Digibyte. The way I look at it using a Return On Investment (ROI).

in #leofinance6 months ago (edited)

Digibyte, to me is a great coin. I bought some years ago and I still may hold a few. I say that so you know I've had or now have a vested interest. Looking at it financially I compared it to stock market returns since 2016.

"If you invested $320 in the S&P 500 at the beginning of 2016, you would have about $851.34 at the end of 2021, assuming you reinvested all dividends. This is a return on investment of 166.04%, or 17.71% per year." FN1

2022_04_05_9_.png

Digibyte's annualized Return On Investment is 106.15% since 2016.

On June 18, 2016, Digibyte printed a bottom at 42 satoshi

DGBBTC Daily Chart (Bittrex) 6/18/2016

2022_04_05_1_.png

The same day Bitcoin created a swing top at $778.85

2022_04_05_3_.png

For the sake of simplicity, I considered Digibyte and Bitcoin reversing trend at the exact moment in time. The dollar price of one DGB would have been $0.00032711 based on comparison.

However, on the same day, in the DGBUSD market using the low

2022_04_05_7_.png

One DGB in dollars was $0.00032. FN2

2,073 days later DGB found a floor at 41 satoshi.

DGBBTC Daily Chart
(Bittrex) Recent

2022_04_05_2_.png

The lowest price of Bitcoin that day was $37,974.18.

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The value in dollars of one DGB would have been $0.01556941 if computed as the same above.

The DGBUSD market on Bittrex records the low of that day as $0.01997. FN3

2022_04_05_6_.png

One million Digibyte bought at that price stated above on that day in 2016 had an initial cost of not much more than $320-$328 (excluding exchange fees). 68 months, 2 days later that same DGB holding had a market value of $15,569.41 to $19,970.00. FN4

Using the high of 2016 and market price of 2022 a Return On Investment using Calculator.net would have been

2022_04_05_8_.png

5,988.41% ROI.

I think, Digibyte in comparison to the S&P 500 MidCap and SmallCap and DJIA average annual returns (see also FN5) is a very good investment of capital. Although the price of one DGB Satoshi-wise was no different in 2016 than it was two months ago. Value is how you perceive it.

This is for informational purposes only. This is not financial advice. Do your own research. This is not an endorsement of Calculator.net nor its accuracy. The story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), is intended or should be inferred; unless otherwise indicated. There is risk in investing and anyone considering such should seek professional advice. No representation is made that past performance is an indicator of future performance.

Notes

  1. https://www.officialdata.org/us/stocks/s-p-500/2016?amount=320&endYear=2021

  2. The variance between DGBBTC and DGBUSD as computed is 0.00000711. This is not an article on arbitrage or scalping the market.

  3. The variance between DGBBTC and DGBUSD as computed is 0.00440059.

  4. Sums are not meant to be accurate as to the minute.

  5. Stock market returns since 2016
    This is a return on investment of 166.82%, or 17.51% per year.
    Change incl. dividends: +166.82%; +17.51% / yr
    Change in price: +139.09%; +15.64% / yr
    https://www.officialdata.org/us/stocks/s-p-500/2016#:~:text=Stock%20market%20returns%20since%202016&text=This%20is%20a%20return%20on,%2C%20or%2017.51%25%20per%20year.