My not so shitty as I thought they might be investments - a quick look at my alt bags

in LeoFinance2 months ago

@trumpman's recent 'My Shitty Investments challenge' encouraged me to have a look at my alt bags, something I've been putting off for far too long.

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...

ShitcoinValue thenValue nowPercent 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?

Final thoughts

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


The neo should be paying you GAS... they have a steady payout for that and most platforms actually give that to you, not sure about bittrex though
ADA is cardano, they are ready to launch staking as well

I have a few of those as well and in decent positions but did not buy at the top so I am quite happy, and since most are staking I have been making a decent extra here and there

Oh that's interesting to know, where d'you stake your NEO?

I use the zion wallet but I know binance and kucoin pay them out as well

Oh OK that is interesting, cheers!


Hey @felander, here is a little bit of BEER from @revisesociology for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

An appropriate column name there :)

Well that's not so bad, I also didn't do too badly with alts and have only held Bitshares as part of the manna/other shitcoins drop which is still on-going.

I'd forgotton about Bitshares, I wonder how those BEOS tokens, or whatever they were are doing?!?

That's the one - they are still trickling into my wallet, I think there is another year to go yet!

I remember my first dip into Etherium, .. I had no idea what it was but someone we know told me that anything under a thousand dollars for Etherium was a bargain, so I bought one just as it was in the $900 range. Still, I hope I get to thank him for his tip one day. :-) .... ill be writing separately on my shit investment from back in the .com day. (what a mess).


I wasn't even aware it went up that high!

But I know you bought a bunch much cheaper, so at least that'll bring your average down!

not sure but I think it was up there at about $1200 at some point, .. maybe higher, ... ill be very pleased indeed when it gets back there, ... recent news VISA looking to accept Bitcoin/Etherium/XRP as a method of payment. ( would it have been so hard of them to say 'Hive' in the same breath?) .... bah 😏

I wouldn't worry about Hive not getting publicity, I think we all know that a BTC bull run is the most likely chance for a price increase!

You are aware you have a tidy amount of Blurt btw:

ill have to look into that 💲👀