On November 29th, 2017, Bitcoin crossed the $11,000.00 mark unexpectedly. Anticipating a correction, I wanted to see which of the top ten coins would be the best shelter from the storm.
I created an imaginary portfolio on WorldCoinIndex of the top ten coins of the day by volume. My imaginary buy, was $100.00 for each of the top ten coins. For Bitcoin, that amount was, 0.0095617917 BTC at $10,458.29. Thus, the portfolio value for the various ten purchases at $100 each totaled $1000.00.
As of December 22nd, 2017, we have seen Bitcoin adjust from the $19,900.00 range on December 17th, to $12,630.00 this morning, which I'm sure is big headlines in the news. However, if we had bought on the dip on the 29th, our Bitcoin position would still be up 20.77%
Each account started with a $100.00 balance on November 29th.
Prior post about this portfolio.
https://steemit.com/crypto/@esparky/crypto-adjustment-or-november-30-2017-or-chart-data
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