I have been wondering if Hive or BTC is a better investment.
This resulted in me digging out some historical daily closed data from Coinmarket cap to run a simple simulation.
Basically, I imagine I invested $1000 into Hive and another $1000 into BTC on Jan 21, 2023. I would get 2590.67 Hive at $0.380/HIVE and 0.04 BTC at $22,777.63/BTC.
Then I calculated, for each day, how much I would gain in USD if I sold them all at the daily closed price. This was done for both assets. The Hive Value and BTC Value showed the respective calculations.
Once I got these calculations, I plotted them out as follows.
What the chart shows above is that, if I had invested on Jan 21, 2023, $1000 for both assets, most of the time my ROI in Hive outperforms BTC for the days that follow.
I haven't figured out how to more efficiently calculate for different start dates, but the above charts will do for now. Clearly, there were days when I should liquidate Hive to buy BTC to gain more in value.
At the moment the ROI seems close to each other.
If you have ideas on how to improve this calculation, please let me know. :)
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!