What was the ICO price for this?
3k - 3.5k sat, not sure what was the exact number but ICO price should be around that price. Now it is rising 5x from ICO price
The team gathered 1000 BTC + 80000 ETH which is around 9000 BTC now. With current market cap of 12,399 BTC it's x1.38 from ICO price.
I am already 11X in terms of USD. I don't know how your are calculating this 1.38X...
What's the reason to measure in terms of USD? If you just stayed in ETH instead of investing in Trust you'd still get 11X. So Trust didn't give you any profit so far. Well 1.38 if you still hodl.
lol whats the reason to measure in USD (or any fiat doesn't have to be USD)?...
The fact that it took fiat to originally trade for these...even if you're mining the coins thats fiat going to power.
People need to stop with the 'if you had held' argument because it's like schroedengers cat you cant know theres no real way to know unless you held the ETH/BTC...which you didn't.
For all you know you could've accidentally lost all the ETH you were hodling if you hadn't invested in TRST....it's an alternate timeline, a theoretical universe for us, you can't say you lost money just because you invest with ETH at $50 and it hits $150...
Another reason you measure in USD (or any fiat) is because most people now are in this for the future day where they
TRADE BACK TO FIAT TO BUY SOMETHING ...until the day comes where it's commonplace to buy homes/vehicles with btc...EVERYWHERE...then people will be looking to turn huge gains into fiat at some point.
Even for the die hard crypto'ers, you wouldn't make ANY gains in value if 'real' money investors hadn't been coming in more and more as the years go on. The thing that is gonna give retarded gains is going to be
fractions of the global economy shifting into crypto...it's not more and more crypto-nerds just buying em up at higher and higher values.
Outside money is coming in, and THEY will measure it in USD/fiat....and it's
because of them that bitcoin has even gone up enough for it to be 3k/btc...