Bitcoin still bigger in 2019 from all other Commodities - page 2.

gundala

full member

Activity: 896

Merit: 108

Quote from: lixer on January 16, 2020, 04:12:59 AM

2019 was indeed a very good year for Bitcoin, but some people really don’t know that.

The increase is far much ahead of what Gold was able to achieve , just that some noobs who invest when price is already at itsapex for the year, they just want it to keep going up so that they can keep making money until they have become rich overnight. They just see Bitcoin as a means for getting rich quick, and when they happen to be unfortunate they start whining in the forum about BTC being a scam and not increasing in price. They forgot that Bitcoin went from $3000 to $13000 last year.

Yes, that is true because most people compare it with prices in 2017. Even though if we look more specifically, the price increase in 2019 as a whole has good progress, and for those who succeed in predicting this with the analysis, they will definitely get a profit. and for those who want quick wealth without having sufficient knowledge in the cryptocurrency ecosystem, they will only get losses and excessive expectations will make them hurt. As you explained, they will say a scam.
Bitcoin is indeed a high-value commodity, but on the other hand, it has high volatility as well so the risk is also high. So it needs analysis to determine when the right position to buy and sell or hold.

wxxyrqa

full member

Activity: 1372

Merit: 137

Quote from: lixer on January 16, 2020, 04:12:59 AM

2019 was indeed a very good year for Bitcoin, but some people really don’t know that.

The increase is far much ahead of what Gold was able to achieve , just that some noobs who invest when price is already at itsapex for the year, they just want it to keep going up so that they can keep making money until they have become rich overnight. They just see Bitcoin as a means for getting rich quick, and when they happen to be unfortunate they start whining in the forum about BTC being a scam and not increasing in price. They forgot that Bitcoin went from $3000 to $13000 last year.

I completely agree with your opinion that few people know about the prices of Bitcoin and about changes in the cryptocurrency market besides the cryptocurrency user community. Although information about cryptocurrencies is constantly being heard in the media, few people turn to it from ordinary people. Nevertheless, I want to really pay attention to the opportunities that were provided at the beginning of 2019, when Bitcoin increased in price by almost 5 times and this was a great opportunity for many cryptocurrency users who invested their money in Bitcoin at the end of 2018.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: aomakun on January 07, 2020, 03:01:36 AM

Quote from: EdvinZ on January 07, 2020, 02:03:10 AM

The superiority of Bitcoin's profitability over all other precious metals and commodities can be explained by the fact that the cryptocurrency market is still very young and has a relatively small capitalization. As a result, the volatility of Bitcoin is strongly influenced by news, as well as both positive and negative actions of regulators in different countries.

in its age bitcoin is still said to be the investment that has the youngest age compared to other metals and minerals. but with this young age bitcoin provides potential and price movements that are quite good compared to other investments. Even though the risk is high, investors who choose to invest in bitcoin are also quite a lot, and certainly every year will provide an increase in the number of investors.

The number of investors is always in the ascending manner if we compare from the year 2010 and that is actually what is driving the price of bitcoins higher and higher. We all know the price of each cryptocurrency, including bitcoin depends on the demand and supply factor.

Supply is constant but demand keeps on rising which drives the price for bitcoins on the all time high peak each time. Investors would never lose their faith in bitcoins no matter how hard dump it takes, investors would utilize that dump to buy again and it would again drive the price upwards keeping bitcoins again on the top list as stated by OP.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Vision2020s on January 02, 2020, 04:04:49 AM

I read an article some days ago from CNN saying since bitcoin establishments in 2009 it has been the best Investment asset and the best in the last decade. So 2019 has to be no different, we focus on highs of bitcoin without observing the lows. Assuming we were paying attention to the lows we'll understand bitcoin has always been profitable year in year out. The volatile of bitcoin is what make it profitable, it can be low today but in matter of minutes give you 10-30% return of investment and matter of days give you 100% ROI, that's something most assets can't boost off.

Well if we put it in a big picture, it's like Bitcoin only moves up generally. Every year the price just goes up, and it is the only commodity I am aware of that increases rapidly unlike the mentioned commodities by the OP which is due to inflation as well as the demand plus it is regulated by the government anyway in the end.
I've read this page in Wikipedia about the price each year of Bitcoin: https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
Observe that even if it went from 31 USD to 2 USD the same year of 2011, it still managed to bounce back still.

lixer

hero member

Activity: 2688

Merit: 588

2019 was indeed a very good year for Bitcoin, but some people really don’t know that.

The increase is far much ahead of what Gold was able to achieve , just that some noobs who invest when price is already at itsapex for the year, they just want it to keep going up so that they can keep making money until they have become rich overnight. They just see Bitcoin as a means for getting rich quick, and when they happen to be unfortunate they start whining in the forum about BTC being a scam and not increasing in price. They forgot that Bitcoin went from $3000 to $13000 last year.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: EdvinZ on January 07, 2020, 02:03:10 AM

The superiority of Bitcoin's profitability over all other precious metals and commodities can be explained by the fact that the cryptocurrency market is still very young and has a relatively small capitalization. As a result, the volatility of Bitcoin is strongly influenced by news, as well as both positive and negative actions of regulators in different countries.

As a whole, they are all investment platforms where people could gain profits into, but to be aligned mostly to some metals, I think bitcoin do really have a very different aspect how it performs in the market. And probably, the most likely it could be compared and contrasted should be with the stock market. In which both are digital, and with a huge similarity when it comes to strategies we need to implement to gain profit. In my experience, if we have certain knowledge in investing on stock, indeed, this knowledge is somehow applicable to analyzing market graphs in cryptocurrency.

aomakun

sr. member

Activity: 1020

Merit: 253

JangaCams.com

Quote from: EdvinZ on January 07, 2020, 02:03:10 AM

The superiority of Bitcoin's profitability over all other precious metals and commodities can be explained by the fact that the cryptocurrency market is still very young and has a relatively small capitalization. As a result, the volatility of Bitcoin is strongly influenced by news, as well as both positive and negative actions of regulators in different countries.

in its age bitcoin is still said to be the investment that has the youngest age compared to other metals and minerals. but with this young age bitcoin provides potential and price movements that are quite good compared to other investments. Even though the risk is high, investors who choose to invest in bitcoin are also quite a lot, and certainly every year will provide an increase in the number of investors.

EdvinZ

sr. member

Activity: 994

Merit: 260

The superiority of Bitcoin's profitability over all other precious metals and commodities can be explained by the fact that the cryptocurrency market is still very young and has a relatively small capitalization. As a result, the volatility of Bitcoin is strongly influenced by news, as well as both positive and negative actions of regulators in different countries.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: karanggatak on January 06, 2020, 07:44:22 PM

yes bitcoin is the most profitable investment tool compared to other commodities. in 2019 yesterday bitcoin has increased more than 100% if we buy bitcoin at the beginning of the year when the price of bitcoin is $ 3,500 then if we hold it until July then we already have a large profit because at that time the price of bitcoin rose to $ 14,000. but for people who buy bitcoin in 2018 when the price is high. of course 2019 was a bad year for him. that's why many investors have complained in 2019 because cryptocurrrency is experiencing a downward trend.

From the previous month of the bitcoin, the bear conquers the market, and many people are afraid to trade because of the low market price before 2020 the graph of the bitcoin shows a good sign of the bulls run because there is a trade against the price graph. Now the prediction is accurate because the price of the bitcoin now is continuously pumping from the dump of 680p dollars rapidly pumping into 7800 dollars and this is a good sign for investment or to buy a bulk of bitcoin to get more profit when it reached the highest point again.

Murat

hero member

Activity: 2156

Merit: 711

Telegram @tokensfund

It's not about anything special, This is the thing which we are talking about for a long time, but the main thing is that Bitcoin is not a product, So don't compare Bitcoin with anything else, I hope Bitcoin price will get high more in the coming days than we previously observed, if it doesn't happen then Bitcoin will face a lot of crisis because people have invested in this system a lot only because of Bitcoin, so It means a lot, Bitcoin requires a halving which enhances this platform so long, let's see what will happen in the coming next.

karanggatak

hero member

Activity: 1106

Merit: 506

yes bitcoin is the most profitable investment tool compared to other commodities. in 2019 yesterday bitcoin has increased more than 100% if we buy bitcoin at the beginning of the year when the price of bitcoin is $ 3,500 then if we hold it until July then we already have a large profit because at that time the price of bitcoin rose to $ 14,000. but for people who buy bitcoin in 2018 when the price is high. of course 2019 was a bad year for him. that's why many investors have complained in 2019 because cryptocurrrency is experiencing a downward trend.

affandi

hero member

Activity: 672

Merit: 500

Quote from: marcous on January 05, 2020, 10:04:16 PM

gold does not have a significant effect if we invest. But if seen from the increase it is clear the price of gold rises every year and is safer. Of course, when compared to price movements, Bitcoin is more tempting but very risky. We never know how long Bitcoin/cryptocurrency will last.

Yes, this is cryptocurrency. profitable but very risky to lose. but to be honest, gold is not appropriate when compared with bitcoin. in my opinion, bitcoin and other crypto will still survive and bitcoin is nearing its peak.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: DreamStage on January 02, 2020, 02:27:04 AM

As we close out 2019, Bitcoin has come out on top compared to all other commodities once again. It brought the highest returns this year by far.

Bitcoin’s returns in 2019 trumps all other commodities. The leading cryptocurrency brought in returns almost double that of the second-best performing commodity this year.

Bitcoin: +100%
Palladium: +57%
Gasoline: +34%
Coffee: +30%
Lumber: +27%
Platinum: +19%
Gold: +18%
Silver: +15%
Sugar: +13%
Wheat: +11%

Full Source here

Despite of all the ups and downs we had this year so far, it really looks good so far in terms of economic growth.

Probabily it will grow even more after upcoming halving and more new investors and countries will most likely start their way into such investment option.

This just show us who's the boss when comparing Gold with Bitcoin considering Gold being only +18%

Thats good by the way because at least it not pump too much than 2017 like. It was better if it continue to pump in normal way because it was not good to invest when it suddenly pump because there has a high possibility that it would run down mostly as fast as it can. Like the 2018 that was ruin everyone's expectations.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: sovie on January 06, 2020, 12:29:51 PM

I don’t think there is anyother investment that gave such huge return.

This. It's so funny when people call Bitcoin boring and almost 'threaten' to put their money into a different asset class if Bitcoin doesn't quickly do something.

A lot of people have no prior experience with anything related to investing, which explains why they are so ignorant and reckless. Anyone calling Bitcoin boring just because it hasn't gone up 500% in a matter of months is desperately in need of a reality check. Try put your money into stocks, Gold, etc. You'll be wishing to not have invested in any of these assets with such an attitude.

People who want fast gains don't need Bitcoin. There are a wide variety of options available to make your wildest dreams come true, but the reality is that more people end up broke chasing the quick money.

sovie

sr. member

Activity: 1274

Merit: 265

Bitcoin profit is always in the long run. Those who can buy and hodl bitcoin get huge profit. What need to understand is that this 100% profit doesn’t came in few days. Those who bought bitcoin when it was trading at 4000$ earlier in 2019 had the opportunity to sell it off later at 11500$. I don’t think there is anyother investment that gave such huge return.

BitcoinsGreat

sr. member

Activity: 1022

Merit: 280

Quote from: kro55 on January 03, 2020, 11:57:59 AM

Thank you OP for highlighting this aspect of bitcoin else there are threads that says 2019 is bearish. You can get enormous gain on bitcoin provided you have bought it at start of 2019 when bitcoin was at its lowest. Investors prefer other markets like gold, equity and forex as they are more stable, mature and driven by fundamentals.

Bitcoin moved from 3500$ to around 13800$ this year and no other commodity moved to 4.5x. Bitcoin is bearish because after reaching 14K, it is constantly on a downtrend to 7200$ now. Also i think people want bitcoin to cross the all time high and till that time, they consider it to be in bearish mode.

Bonenx14

sr. member

Activity: 1033

Merit: 250

Leading Crypto Sports Betting & Casino Platform

Quote from: barabarian1 on January 05, 2020, 10:38:07 PM

This is interesting information, so we know that even in 2019 bitcoin has not reached bullish bitcoin, but it still provides a bigger profit than other investments. bitcoin has a high risk but if we can use the volatility well we will get a profit. we can use bitcoin for short-term investments or long-term investments depending on market conditions.

market conditions have indeed become one of the references for investing, if the bearish market might be better to invest long-term but there must be some research first. and to invest in bitcoin for a short period of time it may be that the profit resistance will be smaller, and always take advantage of the potential.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

easy to calculate if we will only look about the growth of bitcoin last 2019,from $3000 level last January it climbs to $7000 level in December so this means we are in more than 100% bigger last year.

but that is good to mention here mate,after everything that brings bad issue in the past yet there are some good to happen.

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

Quote from: DreamStage on January 02, 2020, 02:27:04 AM

As we close out 2019, Bitcoin has come out on top compared to all other commodities once again. It brought the highest returns this year by far.

Bitcoin’s returns in 2019 trumps all other commodities. The leading cryptocurrency brought in returns almost double that of the second-best performing commodity this year.

Bitcoin: +100%
Palladium: +57%
Gasoline: +34%
Coffee: +30%
Lumber: +27%
Platinum: +19%
Gold: +18%
Silver: +15%
Sugar: +13%
Wheat: +11%

Full Source here

Despite of all the ups and downs we had this year so far, it really looks good so far in terms of economic growth.

Probabily it will grow even more after upcoming halving and more new investors and countries will most likely start their way into such investment option.

This just show us who's the boss when comparing Gold with Bitcoin considering Gold being only +18%

You should know that Gold has been around for a long time and its index reflects the reality of what the world is doing. As for Bitcoin, although its index has shown a significant increase after each year, it is still considered a valuable asset. Do you think it is reasonable that it is just a digital asset and is exaggerated by people? It cannot even pay for services in many countries and it is always criticized by many great economists. You should reconsider the long-term growth of bitcoin.

barabarian1

sr. member

Activity: 938

Merit: 250

This is interesting information, so we know that even in 2019 bitcoin has not reached bullish bitcoin, but it still provides a bigger profit than other investments. bitcoin has a high risk but if we can use the volatility well we will get a profit. we can use bitcoin for short-term investments or long-term investments depending on market conditions.

Topic: Bitcoin still bigger in 2019 from all other Commodities - page 2. (Read 873 times)