A story about Fred, the MMXIV ProspectorI already
mentioned Fred in the Maieuticoin ANN thread but figured this deserved its own separate thread to discuss. Let's analyze his situation a little further.
Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Fred purchased 20 MMXIV from
Bittrex on Dec 14, 2014 at a price of 0.019 BTC per MMXIV. The $USD value of his MMXIV at that time was $134.01 and the
BTCBTC value of his wallet was 0.38 BTC. He immediately transferred these MMXIV to his personal wallet and began staking.
Based on MMXIV's
2014% annual interest rate, compounded daily, by January 14, 2015 his wallet now contains
90.76 MMXIV, more than quadruple the coins he started with. His ending MMXIV $USD wallet value is
$263.97 or BTC1.34The price of BTC/MMXIV
dropped by 22.17%The price of BTC/USD
dropped by 44.23%The $USD value of Fred's MMXIV wallet
increased by 96.98% from $134.01 to $263.97
The
BTCBTC value of Fred's MMXIV wallet
increased by 253.18% from 0.38 BTC to 1.34 BTC
One month. Despite price drop of MMXIV/BTC. Despite BTC value almost cut in half. Almost double return on investment.
If you doubt any of this, the raw data used to perform these calculations can be found here Tried accessing that raw data you linked, but I got an error message:
The address isn't valid
The URL is not valid and cannot be loaded.