Bitcoin has went up every single year since inception - page 2.

Bit_Happy

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A Great Time to Start Something!

Quote from: kokojie on May 21, 2014, 03:01:28 PM

When you compare January 1st price vs Dec 31st price of every year, Bitcoin has always been going up, and most of the time significantly up.

January 1st 2010: around $0.002 per Bitcoin
December 31st 2010: around $0.80

January 1st 2011: around $0.80
December 31st 2011: around $4.70

January 1st 2012: around $5.00
December 31st 2012: around $13.25

January 1st 2013: around $13.00
December 31st 2013: around $730

January 1st 2014: around $750
December 31st 2014: ? ? ? ? ?

Do you think this year is an exception?

This puts a lot of importance on only 2 data points per year.
What if BTC hits ~$3,500 by October and "crashes" to end the year at ~$740. Using only two prices per year will not show the new all-time high, but the long-term uptrend will still be in place.

TERA

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kokojie

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well, if it's true, try to get him scammer tagged instead of complaining in my thread.

Gurrty

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Quote from: frienemy on May 23, 2014, 07:29:15 AM

Quote from: Gurrty on May 23, 2014, 07:12:33 AM

Quote from: BitchicksHusband on May 22, 2014, 06:40:42 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Yes. Why do you think that Goat is buying Lambos and Risto has a castle in Estonia? They bought A LOT of coins really, really cheap.

I know why. Goat owe me 4105 BTC. This is a serious scam and he is playing rich with MY money. 2012 I invested a lot in his Tygrr-bot. I thought it sounded like a cool arbitrage bot. It was hard to go profit and a lesser amount was lost to exchange failure. The project was ended but much money was left. He chose to refund all invested with 90-100%. But ONE person owned more than 50% of all funded 10000 BTC, that was me. We made a contract with 1% interest, 1% payback each week. That would last in 100 weeks or almost two years and after that period his debt was ended to me. He payed me for 11 weeks. He still owes me 4105 BTC in principle payment with zero interest accounted for.

Where is justice?

Don't make accusations without proof or you are out of this forum faster than you think.

This is a true story.

https://bitcointalksearch.org/topic/goat-owe-me-374035-btc-622250

oda.krell

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Activity: 1470

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Quote from: johnyj on May 22, 2014, 06:47:36 AM

Risk adjusted return (reduce volatility by reducing leverage) is still the highest among any kind of assets in human history

Suppose that the biggest downside risk is 90%, so if you reduce the exposure to 1%, you will have 0.9% maximum risk with 56% return. Normally at 1% maximum risk, 5%-10% return is already top performer

That's a great way to think of it, and I actually didn't know the concept before (although I guess I practice it every time I trade and base my order size on the same calculation -- I just never thought of applying it to an investment as a whole). It's a much better way to describe the huge opportunity Bitcoin presents than OP's "price goes higher every year" statement.

That said, the corollary to what you say is that you indeed have to reduce leverage to reduce volatility. And I'm not sure if the majority of newcomers do so, judging by threads like this.

frienemy

full member

Activity: 235

Merit: 100

I was promised da moon

Quote from: Gurrty on May 23, 2014, 07:12:33 AM

Quote from: BitchicksHusband on May 22, 2014, 06:40:42 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Yes. Why do you think that Goat is buying Lambos and Risto has a castle in Estonia? They bought A LOT of coins really, really cheap.

I know why. Goat owe me 4105 BTC. This is a serious scam and he is playing rich with MY money. 2012 I invested a lot in his Tygrr-bot. I thought it sounded like a cool arbitrage bot. It was hard to go profit and a lesser amount was lost to exchange failure. The project was ended but much money was left. He chose to refund all invested with 90-100%. But ONE person owned more than 50% of all funded 10000 BTC, that was me. We made a contract with 1% interest, 1% payback each week. That would last in 100 weeks or almost two years and after that period his debt was ended to me. He payed me for 11 weeks. He still owes me 4105 BTC in principle payment with zero interest accounted for.

Where is justice?

Don't make accusations without proof or you are out of this forum faster than you think.

Gurrty

newbie

Activity: 36

Merit: 0

Quote from: BitchicksHusband on May 22, 2014, 06:40:42 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Yes. Why do you think that Goat is buying Lambos and Risto has a castle in Estonia? They bought A LOT of coins really, really cheap.

I know why. Goat owe me 4105 BTC. This is a serious scam and he is playing rich with MY money. 2012 I invested a lot in his Tygrr-bot. I thought it sounded like a cool arbitrage bot. It was hard to go profit and a lesser amount was lost to exchange failure. The project was ended but much money was left. He chose to refund all invested with 90-100%. But ONE person owned more than 50% of all funded 10000 BTC, that was me. We made a contract with 1% interest, 1% payback each week. That would last in 100 weeks or almost two years and after that period his debt was ended to me. He payed me for 11 weeks. He still owes me 4105 BTC in principle payment with zero interest accounted for.

Where is justice?

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: oda.krell on May 21, 2014, 05:44:06 PM

Sorry, but, no.

This is exactly the kind of naive presentation of the (admittedly) impressive rise of Bitcoin that I'd prefer would be avoided.

You can't simply pick a date you like (Jan 1st) and then compare it to the same date next year. Otherwise, I'll pick another date, just as arbitrary, and show that your claim is plain wrong:

June 2011: 32 USD
June 2012: 7 USD
June 2013: 130 USD

You can make a similar, more substantial claim about annualized growth rates, but at some point you will need to admit the extreme volatility, and the long stretches of decline as well.

There is other, simpler, formula. The minimal value of one bitcoin has grown at least 4x YoY since it's inception, no matter what dates or intervals you look at. I have used that metric since 2012, and it holds quite well.

serenitys

full member

Activity: 126

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Be Here Now

Can you expound on that a little about Satoshi's coins? He/she/they held the first majority and they're showing on the blockchain but have never been spent? Or did I misunderstand? If that's correct, what would they be worth right now?

kokojie

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Activity: 1806

Merit: 1003

Quote from: BitchicksHusband on May 22, 2014, 06:40:42 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Yes. Why do you think that Goat is buying Lambos and Risto has a castle in Estonia? They bought A LOT of coins really, really cheap.

Well they bought cheap, but probably not $0.002 cheap. Nobody was really buying much at that time, not much outside interest. The 10000 BTC pizza transaction occured on May 2010, and that was the start of Bitcoin really starting to gain value. Before that, Satoshi accounted for more than half of the mined coins, and these coin never moved to this day. Goat probably started late 2010 or early 2011, I can't imagine his average price be lower than $1.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Yes. Why do you think that Goat is buying Lambos and Risto has a castle in Estonia? They bought A LOT of coins really, really cheap.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Risk adjusted return (reduce volatility by reducing leverage) is still the highest among any kind of assets in human history

Suppose that the biggest downside risk is 90%, so if you reduce the exposure to 1%, you will have 0.9% maximum risk with 56% return. Normally at 1% maximum risk, 5%-10% return is already top performer

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: kokojie on May 21, 2014, 03:01:28 PM

When you compare January 1st price vs Dec 31st price of every year, Bitcoin has always been going up, and most of the time significantly up.

January 1st 2010: around $0.002 per Bitcoin
December 31st 2010: around $0.80

January 1st 2011: around $0.80
December 31st 2011: around $4.70

January 1st 2012: around $5.00
December 31st 2012: around $13.25

January 1st 2013: around $13.00
December 31st 2013: around $730

January 1st 2014: around $750
December 31st 2014: ? ? ? ? ?

Do you think this year is an exception?

Sorry, but, no.

This is exactly the kind of naive presentation of the (admittedly) impressive rise of Bitcoin that I'd prefer would be avoided.

You can't simply pick a date you like (Jan 1st) and then compare it to the same date next year. Otherwise, I'll pick another date, just as arbitrary, and show that your claim is plain wrong:

June 2011: 32 USD
June 2012: 7 USD
June 2013: 130 USD

You can make a similar, more substantial claim about annualized growth rates, but at some point you will need to admit the extreme volatility, and the long stretches of decline as well.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: serenitys on May 21, 2014, 04:50:16 PM

Quote from: frienemy on May 21, 2014, 04:36:39 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

If you bought in 2010, there's simply no way you would have hodled your complete stash until now. You would have died of multiple heart attacks or by eyes popping out while staring at the chart by now.

Well yeah...but it was a pretend scenario. Just wanted to know if I did the math right because that doesn't even seem real.

I can only imagine the hard core nerds that tossed down a grand for bitcoin in Jan 2010...I know they've bought an island by now... Grin

In June 2010. I told my friend I bought $20 in zynga facebook poker chips. He laughed at me saying, "You spent money on virtual coins?"

I wish I had googled that.

Skele

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Activity: 224

Merit: 100

VocalPlatform.com

Quote from: serenitys on May 21, 2014, 04:50:16 PM

Quote from: frienemy on May 21, 2014, 04:36:39 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

If you bought in 2010, there's simply no way you would have hodled your complete stash until now. You would have died of multiple heart attacks or by eyes popping out while staring at the chart by now.

Well yeah...but it was a pretend scenario. Just wanted to know if I did the math right because that doesn't even seem real.

I can only imagine the hard core nerds that tossed down a grand for bitcoin in Jan 2010...I know they've bought an island by now... Grin

In fact they dint spent any USD, at that time the guys were mining them with pcs.. the hardcore nerds just mined with their cpus at rate of 5-10 per day easily..so they dont even spent a buck

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

Quote from: frienemy on May 21, 2014, 04:36:39 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

If you bought in 2010, there's simply no way you would have hodled your complete stash until now. You would have died of multiple heart attacks or by eyes popping out while staring at the chart by now.

Well yeah...but it was a pretend scenario. Just wanted to know if I did the math right because that doesn't even seem real.

I can only imagine the hard core nerds that tossed down a grand for bitcoin in Jan 2010...I know they've bought an island by now... Grin

davidgdg

hero member

Activity: 552

Merit: 501

Quote from: frienemy on May 21, 2014, 04:36:39 PM

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

If you bought in 2010, there's simply no way you would have hodled your complete stash until now. You would have died of multiple heart attacks or by eyes popping out while staring at the chart by now.

frienemy

full member

Activity: 235

Merit: 100

I was promised da moon

Quote from: serenitys on May 21, 2014, 04:32:00 PM

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

If you bought in 2010, there's simply no way you would have hodled your complete stash until now. You would have died of multiple heart attacks or by eyes popping out while staring at the chart by now.

frienemy

full member

Activity: 235

Merit: 100

I was promised da moon

Quote from: serenitys on May 21, 2014, 04:22:21 PM

If you took the average increase (with presumed overvaluation) of all 4 years into account and added it to the 750 for Jan '14, what would the price look like for the end of 2014, and do you think that's a reasonable gauge?

I'd like to hear from bears and bulls (and whales!) if yall don't mind sharing.

Price would be at 12.127 USD then. I don't think that's very probable, because we have begun 2014 with a massive downward movement. Furthermore, this figure would already mean mainstream adoption IMO and I don't believe we will already reach this this year (although I'm a bull). We have only time left for a single "bubble" this year and I highly doubt it will take us above 10.000. In case the "bubble" coincides with the end of the year, then we might see high quatruple digits before the retracement.

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

Oh hold up...am I doing the math right on this?

Jan 2010

Bit is .002
If you bought $10.00 worth, you'd own 5000 btc?
And if you held onto it through all this time, all 5k, to today's $493, your bitcoin would be worth $2,465,000

And at one time, when it went to $1100, your bitcoin was worth $5,500,000??

LOL wow, no wonder yall are steamed! But hey, if that's actually correct above and I didn't do it wrong (because it seems like it really can't be that simple), and someone out there just held onto 5k btc from the beginning, to end up with 2 million dollars on a $10 buy is insane.

Even more insane if they bought a few hundred/thousand bucks worth.

Makes the rest of us want to go slam our heads into the walls though... Cry

Topic: Bitcoin has went up every single year since inception - page 2. (Read 3760 times)