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Hodling for 5+ Years is Often Not the Best Strategy: How Coins Age

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I am a hodler and this sub is very pro DCA and hodling. It is important to remember that almost all cryptos can be considered startups (ETH and BTC are two exceptions)

Below are the top 25 coins exactly 5 years ago and their current rank next to them

  1. Bitcoin: 1
  2. Ethereum: 2
  3. XRP: 6
  4. Litecoin: 15
  5. Monero: 29
  6. Ethereum Classic: 21
  7. Steem: 184
  8. Dash: 54
  9. NEM: 66
  10. MaidSafeCoin: 190
  11. DigixDAO: 524
  12. Factom: 796
  13. Lisk: 125
  14. Dogecoin: 7
  15. Waves: 49
  16. Nxt: 783
  17. Stellar: 22
  18. Emercoin: 1324
  19. Counterparty: 3021
  20. BitShares: 283
  21. Bytecoin: 450
  22. Peerplays: ----
  23. HyperSpace: ----
  24. BitCrystals: -----
  25. Storjcoin: ----
  26. to 50. Tether is the only coin in the top 100 today

Take aways

  • Literally DOGE and USDT are the only coins in the top 50 five years ago to be ranked higher than they were 5 years ago
  • Only 24% of the top 50 coins are in the current top 100
  • 16% of the top 25 coins are no longer being traded today
  • Hodling is a good strategy, but it is prudent to reevaluate your coins at times since history has shown up that even projects with great potential do not always age well
submitted by /u/pbjclimbing
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