Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today!
You posted the numbers yourself... price-wise ION underperforms even the granddaddy of all coins BTC, not to mention top altcoins, and that's just 2017. Looks far worse if you go back to the ICO.
Math gets wonky when you start including or excluding arbitrary components, like staking or forks, or fudge the cost basis like Shark is doing.
And that's before we even get to assessing the risk of a 100%-premined, 75%-team-owned, centralized, opaque, illiquid coin. I guess "shitcoin" covers all that, just being more specific here.
I think a great number of coins underperformed BTC, doesn't mean they are worthless.
Just because the math gets wonky doesn't mean the math doesn't work out, just harder to prove without putting private specifics on a public forum. I purchased one third of my coins (vague I know) on 2-16-2017 for .05 average cost. Sitting at $3.25 now. Can't see that as being a loss no matter how I try to spin it.
I think the risk is there for any coin, setting a risk factor score would be an interesting idea for a startup? Kind of like FICO, but we call it KINKY. Krypto INcome Kost Yearnings. What is your KINKY score Mr. ICO?
