Bitcoin Forum

right from where bitcoin started to the all time high, what is the return on investment?

Has anything outperformed it in the past or present?

governments get oil for free by shooting iraqi's, and sell tanker trucks of the stuff for thousands

surgeons do operations on people for the cost of 2 scalpals, a bunch of sutures. and receive a $10k per operation bill payment

companies bottle water, where the main cost is a couple cents for the plastic bottle. and sell it for a couple dollars

jokes aside..

a red paper clip bartered its way to buy a house
http://en.wikipedia.org/wiki/One_red_paperclip

Oil saw pretty similar gains in the early days of the internal combustion engine (https://medium.com/@agilemofo/why-you-should-care-about-bitcoin-1a812f8fa7cd).

You have to actually pick a reasonable starting timeframe. From January 3rd 2009 when they were worth nothing to the first trade when they were worth something? No, I doubt anything has bested infinity percent...

And it's probably not reasonable to use the first few recorded trades as a starting point, since the volume was so low. As your start point, maybe pick the first month where total trading volume was over $5M (that's still tiny!) or something...


But to answer your question without being either precise or pedantic, I think during Uber's last raise ($1.2B at a $17B valuation), it was noted that their seed rounds had returned better ROI than bitcoin, and that people couldn't really think of anything else that had.

The approx. $600 valuation right now is still totally Mickey Mouse compared to the potential upside of this tech. If this stuff lives up to its potential, then the price right now will seem like single digits do right now.

Word cup betting?...  ;)

With most investments I would be happy with a 10% ROI. I can't think of anything that approaches bitcoin.

$600 will seem like pennies in a few years.

That is pretty insane! But Bitcoin isn't done yet  ;)

http://i41.photobucket.com/albums/e281/just2100/GermanyHyperChart1_zpsf7722619.jpg (http://s41.photobucket.com/user/just2100/media/GermanyHyperChart1_zpsf7722619.jpg.html)

Surgeons had invested hundred of thousands on education and they operate in hospitals that cost tens of millions to build and they operate with medical robots that costs as high as millions so I would say it's a preety big investment before you can actually operate someone.

Lots of companies start with very little and grow exponentially. I don't think bitcoin is special in this regard.

No room for the truth here, let's just be jealous that someone else trained more than us and makes more money because of it, a big portion of which goes to the hospital and to pay malpractice insurance.  Not to mention they actually save lives instead of the worthless job that the poster probably has.

There's been loads... http://www.thinkadvisor.com/2013/04/23/8-of-historys-best-investments?page=2

I'm thinking about people who worked in Steve Job's garage for stocks of the future Apple

They have 6 and 7 figure insurance policies as well.

Yes tulips. Look how that turned out

MSFT and AAPL stock didn't do too bad, but over a longer timeframe.

I'm sure some genetic company that finds a cure to breast cancer will do quite well in just 1 or 2 days.

http://s14.directupload.net/images/140625/i8v6dzwb.png (http://www.directupload.net)


"we will never reach 10 USD"  :P

lol im so tired of people comparing tulips with bitcoin; you can plant infinite number of tulips, but there is only 21 milion bitcoins in the end, actualy bitcoins also get lost, wallets deleted and so on, so there will never actualy be 21 mil in circulation.

if you want bitcoin price higher, just wait until bigger players come in.

if u look at it that way anything with a market cap above 6B has outperformed bitcoin.

i could write a 5 page essay explaining the whole financial scam involved in healthcare and insurance., but thats off-topic, so to summarise in short.
a hospital built in 1980 is paid in full (no mortgage or rent)
the heart rate monitors/x-rays/MRI bought by heart foundations and government healthcare budgets are pre-bought. no rental or per-use fee's
surgeons and nurses get paid a salary, whether they are in a operating room, or the staff canteen all day.
the only true costs of surgery are things that cannot be used twice (scalpels, sutures, gauze)
MHO (medical health organizations) make profit by having actual costs.. and then adding on fake rents, charging excessive fee's for use of TV, phone even an extra pillow.

if uk national insurance/american halthcare insurance was obliterated. and there was a system of pay what you use, on a TRUE and NON-profit basis, you would see the true costs

if you strip away all the fake fee's and see a true cost of surgury. then look at the final bill. you will be shocked.


6-7 figure liability, but only 2-3 digit premium cost

I can't insure my car for a 2-3 digit premium.

That's extremely misleading. That rise wasn't caused because gold was shooting up it was because the marks were going down. That's like saying gold is up %1000 in dollars if the us dollar went down x10. While true it's very misleading.

Tulips : http://en.wikipedia.org/wiki/Tulip_mania

Give Bitcoin 30 years and remember the price it started trading at.  ;)

You could indeed give Bitcoin 30 more years, but it will only take 3 more years (https://www.youtube.com/watch?v=qHUPPYzzZrI) for this conversation to look ABSOLUTELY HILARIOUS in retrospect.

BRK.A was my first thought as well.