Literally, Bitcoins have reached far beyond its investors' expectations. Although, not to be really greedy about it, I still want it to reach as much as $20,000. I am hopeful this will all materialize before the year ends. Others say we have to think of buying Altcoins because Bitcoins have already reached the topmost value it could ever achieve in week's time; but I disagree. I think there are higher chances for it to increase more so we all have just to keep still.
We can discuss any strategy but it seems to me that we are all in the hands of whales. They always have the option to raise or lower the price. Without the involvement of mechanisms of regulation of the market bitcoin will never be stable. It's bad for business and so we see that bitcoin cannot be a currency. This was the main purpose of its creation. 
Topic: [2017-11-07] Bitcoin's Performance Off the Charts, Literally (Read 1794 times)
I stand to be corrected, but Bitcoin has been the best performing currency and commodity for the last 3 years... right? I
think Bitcoin's performance has been under valued by a lot of big investors. Most of these investors shy away from Bitcoin,
because of the volatility and also the FUD that are being reported in the media. I hope things will change in 2018 and we will
see some bigger guns coming on board.
think Bitcoin's performance has been under valued by a lot of big investors. Most of these investors shy away from Bitcoin,
because of the volatility and also the FUD that are being reported in the media. I hope things will change in 2018 and we will
see some bigger guns coming on board.
Literally, Bitcoins have reached far beyond its investors' expectations. Although, not to be really greedy about it, I still want it to reach as much as $20,000. I am hopeful this will all materialize before the year ends. Others say we have to think of buying Altcoins because Bitcoins have already reached the topmost value it could ever achieve in week's time; but I disagree. I think there are higher chances for it to increase more so we all have just to keep still.
Bitcoin is like nothing else on this chart, as bitcoin is a digital currency which attracted more investors, business, companies and even countries to learn and invest in cryptocurency as a better technology in monetary system. A system which creted to be decentralized and supported by many people from different backgrounds, it can't be manipulated easily. However, current price and market cap still not enough to reach stability in bitcoin environment, every bad news could affect bitcoin price, especially a big country such as China or USA regulate or ban cryptocurrency.
It seems to me that to compare the growth of bitcoin and the rise in share prices Apple is not correct. The increase in the price of bitcoin involved the active participation of speculative capital which can at any time to leave bitcoin and the price will fall. Shares of Apple have physical capital that is not going anywhere and consistently to generate income.
Bitcoin’s growth year on end has been routinely flouted as being over 600 percent, and while that is, of course, an impressive number, it is hard to picture what that means in a market economy.
However, when that figure is placed against other big and popular assets, a graph shows the true effect on the growth year-to-date. As it stands, looking at the performance range, Bitcoin ists at 663 percent growth.
Up next is Apple stock which has grown an impressive 49 percent. That figure, of course, pales in comparison, but in any other year without Bitcoin, that would be healthy and impressive.
However, one needs to remember that there have been some big growers across time, and one of those was Amazon, which saw 6,000 percent growth between 1997 and 1999.
In fact, Bitcoin has had better years, 2016-2017 saw the digital currency grow 2,800 percent. But this year, there is no competition.
Off the charts
The graph above shows just how exponential the growth of the digital currency has been to date. The growth has been explosive, but there are also volatile swings that have seen it dip too.
For instance, Bitcoin at the start of the year was a terrible investment as within 10 days the cryptocurrency had lost 20 percent of its value. A better decision, at that point, would have been an index fund tracking the S&P 500, Apple stock or even gold.
There have been some instances where normal assets, such as the entire US Stock market, have suffered big lows. In 2008, during the financial crisis, their stock market fell by 40 percent and it was considered a massive disaster.
However, Bitcoin has dropped 40 percent on more than one occasion already this year, and despite that, the graph still shows its enormous growth.
Bitcoin is like nothing else on this chart, and thus, when figures like 663 percent are thrown around it is hard to quantify or even imagine.
https://cointelegraph.com/news/bitcoins-performance-off-the-charts-literally
However, when that figure is placed against other big and popular assets, a graph shows the true effect on the growth year-to-date. As it stands, looking at the performance range, Bitcoin ists at 663 percent growth.
Up next is Apple stock which has grown an impressive 49 percent. That figure, of course, pales in comparison, but in any other year without Bitcoin, that would be healthy and impressive.
However, one needs to remember that there have been some big growers across time, and one of those was Amazon, which saw 6,000 percent growth between 1997 and 1999.
In fact, Bitcoin has had better years, 2016-2017 saw the digital currency grow 2,800 percent. But this year, there is no competition.
Off the charts
The graph above shows just how exponential the growth of the digital currency has been to date. The growth has been explosive, but there are also volatile swings that have seen it dip too.
For instance, Bitcoin at the start of the year was a terrible investment as within 10 days the cryptocurrency had lost 20 percent of its value. A better decision, at that point, would have been an index fund tracking the S&P 500, Apple stock or even gold.
There have been some instances where normal assets, such as the entire US Stock market, have suffered big lows. In 2008, during the financial crisis, their stock market fell by 40 percent and it was considered a massive disaster.
However, Bitcoin has dropped 40 percent on more than one occasion already this year, and despite that, the graph still shows its enormous growth.
Bitcoin is like nothing else on this chart, and thus, when figures like 663 percent are thrown around it is hard to quantify or even imagine.
https://cointelegraph.com/news/bitcoins-performance-off-the-charts-literally
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