Cryptocurrencies

[Keith]

One thing to keep in mind is if something starts with a value at or very near to 0 it has what statisticians would call a "floor", meaning if it's going to move in any significant fashion, it can only do so in an upwards direction, and this can give a false impression of "success".

What a load of rubbish you spout, theres usually a reason why the value is at or near 0 ......its virtually worthless because it has no value and no chance of earning any value.

You're the guy advising people to buy "dorothy perkins", "Arcadia" British steel , woolworths etc as they are going bust with this logic.

IOW, since all of these coins start (afaik) with a very low value, well, even in a random-walk scenario, some are going to end up as "successes" and others are not going to go anywhere. And, interestingly, that scenario is fairly consistent with the performance of the family of coins as a whole.

This is why if I were going to play this game, I would start by buying a broad range of coins at very low values and then try to come up with some algorithm to decide when to sell. By buying when things are close to the floor you protect yourself from losses. The risk in this case is basically eliminated.

If its so easy and risk free , why dont you put your money where your mouth is and prove it ?

You are making the biggest mistake that anyone can make of valuing the coin by its price in isolation and ignoring how many coins are in circulation and it there is any reason why the price of the coin is going to go up in the future because there is a use that will create demand for it .