reply on: 8912 coins visualised against BTC performance

25 sats \ 4 replies \ @nym 17 Dec 2022 \ on: 8912 coins visualised against BTC performance | Willy Woo bitcoin

I don't quite understand. Is that like a reverse big-bang visualization with 1btc=1btc?

1 sat \ 0 replies \ @ExponentialBTC OP 19 Dec 2022

The last 60 days of crypto price action.

Performance of 10,506 coins vs BTC (green) in the last 60 days.

ETH - orange BNB - yellow USDT - blue

Explainer: dropping 3->1 means if you bought 3 sats of it, you now have 1 sat of value.

Data by @coingecko.

https://pbs.twimg.com/media/FkNglkGX0AEzQ59?format=jpg

https://twitter.com/i/lists/1600551501918883840 [Nitter]

1 sat \ 2 replies \ @ExponentialBTC OP 17 Dec 2022

Each line is a price chart for a coin relative to its current value, starting from ~now (at the center line, orange to represent BTC) going back to August 14th, 2022.

So a few coins went up in value since August 14th, 2022 (as they started out below the orange line). But the vast majority went down in value (as they started out above the orange line).

1 sat \ 1 reply \ @ExponentialBTC OP 19 Dec 2022

I was pretty close, but there's now a much better chart.

See my other comment reply, with a new image ... and the explanation from the author as to how to interpret.

26 sats \ 0 replies \ @nym 19 Dec 2022

That's a great way to generalize the ecosystem and I'm confident with just Bitcoin.