If I invested $1000 into Hive and another $1000 into BTC on Jan 21, 2023...
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!
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If your investment in hive was for a longer period of time, you can also use the 1000 hive to earn.
Don't get me wrong, I do hold more bitcoin than Hive, but it is true if you have some time you can do really well with hive, but one has to be patient.
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I really need go back and check my overall allocation after reading what you shared. Thanks! !PIZZA
Hive is way better investment if we compare it to bitcoin. For example, to do 10x, HIve only need to reach 4 $, but for bitcoin the value would be 280000$, I don't think so it is easy.
But the downside of Hive tends to be higher when it is bearish, I think.
Yeah ROI is very close.. But if you were able to day trade with hive you'd have made a killer profit... If succesfull of course
!PIZZA
!LUV
I agree. I might day trade to accumulate BTC.
Haven't thought of how to have an efficient system to approach that considering everything.
Basically I need to beat the rise in price to BTC with those trades, but at the same time keeping it safe. !PIZZA
Interesting experiment. I did a very similar calculation for the future pice of Hive based on the correlation to BTC:
https://ecency.com/hive-167922/@borsengelaber/where-could-hive-stand-2025
Fantastic job there! I learned something from your post. !PIZZA
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Thanks a lot!
!BEER
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BEER.In my point of view you can earn in both BTC and hive. As we know hive is a strong coin it does not come down at once and when I goes down a little, it goes up again. I think fluctuation of hive is more and btc is stable coin almost and value of BTC is huge so you if you invested $1000 your are safe due to less fluctuations and if you invested in hive those $1000 there fluctuation is more that causes more profit.
Always an open question. !PIZZA
The way you did a much more difficult collection and we found that the profits would be almost the same we put money into them. As we all know what expert people say is to put money inside small coins. It's not that hard to go up because it starts to go up when there's even a little bit of volume in it. I think we should put money into hive.
Crypto hasn't changed too much in price since the start of the year even if we did have a pump and Hive tends to move along with BTC's price. It is nice to see Hive do quite well even if the fiat value hasn't changed as much.
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Hehe. Nice! !PIZZA
Nice results!
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How can you have less BTC value both on 22th and 23th January when one day BTC has beenn closing below your starting point and the other day it has been closing higher than your startiing point? !PIZZA
... Apart from that you would have been loosing mney on BTC after 10 days, which will not be the fact when you've been selling at a higher rate... !PIZZA