Hi,
Today has been a hard day from the moment I woke up and refreshed my Blockfolio app. Sooo much red everywhere. My personal strategy is to hold long term, so I try not to be too concerned with market corrections however, it can still be a challenge to see past the short term changes in the market.
To encourage myself not to move all my investments back into my bank account and get a guaranteed 2% interest pa. I decided to take a look at the top 10 coins in 2017 and how they are doing (approx.) one year later.
I have used the data from Coinmarket cap for 8 January 2017 to 7 January 2018.
The total investment on these top 12 coins would be $1200 (USD) if you were to put $100 on each coin. It was interesting to see that 2 of the coins (Augur and Maidsafe) have dropped out of the top 10 (and are at places 47 and 79 as of this data). I assumed those coins would have had very little growth or even a potential negative growth. Yet they both did very well for the intial investment of $100.
The total value of all these coins (as at 7 Jan 2018) would have been: $145,065.098
I have to say, that's not bad for a $1200 investment which, held in the bank, would have paid me $24 for the same period.
In conclusion, I will continue holding and can't wait to see what happens next.