Before anyone starts the well I earned my tokens or received them in an airdrop, that's not the point of this, it's looking at it solely from putting a certain amount of money in at any point and holding it as long as possible.
I am not talking about trading, I am not talking about adding it to liquidity pools, I am simply focusing on comparing two purchases you could have made and which one would have stored your purchasing power best over the given period provided.
I mean isn't that the point of digital assets to hold some sort of value, and shouldn't the altcoins be trying to outpace bitcoin, if not what is the reason for their existence?
Leo (WLEO)
I know this is not the ideal data, but Steemleo/Leo did not have a listing prior to having a representative token on Ethereum. But we work with what we've got, and since its launch, at 1603 sats on 28 September 20020.
It's been pretty much a tumble down to 447 sats, a slightly over 70% loss in value if you've purchased and held the token till now.
For those who still think in fiat, let's do a simple $100 calculation.
- If I put $100 into Leo when it was wrapped you would have 574 LEO
- If I put $100 into BTC on the same date I would have 0.00936241 BTC or 934 241 sats
Based on a price of $41 220 per bitcoin
BTC = $385,27
Based on a price of $0.18 per LEO
LEO = $105,73
Cubfinance (CUB)
CubFinance kicked off with a price of 6383 sats, as of 11 April 2021, today it's hovering around 382 sats. That would be a 99.94% loss if you had purchased it on day one and held it until now
For those who still think in fiat, let's do a simple $100 calculation.
- If I put $100 into CUB when it was launched you would have 25.64 POLYCUB
- If I put $100 into BTC on the same date I would have 0.00260132 BTC or 260 132 sats
Based on a price of $41 220 per bitcoin
BTC = $107,05
Based on a price of $0.29 per CUB
CUB = $7.43
PolyCub (PCUB)
PolyCub data states that it peaked at launch with a value of 10 000 sats per token on 08 March 2022, to its now pretty much-obliterated value of 718 sats per token.
A massive 99.92% loss in value since its launch if you purchased on day one and held it until now.
For those who still think in fiat, let's do a simple $100 calculation.
- If I put $100 into PolyCub when it was launched you would have 574 LEO
- If I put $100 into BTC on the same date I would have 0.00936241 BTC or 934 241 sats
Based on a price of $41 220 per bitcoin
BTC = $385,27
Based on a price of $0.18 per LEO
LEO = $105,73
Bitcoin can't be beat
If you simply purchased any amount of bitcoin and held it, you would have done better, because bitcoin is NGU technology, that cannot be replicated.
So while this can be fun and games, a way to spend your time earning a few tokens to play around with and learning how to become comfortable with technology, as for an investment it gets an F.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, "I am a Jessie."
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