Quote from: cAPSLOCK on Today at 01:18:42 PM

Quote from: ImThour on Today at 01:15:55 PM

Quote from: AlcoHoDL on Today at 11:03:00 AM

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name Value on 21-Aug-2017 Current Value Change
---------------------------------------------------------------
Bitcoin (BTC) $4,002 $37,111 +827%
Bitcoin Cash (BCH) $600 $283 -53%
Litecoin (LTC) $48 $103 +115%
Monero (XMR) $78 $144 +85%
Ripple (XRP) $0.19 $0.69 +263%
Stellar (XLM) $0.020 $0.18 +800%
IOTA (MIOTA) $0.91 $0.72 -21%
---------------------------------------------------------------
BTC 200-Week MA $689 $19,911 +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

Didn't added the biggest competitor of BTC in this list. I don't get it.

This part tells you why:

Quote

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene.

I mean that makes sense however I would love to see how ETH performed vs BTC in the same time period.
BTC is the digital gold, ETH is the way to disrupt traditional finance.
No one should hate the technology which drives with the same purpose.