|
Title: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: LiteCoinGuy on February 17, 2015, 03:57:00 PM 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/ Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: BitAddict on February 17, 2015, 04:03:43 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.
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: R2D221 on February 17, 2015, 04:28:25 PM Thank god it's the worst investment. Bitcoin was never intended to be an investment.
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: Netnox on February 17, 2015, 04:35:29 PM Whether bitcoin was a good or bad investment is for each person different, depends when you bought and sold.
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: RodeoX on February 17, 2015, 04:38:18 PM I guess what they mean is that they made no money from it, so it's the worst. :D
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: kendog77 on February 17, 2015, 04:42:57 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... Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: Bit_Happy on February 17, 2015, 04:45:48 PM 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. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: cr1776 on February 17, 2015, 04:47:40 PM The entire post is sarcasm at the stupidity of the press. Note the end:
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. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: R2D221 on February 17, 2015, 04:51:15 PM The entire post is sarcasm at the stupidity of the press. Turns out most people don't open the links. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: cr1776 on February 17, 2015, 04:52:37 PM 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??? Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: R2D221 on February 17, 2015, 05:12:05 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? Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: manselr on February 17, 2015, 05:19:44 PM Analysts can eat a dick. HODL!
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: mercistheman on February 17, 2015, 05:21:09 PM Inclined to think 2014 btc was one of the best investments to buy... this story is just getting started.
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: LiteCoinGuy on February 17, 2015, 05:59:11 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... because it is light satire ;) Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: LiteCoinGuy on February 17, 2015, 06:00:04 PM The entire post is sarcasm at the stupidity of the press. Note the end: 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 ;D Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: R2D221 on February 17, 2015, 06:01:21 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. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: LFC_Bitcoin on February 17, 2015, 06:04:54 PM Says the 'Litecoin' guy
;D ;D ;D ;D ;D Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: monkeygang on February 17, 2015, 06:09:17 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 Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: inBitweTrust on February 17, 2015, 06:10:27 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 :'(
https://i.imgur.com/Q85Ar1E.jpg Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: Nancarrow on February 17, 2015, 06:18:48 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. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: Nancarrow on February 17, 2015, 06:24:58 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. Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: tss on February 18, 2015, 01:04:15 PM what horrible reporting.. taking every high and then waiting for the low.. now that's math
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: manselr on February 18, 2015, 05:15:40 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.https://i.imgur.com/Q85Ar1E.jpg Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: LiteCoinGuy on February 18, 2015, 06:14:51 PM but...but...the mainstream says it the WORST INVESTMENT! shut up!
;) Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: buysellbitcoin on February 19, 2015, 10:57:08 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 Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: HarmonLi on February 19, 2015, 12:20:13 PM 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 :P
Title: Re: Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O ! Post by: Q7 on February 19, 2015, 01:02:05 PM This is why it only make sense to look at it as long term investment.
|
