Crypto returns

maxamillius

I recently started messing around with this as curiosity hit the better of me, I opened a Coinbase account etc and put 20 euro in. It’s been interesting watching it go up and down etc.

currently my 20 euro is sitting at 22.96 so a 10% return, obviously not even worth shouting about.

i suppose my question is, what is classed as a good return in the world of crypto, if my 20 euro was 50,000 I’d have made 5k….

would you expect higher than 10% returns?

Shapey Fiend

Depends on what you do? I've had 27% return since November. This was messing about in defi so I had things lose an absolute ton of money. The couple of things I bought that were a legitimate success did 10x so that more than paid for all the disappointments.

Certainly 10% return is grand. If you managed a 10% return in a bear market then what would have happened in a bull market? You'd be laughing. I think most peoples expectation in the last few months is that if they're not losing their shirt and hanging in there then they're not doing too badly. The most common advice in crypto is just to spend time in the market and over the course of a few years you should do well.

Dohnjoe

10% is very small in crypto. Most medium-term (3 or 4 years) people are chasing 10x to 100x returns. In March 2020 Eth dipped to around 100 euros, it was 30x a year later. It's possible to go higher on alts, but the risk is exponentially higher. In a bull run (like 2013, 2017, 2021) it wasn't uncommon to see gains of 10% to 100% per week. Week on week. One of my coins did 110% in 24 hours (and continued to rise afterwards). Ripple went up 700x in a year (back in 2017).

On the flipside it can drop fast, e.g. 90%+ in 2018. 40% in a day. 10% in an hour.

Is all that still possible? Cat is out of the bag a bit, but it's still a highly volatile market. Look at the history of any coin for the crazy price swings.

melatonin

Most of my portfolio have done 10% this week

maxamillius

Thanks appreciate the above. Currently I have small amount of Bitcoin and small amount of ethereum, what are the trends or events that you would look out for that could cause a dramatic rise to fall in these currencies?

Shapey Fiend

Interest hikes by the federal reserve and the ukraine/russian tensions seem to be putting a bit of a dampner on things recently. Some people think we won't see as much volatility in BTC and ETH now that so many institutions and even governments are accumulating it so it'll become more of a sideways action. It's all crystal ball predictions anyway nobody has a clue.

Irish_rat

Would you expect more than 10% returns?

Hell yes. The stock market is returning way more than 10% in the last year alone

Crypto can rise few hundred percent and then drop another 70% in a matter of months.

This is just the high cap coins imagine those in the lower market caps which are making crazy moves each direction. What you want is that volatility if youre looking to make big profits. The risks are just as high