Coinbase Bundle performance tracker reveals the sad state of the crypto market

科技动态 2018-12-08 阅读原文

If you bought a lot Bitcoin in 2011, you'd be rich now.

But if you bought Bitcoin a year ago, or even a month ago...well, let's just say your portfolio would be a pretty sad sight.

Which is why it's funny that cryptocurrency exchange Coinbase still has this chart on its webpage.

Ouch.

Image: Coinbase

The chart, featured quite prominently on Coinbase's site and noticed recently byDogecoin creator Jackson Palmer, tracks the performance of an imaginary $100 investment in Coinbase Bundle, a sort of fund that tracks the prices of the top 5 cryptocurrencies by market cap, listed on Coinbase: Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.

SEE ALSO: Crypto's black Wednesday: Where do we go from here?

Unfortunately, not one of these coins performed very well in the last week, month or year.

You could, however, set the chart to "all," which starts the timeline at Jan. 4, 2013, and turns the imaginary $100 into $12,530.18. But Coinbase Bundle launched in September, so there was no way to buy into it in 2013.

I love that @coinbase still have this page on their website. :joy: pic.twitter.com/yTDz3qnBvQ

— Jackson Palmer (@ummjackson) December 7, 2018

In any case, kudos to Coinbase for still having the courage to keep that chart online.

As for Palmer, his comments fromJanuary, at the height of the crypto bubble, feel prescient now that the prices have plummeted.

"While it's great to see mainstream enthusiasm for cryptocurrency, I think the high valuations and inflated market caps serve more to distract from the real goal of these projects than anything," he wrote at the time. "My one hope is that when that does happen and people lose large sums of money, the negativity in the market doesn't stifle technological innovation or interest in digital currency from the mainstream."

Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.

Mashable

责编内容by:Mashable阅读原文】。感谢您的支持!

您可能感兴趣的

Cryptocurrency News March 6 – hash point My name is Ed Zitron and I’m the most insufferable cryptocurrency columnist alive. To the outside world, I’m a bizarre s...
Coinbase Adds Zcash to Retail Crypto Trading Servi... Less than a week after adding privacy-focused zcash to its professional trading platform, crypto exchange Coinbase is o...
虚拟货币交易所Coinbase遭用户抱怨:无端额外收费、透支户头... 比特币买卖充满了风险 越来越多的用户怨声载道,称虚拟货币交易所Coinbase未经授权从他们的账户里提现,有时甚至透支了用户绑定的银行户头,产生透支费用。 在网络论坛Reddit的一个帖子里,一位用户表示自己在2月9日买入...
比特币交易平台Coinbase收购Earn.com 金额超1亿美元... 新浪科技讯 北京时间4月17日凌晨消息,本周一,数字货币交易平台Coinbase宣布收购Earn.com。做为此收购交易的一部分,Earn公司的创始人兼首席执行官将加入Coinbase并担任首席技术官。 Earn能使用户通过转发邮...
成为正规军!美国最大数币交易所Coinbase有望获美经纪商和投顾牌照... 美国最大加密数字货币交易所平台Coinbase 6月6日(美国时间)宣布,有望获得替代性交易系统(ATS)经纪商和注册投资顾问(RIA)两张牌照,如获批,将开始作为接受美国证监会(SEC)和美国金融业监管局(FINRA)监管的经纪商运营。 ...