It's not like it hasn't been done before!
A little over a week ago in an earlier post (Crypto-Picker's guide... ) I mentioned my plan to use a set of darts to make a couple of cryptocurrency choices for me. I threw three darts and choose two of the three crypto's I hit. I simply placed a random number of low-priced currencies on the board and proceeded to throw three darts. I previously stated I would spend about $50 on each crypto I hit and report the results. Well, it's been 11 days (I got distracted with shooting some videos) and here are the results:
1st dart - Digital Note (XDN). Purchased 568 tokens @ $.0879 ea ($50). Current value - $14.94.
2nd dart - BitBay (BAY). Purchased 161 tokens @ $.31 ea ($50). Current value - $20.73.
I experienced an overall loss of $64.33.
I must admit this method was fun and I actually would have realized a gain if I would have sold the next day. But the big down-run began and spoiled everything. As it turned out though, it didn't matter what cryptos I hit... they have all suffered big losses this last week.
My plan now?