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CNN

5 reasons why you should care about the crisis in Venezuela (and the election)

May 21, 2018 |

You’ve seen news reports about chaos gripping Venezuela, but maybe you haven’t paid much attention to what’s going on. Here are five reasons why you should.
CNN.com – RSS Channel – Regions – Americas

TMZ

Jonny Fairplay: ‘Survivor’ Contestants Who Broke NDAs Should Lose Prize Money

May 16, 2018 |

One of the best ‘Survivor’ contestants/lying scoundrels thinks producers should go easy on the 2 dimwits who broke their NDAs before airtime … but says they still gotta pay. We spoke to Jonny Fairplay of season 7 fame — known for lying about his…

TMZ.com

Trump CIA pick Gina Haspel says agency should not have conducted enhanced interrogation program

May 15, 2018 |

Gina Haspel, President Trump’s pick to lead the CIA, admitted the agency should not have conducted its enhanced interrogation program.
FOX News

TMZ

Master P Says He Should Be the Next Raptors Coach, Here’s Why

May 14, 2018 |

Master P says he’s the perfect man to take the reins up in the north, now that Dwane Casey’s been fired … and he’s stating his case to TMZ Sports. Before you even start wondering … P’s serious … he’s been angling for an NBA coaching job…

TMZ.com

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

May 13, 2018 |

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

With seemingly endless new altcoins claiming that they will change the world whilst generating exorbitant returns for investors, it can be highly informative to sometimes get a bird’s eye view of longer-term altcoin performance by digging through the annals of Coinmarketcap’s historic snapshots. When looking at a historic snapshot from May 12th, 2013, by far the best cryptocurrency purchase one could have made was bitcoin.

Also Read: Markets Update: Cryptocurrencies Lose Steam During the Weekend

BTC Top Performing Market Since May 12th, 2013

5 Years Ago You Should Have Bought Bitcoin, Not AltcoinsAccording to the snapshot, bitcoin had a market capitalization of just 1.293 billion on the 12th of May, 2012. Back then, the circulating supply was just over half of it maximum total, with approximately 11.14 million coins in circulation.

The price was just $ 116.07 USD, however, had just gained by approximately 40% in ten days – with the bounce comprising a recovering rally following the fallout from the early-2013 bubble that saw many Cypriots charge into the bitcoin markets seeking refuge from the harsh structural adjustment policies imposed by the European Union and International Monetary Fund.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

Of all fourteen cryptocurrency markets listed on Coinmarketcap on May 12, 2013, bitcoin has since far outperformed its rivals, gaining by approximately 7175% in the last five years.

LTC Only Altcoin Still Ranked in Top Ten by Market Capitalization

Of the markets listed on the 2013 snapshot, Litecoin is by far the altcoin with the largest market capitalization today (approximately $ 7.94 billion as of this writing). At the time of the snapshot, the then second largest cryptocurrency had a total market capitalization of just $ 59.1 million, and a circulating supply of roughly 17.5 million.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

At the current prices of roughly $ 140.55, LTC has made gains of 4,083% during five years. Whilst Litecoin’s market dominance has since eroded, LTC is still the sixth largest cryptocurrency by market cap – making it the best performing altcoin from May 12, 2013.

Only 50% of Crypto Markets Are More Valuable Today Than They Were 5 Years Ago

The third highest performing crypto market since the snapshot is the then twelfth largest by market cap, Ixcoin. At the time of the snapshot, Ixcoin was priced at approximately $ 0.015. With IXC current trading for $ 0.193096, Ixcoin’s value has inflated by 1177% in the last 5 years. IXC’s capitalization has grown from $ 191,294 to approximately $ 4 million, ranking it 677th by market cap.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

At the time of the snapshot, Peercoin was the third largest market by capitalization (approximately $ 4.72 million), with PPC trading for roughly $ 0.25. Currently priced at $ 2.56, PPC has since gained 924%. Peercoin has been among the most enduring of May 2013’s crypto markets, currently comprising the 198th largest market with a capitalization of $ 63.3 million.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

The then fourth largest cryptocurrency, Namecoin, has offered investors a modest return of approximately 130% since the snapshot, gaining in price from $ 0.853 to $ 1.96. NMC’s is now the 309th largest market, having grown from a capitalization of $ 4.70 million to $ 28.8 million today.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

Feathercoin, the then ninth largest cryptocurrency market, has gained from $ 0.1256 to $ 0.169727 – a meager 35.1% increase in five years. Feathercoin is now the 278th largest market, with FTC’s capitalization growing from to $ 821,341 to $ 34 million.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

The then seventh largest market, Novacoin, has gained by only 15.5% in five years, increasing in value from $ 3.54 to $ 4.09. NVC is now the 550th largest market with a capitalization, growing from almost $ 1 million to roughly $ 8.5 million.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

46% of Altcoins Have Lost More Than 80% of Their Value

Nearly half of the altcoins included in the snapshot – many of which promised that they would change the world whilst making investors rich – have since lost more than 80% of their value.

The then fifth largest cryptocurrency market, Terracoin, has dropped nearly 81% from $ 0.4 to 0.164. It is ranked 694th by market cap, after gaining from approximately $ 1 million to $ 3.74 million.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

At the time of the snapshot, Freicoin was the eighth largest crypto market with a capitalization of $ 882,374. Since then, FRC’s capitalization has actually shrunk to a meager $ 203,719 (approximately 24 BTC) – ranking it 1,152nd by market cap. The price has also decreased by 84.5%, falling from $ 0.0424 to $ 0.00658.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

The market cap of the then eleventh ranked market, Mincoin, has also shrunk – dropping from $ 230,012 to $ 169,379 (approximately 20 BTC). Now ranked 1,170th, MNC has also shed nearly 83% of its value, with prices falling from $ 0.220779 to $ 0.037906.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

23% of Altcoins Trading on the 12th of May, 2013 Now Appear Dead

Nearly a quarter of the altcoins included in the snapshot now appear dormant.

Data for the then sixth largest crypto market, Devcoin, stops on November 24th, 2017 – with the last recorded price of $ 0.000023 comprising an approximately 90% drop from $ 0.000223.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

The most recent price for then tenth ranked market, CHNCoin, was recorded on boxing day last year – CHNCoin having then dropped by nearly 99% in five years, falling from $ 0.1 to just $ 0.001222.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

And lastly, but certainly not least, data for then thirteenth ranked market, BBQCoin, also ended on the 24th of November – with BBQ’s final price of $ 0.000458 comprising a 95% loss in value from $ 0.0091.

5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

What was your opinion of cryptocurrency in 2013? Did you risk it all on BBQCoin? Tell us in the comments section below!


Images courtesy of Shutterstock, Coinmarketcap


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The post 5 Years Ago You Should Have Bought Bitcoin, Not Altcoins appeared first on Bitcoin News.

Bitcoin News

German official: Athens, Skopje should solve name spat soon

May 10, 2018 |

A senior German official has urged Macedonia and Greece to resolve a decades-long name dispute that has kept the former Yugoslav republic out of NATO and hindered its efforts to join the European Union.
FOX News

We Should All Be Worried About Barnes & Noble

May 7, 2018 |

Barnes & Noble is in real danger of disappearing, and that has David Leonhardt of the New York Times worried. This isn’t just a case of a corporate giant being unable to keep up with the new age, he writes. It’s the result of a misguided government policy about monopolies…
Newser

Study Shows How Many Spaces Should Be Used After a Period

May 6, 2018 |

A heated debate on the merits of more or less sentence spacing may have been put to rest. A study has found that two spaces are better than one between sentences, the Washington Post reports. The study, from researchers at Skidmore College in Saratoga Springs, NY, sought to settle the…
Newser

TMZ

Bill Cosby Accuser Says He Should be Raped in Prison

April 30, 2018 |

Bill Cosby ought to get some “eye-for-an-eye” justice when he goes to prison — he should get raped … so says one of his accusers. Former Playboy model Victoria Valentino didn’t mince words when we asked her what she thinks the…

TMZ.com

You Should Probably Throw Your Chopped Romaine Away

April 20, 2018 |

“Consumers anywhere in the United States who have store-bought chopped romaine lettuce at home, including salads and salad mixes, should not eat it and should throw it away, even if some of it was eaten and no one has gotten sick. If you do not know if the lettuce is…
Newser