Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlcoHoDL
on 21/09/2024, 05:43:03 UTC
⭐ Merited by d_eddie (1) ,Hueristic (1)
Funny to see BTC doing so well yet the Fear/Greed index is right in the middle, at 50%.

Crypto, crypto.  Roll Eyes

There are some coins (4 years old or older) that have outpaced Bitcoin in terms of performance since their inception (of course this means you needed to get in at Day 1 of trading):

BNB - by 21,000%
Solana - by 1,500%
Polygon - by 600%
Dogecoin - by 400%
TRON - by 350%
Ethereum - by 300%

Keeping at Bitcoin's pace:

Cardano (+3%)
Monero (-3%)

Left in the dust:

Stellar (-82%)
XRP (-85%)
Bitcoin Cash (-97%)
Tezos (-97%)
Litecoin (-98%)

Just for fun:

Tether (-99.69%)

Crypto or not, the one coin, other than Bitcoin, that I find very useful is Monero. Not for investment, not for HoDLing it, not for making you rich, but for actually using it for private transactions. It's a great way to protect your anonymity, and that's why it is the primary coin of choice in cases where privacy is important.

I find Monero to be a little diamond in a huge heap of shitcoin garbage. I don't hold many. I just buy and use, as needed.

As for other coins outperforming Bitcoin, I see this as a "division by zero" case. I.e., any coin starting at near-zero value could easily outperform Bitcoin (or any other coin) when it reaches a non-zero price (x/0 = ∞). I think, perhaps, a better way to assess performance would be to let the coin run for some time (a year?) and start from there (x_now/x_1yr). It would be interesting to assess and compare coin performance in this way. Which coin would win?