investment into first place <strong>ETH</strong> on <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">January 1st, 2019</a>? It’s currently worth $1,976.</p> <p>After twenty-nine months, 100% of the cryptos in the 2019 Top Ten Portfolio are in positive territory. Not counting stablecoin <strong>Tether</strong>, the worst performing crypto is <strong>BSV</strong>, which is still up +85%. Compare that to the ROI of the S&P (more on that below).</p> <p>Although the 2019 Top Ten Portfolio is up an impressive +459%, it is still second place behind the best performing of the four Experiments: the 2020 Top Ten is up <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">+630%</a>.</p> <h2>Total Market Cap for the Entire Cryptocurrency Sector:</h2> <p><a href="https://preview.redd.it/2r1oe7l7be471.png?width=841&format=png&auto=webp&s=54390f0ddd35721f07fac487f05b8297f831a930"> Total Market cap +1190% since Jan 2019 </a></p> <p>The entire cryptocurrency sector is up +1190% since <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">January 2019</a>. That’s still well behind first place <strong>ETH</strong> (+1,826%) but much better than the rest of the cryptos (including second place <strong>Bitcoin’s</strong> +873%) and much better than the Top Ten approach.</p> <p>After reaching <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">$2T last month</a>, the total market cap lost $570 billion in May. The seven month streak of month-ending total market cap record highs was broken this month as the total market cap returned to a level last seen in <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-27">March</a>.</p> <h2>Bitcoin Dominance:</h2> <p><a href="https://preview.redd.it/y87spptabe471.png?width=739&format=png&auto=webp&s=23813a694cc8c9844be00a36105147a571ba5b1d"> BitDom reached another 2019 Top Ten Experiment low in May</a></p> <p><strong>BitDom</strong> continued to drop in May, setting another low point in the 2019 Top Ten Index Fund Experiment. For context, the table above shows the progression over the last twenty-nine months with <strong>BTC</strong> domination ranging between 42%-70%. </p> <p>If you’re curious as to what happened last time <strong>Bitcoin Dominance</strong> fell into the low 40s and 30s, check out the <a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">2018 Top Ten Experiment</a>.</p> <h2>Overall return on $1,000 investment since January 1st, 2019:</h2> <p><a href="https://preview.redd.it/h9nr2vyebe471.png?width=400&format=png&auto=webp&s=2abc05f405a6b06f0b51efe4da88ed77bf1aee98"> 2019 Top Ten Portfolio ROI </a></p> <p>The 2019 Top Ten Cryptos Portfolio lost $1933 in May. After twenty-nine months the value of the initial $1000 investment is <strong>$5,594</strong>, up +459%. This breaks a six month streak of record returns for the 2019 Portfolio and the ROI has dropped back to where it was in March 2021.</p> <p>Here’s a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiment, which provides a pretty good sense of the journey to this point:</p> <p><a href="https://preview.redd.it/x2p16s4hbe471.png?width=568&format=png&auto=webp&s=cf782f59e2da902127d32308dbd8272c1fc71215"> 2019 Top Ten ROI Summary </a></p> <p>Almost completely green, but there have been some very significant dips. For example, a little over <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-15/">one year ago</a> the 2019 Top Ten Portfolio was returning only +6%. </p> <p>At +459%, the 2019 Top Ten Portfolio is the second best performing <a href="https://toptencryptoindexfund.com/">out of the four Experiments</a>. First place is the <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 group</a>, up +630% as of this report. </p> <h2>Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios</h2> <p>Speaking of other Top Ten Portfolios, let’s put them all together now:</p> <ul> <li><a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">2018 Top Ten Experiment</a>: up +26% (total value $1,264)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-29">2019 Top Ten Experiment</a>: up +459% (total value $5,594)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 Top Ten Experiment</a>: up +630% (total value $7,300)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-5">2021 Top Ten Experiment</a>: up +281% (total value $3,809)</li> </ul> <p>Taking the four portfolios together, here’s the bottom bottom bottom <em>bottom</em> line: </p> <p><strong>After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,</strong> the combined portfolios are worth <strong>$17,967</strong> ($1,264 + $5,594 + $7,300 + $3,809).</p> <p><strong>That’s up +349%</strong> on the combined portfolio. It’s a big drop from last month, but looking at the big picture, the combined portfolios are back to where they were two months ago in <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">March</a>. </p> <p>Here’s a table to help visualize the progress of the combined portfolios:</p> <p><a href="https://preview.redd.it/afwwfnujbe471.png?width=568&format=png&auto=webp&s=586c7e8af9c40620bff221e88fa04eddf30772e7"> Combined +349% ROI of all four Experiments </a></p> <p>In summary: <strong><em>That’s an +349% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years</em></strong>.</p> <h2>Top Ten Index vs. Top Five Index</h2> <p>Inspired by a suggestion from one of our blog readers, let’s take a look at how the 2019 Top Ten approach would compare to a hypothetical Top Five Index.</p> <p>A Top Five 2019 Index would mean investing $200 into <strong>BTC, XRP, ETH, BCH,</strong> and <strong>EOS.</strong></p> <p><a href="https://preview.redd.it/zy4y97znbe471.png?width=1204&format=png&auto=webp&s=a8a59ac317f19822b9c0f1c60d1b09fdd6dab80c"> An alternate reality: what if it had been the Top Five? </a></p> <p>After twenty-nine months, a Top Five Index would be worth <strong>$7,852</strong>, returning <strong>685%</strong>. That’s compared to the <strong>$5,594</strong> (<strong>+459%</strong>) of the 2019 Top Ten. </p> <p>Once again, it is very clear that going with the five largest caps on January 1st, 2019 would have been the much better approach.</p> <p>Alright, that’s crypto. How does crypto compare to the stock market?</p> <h2>Comparison to S&P 500:</h2> <p>I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets. Although only adding 1% in May, it was enough for another all time high for the S&P:</p> <p><a href="https://preview.redd.it/9eafqhpube471.png?width=609&format=png&auto=webp&s=eeb6cffd580eea74a923a4ce9be2990f59f6395e">Month S&P levels since Jan. 2019</a></p> <p>Since the S&P 500 Index is up 68% since January 2019, the initial $1k investment I put into crypto a little over two years ago would be worth $1,680 had it been redirected to the S&P 500 in January 2019. </p> <p>Even though an extremely solid return for traditional markets, that +67% return is nearly <em>four hundred percentage points behind</em> the return of the 2019 Top Ten Portfolio over the same time period.</p> <p>But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st-Crypto-Index-Fund-Experiment approach with the S&P 500? It would yield the following:</p> <ul> <li>$1000 investment in S&P 500 on January 1st, 2018 = $1570 today</li> <li>$1000 investment in S&P 500 on January 1st, 2019 = $1680 today</li> <li>$1000 investment in S&P 500 on January 1st, 2020 = $1300 today</li> <li>$1000 investment in S&P 500 on January 1st, 2021 = $1120 today</li> </ul> <p>Taken together, here’s the bottom bottom bottom <em>bottom</em> line for a similar approach with the S&P: </p> <p><strong>After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,670</strong> ($1,570 + $1,680 + $1,300 + $1,120)</p> <p>That is up <strong>+42%</strong> <a href="https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/">since January 2018</a> compared to a <strong>+349%</strong> gain of the combined Top Ten Crypto Experiment Portfolios, a difference of 307% <strong><em>in favor of crypto.</em></strong></p> <p>Here’s a table providing an overview of the four year ROI comparison between a Top Ten Crypto approach and the S&P: </p> <p><a href="https://preview.redd.it/duiirbnjce471.jpg?width=675&format=pjpg&auto=webp&s=1f52a00bfcc0d7543c130420f82b134c45f46ece"> Crypto vs. S&P: crypto still far, far ahead </a></p> <p>That’s an eight month streak and a 307% lead for crypto, about the same as a few months ago in March. </p> <h2>Conclusion:</h2> <p>Despite its first all red month since September 2020, the 2019 Top Ten continues to produce impressive returns. Stepping back and taking a long-term view on crypto is helpful, especially in down months. Have we topped out for this cycle? No one knows, but we should all have a better idea of where we are in the coming months. Buckle up.</p> <p>To both old-timers and newcomers: thanks so much for taking the time to read and for supporting the Top Ten Crypto Index Fund Experiments. I hope you find the updates helpful in terms of perspective as you navigate this strange and exciting crypto landscape. </p> <p>Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of <a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">January 1st, 2018</a> (the OG experiment), <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">January 1st, 2020</a>, and most recently, <a href="https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-5">January 1st, 2021</a>.</p> <p>If crypto is causing you to lose sleep at night, chances are you have too much in crypto: try to think long term, don’t invest what you can’t afford to lose, buckle up, and enjoy the ride. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Joe-M-4"> /u/Joe-M-4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/"> <img src="https://b.thumbs.redditmedia.com/ap_uBJpaWHP5YpTBWNf8TD67u3pFAG--WXdTKHf5u7Y.jpg" alt="I bought $1k of the Top 10 Cryptos on January 1st, 2019 (May Update/Month 29) Up +459%" title="I bought $1k of the Top 10 Cryptos on January 1st, 2019 (May Update/Month 29) Up +459%" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://preview.redd.it/o7l48odf7e471.png?width=666&format=png&auto=webp&s=7677ccf3a7c41a67de083b9b1e9e5be6b8553f19"> EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Twenty-Nine- UP +653% </a></p> <p><strong><em>The full blog post with all the tables is</em></strong> <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-29"><strong><em>here</em></strong></a><strong><em>.</em></strong></p> <p>Welcome! This is the monthly report for my homemade 2019 Top Ten Crypto Index Fund. This group contains <strong>BTC, XRP, ETH, BCH, EOS, XLM, USDT, LTC, BSV</strong>, and <strong>Tron.</strong></p> <p>---> <strong>MOON SAMPLES!</strong> Have a taste of that sweet, sweet moon nectar: <em>65 Moons to the first person to name the artist and title of the hidden song in this post AND say something nice about one of the other commenters.</em> </p> <p>Why 65? It's my way to try to encourage <strong>Special Membership:</strong> right this second, it's worth about $5 (65*.077), enough to treat yourself and the community to a month of <a href="https://www.reddit.com/r/CryptoCurrency/">r/CryptoCurrency</a> special membership! (If you've already won this month, give it to someone else please).</p> <p><strong>tl;dr:</strong></p> <ul> <li><strong>What's this all about?</strong> I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over 3+ years. Did the same in 2019, 2020, and 2021. <strong><em>Learn more about the history, rules, and FAQs of the Experiments</em></strong> <a href="https://toptencryptoindexfund.com/about/"><strong><em>here</em></strong></a><strong><em>.</em></strong></li> <li><strong>May Winners and Losers</strong> - Winners? Um, <strong>Tether</strong> I guess! Big Loser: <strong>BSV</strong> loses nearly half of its value.</li> <li><strong>Overall since Jan. 2019</strong> - <strong>ETH</strong> now more than doubling return of second place <strong>BTC.</strong> Top Ten portfolio up +459% (vs. S&P's +68%), all coins in the green. <strong>BSV</strong> worst performing, but still up +85% (17% higher than ROI of S&P).</li> <li><strong>2018+2019+2020+2021 Combined Top Ten Portfolios are returning 349%.</strong></li> </ul> <h2>Month Twenty-Nine – UP 459% </h2> <p><a href="https://preview.redd.it/6mny4oos7e471.png?width=1081&format=png&auto=webp&s=fceeeb35b03034f33936d513aa5a82c65a5dd3bb"> 2019 Top Ten Crypto Portfolio Summary - tough May, but mostly triple digit gains overall</a></p> <p>After a very strong <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">April</a>, the 2019 Top Ten was handed its first all-red month since <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-21/">September 2020</a>. Although it narrowed the gap a bit this month, the 2019 portfolio is still the second best performing of the four, trailing the first place <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 Top Ten Portfolio</a>. Despite a rough May, <strong>the portfolio is up +459% since January 2019.</strong> </p> <h2>May Movement Report, Ranking, and Dropouts</h2> <p>Here are the May ups and downs for the 2019 Top Ten Portfolio:</p> <p>Ups:</p> <ul> <li><strong>EOS</strong> – up three places (#26–>#23)</li> <li><strong>Tether</strong> – up two places (#5–>#3)</li> </ul> <p>Downs:</p> <ul> <li><strong>BSV</strong> – down six places (#28–>#34)</li> <li><strong>Tron</strong> – down four places (#20–>#24)</li> <li><strong>Litecoin</strong> – down three places (#11–>#14)</li> <li><strong>XRP</strong> – down three places (#4–>#7)</li> <li><strong>Bitcoin Cash</strong> – down three places and out of the Top Ten (#10–>#13)</li> </ul> <p><a href="https://preview.redd.it/4b6qz4b28e471.png?width=409&format=png&auto=webp&s=250877e8c882e666a5acb13702fb02f0493d10e2"> 2019 Top Ten Rank - BCH drops out, now 60% have fallen out of the Top Ten </a></p> <p><strong>Top Ten dropouts since January 2019:</strong> After twenty-nine months, 60% of the cryptos that <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">started in the Top Ten in January 2019</a> have been <a href="https://www.youtube.com/watch?v=Gl83mI69nX4">pushed</a> out. <strong>EOS</strong>, <strong>Litecoin, BSV, Stellar, Bitcoin Cash,</strong> and <strong>Tron</strong> have been replaced by <strong>Binance Coin, Doge, Cardano, UNI, USDC,</strong> and <strong>Polkadot.</strong></p> <p><strong>BSV</strong> is the only one of the 2019 Top Ten cryptos that have dropped out of the Top <em>Thirty</em>. </p> <h2>May Winners and Losers</h2> <p><strong><em>May Winners</em></strong> – For the first time in a long time, <strong>Tether</strong>. Second place goes to <strong>EOS</strong>, which finished the month down just -3%. </p> <p><strong><em>May Losers</em></strong> – <strong>BSV</strong> was pummeled this month, losing nearly half of its value, down -46%. <strong>Tron</strong> is the second worst performer of May, down -41%.</p> <h2>Tally of Monthly Winners and Losers</h2> <p>Which crypto holds the most wins or losses over the life of the project? Here’s a snapshot of the winners and losers over the first twenty-nine months of the 2019 Top Ten Experiment:</p> <p><a href="https://preview.redd.it/ly8f1nh1be471.png?width=412&format=png&auto=webp&s=a39811e5e582b0878dba940c501f7bab3ccac2c2"> 2019 Top Ten Ws and Ls </a></p> <p><strong>Tether</strong> still has the greatest number of monthly victories (8) followed by <strong>BTC</strong> with five. In other words, 28% of the time (eight times out of twenty nine months) every crypto in the 2019 Top Ten Portfolio has finished the month in the red. </p> <p>While every crypto has won at least one month since January 2019, <strong>EOS</strong> is the only crypto without a monthly loss in the 2019 Top Ten Experiment.</p> <h2>Overall Update – ETH has doubled BTC returns, all cryptos well in the green, BSV worst performing</h2> <p>Even though it fell -10% in May, <strong>Ethereum</strong> pulled further ahead of second place <strong>BTC</strong> this month. <strong>ETH’s</strong> ROI is more than double that of <strong>Bitcoin</strong> since the beginning of the 2019 Experiment.</p> <p>And that $100 investment into first place <strong>ETH</strong> on <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">January 1st, 2019</a>? It’s currently worth $1,976.</p> <p>After twenty-nine months, 100% of the cryptos in the 2019 Top Ten Portfolio are in positive territory. Not counting stablecoin <strong>Tether</strong>, the worst performing crypto is <strong>BSV</strong>, which is still up +85%. Compare that to the ROI of the S&P (more on that below).</p> <p>Although the 2019 Top Ten Portfolio is up an impressive +459%, it is still second place behind the best performing of the four Experiments: the 2020 Top Ten is up <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">+630%</a>.</p> <h2>Total Market Cap for the Entire Cryptocurrency Sector:</h2> <p><a href="https://preview.redd.it/2r1oe7l7be471.png?width=841&format=png&auto=webp&s=54390f0ddd35721f07fac487f05b8297f831a930"> Total Market cap +1190% since Jan 2019 </a></p> <p>The entire cryptocurrency sector is up +1190% since <a href="https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/">January 2019</a>. That’s still well behind first place <strong>ETH</strong> (+1,826%) but much better than the rest of the cryptos (including second place <strong>Bitcoin’s</strong> +873%) and much better than the Top Ten approach.</p> <p>After reaching <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">$2T last month</a>, the total market cap lost $570 billion in May. The seven month streak of month-ending total market cap record highs was broken this month as the total market cap returned to a level last seen in <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-27">March</a>.</p> <h2>Bitcoin Dominance:</h2> <p><a href="https://preview.redd.it/y87spptabe471.png?width=739&format=png&auto=webp&s=23813a694cc8c9844be00a36105147a571ba5b1d"> BitDom reached another 2019 Top Ten Experiment low in May</a></p> <p><strong>BitDom</strong> continued to drop in May, setting another low point in the 2019 Top Ten Index Fund Experiment. For context, the table above shows the progression over the last twenty-nine months with <strong>BTC</strong> domination ranging between 42%-70%. </p> <p>If you’re curious as to what happened last time <strong>Bitcoin Dominance</strong> fell into the low 40s and 30s, check out the <a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">2018 Top Ten Experiment</a>.</p> <h2>Overall return on $1,000 investment since January 1st, 2019:</h2> <p><a href="https://preview.redd.it/h9nr2vyebe471.png?width=400&format=png&auto=webp&s=2abc05f405a6b06f0b51efe4da88ed77bf1aee98"> 2019 Top Ten Portfolio ROI </a></p> <p>The 2019 Top Ten Cryptos Portfolio lost $1933 in May. After twenty-nine months the value of the initial $1000 investment is <strong>$5,594</strong>, up +459%. This breaks a six month streak of record returns for the 2019 Portfolio and the ROI has dropped back to where it was in March 2021.</p> <p>Here’s a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiment, which provides a pretty good sense of the journey to this point:</p> <p><a href="https://preview.redd.it/x2p16s4hbe471.png?width=568&format=png&auto=webp&s=cf782f59e2da902127d32308dbd8272c1fc71215"> 2019 Top Ten ROI Summary </a></p> <p>Almost completely green, but there have been some very significant dips. For example, a little over <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-15/">one year ago</a> the 2019 Top Ten Portfolio was returning only +6%. </p> <p>At +459%, the 2019 Top Ten Portfolio is the second best performing <a href="https://toptencryptoindexfund.com/">out of the four Experiments</a>. First place is the <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 group</a>, up +630% as of this report. </p> <h2>Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios</h2> <p>Speaking of other Top Ten Portfolios, let’s put them all together now:</p> <ul> <li><a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">2018 Top Ten Experiment</a>: up +26% (total value $1,264)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-29">2019 Top Ten Experiment</a>: up +459% (total value $5,594)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">2020 Top Ten Experiment</a>: up +630% (total value $7,300)</li> <li><a href="https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-5">2021 Top Ten Experiment</a>: up +281% (total value $3,809)</li> </ul> <p>Taking the four portfolios together, here’s the bottom bottom bottom <em>bottom</em> line: </p> <p><strong>After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,</strong> the combined portfolios are worth <strong>$17,967</strong> ($1,264 + $5,594 + $7,300 + $3,809).</p> <p><strong>That’s up +349%</strong> on the combined portfolio. It’s a big drop from last month, but looking at the big picture, the combined portfolios are back to where they were two months ago in <a href="https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28">March</a>. </p> <p>Here’s a table to help visualize the progress of the combined portfolios:</p> <p><a href="https://preview.redd.it/afwwfnujbe471.png?width=568&format=png&auto=webp&s=586c7e8af9c40620bff221e88fa04eddf30772e7"> Combined +349% ROI of all four Experiments </a></p> <p>In summary: <strong><em>That’s an +349% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years</em></strong>.</p> <h2>Top Ten Index vs. Top Five Index</h2> <p>Inspired by a suggestion from one of our blog readers, let’s take a look at how the 2019 Top Ten approach would compare to a hypothetical Top Five Index.</p> <p>A Top Five 2019 Index would mean investing $200 into <strong>BTC, XRP, ETH, BCH,</strong> and <strong>EOS.</strong></p> <p><a href="https://preview.redd.it/zy4y97znbe471.png?width=1204&format=png&auto=webp&s=a8a59ac317f19822b9c0f1c60d1b09fdd6dab80c"> An alternate reality: what if it had been the Top Five? </a></p> <p>After twenty-nine months, a Top Five Index would be worth <strong>$7,852</strong>, returning <strong>685%</strong>. That’s compared to the <strong>$5,594</strong> (<strong>+459%</strong>) of the 2019 Top Ten. </p> <p>Once again, it is very clear that going with the five largest caps on January 1st, 2019 would have been the much better approach.</p> <p>Alright, that’s crypto. How does crypto compare to the stock market?</p> <h2>Comparison to S&P 500:</h2> <p>I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets. Although only adding 1% in May, it was enough for another all time high for the S&P:</p> <p><a href="https://preview.redd.it/9eafqhpube471.png?width=609&format=png&auto=webp&s=eeb6cffd580eea74a923a4ce9be2990f59f6395e">Month S&P levels since Jan. 2019</a></p> <p>Since the S&P 500 Index is up 68% since January 2019, the initial $1k investment I put into crypto a little over two years ago would be worth $1,680 had it been redirected to the S&P 500 in January 2019. </p> <p>Even though an extremely solid return for traditional markets, that +67% return is nearly <em>four hundred percentage points behind</em> the return of the 2019 Top Ten Portfolio over the same time period.</p> <p>But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st-Crypto-Index-Fund-Experiment approach with the S&P 500? It would yield the following:</p> <ul> <li>$1000 investment in S&P 500 on January 1st, 2018 = $1570 today</li> <li>$1000 investment in S&P 500 on January 1st, 2019 = $1680 today</li> <li>$1000 investment in S&P 500 on January 1st, 2020 = $1300 today</li> <li>$1000 investment in S&P 500 on January 1st, 2021 = $1120 today</li> </ul> <p>Taken together, here’s the bottom bottom bottom <em>bottom</em> line for a similar approach with the S&P: </p> <p><strong>After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,670</strong> ($1,570 + $1,680 + $1,300 + $1,120)</p> <p>That is up <strong>+42%</strong> <a href="https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/">since January 2018</a> compared to a <strong>+349%</strong> gain of the combined Top Ten Crypto Experiment Portfolios, a difference of 307% <strong><em>in favor of crypto.</em></strong></p> <p>Here’s a table providing an overview of the four year ROI comparison between a Top Ten Crypto approach and the S&P: </p> <p><a href="https://preview.redd.it/duiirbnjce471.jpg?width=675&format=pjpg&auto=webp&s=1f52a00bfcc0d7543c130420f82b134c45f46ece"> Crypto vs. S&P: crypto still far, far ahead </a></p> <p>That’s an eight month streak and a 307% lead for crypto, about the same as a few months ago in March. </p> <h2>Conclusion:</h2> <p>Despite its first all red month since September 2020, the 2019 Top Ten continues to produce impressive returns. Stepping back and taking a long-term view on crypto is helpful, especially in down months. Have we topped out for this cycle? No one knows, but we should all have a better idea of where we are in the coming months. Buckle up.</p> <p>To both old-timers and newcomers: thanks so much for taking the time to read and for supporting the Top Ten Crypto Index Fund Experiments. I hope you find the updates helpful in terms of perspective as you navigate this strange and exciting crypto landscape. </p> <p>Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of <a href="https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41">January 1st, 2018</a> (the OG experiment), <a href="https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-17">January 1st, 2020</a>, and most recently, <a href="https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-5">January 1st, 2021</a>.</p> <p>If crypto is causing you to lose sleep at night, chances are you have too much in crypto: try to think long term, don’t invest what you can’t afford to lose, buckle up, and enjoy the ride. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Joe-M-4"> /u/Joe-M-4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nwidqh/i_bought_1k_of_the_top_10_cryptos_on_january_1st/">[comments]</a></span> </td></tr></table>Kind Regards R