My current alt bags - then and now
Below is a look at the BTC value of the alt-coins I bought mainly in 2017-2018, their current BTC value and percentage drop...
|Shitcoin||Value then||Value now||Percent Drop|
In total I only made 0.1 BTC's worth of alt-coin purchases in 2017-18 - and since then my bags are down 76% on average, down to 0.025 in value.
TBH this isn't as bad as I thought it would be - given that BTC is down around 40% now compared to when I made these purchases.
So if I hadn't have bought any of these alts, I'd be around 0.075 BTC better off - it hardly feels significant!
NB I'm only showing what I've held onto, in some cases I bought a lot more of these alts and sold some at a profit, covered my purchase and what you see is the surplus.
I also bought some other alts and sold all of them, so overall I may have even made a BTC profit on some of these trades, I dunno TBH!
If I was to add the buy ins of the pre-Hive token I made during 2017-2018 then that would be more than 0.1 BTC spent on alts, but even though I bought 1000s of pre-Hive at a terrible price (in retrospect) I don't regard those tokens as part of my 'bags', so I'm not counting them here!
My Social media/ application tokens seem to have held up the best?
I'm not going to pretend to know much about these coins - but I do know that sc is some kind of social media type coin, NEO is an application token I know, and I've had a dig around on the MANA platform and I know you can buy 'land' and build and sell things on there, so maybe this bodes well for Hive?
Overall this wasn't as bad as I thought, but these are just the coins I've got sitting on Bittrex atm, I've got a few more shitcoins kicking around elsewhere, some disastrous ERC20 tokens mostly, It'll take me a bit longer to drag up the will to see how much they're not worth anymore!
What's in your bags?
I'd love to know!
Posted Using LeoFinance