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Thursday, December 30, 2021

I analysed the historical performance of every crypto in Coin Bureau's 'Top crypto picks' videos

Introduction and Methodology

Since Coin Bureau has a pretty good reputation in this sub, I decided to look at the past performance of every crypto that he has recommended in his 'Top crypto picks' videos to see whether his recommendations are worth listening to.

To do this, I compared the price of the cryptos he recommended at the time the video was released to their ATH, and to their current prices. I also compared the returns from these recommendations to the returns of BTC and ETH, 2 of the least risky picks in this asset class. All price data was sourced from Coinmarketcap.

*If true ATH was before video release, I used the ATH after video release.

Results

16 Aug 2020 - TOP Defi Picks & 100x MOONSHOT Coin!!πŸš€

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Ren 0.40 1.83 Feb 20, 2021 4.58x 0.54 1.35x
2. Kava 5.09 9.19 Sep 9, 2021 1.81x 3.56 0.70x
3. Melon Protocol (rebranded to Enzyme) 37.14 168.15 Jun 6, 2021 4.53x 94.11 2.53x
4. Defi Money Market 1.41 1.41 (RIP) Aug 16, 2020 1x 0.04 0.03x
Comparison to BTC 11,892 68,789 Nov 10, 2021 5.78x 46,723 3.93x
Comparison to ETH 433.79 4891.70 Nov 16, 2021 11.3x 3663.23 8.44x

None of these recommendations outperformed BTC or ETH.

13 Sep 2020 - BUY THE DIP With These Altcoin Picks!! πŸ†

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Yearn Finance 36,748 93,435 May 12, 2021 2.54x 28,750 0.78x
2. Nexus Mutual 49.08 187.16 Nov 16, 2021 3.81x 122.51 2.50x
3. mStable 3.72 4.63 Feb 5, 2021 1.24x 0.661 0.178x
4. 0chain 0.247 2.68 Apr 21, 2021 10.9x 0.414 1.68x
Comparison to BTC 10,323 68,789 Nov 10, 2021 6.66x 46,723 4.53x
Comparison to ETH 365.57 4891.70 Nov 16, 2021 13.4x 3663.23 10.0x

0chain outperformed BTC if you sold at ATH, but overall you would be much better off buying BTC and ETH than buying these recommendations.

14 Dec 2020 - TOP Crypto Picks For 2021: MASSIVE Potential!! πŸš€

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Monero 152.68 483.58 May 9, 2021 3.17x 217.34 1.42x
2. Algorand 0.313 2.38 Sep 12, 2021 7.60x 1.60 5.11x
3. Theta 0.75 15.90 Apr 16, 2021 21.2x 4.76 6.35x
4. Injective Protocol 2.83 25.01 Apr 30, 2021 8.84x 8.54 3.02x
5. BarnBridge 27.89 88.16 Mar 14, 2021 3.16x 16.44 0.59x
Comparison to BTC 19,246 68,789 Nov 10, 2021 3.57x 46,723 2.43x
Comparison to ETH 586.01 4891.70 Nov 16, 2021 8.35x 3663.23 6.25x

This is the first time we see some of Coin Bureau's recommendations perform very well (Algorand, Theta, Injective). If you invested in all his recommendations equally, and you managed to sell near ATH, you would have outperformed the market.

8 Feb 2021 - These Altcoins Have INSANE Potential!! πŸ“ˆ

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Kusama 134.71 623.75 May 18, 2021 4.63x 280.46 2.08x
2. Thorchain 4.59 21.26 May 19, 2021 4.63x 6.80 1.48x
Comparison to BTC 46,196 68,789 Nov 10, 2021 1.49x 46,723 1.01x
Comparison to ETH 1746.62 4891.70 Nov 16, 2021 2.77x 3663.23 2.10x

Both of Coin Bureau's picks outperform BTC and ETH in terms of returns if you sold at or near ATH.

23 Feb 2021 - Privacy Coins: The HOTTEST Projects for 2021!! πŸ”

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Secret Network 3.63 10.64 Oct 28, 2021 2.93x 4.93 1.36x
2. Tornado Cash 355.84 382.66 Feb 23, 2021 1.08x 38.66 0.109x
Comparison to BTC 48,824 68,789 Nov 10, 2021 1.41x 46,723 0.96x
Comparison to ETH 1570.20 4891.70 Nov 16, 2021 3.12x 3663.23 2.33x

Both projects didn't perform as well as BTC and ETH regardless of when you sold.

8 May 2021 - TOP Staking Coins With Most Potential in 2021!! πŸ’°

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Polygon 0.848 2.92 Dec 27, 2021 3.44x 2.48 2.92x
2. Terra 16.98 103.33 Dec 27, 2021 6.09x 83.72 4.93x
3. Polkadot 39.83 55.00 Nov 4, 2021 1.38x 27.05 0.679x
4. Binance Coin 646.10 690.03 May 10, 2021 1.07x 516.77 0.801x
5. Ethereum 3902.65 4891.70 Nov 16, 2021 1.25x 3663.23 0.939x
Comparison to BTC 58,803 68,789 Nov 10, 2021 1.17x 46,723 0.795x

This video came out at a very unfortunate time. The whole market had a big correction, and alts were hit very hard. However, all the alts Coin Bureau recommended have either been comparable to or outperformed BTC so far.

10 Aug 2021 - TOP Altcoin Picks 2021 Q3: SOLID Potential!! πŸ’―

Cryptocurrency Price at video release / $ ATH / $ Date of ATH Returns if you sold at ATH Current price / $ Returns if you sell now
1. Ethereum 3141.69 4891.70 Nov 16, 2021 1.56x 3663.23 1.17x
2. Cardano 1.67 3.10 Sep 2, 2021 1.86x 1.34 0.802x
3. Solana 40.64 260.06 Nov 6, 2021 6.40x 173.86 4.28x
4. Polygon 1.16 2.92 Dec 27, 2021 2.52x 2.48 2.14x
5. Terra 16.75 103.33 Dec 27, 2021 6.17x 84.34 5.04x
Comparison to BTC 45,585 68,789 Nov 10, 2021 1.51x 46,723 1.02x

Coin Bureau's recommendations performed extremely well, with all of them except Cardano outperforming BTC regardless of when you sold.

Conclusion

The majority of Coin Bureau's recommendations that came out in 2021 performed well in comparison to BTC and ETH. From the data we have, many of his recommendations are profitable in the short term (usually a couple of months). However, Coin Bureau hasn't been around for long enough to prove that he can pick out good long term projects (at least a few years). Overall, I think the data shows that if you want to diversify into alts, Coin Bureau's recommendations are generally a decent choice if you're too lazy or don't have the time to DYOR.

TLDR

Coin Bureau's recommendations are generally profitable in the short term (usually a couple of months). However, one year's worth of data really isn't that much, and I think you should always have more in BTC and ETH than in any of these recommendations combined.



Submitted December 30, 2021 at 01:23AM by myphoneislaggy https://ift.tt/3mGAPDG https://ift.tt/2Z7cX2s

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