I'm delighted to introduce myself to this community. My name is Matthew and I've joined Steemit to share ideas and become part of something I really believe in.
I'm an actuary by profession and I've recently been introduced to the world of digital currencies and to say it has peaked my interest is a serious understatement.
What I hope to offer this community are regular digestible updates of analysis I carry out that might help and inform enthusiasts and traders of digital currencies.
I, like many others I’m sure, have been captivated by the spectacular growth witnessed in the prices of digital currencies in the last 18 months and I truly believe we are only seeing the beginning of this rise.
I have a strong interest in data analytics and I want to use my experience to understand and share my understanding of what drives digital currency price movements. I would also like to share interesting statistics around digital currencies.
As an introductory example, I thought it would be interesting to investigate the following simple what-if scenario…
If I invested $1000 in either of the 10 largest digital currencies by market cap on the 1st of May, what would the value of my holding be if I had closed out my position yesterday (10th May 2017).
The table below answers this question and illustrates the unbelievable returns that have been seen across the most prominent digital currencies available to investors.
Moving outside of the above list, if you had been fortunate enough to put some money on Stellar Lumens (number 30 in terms of market cap as at May 1st), you would be looking at a $5020 profit! Not bad for a 10 day return.
The above illustration is just a fun fact. I plan to provide more detailed analysis and hopefully some nuggets of information that will allow us to make some informed predictions.
I hope you enjoy and benefit from what I plan to share and I look forward to becoming a part of this great community.
Hello Matthew, welcome to Steem! :-)
Thanks for welcome!
Upvoted and following you;
Welcome to the future brother! 🤝 @scan0017
Welcome to Steemit Matthew. Stephen
I hope to see some tutorials about data analysis in your posts , welcome to the community.
Thanks meysam, the pressures on :)
Hi @bitgeek welcome to Steemit ,looking forward to read your post, enjoy your time on Steemit and have fun !
Thanks @Olisan, looking forward to making a contribution (hopefully)
Welcome to Steemit. Thanks for the calculations, be aware that this type of return is not typical. Timing is everything and the past 3 months have seen so much money flow into crypto and Alt coins particularly. I may be wrong but this is a once in a decade increase.
Hi @stephens-somers. Yes, I think May has been pretty extraordinary. I personally feel that the overall market cap - $55bn - is still so small for what it is and the potential it has. It hasn't become mainstream yet and I think when it does it will be in the trillions. The question is when.
Of course this is literally the Million dollar question. Where to from here up or down?
Welcome! I expect a few people have done very well from the markets lately, but with a different start date your results may have been very different. I've been playing the long game by earning Steem here and it's looking like that may pay off.
Very true! The volatility is pretty scary. I expect the long game has served you well.
Thanks for the comment.
I don't have the nerves to gamble on the market. I may not get rich, but I'll try to ensure I have enough for my needs. Money isn't everything ;)
10 Fiat dollars says you use currency and not money. We will see if the blockchain stands the test of time. It has a good odds atm.
Welcome to Steemit.
Thanks Ed
Nice intro, I share a passing interest in your specialist topic :)
Welcome bitgeek!
Never knew about Stellar Lumens.
Missed that boat too...
But hey, we have Steem now! :)
Me too! hindsight is a wonderful thing. I need to build up some Steem!
welcome :) I like your user name
Cheers @rmach.
Great post. Welcome to Steemit !
Thanks @dimitrya123
Welcome to Steemit, Matthew!
Thanks for the welcome, @alinabarbu
Welcome. Hope to see your another post soon. :)
Thanks @bontonstory, hope to get one out shortly.
Welcome to the new platform. If you have any questions, feel free to contact.
Thanks @sirwinchester, will do.
Welcome to the community.. Happy Steeming :)
Thanks for the welcome, @iamsgr.
Welcome to steemit @bitgeek. You will do great here
Thanks for the greeting @gringalicious
Hey Mathew, Welcome to Steemit :)
Welcome! I enjoyed your market analysis and look forward to more of your posts in the near future!
Thanks @makecents, glad you enjoyed it. The first of many, hopefully!
Welcome to steemit Matthew! Looking forward to see your posts! 😃
Thanks @pipurilla
Great intro @bitgeek. Enjoy the ride here! See you around :-)
Many thanks, @bart2305
nice post
Cheers
:)
Welcome to Steemt.
Nice post. Hope read more about you in the near future.
Greetings from Mexico.
Thanks @neuerko
Welcome to steemit Matthew!
Nice to see that you are trading crypto. Good choice.
I reesteem you :) If you want we can make a mutual follow together.
Check this is the basic tools for trading I use, if you want to take a look it's here :
https://steemit.com/life/@jimy74/what-i-need-if-i-m-beginner-on-trading-cryptocurrencies
Hi jimy74, many thanks for the reesteem. Yeah, good idea! I'll have a read of that now. Thanks for sharing.
Fellow Actuary here too. Do you work in the investment track?
Hey, no I work in general insurance on the pricing side. One of my colleagues introduced me to all of this. It's addictive! Are you on the investment side?
No, I am on the health side. Though I wish I went to the investment side, then I would have got into the crypto investing earlier!
Welcome! I will be your follower @bitgeek.
welcome to steemit community @bitgeek , look forward of your post
Hi Matthew! That's a cool introduction. Your crypto affinity is a great reason and basis to join the platform which is full of "digital coin enthusiasts". Besides you have a really nice writing style. You'll surely have a good time here! Upvoted, resteemed and following.
Best of luck for your steemit journey!
PS: I also liked the little Matthew next to you :-) Is he crypto fan, too?
Many thanks @surfermarly, I really appreciate the comment and reesteem! He's definitely a crypto fan in the making alright 😀.
Haha, excellent! The next crypto generation though :)
You are welcome. Happy to see that your intro post is working well.
Bienvenido y suerte con tu estadía por Steemit ... Te sigo ya!
Gracias @ycam
welcome
Many thanks @paolobrneforti
Hello, looking forward to you input as I have no clue.
Thanks @the1pwcj
Welcome! I like your ideas for future posts! Following.
Many thanks @Stillwater
Hi Matthew, welcome to Steemit! It's a great space for sharing content you're passionate about... and a great overall supportive community.
Many thanks @denmarkguy, I really like what I see so far.
Welcome Sir!
Thanks @keevesaidore
Welcome sir....
Many thanks steemspoker, so you think we'll see a Pokerstars in the digital currency space soon? I play a bit on Stars.
Hi @bitgeek, for sure..... some projects already going on.
Peerplays and some other...
I play pokerstars and some betcoin.
yesterday I won 5 dollar pko , turbo 90 players
A very warm welcome to you...together we can!!!
Thanks for the welcome, @life-dailydose
Welcome!
Welcome to steemit, I am new here too. Having a hard timme to wrap my head around this concept. will be on a lookout for your analysis !!
Hello :)
You were kind enough to welcome me, so I want to do the same!