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Inverse r/cc Long/Short Index

All Cryptocurrencies

by COINS NEWS 84 Views

Gm reddit, to test the whole inverse r/cc meme I've decided to do a fun little experiment. I've placed $5000 in a fresh bybit subaccount. I will market long 5 coins that reddit hates, and market short 5 coins that reddit likes, based on the very brief research I've done. All positions will be equally sized at $1000 per coin. This experiment will only consider alts, no BTC/ETH. There will be no rebalancing of positions, and I plan to hold these trades open at least until February. Then on Feb 1, i will decide to either end the experiment, rebalance the index, or add/remove certain coins based solely off reddit sentiment. I will try to give updates on this on the daily discussion thread at least once a week

Here is the list of coins and the respective entries

Hated coins (longs)

TRX ($0.10961) - there is no crypto personality more hated on this sub than Justin Sun

SOL ($108.531) - this coin used to be universally hated by this sub, now sentiment is much more divided. still think this coin deserves a spot in the hated coins list due to comments on this thread (https://www.reddit.com/r/CryptoCurrency/s/ibuLekkktb)

BCH ($264.05) - pretty much any btc/eth fork is viewed negatively by this sub. ETC and BSV also fall under this category

AXS ($9.063) - reddit hates the gamefi narrative, this could be any p2e gaming coin but Axie seems like the most popular

PEPE ($0.0014195) - of course we have to include a memecoin (that isnt DOGE) here

For the shorts - i used mainly this thread and took the coins with the highest upvotes/most mentions and comments (https://www.reddit.com/r/CryptoCurrency/s/oa40NfI5IF)

ADA ($0.6144)

ALGO ($0.2272)

DOT ($8.512)

LRC ($0.3417)

XMR ($169)

And here are some scuffed screenshots of the positions:

https://imgur.com/a/jmXWhfq

submitted by /u/nevermindthebbb
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