{"id":214747,"date":"2021-03-30T19:00:00","date_gmt":"2021-03-30T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/oops-a-100-bitcoin-hodl-outperformed-cnbcs-2017-altcoin-basket-by-170\/"},"modified":"2021-03-30T19:00:00","modified_gmt":"2021-03-30T16:00:00","slug":"oops-a-100-bitcoin-hodl-outperformed-cnbcs-2017-altcoin-basket-by-170","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/oops-a-100-bitcoin-hodl-outperformed-cnbcs-2017-altcoin-basket-by-170\/","title":{"rendered":"# Oops! A 100% Bitcoin hodl outperformed CNBC&#8217;s 2017 altcoin basket by 170%"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c62777308f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c62777308f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/oops-a-100-bitcoin-hodl-outperformed-cnbcs-2017-altcoin-basket-by-170\/#Dont_believe_the_hype\" >Don&#8217;t believe the hype?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/oops-a-100-bitcoin-hodl-outperformed-cnbcs-2017-altcoin-basket-by-170\/#All_hail_the_king\" >All hail the king<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Oops! A 100% Bitcoin hodl outperformed CNBC&#8217;s 2017 altcoin basket by 170% <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it&#8217;s best just to buy and hodl.<\/p>\n<p>That was the conclusion from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StatsBTC\/status\/1376664937242705921\">new data<\/a> circulating on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> this week, which casts serious doubt on the merits of following investment advice from mainstream media.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dont_believe_the_hype\"><\/span>Don&#8217;t believe the hype?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the microscope was CNBC, which in 2017 offered viewers an investment portfolio made up of 30% Bitcoin and 70% altcoins.<\/p>\n<p>Four years later, those who invested $10,000 at the time now have around $52,300. Had they just bought and hodled Bitcoin, however, they would have over $140,000.<\/p>\n<p>&#8220;The 30% #BTC allocation is responsible for 75% of the return,&#8221; Twitter account StatsBTC, which uploaded the numbers, noted in comments.<\/p>\n<p>CNBC&#8217;s portfolio came courtesy of well-known pundit Brian Kelly, months before it hit then all-time highs of $20,000. Altcoins also saw peaks, months later in early 2018, with most only to crash and never recover.<\/p>\n<p>Subsequently, the network gained an unenviable reputation for acting as a buy signal for investors \u2014 ironically by telling them not to invest in Bitcoin. The same fate has since befallen the likes of gold bug Peter Schiff.<\/p>\n<p>As Cointelegraph reported, fellow host Jim Cramer, on the other hand, has embraced Bitcoin thanks to persuasion from Morgan Creek Digital co-founder Anthony Pompliano. His investment, thought to be around $500,000, has made Cramer &#8220;a ton of money,&#8221; he said earlier this month.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"All_hail_the_king\"><\/span>All hail the king<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meanwhile, even a longer-term HODL strategy will have suffered from exposure to altcoins at the expense of its Bitcoin presence.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bobsimon97\/status\/1375956185266917377\">Bob Simon<\/a>, owner of the StatsBTC account, $100 divided equally between Bitcoin, Litecoin, XRP, Dogecoin and Peercoin in March 2014 would now be worth $6,000. A Bitcoin-only punt, by contrast, would sell for $12,130.<\/p>\n<p>&#8220;An equally weighted basket of the top 5 cryptocurrencies has underperformed Bitcoin by over 50% over the past 7 years,&#8221; he summarized.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/01a169d5-7b2e-4c41-b2b9-3c72a92c31c3.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin vs. mixed investment returns. Source: Bob Simon\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Analysts still believe that this coming summer will produce huge gains for altcoins, with one arguing that a peak price &#8220;Alt Season 2.0&#8221; has already begun.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/oops-a-100-bitcoin-hodl-outperformed-cnbc-s-2017-altcoin-basket-by-170\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Oops! A 100% Bitcoin hodl outperformed CNBC&#8217;s 2017 altcoin basket by 170% &#8221; Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it&#8217;s best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":214748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYWJjMjE5Y2MtNjY0Zi00NWVmLWE2MTAtM2ZjY2IyYjYwMzRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,73785],"class_list":["post-214747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=214747"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/214748"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=214747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=214747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=214747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}