|
Title: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on March 15, 2014, 10:23:02 AM This thread is to promote indices for altcoins (like Dow Jones and SP500 for traditional stock market)
Why using indices: 1) easy to estimate market trends on the whole 2) stability 3) say 'no' to more and more new coins which are destroying altcoins market idea. Using Indexes means dealing only with fixed number of coins included. There are ALT19 index (19 cryptocoins included, values are in BTC) and ALT100 index (100 cryptocoins included, values are in USD). alt19.com/marketindexes.html (http://alt19.com/marketindexes.html) If you know any other altcoin market indexes, post it here, please. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: drakoin on March 15, 2014, 02:34:18 PM Interesting idea. Charts? Please publish your data in CSV, too. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: Disastrus on March 15, 2014, 02:41:25 PM great initiative!
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: kelsey on March 15, 2014, 02:45:47 PM I've been looking at ways to promote a core group of cryptos as 'bluechip', something to separate them from the packs of zillions, though I don't think like regular markets it be based purely on market cap, need certain standards also to separate the scams.
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: Praeconium on March 18, 2014, 09:18:10 AM Quote ALT19 Index calculating Care to share why % are fixed?7 constant coins included: Litecoin - 20% Namecoin - 12% Novacoin - 7% Terracoin - 7 % Peercoin - 7 % Feathercoin - 7 % Primecoin - 7 % + 12 variable coins (Worldcoin, Quark, Doge, Digital... a composition is changeable but it's weighted to match previous index values when there is any change) Calculating is in BTC. First value is 100. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on March 18, 2014, 10:41:59 AM This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy.
But price absolute values are extremely different so you need some coefficients. Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have. If traded on BTC-e and also on Cryptsy - more weight. And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index. And there is also ALT100 index where 100 coins included with 1% weight each. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: Praeconium on March 19, 2014, 07:52:27 PM This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy. Ok, coefficient is clear but why is it fixed if You claim that initial basing is on large volume? What if volume changes? How will You adjust for %?But price absolute values are extremely different so you need some coefficients. Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have. If traded on BTC-e and also on Cryptsy - more weight. And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index. And there is also ALT100 index where 100 coins included with 1% weight each. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: bitinlet on March 19, 2014, 08:50:01 PM I've thought of this too over the past few months, but the weights should not be fixed. Let me see if I can come up with something exact. I have a formula in my head.
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on March 20, 2014, 07:42:30 AM This index is being calculated since 2013 so when it started it was based on coins that were traded with large volumes on BTC-e and Cryptsy. Ok, coefficient is clear but why is it fixed if You claim that initial basing is on large volume? What if volume changes? How will You adjust for %?But price absolute values are extremely different so you need some coefficients. Besides some coins are more important (Litecoin, Namecoin...) so more weight in % they have. If traded on BTC-e and also on Cryptsy - more weight. And % were fixed at the beginning. It was necessary to calculate ratios. That's about ALT19 index. And there is also ALT100 index where 100 coins included with 1% weight each. The general idea of indexes: to compare, to see trend history relative to the value at the beginning. If we include new and new coins or change weights every time, there will be no stability. You see how new coins are dumping altcoin market now. Using Indexes means dealing only with fixed number of coins included. About % weight: there may be some corrections in future if things change. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on April 08, 2014, 06:56:47 AM Interesting idea. Charts? Please publish your data in CSV, too. new! data in CSV and CHARTS http://alt19.com Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: HCLivess on April 08, 2014, 08:53:30 AM Well since you cannot buy these indexes (you don't have to, because there are no fees), I do not see any reason behind this effort. But thank you anyway.
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on June 16, 2014, 10:48:50 AM Things changed since December and there are some changes in ALT19 and ALT100 Index calculation made also to match your ideas, suggestions.
It became more transparent and usable. Now you can view not only the charts http://www.alt19.com (http://www.alt19.com) but also all the components: alt19.com/marketindexes.html (http://alt19.com/marketindexes.html) Thanks to everyone for your support! Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on October 06, 2014, 06:12:50 PM Several months ago I've added some new altcoin market indexes.
Some results are quite unexpected. I mean how prices changed since it was first calculated. The worst is ALT_INNOVATIVE index (the components of the index are coins with innovative features). It dropped to 10.744 (the first value was 25 at the end of June 2014). Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on October 06, 2014, 06:16:22 PM for comparison, ALT_Collectibles dropped to 18.29 only.
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on October 06, 2014, 06:20:33 PM ALT_WORLD (coins with geographic associations, like Spaincoin, Auroracoin, AMC...) now is 13.94
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on October 06, 2014, 06:27:23 PM ALT_ANIMALS, ALT_JEWELS, ALT_BTCE now are around 25, like they were before.
All these new indexes are with a base value of 25, first calculated in June 2014. So the worst are ALT_WORLD (nothing strange) and ALT_INNOVATIVE (that is quite unexpected). Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on May 11, 2015, 10:21:17 PM Altcoin Indices Today:
ALT_GALAXY 30.569 ALT_JEWELS 19.983 ALT_ANIMALS 13.818 ALT_INNOVATIVE 10.180 Coins with galaxy and gem theme succeeded last year. Note: Marscoin (+697% today on Poloniex) is not included in ALT_GALAXY index. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: tokeweed on May 12, 2015, 12:21:04 AM This is a good idea. Minus the crapcoins though.
Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: shanem on May 12, 2015, 03:02:56 PM This can be difficult to implement.
Many of the altcoins are just shit and it will take a huge market cap and a pump to get an altcoin into top 100. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: alt19 on May 12, 2015, 06:34:51 PM This can be difficult to implement. Many of the altcoins are just shit and it will take a huge market cap and a pump to get an altcoin into top 100. Not all coins are for wide adoption and payments. Some of them are just collectables, but it's not bad. ALT indices (ALT100 particularly) help to trade Litecoin, it shows altcoin market trend. Top 100 market cap coins are not a good base for Altcoin index, in my opinion, in this case index base will vary too often and will affect trend history relative to the value at the beginning. Title: Re: ALT coin Indexes, like Dow Jones or SP500, but for crypto coins Post by: Zer0Sum on May 12, 2015, 07:43:02 PM Quote ALT19 Index calculating Care to share why % are fixed?7 constant coins included: Litecoin - 20% Namecoin - 12% Novacoin - 7% Terracoin - 7 % Peercoin - 7 % Feathercoin - 7 % Primecoin - 7 % + 12 variable coins (Worldcoin, Quark, Doge, Digital... a composition is changeable but it's weighted to match previous index values when there is any change) Calculating is in BTC. First value is 100. As someone who has designed Alt indices... this approach is worthless. You are locking coins that were relevant in 2013... Because you are too lazy to develop a "rolling index" that would actually track the Alt Market. All market indices remove stocks every month... and add stocks every month... Your index is the equivalent of weighting "pets.com" from 2001 at 7% in 2015. Also, you obviously do not trade interesting new coins... where all the action is. |