Conclusion

Despite many of the models proving they were able to predict cryptocurrency movement significantly better than the market, none of the models performed better that the market index over the month test period. This is partially due to trading fees of 0.10% and the simplicity of the trading strategy. Still, this implies that a simple buy and hold strategy would be the best strategy to maximize return on cryptocurrency investment. This is partially due to extreme growth experienced by the cryptocurrency industry over the past few months. More testing, as discussed in the previous section, would need to be done over a more extensive period of time in order come up with more conclusive results. Although, at least during past several months, being exposed to the cryptocurrency market in general would have been a very rewarding investment.