Investing $100 when the main currency first landed on the exchange, how much is it now?

The data shows that bitcoin exceeds all other cryptocurrencies in terms of return on investment (ROI) from the time the exchange is launched. If you invested $100 in BTC in 2010, you are already a millionaire today.

Ethemeum-3818528_960_720

BTC's return on investment tells us why other currencies can only be called "competitive coins"

DataLight's chart is a perfect illustration of how impressive Bitcoin 's return on investment (ROI) over the past decade has been. If you buy bitcoin worth $100 in mid-2010, you will get $1.3 million today . Of course, the premise is that you can HodL. In contrast, all other cryptocurrencies were traded on the first time, and the return on investment was not as good as BTC.

D4cPd48U0AAhduO

Of course, Bitcoin has been traded for nearly three years when the first competitor, Litecoin, was launched on the exchange. However, due to the impact of the BTC market cycle, the price of Litecoin has a very different trajectory. LTC / USD reached a peak of around $35 in November 2013. The same price level was subsequently repeated in July 2017…and January 2019. This more reflects speculative rather than “digital silver” as a value store. But you bought a $100 LTC in 2013 and can now receive $1,320.

In contrast, Bitcoin will continue to climb higher highs after each bubble, making it the current leader in cryptocurrency.

Since its debut at the exchange in 2015, ETH has been the best performing competitor. A $100 investment in 15 years will now bring you a return of $68,000 . There is no doubt that this figure will be higher when the ETH price reaches its all-time high ($1,400) in January 2018.

At the same time, bitcoin forks like BCH performed poorly and have actually depreciated since birth .

BTC is the real king

In fact, almost every competitive currency will have a trading pair with BTC. It is undeniable that some of the competitive currencies have risen relative to BTC since their birth, especially in a shorter time frame. But as the saying goes: the faster they rise, the faster they fall. That's because their low market value is both good and bad. In a bull market, a lower market value means that prices can be raised more easily. Of course, when the bear market comes, a lot of selling will also smash the price.

However, in the longer time frame, it turns out that Bitcoin is the real king.

Think your favorite competitor can beat BTC? good luck

As a result, Bitcoin, as a truly unleased, decentralized and open source cryptocurrency, has attracted the most computing power and formed a powerful network effect, making it the safest blockchain available today. This in turn gives investors more confidence in Bitcoin. This means that bitcoin — not other cryptocurrencies — is the fact that people transfer value without trust.

That's why the US Securities and Exchange Commission is considering ratifying the Bitcoin ETF, not the ETFs of other cryptocurrencies. This is why Bitcoin derivatives are the first to enter the traditional market.

More importantly, it also emphasizes the possibility of the Lindi effect that the life expectancy of a technology is directly proportional to its current existence. If this is the case, then betting on "next bitcoin" looks more like gambling, and investing in bitcoin is a safer option.

Inter Heh, co-founder of InterchangeHQ, said:

“Do you think that the competitive currency you hold will beat Bitcoin in return? Good luck.”

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Why is the bitcoin trading volume of Korean first-tier exchanges difficult to recover?

Source: LongHash As the country with the third-largest crypto exchange in daily trading volume (after the United Stat...

Market

Wu's Weekly Picks: HSBC launches cryptocurrency ETF, US SEC rejects spot ETF application, Azuki criticized by community, and top 10 news (June 24-30)

Author | Wu's Top 100 Blockchain News This Week. US SEC Returns Spot ETF File According to WSJ, the US...

Blockchain

A picture to understand the difference between Bakkt's bitcoin futures and "traditional" futures

According to the delivery method, futures contracts are usually divided into cash delivery and physical delivery. At ...

Blockchain

Hacker's "honeypot": the exchange has been stolen 1.36 billion US dollars, accounting for 59.2% in 2018 alone

Bitrue, a Singapore-based cryptocurrency exchange, today announced a hacking attack that cost $4.3 million worth of X...

Blockchain

Who is the information of the user who sells the coin? What have the leaked information been taken?

While enjoying the convenience of the Internet, it also makes privacy data a step closer to streaking. Recently, many...

Blockchain

Will Upbit's $ 50 million loss bring Defi's "prosperity"?

The South Korean exchange was stolen again. Following the theft of a South Korean exchange at the beginning of the ye...