The data shows that starting from the line on the exchange,BitcoinExceeds all other cryptocurrencies in terms of return on investment (ROI).If you invested $100 in 2010BTCYou are already a millionaire today.
Btc’s return on investment tells us why other currencies can only be called “competitive coins”
DataLight's chart is a perfect illustrationBitcoinHow impressive is the return on investment (ROI) over the past decade.If you buy bitcoin worth $100 in mid-2010, you will get $1.3 million today.Of course, the premise is that you can HodL.In contrast, all other cryptocurrencies were traded on the first time, and the return on investment was not as good as BTC.
Of course, when the first competitive currencyLitecoinBitcoin has been traded for nearly three years when the exchange went live.However, due to the impact of the btc market cycle,LitecoinThe price has a very different trajectory.Ltc / usd reached a peak of around $35 in November 2013.The same price level was subsequently repeated in July 2017...and January 2019.This more reflects speculative rather than “digital silver” as a value store.But you bought $100 in 2013.LTCAnd now I can receive $1,320.
By contrast,BitcoinAfter each bubble, you will continue to climb higher highs, making it the current leader in cryptocurrency.
Since the debut of the exchange in 2015,ETHIt has always been the best performing competition currency.A $100 investment in 15 years will now bring you a return of $68,000.There is no doubt that this number will be higher when the eth price reaches its all-time high ($1,400) in January 2018.
At the same time, likeBCHSuch bitcoin forks have performed poorly and have actually been depreciated since their birth.
Btc is the real king
In fact, almost every competitive currency will have a trading pair with btc.It is undeniable that some of the competitive currencies have risen relative to btc since their birth, especially in a shorter time frame.But as the saying goes: the faster they rise, the faster they fall.That's because their low market value is both good and bad.In a bull market, a lower market value means that prices can be raised more easily.Of course, when the bear market comes, a lot of selling will also smash the price.
However, in the longer time frame, it turns outBitcoinIt is the real king.
Think your favorite competitor can beat btc? Good luck.
As a result, Bitcoin, as a truly unleased, decentralized and open source cryptocurrency, has attracted the most computing power and formed a powerful network effect, making it the safest blockchain available today.This in turn gives investors more confidence in Bitcoin.This means that bitcoin -- not other cryptocurrencies -- is the fact that people transfer value without trust.
That's why the US Securities and Exchange Commission is considering granting Bitcoin etf, not the etf of other cryptocurrencies.This is why Bitcoin derivatives are the first to enter the traditional market.
More importantly, it also emphasizes the possibility of the Lindi effect that the life expectancy of a technology is directly proportional to its current existence.If this is the case, then betting on "next bitcoin" looks more like gambling, and investing in bitcoin is a safer option.