I ran some charts on the top 10 coins by marketcap, to see how they individually performed had you invested 6, 12, 18, 24 and 30 months ago. Here’s my results. The conclusions are unclear but some thoughts come to mind:
- Over the long term (2 years or more) very few alt-coins out perform Bitcoin
- Recently, in the last 18 months or less, alt-coins have been performing well with very few producing losses and small ones if they do. However many are relatively new arrivals and could be a sign that newer coins have more merit and than alt-coin projects of the past.
- We could be in an alt-coin bubble
I think we have a division in possible conclusions, it’s: “Bitcoin will kill all/most alt-coins given enough time” vs “new alt-coins have utility that will eventually out perform Bitcoin”.
6 months ago