Ethereum is giving a 10x return over a period that BTS/X had a 90% loss. Ether holders 100x better off currently over that period.
A $100 000 BTSX investment in August last year would be worth $10 000 today, while the same in Ether would be $220 000 at today's price. (0.69 per Ether) So you would have been 22x wealthier if you'd invested in Vitalik and friends.
Your calculations are quite wrong or at least unfair.
BTS did suffer a 90% loss but that's only true if you bought at the very top of the 2014 hype.
ETH was without doubt a better investment than BTS but not by factor of 100 or 22. I'd say by factor of 4.
Yes, an IPO comparison would make ETH a better investment by a factor of 4.
My sums are still a bit on the high side, but I was comparing whether it would have been better stay in invested in BTS during the Ethereum fundraising period, as most of us were, or switch some to Ethereum. Those that did would be 20-100x wealthier than us. Look how well cass did with his 2BTC...
I just want to say ... i've investet 2 BTC --> 4000 ETH during the IPO sale last year!
And did sell them for approx. 19 BTC! So from the investment point of view ... ETH was a really good investment!
Cass's 2 BTC in Ether was sold for 19 BTC. Had he kept it in BTS, that 2 BTC would be worth circa 0.2-0.3 BTC today.
So he was nearly 100x better off over that period.
Guys it wasn't a hype bubble. There was no panic buying. All that happened was for about a day only a small % of sellers could sell, just like how BTS lost 50%+ (30%? I forgot actually) in the first days after launch before rallying because sellers couldn't sell.
The "bubble" lasted exactly as long as the kraken deposit confirmation period for non-KYC'd customers.
It was caused by Ethercoin. For the last year it was the main vehicle for people to invest who missed the IPO and only had 1/60th of the actual supply, so it was clearly over-valued but for a brief period the market referenced that as the starting point.
However it was clear it would crash once more supply came online and will probably fall further.