I am reposting this article to Steem because I think it would be of interest to the Steem community. Read the original by Rhett Creighton on Medium
Tone Vays actually had a lot of great content in his 8-video “CryptoScam” series. Despite his excellent reporting, there was a huge bull market in the altcoins this past year which seemed to happen coincidentally just after he produced his videos.
Mostly tounge-in-cheek, and to demonstrate just how difficult it is to predict market prices, I decided to check the results of a simple trading strategy: What if you had put $1,000 in every “Scam”, on the day that Tone Vays released his video? The results are below.
CryoptoScam #1 — Bitcoin
Release Date: Jan 24, 2017
Price on Release Date: $907
Price Today: $4233
Profit on $1,000 investment: +$3,667
CryptoScam #2 — OneCoin
Release Date: Jan 18, 2017
Price on Release Date: ???
Price Today: $0
Profit on $1,000 investment: -$1000
CryptoScam #3 — Litecoin
Release Date: Jan 30, 2017
Price on Release Date: $3.95
Price Today: $51
Profit on $1,000 investment: +$11,911
CryptoScam #4 — Dash (w/ Fluffy Pony)
Release Date: Feb 3, 2017
Price on Release Date: $16.99
Price Today: $301
Profit on $1,000 investment: +$16,716
CryptoScam #5 — Augur
Release Date: Jan 17, 2017
Price on Release Date: $4.26
Price Today: $19.06
Profit on $1,000 investment: +$3,474
CryptoScam #6 — Ripple
Release Date: Feb 16, 2017
Price on Release Date: $0.006
Price Today: $0.22
Profit on $1,000 investment: +$35,667
CryptoScam #7 — Manipulation (Gold and Stocks)
Release Date: Feb 20, 2017
Price on Release Date: $1238 (GOLD)
Price Today: $1274
Profit on $1,000 investment: +$29
CryptoScam #8 — Ethereum
Release Date: May 2, 2017
Price on Release Date: $78
Price Today: $293
Profit on $1,000 investment: +$2,756
Conclusion and Totals
Given the show-by-show breakdown above, we see that if you followed the simple strategy of investing $1,000 in each “Scam” on the day each video was released, you would have a grand total of $81,221 today, for a return of more than 10x.
The only investment that would have lost money was OneCoin. It’s not entirely clear if it was even possible to invest in OneCoin at the time of the video, as Wikipedia says they shut down some time in January, but we’ll still give Tone credit for that one.
If you ignore Gold and Bitcoin, and only put money in the 6 other “Scams”, you would be left with $76,554, for a 12.76x return on your $6,000 investment.