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 altcoins out perform Bitcoin
- Recently, in the last 18 months or less, altcoins 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 altcoin projects of the past.
- We could be in an altcoin bubble
I think we have a division in possible conclusions, it’s: “Bitcoin will kill all/most altcoins given enough time” vs “new altcoins have utility that will eventually out perform Bitcoin”.
6 months ago
12 months ago
18 months ago
24 months ago
30 months ago