Good morning all,
We're in a bear market. Shit sucks. But that doesn't mean we can't still have some fun right?
For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE. I invested (yolo'd?) $100 into this subs most hated coins. Some coins are hated because of utility, some because of corruption, some because of the the shills. Whatever the reason, I decided to act on the theory that this sub can actually pick winners by investing into the ones that we all hate the most.
So, $100 was invested on the same day to each of the ten coins/tokens. Here is how it has fared.
Down 60% or $600 in eight months.
What about the individual results? Surely they're not all bad? Right?
Best performer: USDT -0.06 %
Worst performer: LRC -81.05 %
Surprise Performer: BNB -46.23%
Folio of Hate Individual Performance
Despite the savagery of the capitulation and bear market, there are some interesting observations.
Personal points of interest:
- Binance is the best none-stablecoin performer. This could be connected to the collapse of other exchanges/lenders.
- Investing in Dogecoin - was a better investment than top guns Solana and Cardano.
- Solana performed equally as bad as Safemoon
- Tether - FUCKING TETHER - was the folios best performer. Props to u/entschida for getting that one right.
I am aware that perceptions and opinions shift over time, so it is of course possible that we hate these coins more than ever.
Finally, the sentiment for crypto.com (or Cronos) has drastically shifted over the past eight months. If I were to create this folio today, CDC would definitely have a place in it.
Original post for reference.