Don't look at ATH's, look at yearly lows. That will tell you the growth in hodlers #HODLGrowth
At New Year I put together the followling tweet storm which I now want to share with my fellow steemians! You can read the full thread unroll in original format here: https://threadreaderapp.com/thread/1080944041678770176.html
Essentially the basis for the post and hypothesis is that a growth in yearly lows shows that there is a subset of support and supporters who aren't willing to sell, raising the floor. So lets look at the research:
Bitcoin yearly lows:
2012 - $4
2013 - $65
2014 - $200
2015 - $185
2016 - $365
2017 - $780
2018 - $3200
Ethereum lows per year:
2015 $0.42
2016 $0.93
2017 $7.98
2018 $84.91
#HODLGrowth
It's worth looking at ETH/BTC lows per year at the same time:
2015 0.00154600
2016 0.00205819
2017 0.00828261
2018 0.02537603
#HODLGrowth
Shout out to the XRP Army. Let's look at your #HODLGrowth. Here are the lows per year:
2013 $0.002901
2014 $0.002885
2015 $0.004047
2016 $0.005100
2017 $0.005415
2018 $0.273040
XRP clearly late to the HODL party.
It shows that ownership has been much later in their lifecycle than others...
A personal tangent: I've held the 1000xrp gifted from joining their mailing list in 2013. Mainly because they've been worthless for most of the time...
Another OG coin... Litecoin. How's the #HODLGrowth been there? Here are the lows per year to see:
2013 $1.71
2014 $2.69
2015 $1.19
2016 $3.00
2017 $3.65
2018 $23.56
With Litecoin it is interesting to see a year vs year lower lows.
A personal tangent: I mined 7 litecoin in 2013 and lost them through a pool exit scam having never moved them. Shout out to #ProofOfKeys
How has Monero done for #HODLGrowth? Here are the lows per year to see:
2014 $0.306053
2015 $0.227908
2016 $0.427559
2017 $10.12
2018 $38.90
Monero also seeing some year vs year lows but in difference to litecoin it was consecutive and by a smaller margin.
To wrap up this short tweetstorm on #HODLGrowth I'd like you to imagine each graphed out. It would appear to me that the year on year low growth of BTC seems far more reasonable and measure than the rest, a true growth in Hodl base for the King.
Whilst the others having exhibited either rapid unnatural growth, or a history of decline, show that there may be a smaller base of true believers.
I hope you enjoyed.
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