Although I just wrote an update on my cryptocurrency experiment about a week ago, I felt the need to write another. Over Thanksgiving weekend, prices started jumping for some reason. I really have no idea why a few have surged so rapidly, but I wanted to show which coins are now the high-risers.
Original article, August 2017: https://jonamdall.com/2017/08/10/cryptocurrency-exploration/
Three week follow up, September 2017: https://jonamdall.com/2017/09/01/cryptocurrency-revisited-3-weeks-later/
Three month update, November 2017:
https://jonamdall.com/2017/11/16/cryptocurrency-experiment-3-month-status-update/
For background, I originally purchased 21 different coins, totaling $57 ($65 before fees due to inefficient purchasing). In the post last week, the investment had almost doubled. Well, about a week later following the holidays, this collection is well on it’s way to tripling. The two charts show value changes from the initial purchase to today; one in percentage change, another in raw U.S. dollar value change. These percentage/dollar charts are color-coded, with orange representing “the big boys” (primary trading coins), blue for potential windfalls (cheap coins I bought a lot of), and gray for everything else.
Table 1. Percentage change in value from August 2017 to Thanksgiving 2017 (three months and just over a week).
Table 2. Dollar value change in value from August 2017 to Thanksgiving 2017 (three months and some change).
People often pay attention to Bitcoin, and for good reason; it’s up over 200% since my initial investment three months ago. But Feathercoin has increased more, up over 300% since the same time period. Apparently that’s chump change though, because Einsteinium is up almost 800%, and my Vertcoin and Monacoin balances have increased closer to 900%. It really makes the 100% growth coins (Syscoin, Verge, Ethereum, Litecoin, Myriad, Pinkcoin) seem lower, although that’s pretty significant itself. Definitely makes me wish I’d bought more Einsteinium, Vertcoin, and Monacoin!
As I planned before, I’ll try to update again in a few months. Unless some crazy changes happen in the meantime, anyway.