A comment in the daily today reminded me of this Instagram post by pop star Katy Perry:https://ift.tt/3iGrOa3 her post, captioned “$—CrYpTo ClAwS—$,” Ms. Perry documents a handful of, at the time, popular cryptocurrencies. The 5 currencies pictured were: ethereum, litecoin, bitcoin, monero, and stellar lumens. Was this Ms. Perry’s portfolio at the time? Who’s to say? What we can determine are the prices, sourced from CMC, on the date of this post, January 25, 2018. The prices were as follows:ETH: 1060.55LTC: 180.76BTC: 11410.30XMR: 320.54XLM: 0.567Source: https://ift.tt/3e94XAu of the time of writing this, the prices are as follows:ETH: 238.95 (-77.5%)LTC: 43.51 (-75.9%)BTC: 9302.45 (-18.4%)XMR: 64.11 (-80%)XLM: 0.0695 (-87.7%)Source: https://ift.tt/3iDiUtX an equal share in each nail, despite the thumb and therefore ethereum being the superior finger, Ms. Perry’s portfolio would be down 67.9% since the date of her instagram post. For reference, the market cap is currently down only 30.3% of what it was at the time of her post.In conclusion, I would not recommend following Katy Perry’s investment advice, no matter how sweet her nails may look.EDIT: Additional conclusion, California Gurls, Hot N Cold, and I Kissed a Girl are all bangers
Submitted July 07, 2020 at 10:38PM
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