If you bought $100,000.00 OTC (Over-The-Counter) at spot (price at time of purchase) for some of the top performing cryptocurrencies of 2019 on 01/01/2019, how much profit would you make, if you market sold on 31/12/2019 .

First, lets identify our candidates;

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Coincodex is a great source for date range based performance of popular cryptocurrencies. The first requirement was YTD (Year-To-Date) positive performance for 2019. The next bias is based on what I consider to be popular cryptocurrencies, this is not a full exhaustive list, but I consider these top performers based on market sentiment and community engagement;

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Using coinmarketcap we take the historic open price for 01/01/2019 and we take the current price at time of writing for 31/12/2019

We calculate how many tokens we purchased for $100,000.00 OTC at spot on 01/01/2019 and what it would be worth of 31/12/2019.

Now here a disclaimer is required, you won’t practically market sell $100,00.00 worth of tokens, especially not on a single exchange, and even more so on a single pair. So this is honestly a worst case example of what you could do. But for purposes of this experiment, we want to calculate the impact of a market sell on the highest liquidity USD pair available.

To get this data we again would use coinmarketcap

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For SEELE, we can see this is Huobi Global SEELE/USDT, so we capture the orderbook at time of writing;

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For SEELE, we have 27,601,435.27 SEELE. The full buy side orderbook (as shown by the exchange) is 10,261,612.00 SEELE. Now again, a disclaimer here is required, this does not account for active buying/selling, nor does it account for hidden orders, or market making. This assumes a single market sell into the current active orderbook.

So for SEELE, we can sell 10,261,612.00, at an average price of $0.1203, for a total amount sold worth $1,234,276.64. We managed to sell 37.18% of our SEELE, but we also pushed the price down by -99.99%

So applying this same mechanic to all of the above listed coins, we find the following results (order book snapshots provided below)

Results

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Looking at the above results, we were unable to sell 100% of our original investment for

So profits (USD value sold minus our original investment of $100,000.00) ends up being negative for all but;

Which would mean, that the only coins that managed to outperform BTC based on liquidity and order book depth, would be;

The following markets would have been reduced to 0;

Conclusion: If we consider in market health, the only viable tokens that outperformed BTC would be;

With only BTC being completely unaffected by the $100,000.00 sold.

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Order Book Snapshots

SEELE/USD

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SNX/USD

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THETA/USD

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TOMO/USD

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VET/USD

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XTZ/USD

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RLC/USD

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REP/USD

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REN/USD

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QNT/ETH

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LOKI/ETH

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KCS/USD

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HT/USD

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HOT/USD

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FTM/USD

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DX/ETH

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DAG/USD

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CRO/USD

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BTC/USD

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BNB/USD

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BAT/USD

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