A quick observation before my hourglass runs out of sand. For about three weeks now, on spreadsheet, I have maintained my own ever-expanding record of assets. The spreadsheet has a few worksheets, each with its own criteria for including and adding assets.
For example, one worksheet lists the biggest gainers or the day. Another lists the biggest losers. Another worksheet lists the day’s assets with the highest buy-to-sell ratios. I’d like to create several more criteria-based worksheets. But the whole effort is increasingly time-consuming.
Here’s why. Each day I aim to add one or two assets at the bottom of the list. Today, for example, one of the highest buy-sell ratio assets was one called Gravity (G) with a 91 percent ratio. Its price for the day has risen only 1.8 percent.
Each list is ever-expanding—growing by one or two rows per day. So it’s increasingly difficult for me to update each one. I no longer update each worksheet every day. Currently the spreadsheet includes about 45 assets.
As an aside, I need to automate this process. I need to find an online “watchlist” platform where the prices are updated constantly, or at least daily. Somebody told me about Tradingview.com, which I need to investigate.
But here’s by big observation. Of the 45 or so assets listed on all the sheets, nearly all have been “losers” since I’ve been tracking them. At this writing, it appears that 5 have gained value. The other 41 or so have declined.
Notably, the biggest gainer is Onyxcoin (XCN) which has risen about 120 percent in five days. Its price has gone from about $.005 (about half a penny) to about $.012 (just over a penny.
Among the losers, the average decline appears to be about 8 percent. The average “hold” time has been about 10 days. This calls for further commentary.
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