This is a test of an index view of the top 10 crypto currencies traded on 14.11.2017. They are weighted so that each coin is bought for ~100$ each. The main point of this graph is to test out index graph on Tradingview and to see how much (or little) those 1000$ becomes in a month, quarter, year etc.
Only two weeks and we have over 50% return! Thats pretty good for no effort spent on trading or analysing! :D
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Wow, so the 29. November 2017 sure was an interesting day for trading cryptocurrencies. This index had a 541$ difference between top and bottom. Meaning that we on one day where between about 80% profit and 30% profit from start (ca. 1000$). In total it seems like we are not starting to become stable again. And hopefully we will see a return in growth.
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Correction: In total it seems like we ARE starting to become stable again. And hopefully we will see a return in growth.
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However, if BTC continues down to between 7k-8k we most likely will see a further correction of this index as well. Everyone should read @MarcPMarkets posts:
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Update related to the resent massive correction that happened on 19. Desember 2017. As has been common for 2017 almoast every other Cryptocurrency starts to correlate highly with BTCUSD: