Topic: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! (Read 1805 times)
February 19, 2015, 08:02:05 AM
This is why it only make sense to look at it as long term investment.
February 19, 2015, 07:20:13 AM
The article was a very fun read, indeed. It's always funny how people who have no insight into the matter tend to pick up on the latest news and publish uninformed articles without looking back at the historic price of Bitcoin. Yeah, I think we will continue to perform badly 
February 19, 2015, 05:57:08 AM
what horrible reporting.. taking every high and then waiting for the low.. now that's math
Lol mate. It is satire on main stream media
Regards
February 18, 2015, 01:14:51 PM
but...but...the mainstream says it the WORST INVESTMENT! shut up!
February 18, 2015, 12:15:40 PM
Yikes, bitcoin has only increased 9,719,900% in value from the first market price(10k BTC for 25usd of pizza)... I was expecting so much more out of this investment 
LOL. Bitcoin is the best investment of our lifetimes and it hasn't even started. Whoever isn't big on BTC right now is mentally insane. February 18, 2015, 08:04:15 AM
what horrible reporting.. taking every high and then waiting for the low.. now that's math
February 17, 2015, 01:24:58 PM
Worst/Best invesment in X year means from 1 January to 31 December, not from the top to the bottom in the same year.
Good God, really?
Oh I can't even be bothered to google for that Nicolas Cage jpg. Just imagine it in this space. Unless of course you actually CAN'T.
February 17, 2015, 01:18:48 PM
This is probably the worst analysis I've ever seen. The OP simply cherry picked the high and low for each year, ...
Jesus FUCK. Why can't people read? Why can't people detect irony? Why does no one have a working theory of mind any more? I know everyone on the internet loves to declare themselves autistic, but surely it can't be EVERYONE?
I *didn't* read the link and I *still* figured out where the OP was coming from, largely from the three innocuous words 'let us explain'. Not 'here is a stupid argument I am making in all sincerity', but 'here is a stupid argument I am using to demonstrate the stupidity of other similar arguments'.
ETA: aaaand now I've read the link, and yep it's sarcasm. They should NOT have put the last sentence in though. No need to spoonfeed the slow people.
February 17, 2015, 01:10:27 PM
Yikes, bitcoin has only increased 9,719,900% in value from the first market price(10k BTC for 25usd of pizza)... I was expecting so much more out of this investment
February 17, 2015, 01:09:17 PM
Yeah you just use it(btc), and through more use it might help alot of other people find their own way through the (btc) system
and then thats the moon
and then thats the moon
February 17, 2015, 01:04:54 PM
Says the 'Litecoin' guy
February 17, 2015, 01:01:21 PM
Thank god it's the worst investment. Bitcoin was never intended to be an investment.
What is meant to be an investment? If it was never meant to be an investment there would be no halving or a long term limit supply.It was intended as a currency. What makes you think so?
Do you think having a different distribution rate would actually have made Bitcoin stable?
Also, the whitepaper doesn't say anything about investments, but it does mention the concept of electronic cash.
February 17, 2015, 01:00:04 PM
The entire post is sarcasm at the stupidity of the press. Note the end:
Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.
Quote
Bitcoin is doomed, kaput, done for, finito. We look forward to updating this post when we are in cycle 5. And yes, bitcoin has been the best investment of 2010-2014.
Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.
you won
February 17, 2015, 12:59:11 PM
This is probably the worst analysis I've ever seen. The OP simply cherry picked the high and low for each year, and then concluded that BTC lost a certain percentage based on the high and low for the year! Unfortunately for the OP, the price of BTC wasn't at the high on January 1st of each year and at the low on December 31st.
Using the same logic in reverse, one can also conclude that BTC was the best investment in those years because it gained an astronomical amount during that year based on the difference between the high and the low.
Move along, there is nothing to see here...
Using the same logic in reverse, one can also conclude that BTC was the best investment in those years because it gained an astronomical amount during that year based on the difference between the high and the low.
Move along, there is nothing to see here...
because it is light satire
February 17, 2015, 12:21:09 PM
Inclined to think 2014 btc was one of the best investments to buy... this story is just getting started.
February 17, 2015, 12:19:44 PM
Analysts can eat a dick. HODL!
February 17, 2015, 12:12:05 PM
Thank god it's the worst investment. Bitcoin was never intended to be an investment.
What is meant to be an investment? If it was never meant to be an investment there would be no halving or a long term limit supply.It was intended as a currency. What makes you think so?
February 17, 2015, 11:52:37 AM
The entire post is sarcasm at the stupidity of the press.
Turns out most people don't open the links.
Very true. Maybe LTG can make that clearer in the original post above???
February 17, 2015, 11:51:15 AM
The entire post is sarcasm at the stupidity of the press.
Turns out most people don't open the links.
February 17, 2015, 11:47:40 AM
The entire post is sarcasm at the stupidity of the press. Note the end:
Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.
Quote
Bitcoin is doomed, kaput, done for, finito. We look forward to updating this post when we are in cycle 5. And yes, bitcoin has been the best investment of 2010-2014.
Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.
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