NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Coinoindex – Dow-Jones Index for Cryptocurrencies

newsbtc
newsbtc
7 years ago
2 mins read
LLvU nX

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrencies are very new but even in several years of existence thousands of coins have been created, some of them are already gone but some are quite stable and can be called crypto “blue-chips”. There are about 20-30 coins with a market capitalization of above 1 mil USD and significant daily trading volume. But of course Bitcoin trumps all the other cryptocurrencies in market capitalization and trading volume (currently all altcoins market cap is about 15% of the Bitcoin market capitalization).

So an idea to compare top cryptocurrencies to Bitcoin emerges quite naturally, let’s take top 20 altcoins, make a portfolio out of them, and see how the portfolio value fares in comparison to BTC.

Building such a portfolio, we create an analogue of Dow-Jones index for cryptocurrencies. Dow-Jones index has been launched more than 100 years ago, and is composed of top 30 US stocks (picture here). Coinoindex.com has been launched in summer 2015 and already had its ups and downs too, reaching 1300 value is summer and dropping to around 800 currently (real time value can be tracked at Coinoindex.com).

Initial Coinoindex value was 1000, so it can be seen that investing in major altcoins one could have made 30% profit several months ago or suffer 20% loss by now.  Strong trends can be observed in the chart, summer rise (probably due to many Chinese investors moving to alts from Chinese stock market), and current bear market.

On the other hand it’s clear that the Index is much less volatile than the coins it is composed of, take a look at BTC or ETH or LTC for example. This is the main reason why the market Indexes investment exists, dozens of mutual funds invest in the portfolios based on major market indexes such as S&P or Dow-Jones. The reasoning behind this is making secure profits when the market is on the rise, without the risks of picking  a wrong stock to invest in.

So another natural idea emerges – let’s trade the altcoin index :). This idea is already realized, the Index can be traded at Poloniex.com: https://poloniex.com/exchange#btc_index (against Bitcoin) and at NXT asset exchange (against NXT). Basically traders are able to trade the current altcoins market trend, not a specific coin. Investing in 20 top coins at the same time might be less lucrative than investing in a coin which is about to skyrocket, but is much more secure.

Current portfolio composition, selection rules, index value and exchange prices are posted at http://coinoindex.com. Next bull market might be not so far ahead, so it might be a good opportunity to start trading the top 20 portfolio now.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. Luposian says:
    10 years ago

    I’m interested in investing into CoinoIndex, as long as someone else (or a site, automatically) can manage it for me, handling payout of dividends and such. But if there is to much risk, I’ll pass.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Luposian says:
    10 years ago

    I’m interested in investing into CoinoIndex, as long as someone else (or a site, automatically) can manage it for me, handling payout of dividends and such. But if there is to much risk, I’ll pass.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Cryptocurrency has been around for years, but most people still can’t use it to buy their morning coffee. That’s starting...

ericdunne519 11 hours ago
Bitcoin

The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead

According to recent data, public companies have raced ahead of Bitcoin spot ETF issuers by snapping up more than twice...

Christian Encila 12 hours ago
buy bitcoin Arthur Hayes

Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes

Arthur Hayes has published a new essay, “Quid Pro Stablecoin,” arguing that the United States’ sudden political enthusiasm for bank-issued...

Jake Simmons 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Coiling Up

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

Aayush Jindal 21 minutes ago

Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

Christian Encila 3 hours ago
Bitcoin

TD9 Setup On Bitcoin Price Chart Suggests It Could Take 4 Years To Reach $149,000 — Details

Scott Matherson 6 hours ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    4 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    10 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    11 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    11 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.