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<blockquote data-quote="redbeard" data-source="post: 1167036" data-attributes="member: 6466">So, the same alts everyone&#039;s been recommending since 2017. Great.I know you guys are probably tired of me tearing apart their fundamentals, but what if we just focus on performance?Truth be told, alts have not performed well (as a sector) since December 2017. Yes, there are outliers, but they are exactly that - oddities. Exceptions do not prove anything.The counterpoint is &quot;redbeard, I&#039;m buying alts for diversification!&quot;<img src="/styles/default/xenforo/smilies/lol.gif"&nbsp; class="smilie" loading="lazy" alt=":laugh:" title="Old Laugh&nbsp; &nbsp; :laugh:" data-shortname=":laugh:" />All cryptos are about 99% correlated. If you want to diversify, buy gold, stocks, or cash.But hey, maybe you&#039;re right, and there is something to this diversification meme.If that&#039;s true, backtest your portfolio against 100% BTC. Here&#039;s a tool that does this for you:<a href="https://pandaanalytics.com/index" target="_blank">https://pandaanalytics.com/index</a>In most (if not all) cases, holding 100% BTC outperforms a basket of alts. On top of that, holding 100% bitcoin is 100% easier than buying random alts and hoping for the best.Thanks for coming to my TED talk.</blockquote>

[QUOTE="redbeard, post: 1167036, member: 6466"] So, the same alts everyone's been recommending since 2017. Great. I know you guys are probably tired of me tearing apart their fundamentals, but what if we just focus on performance? Truth be told, alts have not performed well (as a sector) since December 2017. Yes, there are outliers, but they are exactly that - oddities. Exceptions do not prove anything. The counterpoint is "redbeard, I'm buying alts for diversification!" :laugh2: All cryptos are about 99% correlated. If you want to diversify, buy gold, stocks, or cash. But hey, maybe you're right, and there is something to this diversification meme. If that's true, backtest your portfolio against 100% BTC. Here's a tool that does this for you: [URL]https://pandaanalytics.com/index[/URL] In most (if not all) cases, holding 100% BTC outperforms a basket of alts. On top of that, holding 100% bitcoin is 100% easier than buying random alts and hoping for the best. Thanks for coming to my TED talk. [/QUOTE]

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