If you bought and HODL every top 10 coin for exactly 4 years since 01/08/2018 until

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If you bought and HODL every top 10 coin for exactly 4 years since 01/08/2018 until

<!-- SC_OFF --><div class="md"><p>This post is made in response to <a href="https://www.reddit.com/r/CryptoCurrency/comments/rz00vl/if_you_bought_and_hodl_every_top_10_coin_for/">https://np.reddit.com/r/CryptoCurrency/comments/rz00vl/if_you_bought_and_hodl_every_top_10_coin_for/</a></p> <p>While it is true, that if you had bought at that time, you would have made a fortune, I want to make sure people understand that the strategy usually does not work out with a counter example.</p> <p>Let's put things in perspective, imagine you invested in and still holding every coin from top 10 exactly 4 years ago until today. The ranking is based on the Historical Snapshot - 08 January 2018 by CMC</p> <table><thead> <tr> <th align="left"><em>Coin</em></th> <th align="left"><em>Price in USD 08 Jan 2018</em></th> <th align="left"><em>Price in USD 08 Jan 2022</em></th> <th align="left"><em>Percentage change</em></th> </tr> </thead><tbody> <tr> <td align="left"><strong>1. Bitcoin</strong></td> <td align="left">15,170.08</td> <td align="left">41,894.82</td> <td align="left"><strong>+ 176 %</strong></td> </tr> <tr> <td align="left"><strong>2. Etherium</strong></td> <td align="left">1,148.53</td> <td align="left">3,169.69</td> <td align="left"><strong>+ 176 %</strong></td> </tr> <tr> <td align="left"><strong>3. XRP</strong></td> <td align="left">2.46</td> <td align="left">0.7579</td> <td align="left"><strong>- 69 %</strong></td> </tr> <tr> <td align="left"><strong>4. Bitcoin Cash</strong></td> <td align="left">2,421.47</td> <td align="left">382.49</td> <td align="left"><strong>- 84 %</strong></td> </tr> <tr> <td align="left"><strong>5. Cardano</strong></td> <td align="left">0.899</td> <td align="left">1.22</td> <td align="left"><strong>+ 36 %</strong></td> </tr> <tr> <td align="left"><strong>6. NEM</strong></td> <td align="left">1.65</td> <td align="left">0.1181</td> <td align="left"><strong>- 93 %</strong></td> </tr> <tr> <td align="left"><strong>7. Litecoin</strong></td> <td align="left">255.76</td> <td align="left">131.90</td> <td align="left"><strong>- 48 %</strong></td> </tr> <tr> <td align="left"><strong>8. Stellar</strong></td> <td align="left">0.6293</td> <td align="left">0.2595</td> <td align="left"><strong>- 59 %</strong></td> </tr> <tr> <td align="left"><strong>9. IOTA</strong></td> <td align="left">3.85</td> <td align="left">1.09</td> <td align="left"><strong>- 72 %</strong></td> </tr> <tr> <td align="left"><strong>10. TRON</strong></td> <td align="left">0.152</td> <td align="left">0.06735</td> <td align="left"><strong>- 56 %</strong></td> </tr> </tbody></table> <p><strong>Conclusion: If you had put $100 into each of these coin, you would currently be down 10.3% which mean you are currently losing $103 of your initial $1000</strong></p> <p>The strategy of buying a lot of coins doesn't work despite some lucky coincidence. Your best strategy is doing your own research and put your investment into a few coins that you truly believe in.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ShapeSquare"> /u/ShapeSquare </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz2v5y/if_you_bought_and_hodl_every_top_10_coin_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz2v5y/if_you_bought_and_hodl_every_top_10_coin_for/">[comments]</a></span>Kind Regards R