【】
If you bought a lot Bitcoin in 2011, you'd be rich now.
But if you bought Bitcoin a year ago, or even a month ago...well, let's just say your portfolio would be a pretty sad sight.
Which is why it's funny that cryptocurrency exchange Coinbase still has this chart on its webpage.
Ouch.Credit: CoinbaseThe chart, featured quite prominently on Coinbase's site and noticed recently by Dogecoin creator Jackson Palmer, tracks the performance of an imaginary $100 investment in Coinbase Bundle, a sort of fund that tracks the prices of the top 5 cryptocurrencies by market cap, listed on Coinbase: Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.
SEE ALSO:Crypto's black Wednesday: Where do we go from here?Unfortunately, not one of these coins performed very well in the last week, month or year.
You could, however, set the chart to "all," which starts the timeline at Jan. 4, 2013, and turns the imaginary $100 into $12,530.18. But Coinbase Bundle launched in September, so there was no way to buy into it in 2013.
Tweet may have been deleted
In any case, kudos to Coinbase for still having the courage to keep that chart online.
As for Palmer, his comments from January, at the height of the crypto bubble, feel prescient now that the prices have plummeted.
"While it's great to see mainstream enthusiasm for cryptocurrency, I think the high valuations and inflated market caps serve more to distract from the real goal of these projects than anything," he wrote at the time. "My one hope is that when that does happen and people lose large sums of money, the negativity in the market doesn't stifle technological innovation or interest in digital currency from the mainstream."
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Featured Video For You
This space heater mines bitcoin while keeping your house warm
TopicsCryptocurrency
相关文章
Darth Vader is back. Why do we still care?
They saved the best for last in the first official trailer for Rogue One: A Star Wars Story, release2025-01-18True hero sneaks grandma's dog into hospital by disguising it as a baby
A good granddaughter has to do what she has to do, even if that means breaking a hospital's 'no pets2025-01-18Lindsay Lohan takes a page out of GOOP's book and launches her own lifestyle site
Lindsay Lohan wants to help you live your best life, but only if you're willing to shill out a few b2025-01-18Pretty Little Liars finale unmasks A.D. and ends with a cliffhanger
Spoiler warning: This recap contains plot details for the Pretty Little Liars series finale, titled2025-01-18Carlos Beltran made a very interesting hair choice
Apparently the Texas Rangers' Carlos Beltran is taking hair advice from another Carlos in sports --2025-01-18How the internet helped two friends to confess their love for each other
Falling in love can be scary, but having a little reassurance that your crush feels the same is the2025-01-18
最新评论