Overview bitcoin november
1 Again, the performance of the cryptocurrencies is contrast against the performance of the four major conventional currencies and the SP500 to provide a glimpse into the sustainability of the cryptocurrency risk-return patterns through longer periods of performance observation.ΔΆ. In this case, the examination is restricted to the only two cryptocurrencies that were publicly traded over this period the Bitcoin and the Litecoin. Lastly, the risk-return profile is extended to the past 3 years to obtain a sense of the long-term pattern of performance. This provides a more focused performance profile of cryptocurrencies versus more conventional investments. Second, the short-term performance of the largest four cryptocurrencies is contrasted with the performance of the largest four conventional currencies, and with the SP500 equity index. In addition, this provides an initial comparison of how these performance characteristics vary across the various cryptocurrencies.
Consequently, initially restricting the examination of cryptocurrency performance to the 2017 calendar year permits the inclusion of many of the new cryptocurrencies, which also provides a risk-return profile that is relevant to short-term investors. Many of the cryptocurrencies are relatively new and were introduced at some point during the year 2017. First, the risk-return characteristics of a broad array of cryptocurrencies are examined for a short holding period (i.e., the past year). This chapter is comprised of three sections.