[Contest][ALT] Best portfolio 2022

[DarkStar_]

What's happening to DarkStar_'s pick?

20. DarkStar_: $116.47
Mirrored Apple Price (1.40481007 MAAPL): $36.59
Mirrored Microsoft Price (0.74098225 MMSFT): $30.19
Mirrored Google Price (0.08518962 MGOOGL): $30.81
Mirrored Facebook Price (0.70803478 MFB): $18.88

Are the "Mirrored stocks" broken?

Pretty much. Mirror ran on the Terra blockchain, and took Terra's algorithmic stablecoin UST to be worth 1 USD. Last week, UST broke and depegged, taking down Terra with it. Mirror's pricing oracles seem to be taking 1 USD = 1 UST as fact, but 1 UST is now trading at $0.101 so stock pricing is broken (example: oracles are reporting $TWTR to be worth 38.23 UST (~= $3.84), while stock market pricing is $38.24 USD). Even if pricing was accurate taking the depeg into account, a lot of trust has been lost in Terra so most people are probably looking to get out.

I wasn't expecting to win this contest, but I certainly didn't expect that this would be the reason I'd end up in last  

[sam00]

Pretty much. Mirror ran on the Terra blockchain, and took Terra's algorithmic stablecoin UST to be worth 1 USD. Last week, UST broke and depegged, taking down Terra with it. Mirror's pricing oracles seem to be taking 1 USD = 1 UST as fact, but 1 UST is now trading at $0.101 so stock pricing is broken (example: oracles are reporting $TWTR to be worth 38.23 UST (~= $3.84), while stock market pricing is $38.24 USD). Even if pricing was accurate taking the depeg into account, a lot of trust has been lost in Terra so most people are probably looking to get out.

I wasn't expecting to win this contest, but I certainly didn't expect that this would be the reason I'd end up in last  

It's pretty ironic that you were the one to chose 'real life stocks' instead of crypto and now ended up with a broken price because of the underlying crypto/chain being somewhat broken

One would think that your pick would be less volatile (not as much as LoyceV's though) and here we are...

edit: even if trading volume and current price calculation is in such a bad state, it might recover until the end of the contest anyways

[LoyceV]

Pretty much. Mirror ran on the Terra blockchain, and took Terra's algorithmic stablecoin UST to be worth 1 USD. Last week, UST broke and depegged, taking down Terra with it. Mirror's pricing oracles seem to be taking 1 USD = 1 UST as fact, but 1 UST is now trading at $0.101 so stock pricing is broken (example: oracles are reporting $TWTR to be worth 38.23 UST (~= $3.84), while stock market pricing is $38.24 USD). Even if pricing was accurate taking the depeg into account, a lot of trust has been lost in Terra so most people are probably looking to get out.

When pegging a stock to crypto, I would assume that when someone buys a "crypto stock" the organisation behind it buys the real stock and keeps it. If that happened, the stock must still be there! Who's taking the profit now? If it didn't happen, it was a ponzi from the start.

[Halab]

When I look at the graph



And if we make a comparison with a roller coaster, I see LoyceV and Darkstar_ like this :

[LoyceV]

And if we make a comparison with a roller coaster, I see LoyceV and Darkstar_ like this :

Lol
My ride is indeed very boring. The only "excitement" was when Waves bubbled up, but it popped again.
Just 2 days ago I checked how DarkStar_ was doing:

Thu Jun  2 00:00:01 UTC 2022 (see source for daily updates)

7. DarkStar_: $349.46
Mirrored Apple Price (1.40481007 MAAPL): $160.19
Mirrored Microsoft Price (0.74098225 MMSFT): $173.81
Mirrored Google Price (0.08518962 MGOOGL): $7.96
Mirrored Facebook Price (0.70803478 MFB): $7.50

It dropped more than 90% again:

Sat Jun  4 00:00:01 UTC 2022 (see source for daily updates)

20. DarkStar_: $31.72
Mirrored Apple Price (1.40481007 MAAPL): $7.33
Mirrored Microsoft Price (0.74098225 MMSFT): $8.77
Mirrored Google Price (0.08518962 MGOOGL): $8.12
Mirrored Facebook Price (0.70803478 MFB): $7.50

Weird: the CoinGecko links above don't show a price anymore, it shows "No active trades are found for this coin.". I checked my script, but couldn't easily figure out where the values shown here come from.

I still wonder who has the actual stock:

When pegging a stock to crypto, I would assume that when someone buys a "crypto stock" the organisation behind it buys the real stock and keeps it. If that happened, the stock must still be there! Who's taking the profit now? If it didn't happen, it was a ponzi from the start.

[n0nce]

I still wonder who has the actual stock:

When pegging a stock to crypto, I would assume that when someone buys a "crypto stock" the organisation behind it buys the real stock and keeps it. If that happened, the stock must still be there! Who's taking the profit now? If it didn't happen, it was a ponzi from the start.

I don't actually understand the concept of mirrored stocks, since the value is far from the stocks' actual value.

AAPL: 145.36
MSFT: 270.01
GOOGL: 2,290.29
FB: 190.67

[sam00]

I don't actually understand the concept of mirrored stocks, since the value is far from the stocks' actual value.

AAPL: 145.36
MSFT: 270.01
GOOGL: 2,290.29
FB: 190.67

Usually they should be backed by the actual stock or they would be 1/10th of an actual stock for example. If they aren‘t actually backed then it‘s just as sus as TUSD was

Theres coins like these on other chains that actually work pretty good (can think of an algorand project from the top of my head).

[LoyceV]

Weird: the CoinGecko links above don't show a price anymore, it shows "No active trades are found for this coin.". I checked my script, but couldn't easily figure out where the values shown here come from.

I guess I spotted it just when they removed the price. This is today's data:

Sun Jun  5 00:00:02 UTC 2022 (see source for daily updates)

20. DarkStar_: $0.00
Mirrored Apple Price (1.40481007 ): $0.00
Mirrored Microsoft Price (0.74098225 ): $0.00
Mirrored Google Price (0.08518962 ): $0.00
Mirrored Facebook Price (0.70803478 ): $0.00

DarkStar_ hit rock bottom

I'd stand a decent chance at winning if crypto is bearish while tech stocks continue pumping.

The world changed quite a bit in just 5 months

I still wonder: what happened to the actual stock? Did they pull a Madoff?

I don't actually understand the concept of mirrored stocks, since the value is far from the stocks' actual value.

See 5 posts up.

Updated graph:

[DarkStar_]

Sun Jun  5 00:00:02 UTC 2022 (see source for daily updates)

20. DarkStar_: $0.00
Mirrored Apple Price (1.40481007 ): $0.00
Mirrored Microsoft Price (0.74098225 ): $0.00
Mirrored Google Price (0.08518962 ): $0.00
Mirrored Facebook Price (0.70803478 ): $0.00

DarkStar_ hit rock bottom

I think this is more impressive than winning the competition 

I'd stand a decent chance at winning if crypto is bearish while tech stocks continue pumping.

The world changed quite a bit in just 5 months

I still wonder: what happened to the actual stock? Did they pull a Madoff?

There never was any real stock backing these mirrored tokens - I don't think the SEC would approve of any company trying to do that. I haven't looked too closely into how they actually worked, but my rough understanding is that they worked sort of like a perpetual futures contract that tries to use something similar to funding rates in order to incentivize people to long/short the stock depending on the price of the token relative to the actual stock.

[n0nce]

Mirror ran on the Terra blockchain, and took Terra's algorithmic stablecoin UST to be worth 1 USD. Last week, UST broke and depegged, taking down Terra with it. Mirror's pricing oracles seem to be taking 1 USD = 1 UST as fact, but 1 UST is now trading at $0.101 so stock pricing is broken (example: oracles are reporting $TWTR to be worth 38.23 UST (~= $3.84), while stock market pricing is $38.24 USD). Even if pricing was accurate taking the depeg into account, a lot of trust has been lost in Terra so most people are probably looking to get out.

I wasn't expecting to win this contest, but I certainly didn't expect that this would be the reason I'd end up in last 

Wow... I mean I'm not surprised, but I don't get how people continue to trust these types of projects; since they always seem to go down sooner or later anyway.
Like, what's the use of a 'peg' if it can just be 'depegged'? If there were real stocks behind those 'mirrored stocks' (that someone buys for you when you buy the 'stablecoin version' of it), only then would it really be pegged and (as long as the 'someone' doesn't steal them from you) can't really be depegged, correct?

[LoyceV]

Like, what's the use of a 'peg' if it can just be 'depegged'? If there were real stocks behind those 'mirrored stocks' (that someone buys for you when you buy the 'stablecoin version' of it), only then would it really be pegged and (as long as the 'someone' doesn't steal them from you) can't really be depegged, correct?

That is what I expected (and would love to see), but it looks like it was just another ponzi

[LoyceV]

It's been a while, so here's an update:


Fri Jul 22 00:00:01 UTC 2022 (see source for daily updates)

1. LoyceV: $1000.31
Tether Price (500.71000679 USDT): $500.58
USD Coin Price (400.00000000 USDC): $399.67
Binance USD Price (50.03812905 BUSD): $50.01
TrueUSD Price (50.08835586 TUSD): $50.05

2. Bitcoin: $499.81
Bitcoin Price (0.02158895 BTC): $499.81

3. xandry: $452.41
Banano Price (11091.21101384 BAN): $79.12
Mysterium Price (555.23105385 MYST): $188.03
Storj Price (142.04545455 STORJ): $95.56
Polygon Price (98.81422925 MATIC): $89.70

4. mole0815: $441.43
Fantom Price (88.88888889 FTM): $29.46
Cronos Price (358.11616572 CRO): $48.15
Monero Price (1.31044424 XMR): $197.72
Pirate Chain Price (285.71428571 ARRR): $166.10

5. Buchi-88: $351.95
IOTA Price (145.98540146 MIOTA): $43.76
Waves Price (20.60439560 WAVES): $117.37
Tezos Price (45.87155963 XTZ): $76.87
Bitpanda Ecosystem Price (275.22935780 BEST): $113.95

6. an@sha: $345.94
Dogecoin Price (2932.00103206 DOGE): $205.08
1inch Price (104.60251046 1INCH): $71.99
Theta Network Price (31.77966102 THETA): $39.97
Compound Price (0.49957536 COMP): $28.89

7. Yabes: $282.37
Conflux Price (999.96000160 CFX): $58.66
Litecoin Price (1.70532060 LTC): $98.94
Covalent Price (694.66755816 CQT): $81.75
PancakeSwap Price (12.72264631 CAKE): $43.03

8. Little Mouse: $282.15
Enjin Coin Price (193.05019305 ENJ): $118.91
Polkadot Price (7.47943156 DOT): $56.26
KuCoin Price (9.32400932 KCS): $94.69
Render Price (21.69197397 RNDR): $12.28

9. elma: $251.23
Alchemist Price (1.07991361 MIST): $4.88
Polkadot Price (9.34928945 DOT): $70.33
Shiden Network Price (258.06451613 SDN): $86.14
NEAR Protocol Price (20.53388090 NEAR): $89.88

10. -doubleU-: $247.72
Cardano Price (152.67175573 ADA): $76.34
IOTA Price (145.98540146 MIOTA): $43.76
Avalanche Price (2.73647724 AVAX): $68.52
XAYA Price (724.01509813 CHI): $59.10

11. GrosWesh: $233.18
Casper Network Price (3489.30527932 CSPR): $108.59
CHEQD Network Price (1024.30155438 CHEQ): $48.40
Hathor Price (125.78616352 HTR): $19.78
Internet Computer Price (8.17995910 ICP): $56.41

12. Saint-loup: $232.10
Atari Price (6802.58887096 ATRI): $25.44
Flow Price (28.12148481 FLOW): $52.86
Polygon Price (79.05138340 MATIC): $71.76
Dogecoin Price (1172.80041283 DOGE): $82.03

13. perl: $227.00
Anchor Protocol Price (73.09941520 ANC): $8.80
BEAM Price (430.30963360 BEAM): $78.67
Avalanche Price (2.28039770 AVAX): $57.10
Orchid Protocol Price (680.29247134 OXT): $82.43

14. chem96: $223.53
Algorand Price (240.96385542 ALGO): $84.07
Anchor Protocol Price (73.09941520 ANC): $8.80
BEAM Price (344.24770688 BEAM): $62.94
FireBot Price (132.74336283 FBX): $67.72

15. MishaMuc: $221.99
IOTA Price (291.97080292 MIOTA): $87.52
Solana Price (1.46886016 SOL): $63.40
Floshin Price (45547711227.51080000 FLOSHIN): $14.09
Bitpanda Ecosystem Price (137.61467890 BEST): $56.98

16. Halab: $204.76
Ethereum Price (0.02712674 ETH): $42.74
Ultra Price (222.92993631 UOS): $77.58
Gods Unchained Price (80.64516129 GODS): $37.40
The Sandbox Price (34.01360544 SAND): $47.03

17. sam00: $204.08
Defi Warrior Price (51616.84608682 FIWA): $12.43
Elrond Price (1.04663820 EGLD): $58.84
Enjin Coin Price (96.52509653 ENJ): $59.45
Holo Price (33814.81115781 HOT): $73.36

18. 1miau: $154.81
JOE Price (212.26415094 JOE): $86.58
BENQI Price (1330.76938432 QI): $21.38
Algorand Price (60.24096386 ALGO): $21.02
Sherpa Price (435.93803402 SHERPA): $25.83

19. MinoRaiola: $105.99
Elemon Price (384.61538462 ELMON): $6.57
Verasity Price (11598.25724587 VRA): $64.93
Anyswap Price (5.91016548 ANY): $26.35
DeRace Price (27.70083102 DERC): $8.14

20. DarkStar_: $0.00
Mirrored Apple Price (1.40481007 ): $0.00
Mirrored Microsoft Price (0.74098225 ): $0.00
Mirrored Google Price (0.08518962 ): $0.00
Mirrored Facebook Price (0.70803478 ): $0.00

[sam00]

It's been a while, so here's an update:

Thanks for the update @LoyceV! We really appretiate it!

Things aren't looking really good for pretty much all of us (especially @DarkStar_) and sitting at spot #17 I doubt that I could even make a comeback this year. Even those that shortly outperformed your stable coins or the bitcoin price itself are now all sitting way below that :/

[n0nce]

It's been a while, so here's an update:

...

Pretty amazing how even with Bitcoin losing exactly 50% of its USD-denominated value, it's still number 2 and outperformed all altcoin portfolios.
Goes to show yet again, how risky it is to invest in alts instead of Bitcoin...

[Danydee]

 Why did you not choose Luna ?? 

[LoyceV]

Why did you not choose Luna ?? 

Sheer luck

Or this:

if anything, it should show how little I care about altcoins

I didn't even know Luna back then, I just searched CoinMarketCap for "USD".

[sam00]

@LoyceV I hope you don't mind me hijacking your reports:

As of today, we are all in a terrible spot, except LoyceV, more than doubling every single prediction out there made by other participants.

The next bullrun and altcoin hype has to happen soon or LoyceV will cry for sure:

Let me be clear: I don't want to win this, if I win this I'm going to cry

---------------------------------------------------------------------------------------------------------------------------------------------

Sat Sep 10 00:00:01 UTC 2022 (see source for daily updates)

1. LoyceV: $1001.53
Tether Price (500.71000679 USDT): $501.05
USD Coin Price (400.00000000 USDC): $400.28
Binance USD Price (50.03812905 BUSD): $50.06
TrueUSD Price (50.08835586 TUSD): $50.14

2. Bitcoin: $461.83
Bitcoin Price (0.02158895 BTC): $461.83

3. xandry: $409.36
Banano Price (11091.21101384 BAN): $64.24
Mysterium Price (555.23105385 MYST): $177.38
Storj Price (142.04545455 STORJ): $79.62
Polygon Price (98.81422925 MATIC): $88.12

4. mole0815: $408.76
Fantom Price (88.88888889 FTM): $24.28
Cronos Price (358.11616572 CRO): $43.09
Monero Price (1.31044424 XMR): $209.11
Pirate Chain Price (285.71428571 ARRR): $132.28

5. Buchi-88: $323.27
IOTA Price (145.98540146 MIOTA): $42.68
Waves Price (20.60439560 WAVES): $96.90
Tezos Price (45.87155963 XTZ): $75.51
Bitpanda Ecosystem Price (275.22935780 BEST): $108.18

6. an@sha: $320.71
Dogecoin Price (2932.00103206 DOGE): $187.71
1inch Price (104.60251046 1INCH): $68.95
Theta Network Price (31.77966102 THETA): $37.77
Compound Price (0.49957536 COMP): $26.29

7. elma: $266.44
Alchemist Price (1.07991361 MIST): $3.23
Polkadot Price (9.34928945 DOT): $72.64
Shiden Network Price (258.06451613 SDN): $91.56
NEAR Protocol Price (20.53388090 NEAR): $99.00

8. Little Mouse: $265.93
Enjin Coin Price (193.05019305 ENJ): $105.84
Polkadot Price (7.47943156 DOT): $58.11
KuCoin Price (9.32400932 KCS): $89.78
Render Price (21.69197397 RNDR): $12.20

9. Yabes: $262.87
Conflux Price (999.96000160 CFX): $55.60
Litecoin Price (1.70532060 LTC): $104.51
Covalent Price (694.66755816 CQT): $47.66
PancakeSwap Price (12.72264631 CAKE): $55.09

10. Saint-loup: $229.30
Atari Price (6802.58887096 ATRI): $24.39
Flow Price (28.12148481 FLOW): $59.34
Polygon Price (79.05138340 MATIC): $70.50
Dogecoin Price (1172.80041283 DOGE): $75.08

11. -doubleU-: $229.21
Cardano Price (152.67175573 ADA): $76.80
IOTA Price (145.98540146 MIOTA): $42.68
Avalanche Price (2.73647724 AVAX): $55.82
XAYA Price (724.01509813 CHI): $53.90

12. chem96: $220.65
Algorand Price (240.96385542 ALGO): $78.30
Anchor Protocol Price (73.09941520 ANC): $11.32
BEAM Price (344.24770688 BEAM): $65.43
FireBot Price (132.74336283 FBX): $65.60

13. perl: $217.04
Anchor Protocol Price (73.09941520 ANC): $11.32
BEAM Price (430.30963360 BEAM): $81.79
Avalanche Price (2.28039770 AVAX): $46.52
Orchid Protocol Price (680.29247134 OXT): $77.41

14. GrosWesh: $209.84
Casper Network Price (3489.30527932 CSPR): $98.25
CHEQD Network Price (1024.30155438 CHEQ): $38.85
Hathor Price (125.78616352 HTR): $14.69
Internet Computer Price (8.17995910 ICP): $58.05

15. MishaMuc: $202.96
IOTA Price (291.97080292 MIOTA): $85.37
Solana Price (1.46886016 SOL): $51.07
Floshin Price (45547711227.51080000 FLOSHIN): $12.43
Bitpanda Ecosystem Price (137.61467890 BEST): $54.09

16. Halab: $199.70
Ethereum Price (0.02712674 ETH): $46.66
Ultra Price (222.92993631 UOS): $92.79
Gods Unchained Price (80.64516129 GODS): $26.90
The Sandbox Price (34.01360544 SAND): $33.35

17. sam00: $192.53
Defi Warrior Price (51616.84608682 FIWA): $9.41
Elrond Price (1.04663820 EGLD): $56.39
Enjin Coin Price (96.52509653 ENJ): $52.92
Holo Price (33814.81115781 HOT): $73.81

18. 1miau: $130.14
JOE Price (212.26415094 JOE): $51.40
BENQI Price (1330.76938432 QI): $15.28
Algorand Price (60.24096386 ALGO): $19.58
Sherpa Price (435.93803402 SHERPA): $43.89

19. MinoRaiola: $102.22
Elemon Price (384.61538462 ELMON): $3.73
Verasity Price (11598.25724587 VRA): $58.28
Anyswap Price (5.91016548 ANY): $32.35
DeRace Price (27.70083102 DERC): $7.85

20. DarkStar_: $0.00
What is Crypto Market Cap? (1.40481007 ): $0.00
What is Crypto Market Cap? (0.74098225 ): $0.00
What is Crypto Market Cap? (0.08518962 ): $0.00
What is Crypto Market Cap? (0.70803478 ): $0.00

[LoyceV]

@LoyceV I hope you don't mind me hijacking your reports:

Please do, that's what it's for!

20. DarkStar_: $0.00
What is Crypto Market Cap? (1.40481007 ): $0.00
What is Crypto Market Cap? (0.74098225 ): $0.00
What is Crypto Market Cap? (0.08518962 ): $0.00
What is Crypto Market Cap? (0.70803478 ): $0.00

Apparently, I can no longer fetch the name from Coingecko. I'm not going to fix that bug anymore, we know what it is.

I've updated the graph:

[DarkStar_]

20. DarkStar_: $0.00
What is Crypto Market Cap? (1.40481007 ): $0.00
What is Crypto Market Cap? (0.74098225 ): $0.00
What is Crypto Market Cap? (0.08518962 ): $0.00
What is Crypto Market Cap? (0.70803478 ): $0.00

Apparently, I can no longer fetch the name from Coingecko. I'm not going to fix that bug anymore, we know what it is.

I thought that this was some kind of joke at first before realizing that the listing from Coingecko is now completely gone  

Why did you not choose Luna ??  

Sheer luck

Or this:

if anything, it should show how little I care about altcoins

I didn't even know Luna back then, I just searched CoinMarketCap for "USD".

Maybe next time you can choose USDD (Tron's pseudoclone of Terra) and we can watch Tron implode together  

[Halab]

Hi LoyceV,

Just to tell you that there is a little problem with 1Miau since October 1st because one of its tokens has been deactivated (Sherpa). The total is 0 when it should not be

19. 1miau: $0.00

Code:

[url=https://www.coingecko.com/en/coins/joe]JOE Price[/url] (212.26415094 JOE): $46.68 
[url=https://www.coingecko.com/en/coins/benqi]BENQI Price[/url] (1330.76938432 QI): $12.30 
[url=https://www.coingecko.com/en/coins/algorand]Algorand Price[/url] (60.24096386 ALGO): $21.29 
[url=https://www.coingecko.com/en/coins/sherpa]What is Crypto Market Cap[/url] (435.93803402 ): $0.00 

No hurry.