How much would you have made trading the opposite of Tone Vays’s CryptoScam videos?
Tone Vays actually had a lot of great content in his 8-video “CryptoScam” series. Despite his excellent reporting, there was a huge bull market in the altcoins this past year which seemed to happen coincidentally just after he produced his videos.
Mostly tounge-in-cheek, and to demonstrate just how difficult it is to predict market prices, I decided to check the results of a simple trading strategy: What if you had put $1,000 in every “Scam”, on the day that Tone Vays released his video? The results are below
This post was taken from https://medium.com/@heyrhett/how-much-would-you-have-made-trading-the-opposite-of-tone-vayes-cryptoscam-videos-d29527cc336d and updated with new prices.
CryoptoScam #1 — Bitcoin
Release Date: Jan 24, 2017
Price on Release Date: $907
Price Today: $14,913.30
Profit on $1,000 investment: +$15,442
CryptoScam #2 — OneCoin
Release Date: Jan 18, 2017
Price on Release Date: ???
Price Today: $0
Profit on $1,000 investment: -$1000
CryptoScam #3 — Litecoin
Release Date: Jan 30, 2017
Price on Release Date: $3.95
Price Today: $258.75
Profit on $1,000 investment: +$64,506
CryptoScam #4 — Dash (w/ Fluffy Pony)
Release Date: Feb 3, 2017
Price on Release Date: $16.99
Price Today: $1,131.38
Profit on $1,000 investment: +$65,590
CryptoScam #5 — Augur
Release Date: Jan 17, 2017
Price on Release Date: $4.26
Price Today: $74.32
Profit on $1,000 investment: +$16,446
CryptoScam #6 — Ripple
Release Date: Feb 16, 2017
Price on Release Date: $0.006
Price Today: $1.36
Profit on $1,000 investment: +$225,666
CryptoScam #7 — Manipulation (Gold and Stocks)
Release Date: Feb 20, 2017
Price on Release Date: $1238 (GOLD)
Price Today: $1290
Profit on $1,000 investment: +$42
CryptoScam #8 — Ethereum
Release Date: May 2, 2017
Price on Release Date: $78
Price Today: $740.65
Profit on $1,000 investment: +$8,495
Ponzi Scheme or Paradigm Shift?#9 —Steem & SBD
STEEM
Release Date: Aug 19, 2016
Price on Release Date: $1.42
Price Today: $2.86
Profit on $1,000 investment: +$1,014
STEEM DOLLAR (SBD)
Release Date: Aug 19, 2016
Price on Release Date: $0.95
Price Today: $740.65
Profit on $1,000 investment: +$7,084
Conclusion and Totals
Given the show-by-show breakdown above, we see that if you followed the simple strategy of investing $1,000 in each “Scam” on the day each video was released, you would have a grand total of $403,285 today, for a return of more than 40x.
The only investment that would have lost money was OneCoin. It’s not entirely clear if it was even possible to invest in OneCoin at the time of the video, as Wikipedia says they shut down some time in January, but we’ll still give Tone credit for that one.
If you ignore Gold and Bitcoin, and only put money in the 8 other “Scams”, you would be left with $387,801, for a 48.47x or 4747.5% return on your $8,000 investment.
Hey my friend,
I've seen your php code in github.
Do you have by chance implementation of steem transfer?
(like steem.broadcast.transfer on steemjs)
SteemPHP is no more being developed. If you want to continue to develop it send me a msg on steemit.chat @davidk
Damnit, stalking you to see if you were still working on SteemPHP and found this.
Guess I'll have to learn a new language :D
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://medium.com/@heyrhett/how-much-would-you-have-made-trading-the-opposite-of-tone-vayes-cryptoscam-videos-d29527cc336d
Wow great post. I wish I invested more into litecoin when that video was originally posted! lol.
Anyways your content is good but I see you are not getting many votes. It's difficult when you are just starting out on steemit.
I welcome you to join https://steemengine.net as it is the best way yo get followers/votes on quality content. bad, stolen or spammed content is removed so good posters can be rewarded.
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