A group of things called cryptocurrencies, like Bitcoin and Ethereum, have been getting more valuable lately. People who put money into them a few months ago made a lot of profit. Some other cryptocurrencies, like Shiba Inu and Doge, also became popular and increased in value. This article talks about how much money someone would have now if they invested $1,000 in each of these cryptos at the beginning of this time when they started to grow a lot. Read from source...
1. The title of the article is misleading and sensationalist, implying that there is a meaningful comparison between Bitcoin, Ethereum, Shiba Inu, and Doge when in reality they are very different assets with different use cases, markets, and prospects. A more accurate and informative title would be "How Much You Would Have Now If You Had Invested $1,000 In Each Of These Cryptos At The End of October".
2. The article does not provide any context or background for the current crypto bull run, such as what caused it, how long it has lasted, and what factors might influence its continuation or reversal. This makes it difficult for readers to understand the underlying drivers and dynamics of the crypto market and evaluate the risks and rewards of investing in these assets.
3. The article does not explain the methods or assumptions used to calculate the returns, such as the source and frequency of the prices, the timing and amount of the investments, and the taxes and fees involved. This makes it impossible for readers to replicate or verify the results and raises questions about their accuracy and validity.
4. The article does not consider any other factors that might affect the performance and value of these cryptos in the future, such as regulatory changes, technological innovations, network effects, security breaches, competition, adoption, etc. This makes it a static and incomplete analysis that ignores the dynamic and evolving nature of the crypto market and the potential impacts of various external forces.
5. The article uses emotional language and expressions, such as "throwing caution to the winds" and "meme coin", that appeal to the readers' feelings and biases rather than their rationality and logic. This makes it a subjective and persuasive piece that tries to influence the readers' opinions and decisions rather than inform them objectively and neutrally.