Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! - page 2.

Bit_Happy

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A Great Time to Start Something!

Quote from: LiteCoinGuy on February 17, 2015, 10:57:00 AM

Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013

The mainstream media has declared bitcoin as the worst performing investment or currency of 2014. We did some analysis and found out that bitcoin has been the worst performing investment for all the past years too. Let us explain.

http://blog.zebpay.com/bitcoin-was-also-the-worst-performing-investment-in-2011-2012-and-2013/

In 2011 many people made HUGE profits from Bitcoin, especially those who were mining/buying big the year before.

kendog77

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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...

RodeoX

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The revolution will be monetized!

I guess what they mean is that they made no money from it, so it's the worst. Cheesy

Netnox

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Whether bitcoin was a good or bad investment is for each person different, depends when you bought and sold.

R2D221

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Thank god it's the worst investment. Bitcoin was never intended to be an investment.

BitAddict

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Worst/Best invesment in X year means from 1 January to 31 December, not from the top to the bottom in the same year.

LiteCoinGuy

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In Satoshi I Trust

Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013

The mainstream media has declared bitcoin as the worst performing investment or currency of 2014. We did some analysis and found out that bitcoin has been the worst performing investment for all the past years too. Let us explain.

http://blog.zebpay.com/bitcoin-was-also-the-worst-performing-investment-in-2011-2012-and-2013/

Topic: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! - page 2. (Read 1818 times)