Bits.ca – Bitcoin & Crypto Currency News & Resources

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​ EXPERIMENT - Tracking 2021 Top Ten Cryptocurrencies – Month Thirty-Nine – UP 250% Full blog post with all the tables here. January 1st, 2021, I bought $100 of following and turned it into a homemade crypto index fund: Bitcoin, Ethereum, Tether, XRP, Litecoin, Polkadot, Bitcoin Cash, Cardano, Binance Coin, and Chainlink. SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 APRIL Snapshot). tl;dr: What's this all about? Back in January 2018, I made a homemade crypto Index Fund, purchasing $100 of each of the Top 10. Crypto winter started immediately after, but I haven't sold or traded and have been reporting monthly ever since. I repeated the Experiment 2019, 2020, 2021, 2022, 2023, and again in 2024 because I'm a glutton for punishment (and to show different entry points). Learn more about the history and rules of the Experiments (including why in the world I would include Tether) here. MARCH HIGHLIGHTS: BCH and BNB turned in the strongest performances this month. BNB continues to maintain a strong overall lead, followed very distantly by ETH. 2021 Top Ten Portfolio is up +250% in thirty-nine months vs. the S&P500's +40%. 2018+2019+2020+2021+2022+2023+2024 Combined Top Ten Portfolios are returning +256% compared to +52% in the S&P 500 if invested as per the rules of the Experiments. Month Thirty-Nine – UP 250% https://preview.redd.it/jwvdf76uqtwc1.png?width=1090&format=png&auto=webp&s=cf892058e8bdda2253a898cb57aa2722596decc0 The 2021 Top Ten Crypto Index Fund consists of: BTC, ETH, USDT, XRP, Litecoin, DOT, BCH, ADA, BNB, and LINK. March highlights for the 2021 Top Ten Portfolio: BCH and BNB turned in the strongest performances this month BNB continues to maintain a strong overall lead, followed very distantly by ETH. 2021 Top Ten Portfolio is up +250% in thirty-nine months March Ranking and Dropout Report https://preview.redd.it/yar9utlvqtwc1.png?width=331&format=png&auto=webp&s=36f914ed4a474d721be4c93719ff69f0abb766e3 Top Ten dropouts since January 2021: thirty-nine months into the 2021 Top Ten Experiment, four cryptos have dropped out: Chainlink, Litecoin, Polkadot and Bitcoin Cash. March Winners and Losers March Winners – BCH was the clear winner this month, up +63% in March March Losers – ADA turned in the worst performance, down -17% this month. Overall Update – BNB dominates, ETH in distant second place, 90% of cryptos in green, Litecoin worst performing As has been the case for most of the 2021 Top Ten Experiment, BNB remains the dominant crypto in the portfolio, by far. It is up +1435%, the $100 investment into BNB thirty-nine months ago now worth $1535. ETH is in distant second place, up +382% followed by ADA in third place and BTC in fourth place. At the bottom, LTC is the worst performing of the 2021 Top Ten Portfolio cryptos at this point in the Experiment, down -18% since January 2021. Bitcoin Dominance: https://preview.redd.it/ipn121wwqtwc1.png?width=1076&format=png&auto=webp&s=d3b161c0a8af43bc447314ecf414c8261738dd3a BitDom has bounced a bit since the beginning of the year, now sitting at 52% and is generally on an uptrend since early 2023. Overall return on $1,000 investment since January 1st, 2021: https://preview.redd.it/v34lp4nyqtwc1.png?width=334&format=png&auto=webp&s=85c7d53dfd91637fbea195ecdb4fc403f625a151 Overall, the 2021 Top Ten Portfolio is up +250%. The initial $1000 investment thirty-nine months ago, on New Year’s Day, 2021, is worth $3,500. Here’s the month by month ROI of the 2021 Top Ten Experiment, to give you a sense of perspective as we go along: https://preview.redd.it/t2c6uclzqtwc1.png?width=1200&format=png&auto=webp&s=3b09743eff9d942e93c586a762ea3a81408925c4 Combining the 2018, 2019, 2020, 2021, 2022, 2023, 2024 Top Ten Crypto Portfolios As most readers are aware, this is the sixth year of an Experiment I started back in January of 2018, at the height of a crypto bull run. Where do we stand if we combine seven years of the Top Ten Crypto Index Fund Experiments? 2018 Top Ten Experiment: up +28% (total value $1,282) 2019 Top Ten Experiment: up +549% (total value $6,492) 2020 Top Ten Experiment: up +822% (total value $9,222) (best performing portfolio) 2021 Top Ten Experiment: up +250% (total value $3,500) 2022 Top Ten Experiment: down -32% (total value $678) (worst performing portfolio) 2023 Top Ten Experiment: up +129% (total value $2,293) 2024 Top Ten Experiment: down +42% (total value $1,420) Taking the seven portfolios together: After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $24,887. That’s up +256% on the combined portfolios. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%. Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals: To visualize the progress of the combined portfolios: https://preview.redd.it/e6nyp611rtwc1.png?width=1098&format=png&auto=webp&s=c4bb9f33b839547eb1b7650a7ed8ca9b55f1af1b In summary: That’s a +256% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for seven straight years. Comparison to S&P 500 I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. https://preview.redd.it/jtqk8fr2rtwc1.png?width=1216&format=png&auto=webp&s=4e43c035c0fa2af5ac34e3527efd00206b3d78ef The S&P 500 Index is up +40% since January 1st, 2021. The initial $1k investment I put into crypto thirty-nine months ago would be worth $1,400 had it been redirected to the S&P 500. The 2021 Top Ten Crypto Portfolio is up +250% over the same time period – the initial $1k investment in crypto thirty-nine months ago is now worth $3,500. That’s a difference of $2100 on a $1k investment in thirty-nine months. What about in the longer term? What if I invested in the S&P 500 the same way I did during the first six years of the Top Top Crypto Index Fund Experiments? What I like to call the world’s slowest dollar cost averaging method? Here are the figures: $1000 investment in S&P 500 on January 1st, 2018 = $1,960 today $1000 investment in S&P 500 on January 1st, 2019 = $2,090 today $1000 investment in S&P 500 on January 1st, 2020 = $1,620 today $1000 investment in S&P 500 on January 1st, 2021 = $1,400 today $1000 investment in S&P 500 on January 1st, 2022 = $1,100 today $1000 investment in S&P 500 on January 1st, 2023 = $1,370 today $1000 investment in S&P 500 on January 1st, 2024 = $1,100 today Taken together, here’s the bottom line for a similar approach with the S&P: After seven $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, 2023, and 2024 my portfolio would be worth $10,640. That is up +52% since January 2018 compared to a +256% gain of the combined Top Ten Crypto Experiment Portfolios. To help provide perspective, here’s a chart showing the combined six year ROI for the Crypto Top Ten Experiment vs. the S&P up to this point: https://preview.redd.it/5mst7f44rtwc1.png?width=1370&format=png&auto=webp&s=ddff16a4139f73df4ee961029a69ff8a1dfe4b92 Conclusion: To the long time followers of the Top Ten Experiments, thank you so much for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures. Buckle up, go with the flow, think long term, don’t invest what you can’t afford to lose, and most importantly, try to enjoy the ride. Feel free to reach out with any questions and stay tuned for progress reports. A reporting note: I’ll focus on 2024 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports per month. March’s extended report is the one you’re reading now (the 2021 Top Ten Portfolio). You can check out the latest 2018 Top Ten (the OG Experiment), 2019 Top Ten, 2020 Top Ten, 2022 Top Ten, and 2023 Top Ten reports as well. submitted by /u/Joe-M-4 [link] [comments]

Completely new to this. I started a bitcoin wallet at Coinbase with the sole purpose of funding gambling accounts. But there fees are outrageous and I feel like I am being robbed just to transfer my own money to my wallet. Is there any advice on a wallet or site to buy from. I don’t have a lot of transactions, I bought around 2k worth of bitcoin and I have been pushing that out to the sites when needed. But I need to make another purchase and transfer and I don’t want to pay Coinbase over $100 for the pleasure. Thanks in advance submitted by /u/Honest_Ice_1205 [link] [comments]

The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience. submitted by /u/Rossa774Tezos [link] [comments]

Mercuryo fraudulently stole money from my paycheck last night. Avoid. As the title reads. Do not use mercuryo. I made no purchases through them in weeks and yet last night while I slept they withdrew a bunch of money from my bank account on the day of my paycheck and again I made no purchases so they sent me nothing. Blatant fraud. Now I have to go through the tedious af process of claiming the fraud on my bank account and doing a charge back because contacting them is pointless considering they wouldn’t have made the fraudulent withdrawals if they intend on giving the money back. Absolutely stupid af and I will never use mercuryo for buying crypto again and I highly recommend none of you do either if you want to keep your money that you’ve earned with your hard work away from scammers. submitted by /u/ColinsStories [link] [comments]

Through linked in, or other business websites, someone impersonating some company (like an exchange) will ask you if you can code for bitcoin/cryptocurrency/web3/whatever. Then, they'll invite you to a github repository that looks innocent and OK. It can be nodejs, C#, Rust, or anything that has its own package manager and build-script capabilities. Finally, if you open that project in your fancy IDE, like VSCode, the project build script (with nodejs, C# nuget, or cargo's build.rs in rust) will execute the malware through a child process, which can do all the typical stuff malware does, including info and browser-cookies stealing, taking crypto stored on the machine, key loggers, and so on. So, there it's. I found this kind of attack esoteric, so I wanted to let you know that by just opening a project in your IDE, you're risking being hacked. submitted by /u/TheQuantumPhysicist [link] [comments]

Hi, I wonder if someone can help me please. I need the Coingeko API request for historic closing price for a coin. Any coin will be okay for the example, i just need to be the closing price of that coin in GBP. But the page below is USD only so I am forced to use the API. https://www.coingecko.com/en/coins/bitcoin/historical_data I’ve looked through documentation and got results back from the OHC request but I keep getting errors and can’t get a working API to give me same exact results as the above. Really appreciate your help! submitted by /u/abs-droid [link] [comments]

As the popularity of memecoins has increased recently, fraudsters are taking advantage of this "opportunity". Blockchain researcher ZachXBT posted on his X that at least 12 Solana memecoins have been “abandoned” in the last 30 days after investors raised $26.7 million. He identified 12 projects that raised funds through pre-sales, most of which dropped significantly after launch and one that did not issue any tokens at all. ​ Chart by ZachXBT According to the researcher, the most expensive “abandoned” project was a memecoin called “I like this coin” with the LIKE ticker. The founder is a user under the pseudonym pokeee.eth, who collected 52,220 SOL tokens ($7.7 million) submitted by /u/MemenaSerena [link] [comments]

➡️ A ‘Buy Bitcoin’ notepad, famously displayed behind Janet Yellen, has sold for over $1 million. ➡️ It was sold to the highest bidder with 16 BTC following the week-long auction. ➡️ Christian Langalis held up the “Buy Bitcoin” sign during a televised congressional testimony in 2017. submitted by /u/OcelotWarm8822 [link] [comments]