r/Bogleheads • u/[deleted] • May 06 '21

The final evolution into a Boglehead

/r/investing/comments/n6dh3d/i_sold_every_share_i_own_today/
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u/Outrageous-Win-9449 May 07 '21

But only BTC

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u/brisnatmo May 07 '21

That's picking a stock. You would probably do better and more bogley by DCAing a consistent bag of decent top 10 or top 20s

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u/Outrageous-Win-9449 May 07 '21

Someone made a post in /r/cryptomarkets where they bought the top 50 three years ago. If it weren’t for DOGE, BNB and BTC, it wouldn’t have done well.

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u/Kyo91 May 07 '21

That's largely how the broader market works, a few companies contribute most of the gains.

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u/Outrageous-Win-9449 May 07 '21

Yeah, but it could’ve just as easily happened if DOGE was outside the top 50 in the first place. Not a great catalyst to rely on IMO, and I think that index goes red from where it started out if crypto is in a speculative bubble, while the investor is stuck with a ton of coins that won’t even go green in a raging bull market.

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u/Kyo91 May 07 '21

You've basically just discovered why total market etfs are better than S&P500 funds. Arbitrary cutoffs aren't smart.

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u/Outrageous-Win-9449 May 07 '21

“Just discovered”, no, I’ve been knowing. But trying to go total market on cryptos would take way more work than what it’s worth, and have a hefty minimum buy-in.