CryptoBanks.com - Which is the most profitable investment? Domain Name Vs Cryptocurrency.

in #bitcoin • 7 years ago

bank (1).jpg

Which is the most profitable investment? Domain name or Cryptocurrency?

One of the most impressive investment trends we come across today is the massive growth of crypto currencies and the blockchain technology. As we all know that the value of 1 Bitcoin has skyrocketed from $0.06USD in July 19, 2010 to the highest $6148.82 USD in Oct 21, 2017. This leads to $6148.76 profit invested in 1 Bitcoin after 7 years.

Can Bitcoin beat the most expensive domain name Cars.com? Lets do a simple calculation, comparable detailed analysis on these two most popular investment assets as follows.

INVEST IN CRYPTOCURRENCY: BITCOIN

Year 2010 - 1 bitcoin = $0.06
200 bitcoins = $0.06 x 200 = $12
Year 2017 - 200 bitcoins = 200 x $6148.82 USD = $1,229,764 USD
Net Profit: $1,229,764 - $12 = $1,229,752
Percent %: $1,229,752 / $12 x 100 = 10,247,933%
10247933% / 7 = 1,463,990 % increase value per year

INVEST IN DOMAIN NAME: CARS.COM

Year 1998 - purchase + renewals Cars.com = $500
Year 2017 - sold Cars.com = $872,320,000
Net profit: $872,320,000 - $500 = $872,319,500
Percentage % : $872,319,500 / $500 x 100 = 174,463,900%
174463900% / 19 = 9,182,311 % increase value per year

The Bitcoin value increased by 1,463,990 % per year, whereas Cars.com commanded higher value of 9,182,311 %.

Investing premium Domain Name such as Cars.com is the most profitable option than crypto currencies.

#crypto #currency #domain #name
7 years ago in #bitcoin by
$0.00
    5 votes
    Reply 1
    Sort:  
  • Trending
    • [-]
     7 years ago 

    @mrainp420 has voted on behalf of @minnowpond.
    If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

                To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
            To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
            To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
    $0.00
      Reply

      Coin Marketplace

      STEEM 0.17
      TRX 0.13
      JST 0.027
      BTC 58309.71
      ETH 2617.30
      USDT 1.00
      SBD 2.42