A story about Fred, the MMXIV Prospector
I already mentioned Fred in the Maieuticoin ANN thread but figured this deserved its own separate thread to discuss. Let's analyze his situation a little further.
Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Fred purchased 20 MMXIV from Bittrex on Dec 14, 2014 at a price of 0.019 BTC per MMXIV. The $USD value of his MMXIV at that time was $134.01 and the BTCBTC value of his wallet was 0.38 BTC. He immediately transferred these MMXIV to his personal wallet and began staking.
Based on MMXIV's 2014% annual interest rate, compounded daily, by January 14, 2015 his wallet now contains 90.76 MMXIV, more than quadruple the coins he started with. His ending MMXIV $USD wallet value is $263.97 or BTC1.34
The price of BTC/MMXIV dropped by 22.17%
The price of BTC/USD dropped by 44.23%
The $USD value of Fred's MMXIV wallet increased by 96.98% from $134.01 to $263.97
The BTCBTC value of Fred's MMXIV wallet increased by 253.18% from 0.38 BTC to 1.34 BTC
One month. Despite price drop of MMXIV/BTC. Despite BTC value almost cut in half. Almost double return on investment.
If you doubt any of this, the raw data used to perform these calculations can be found here
I already mentioned Fred in the Maieuticoin ANN thread but figured this deserved its own separate thread to discuss. Let's analyze his situation a little further.
Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Fred purchased 20 MMXIV from Bittrex on Dec 14, 2014 at a price of 0.019 BTC per MMXIV. The $USD value of his MMXIV at that time was $134.01 and the BTCBTC value of his wallet was 0.38 BTC. He immediately transferred these MMXIV to his personal wallet and began staking.
Based on MMXIV's 2014% annual interest rate, compounded daily, by January 14, 2015 his wallet now contains 90.76 MMXIV, more than quadruple the coins he started with. His ending MMXIV $USD wallet value is $263.97 or BTC1.34
The price of BTC/MMXIV dropped by 22.17%
The price of BTC/USD dropped by 44.23%
The $USD value of Fred's MMXIV wallet increased by 96.98% from $134.01 to $263.97
The BTCBTC value of Fred's MMXIV wallet increased by 253.18% from 0.38 BTC to 1.34 BTC
One month. Despite price drop of MMXIV/BTC. Despite BTC value almost cut in half. Almost double return on investment.
If you doubt any of this, the raw data used to perform these calculations can be found here