[2016-12-11] Bitcoin 2016: the Year of a Different Rise

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Quote from: 1Referee on December 12, 2016, 05:03:57 AM

Quote from: just_Alice on December 12, 2016, 04:30:27 AM

Since they are asking in the article "The question is if 2013 was the year of Bitcoin and 2014 was its worst year, what will we call 2016?" I think we can try to answer the question in this thread.

It must have hurt seeing the price of the coins you bought at +$1000 levels sink below $200.

Not if they kept buying as the price fell:

buy 1 bitcoin at $1000 = $1000. Cost average 1000/1 = $1000
buy 1 bitcoin at $1000 and another at $200 = $1200. Cost average 1200/2 = $600

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Quote from: just_Alice on December 12, 2016, 04:30:27 AM

Since they are asking in the article "The question is if 2013 was the year of Bitcoin and 2014 was its worst year, what will we call 2016?" I think we can try to answer the question in this thread.

It depends on each person. For me personally both 2013 and 2014 were fantastic years, but that's also the case with 2015 and right now 2016. I am a trader that is constantly looking for heavy volatility that I can use in my advantage. But then again, there are plenty of people that bought their coins at +$1000 levels in the hope that it would increase even further. These people have learned a very expensive lesson if they after that sold their coins in panic. If they kept holding till now, which I don't think many have done, then obviously they are somewhat gaining back trust as they come closer to the level they break-even. It must have hurt seeing the price of the coins you bought at +$1000 levels sink below $200.

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Quote from: tyz on December 11, 2016, 05:42:45 AM

Bitcoin 2016: the Year of a Different Rise

It’s been three solid years since this time, and we are still trucking on. During that time when the price was over USD $1,000 a coin, many companies like Mt. Gox were still doing business. Earlier in April the price had rallied to $266 with the small country of Cyprus in fear of bank runs and economic failure. The price then took a steady dive after the European Union swept the crisis under the rug and smashed to a floor of $50 a coin.

https://news.bitcoin.com/bitcoin-2016-year-different-rise/

Since they are asking in the article "The question is if 2013 was the year of Bitcoin and 2014 was its worst year, what will we call 2016?" I think we can try to answer the question in this thread.

Well, we can witness the price rising through all 2016 and this is a gradual rising, it's nothing like when Bitcoin went from $200 to $1,300 in the matter of a month. So I'd call 2016 The Year of a consistent rising of Bitcoin.

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Bitcoin 2016: the Year of a Different Rise

It’s been three solid years since this time, and we are still trucking on. During that time when the price was over USD $1,000 a coin, many companies like Mt. Gox were still doing business. Earlier in April the price had rallied to $266 with the small country of Cyprus in fear of bank runs and economic failure. The price then took a steady dive after the European Union swept the crisis under the rug and smashed to a floor of $50 a coin.

https://news.bitcoin.com/bitcoin-2016-year-different-rise/

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