Year ago price was under 300, x 3 in just one year is amazing and that's why bitcoin is best preforming commodity. Plus we can use bitcoins as currency, to pay for different things, gamble, trade or what ever, each day more services are available for us.
If 2017 be better then this year, then bitcoin will male miracles in the world, and like someone said we will be filthy rich one day. Good luck too all of us!
Topic: And 2016’s best-performing commodity is ... bitcoin? (Read 1784 times)
They should add a new terminology for Crypto currency, called CommCurrency in the financial handbook. Bitcoin is 50% currency and 50% commodity, so it is the best of both worlds. I think it has taken a gold
medal in both instances as a best performing currency and a best performing commodity. Get out the Champagne and let the bubbly flow, we are the champions in 2016! Now let's hope we can do much better in 2017 and break all records again for next year. ^smile^
medal in both instances as a best performing currency and a best performing commodity. Get out the Champagne and let the bubbly flow, we are the champions in 2016! Now let's hope we can do much better in 2017 and break all records again for next year. ^smile^
It's crazy. Bitcoin's price's growing in an amazing pace. It's past $900 already. People who've bought or got BTC for Xmas have good reason to be happy now. We hope the best.
I won't say bitcoin is a commodity, but it certainly is an asset which outperformed all other asset class in the world. I have accumulated most of my bitcoins when it was at $450 level. So I am sitting on a huge profit at today's price. I have done nothing with the bitcoin, I had just stored it and traded with a small amount.
But the return I have received from the bitcoin storing, it was just amazing and beyond my expectation. I hope 2017 will be as exciting as 2016 for the bitcoiners.
But the return I have received from the bitcoin storing, it was just amazing and beyond my expectation. I hope 2017 will be as exciting as 2016 for the bitcoiners.
If this trend continues duplicating or triplicating the feat it did this year, it will surpass the market capitalization of the world's leading fiat currencies. Many traders are optimistic that bitcoin can sustain the rally through the first half of the coming year but this depend on some factors that might happen in the coming days.
Yes great performance for bitcoin in 2016, hope it will continue with momentum in 2017.
well hopefully bitcoin show consistency and best-performing commodity in 2017 . Juniper Research, a financial research firm, predicts that bitcoin transaction will triple by 2017, reaching $ 92 billion dollars. Juniper noted several factors that should factor increased adoption of bitcoin in 2016 and to 2017.
Certainly bitcoin is one of the best performing commodities in 2016, with almost 100% gain. The further price gain will depend on China where more and more people put money in bitcoin for safe heaven.
well hopefully bitcoin show consistency and best-performing commodity in 2017 . Juniper Research, a financial research firm, predicts that bitcoin transaction will triple by 2017, reaching $ 92 billion dollars. Juniper noted several factors that should factor increased adoption of bitcoin in 2016 and to 2017.
No doubt about that. Bitcoin price grows more than 100% this year. This is more profitable than other precious metals like gold and silver. The price increase really quick. Its.more valuable than other.
I do agree, bitcoin has grown more than 100% from last year I don't know whether it is affected by the halving or by the increase of bitcoin usage, but bitcoin has proven become better investment for this year and it has shown no sign of stopping, 2017 will be another great year for bitcoin
OK, having been through two or three of Bitcoin's majestic price cycles myself (with FUD and elation present each time), I guess the only thing I can offer up re the future would be:
If you can HODL BTC, and withstand the hard ups & downs, then the UP years will more than make-up for the DOWN ones. [Probably]
May you all have blessed holidays, it looks like we will need whatever of the Good to help us through the likely to be interesting 2017.
No doubt about that. Bitcoin price grows more than 100% this year. This is more profitable than other precious metals like gold and silver. The price increase really quick. Its.more valuable than other.
I do agree, bitcoin has grown more than 100% from last year I don't know whether it is affected by the halving or by the increase of bitcoin usage, but bitcoin has proven become better investment for this year, better than gold, silver and oil and it has shown no sign of stopping, 2017 will be another great year for bitcoin
With today's price around $900, bitcoin price appreciated more than 90% in 2016. A lot better than other commodities, such as natural gas (56%), crude oil (46%), copper (16%), and coffee (41%).
I'm not sure why anyone who had been following Bitcoin is surprised that Bitcoin is the best performing commodity. It has performed well, gone up massive percentages only dreamed of by some other commodity traders, and maintains a strong track record and is on its way to be bigger than before.
If you ever see wheat, oil (which actually could go up 100% if suddenly OPEC stops producing) or anything else double in value, let me know.
If you ever see wheat, oil (which actually could go up 100% if suddenly OPEC stops producing) or anything else double in value, let me know.
One thing is certain - bitcoin has decoupled from Gold. Gold fell when the Fed increased interest rates. But bitcoin rose. Either the rise is a pump, or there is a dfferent dynamic driving BTC.
Well it was expected. No instrument was able to jump in value like BTCBTCBTC ever did this year. The main question now is how can it hold this value, and not depreciate significantly.
The only big thing that happened this year were the halving, besides those we do have more bad news as bitfinex loss, then a real good new, we are growing and the value of bitcoin should show those. I dont understand the recent 100 dollar up, besides being someone trying to pump bitcoin at the end of the year as always happens, if we remove the halving there isnt nothing to celebrate at all.
i think the halving is what made this last pump possible, i remember that many here were saying that the halving would not bring anything but the price increase nicely because of it, instead bad news only do momentary dump, and bitcoin will always recover from bad news
The only big thing that happened this year were the halving, besides those we do have more bad news as bitfinex loss, then a real good new, we are growing and the value of bitcoin should show those. I dont understand the recent 100 dollar up, besides being someone trying to pump bitcoin at the end of the year as always happens, if we remove the halving there isnt nothing to celebrate at all.
This is certainly a welcome news for people who have bought bitcoins cheaply for the past few months, or to those who have been paid bitcoin. What remains to be seen is how people who are not yet into the bitcoin economy will respond to this. Of course those who have enough money can afford to buy bitcoins in hopes of making a profit but we don't know how many will adopt bitcoin if the exchange exceed $1000.
What happened in India on November 8th certainly seems to have given bitcoin a filip. Never saw that coming - i thought adoption would come from the south american countries.
Even though the price is soaring, the boom isn't finished kicking in. As more people collect from faucets, use or make web services or accept BTC payments the circulation opens up to people not previously involved in this economy.
It takes no precaution to whether there is an end or not. The solution is clear, here on out more will surely come.
It takes no precaution to whether there is an end or not. The solution is clear, here on out more will surely come.
Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.
I think the price will go down after January 2017 and after that will continue to increase slowly.
I`m not such optimist about reaching $2000, but bitcoin is still strong.
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