Hacker News new | ask | show | jobs
by fastball 1877 days ago
How is Dogecoin better performing than Bitcoin, even on a decade timescale?

BTC was $1 in 2011, so 50,000% gain in a decade.

Definitely not better performing of all time, as before 2011 Bitcoin was also worth pennies at various points (just like DOGE). Except now BTC is worth $50k and DOGE is worth $0.30.

1 comments

Since it came later you can set the Doge price in 2011 to $0 and see in fact it was an infinite gain. It needn’t be around as long to be the best performing asset of all time. The fact ones worth $50K per unit and one $0.30 per unit is irrelevant because one has astronomically more units.
Yes, an asset that didn't exist yet was indeed $0 in 2011. But I'm sure we can agree that starting your measurement from 0 is obviously a silly way to look at this, as any non-worthless asset class invented in the last decade has therefore also experienced infinite growth by that standard, tying them all for first with DOGE.

With regards to "all time", DOGE has more units but its market cap is still lower than BTC (in fact its 5th best by market cap), so I remain confused as how it is the best performing asset class of all time.

In any case, ETH is better performing by all metrics compared to DOGE. Infinite performance since 2011 and a higher market cap.