Which Crypto Asset Was Profitable From Dec 5, 2017 Vs Today 2018: XRP (Ripple) Leads The Way


3rd December 2017 vs 3rd December 2018: Only XRP In Green

Everybody remotely taking notes about the crypto ecosystem knows that 2018 has been a disaster of a year for HODLers. Amongst the top coins, only XRP is in the green while the entire ecosystem seems like a sea of red.

The classic advice from investment managers is that timing the market – that is, making trades to capitalize on fluctuating stock prices – is not as important as time in the market. The advice to just HODL seems to cut across investing, whichever world you live in. The prevailing wisdom from financial advisors is that if we can keep hold of our stocks and carry on drip feeding in our cash over time, any losses will be smoothed over by this general trend line.

There is a prevalence of focus on the immediate short-term in cryptocurrency investing, but taking a longer view than the popular 24-hour volume or seven-day charts can provide some useful context. The last 12 months in cryptocurrency investing has felt like a worst-case scenario playing out in real time. After all, the prices of the top ten coins have slid by an alarming amount in the past 12 months. This time last year, investors were being swept up on a wave of day-by-day gains. By the end of Christmas 2017 huge value spikes saw prices spiral to their all-time highs.

Notably, XRP has been expanding adoption across all channels. This has cushioned its downward spiral in 2018. BCH, on the other hand, has had a disaster year, mostly owing to their hard fork.

The problem with crypto is that what starts as a flurry can turn into a blizzard. When prices tumble, miners sell coins to cover costs, institutions become less keen to enter and regulators find their skepticism vindicated.

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