My not so shitty as I thought they might be investments - a quick look at my alt bags
@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...
| Shitcoin | Value then | Value now | Percent Drop |
|---|---|---|---|
| PAY | 0.00804594 | 0.000294 | 96.35 |
| ENG | 0.0121413 | 0.0009723 | 91.99 |
| SALT | 0.0199338 | 0.001996 | 89.99 |
| PWR | 0.00188511 | 0.00021294 | 88.70. |
| RDD | 0.001104 | 0.000168 | 84.78 |
| WAV | 0.01093932 | 0.00230034 | 78.97 |
| ADA | 0.0050784 | 0.00133344 | 73.74 |
| ANT | 0.00718 | 0.00216138 | 69.90 |
| MANA | 0.0284 | 0.00996431 | 64.91 |
| NEO | 0.01 | 0.00474112 | 52.59 |
| SC | 0.00196 | 0.00115529 | 41.06 |
| Total | 0.10666787 | 0.02529912 | 76.28 |
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
