Bitcoin Forum

Economy => Economics => Topic started by: Febo on January 02, 2018, 03:12:47 PM



Title: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Febo on January 02, 2018, 03:12:47 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: samsgrant on January 02, 2018, 03:21:44 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585

The year we had was quite amazing but I fear it could be an outlier, although I like many would probably be happy if we can even have a year similar to that of 2012 or 2016 with around a 100% growth in bitcoin price.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Don Pedro Dinero on January 02, 2018, 04:15:10 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585

The year we had was quite amazing but I fear it could be an outlier, although I like many would probably be happy if we can even have a year similar to that of 2012 or 2016 with around a 100% growth in bitcoin price.

We hope to still have many great years in the future, but I don’t think many years with over 1000% returns are possible. Even if we reached McAfee’s latest prediction, that could be achieved in a couple of years with those returns. So, I think it is more likely we’ll get two or three-digit percentage increases at most.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: BrewMaster on January 02, 2018, 05:42:50 PM
i would consider 2017 the first best year for bitcoin really. mainly because all the previous years even the biggest rises of all times in the early years were 100% pure speculation game of people finding out about bitcoin and buying more of it driving the price up.

this year however there is still mostly speculation game but there are also a lot of real adoption for bitcoin. we are seeing real physical merchants out there accepting bitcoin that have never existed back in 2010,...


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: wxa7115 on January 03, 2018, 04:00:40 AM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
But this is true when we think of it in terms of percentage, when we see this in terms of dollars this has been the best year so far and seems like a breakthrough year to me, a year in which bitcoin is no longer a coin known to some people in an obscure part of the internet, bitcoin is finally going mainstream and we'll see more of this in the next years.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: katinko on January 03, 2018, 04:14:38 AM
That was nice number in bitcoin i am happy to see that every year was good to invest in bitcoin even small percentage of increase still there would be gives good profit to all of us. Now i am excited to see what would happen this year that is why for now i invest good amount of capital as starting for this year.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: AlaitisalKhayr on January 03, 2018, 04:18:36 AM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
Bitcoin future is bright, we still wait the next halving. Many people will earn bitcoin as much as possible before halving happen. When the supply decrease 50% it will make the price rise to the moon.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: RamonBTC on January 03, 2018, 04:28:14 AM
That’s awesome and gladly to be part even one of those year 2017 and looking forward for more great coming years in bitcoin and cryptocurrency future. Last year is the fastest increases in its history and to have that to be duplicated this 2018 is possible. I’d rather stay than leaving bitcoin as it help a lot of person like me to grow.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Sadlife on January 03, 2018, 04:36:16 AM
The year 2017 was definitely the best, if you've invested millions in 2015 you will get 1000% return of your investment. The volatile nature isn't bad as we thought it would be, because of it we can buy cheap BTC then hodl and wait for another bullish run like 2017 were the price value reached $20k in just a few weeks.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: alisafidel58 on January 03, 2018, 04:56:09 AM
2017 was really the best year for bitcoin due to a lot of investor that has been joining bitcoin and theres a lot of mainstream media thats making bitcoin in its limelight, no expected that from $900 it would reach up to $20k in 2017,in just a whole year it the price change drastically.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: newwest on January 03, 2018, 05:17:08 AM
2017 was really the best year for bitcoin due to a lot of investor that has been joining bitcoin and theres a lot of mainstream media thats making bitcoin in its limelight, no expected that from $900 it would reach up to $20k in 2017,in just a whole year it the price change drastically.


Al over the world 2017 was the year for btc because every where in the world be it newspaper, print media, T.V etc one thing was common and that was cypto currency every where. Due to this wild spread news people started buying and the every one got aware about it. This lead to huge demand and the price rose very quickly.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: kevoh on January 03, 2018, 05:20:43 AM
2017 was truly one of the best years for bitcoin and will also be known as the year that bitcoin grabbed the attention from investors. It is also the year that some major cryptocurrencies, not just bitcoin alone, transformed into real assets.

Hopefully, 2018 will bring more positive news for Bitcoin. The competition from other cryptocurrencies in the market is very stiff and bitcoin lost some of its market dominance to the altcoins.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: inlovewith on January 03, 2018, 05:26:19 AM
I'm glad 2014 and 15 weren't that great, I was out those years. Biggest mistakes of my life.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: inlovewith on January 03, 2018, 05:29:22 AM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
But this is true when we think of it in terms of percentage, when we see this in terms of dollars this has been the best year so far and seems like a breakthrough year to me, a year in which bitcoin is no longer a coin known to some people in an obscure part of the internet, bitcoin is finally going mainstream and we'll see more of this in the next years.

The percentage represents the amount earned for anyone who bought.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: kokobaba880 on January 03, 2018, 05:51:52 AM
Yes Bitcoin is good in many years and it is true that the year 2017 was best for the bitcoin for several reasons like bitcoin was used for trading and for investment and it was used for payments in the europe countries as well. If we compare the previous years i think 2017 was very lucky for the investors because they have earned good amount over their investment in the crypto currencies.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: h0lybyte on January 03, 2018, 06:06:03 AM
The past year was truely best for bitcoin since its startup, a lot of people were grasped into bitcoin trading, i  haven't seen such fastest growth in bitcoin ever before. People expect that 2018 would be more better and favourable to bitcoin and some altcoins as well. I hope bitcoin keeps all time high record during this year and we all achieve respective goals


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Erza on January 03, 2018, 12:01:24 PM
The year 2017 was definitely the best, if you've invested millions in 2015 you will get 1000% return of your investment. The volatile nature isn't bad as we thought it would be, because of it we can buy cheap BTC then hodl and wait for another bullish run like 2017 were the price value reached $20k in just a few weeks.

We can't never know how much the price is going to be, all of these is still some speculation to make so we never know how long is the price going to drop or rise. But what I can say here if you believe on bitcoin then you should set your logically amount that it will hit and after that you should sell it right away. This is the possible way to earn some profit

Mean while this year price is keep on rising, so I would suggest that hodl it will be a better option. 2018 will be the best since many speculation said it will hit $20,000-$30,000 again


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: JL421 on January 03, 2018, 05:11:00 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
2017 gave bitcoin it's break. It's stability and the quick growth on the price chart made bitcoin a very prospective investment. It even helped altcoins to grow as well. Increase in people's support helped bitcoin tackle volatility. It will mostly cross 30 k by the end of the first half of 2018.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: bering on January 03, 2018, 06:03:21 PM
comparing from the previous years i think popularity of bitcoin was increase rapidly on 2017 and in that year also bitcoin has break people predictions with reach the highest price in the history and although possibly on 2018 bitcoin price will more higher than now but i would like to says i agree that 2017 is the best year for bitcoin and bitcoin users because investment in bitcoin is the right choice and not useless


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: 13abyknight on January 03, 2018, 06:16:21 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585

Based on net growth and not percentage statistics, 2017 has clearly been the best year for Bitcoin with an opening at the three figure mark and closing at much over the five figure mark. Pretty sure the whole world of speculators were talking about $5k~ for the first 6 months of the year and Bitcoin breached all expectations reaching to as much as $20k.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: plasmafrog75 on January 03, 2018, 06:39:12 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
We have seen over the past years BItcoin development has been very good, especially in 2017, but do you think that 2018 it will not be favorable? You can see in early 2018 it has started to silence not raise prices and even dropped. This is something that many people have to think about


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: dayem708 on January 03, 2018, 07:14:24 PM
I would like to say 2017 is the very fast best year for btc. btc grow up his own way!
But i think 2018 will be the better year for btc.. hope it will raise more than $20k.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: ajqjjj on January 03, 2018, 07:20:32 PM
I would like to say 2017 is the very fast best year for btc. btc grow up his own way!
But i think 2018 will be the better year for btc.. hope it will raise more than $20k.

There is no thread here in the forum for saying happy birthday wishes for bitcoin. This day first day bitcoin invented and comes to the market. You will find the bitcoin more bump this year for sure, I think we may find the bitcoin grows upto 25k USD before end of this year.
So next best year would be 2018. There are many companies and banks are allowing crypto platform in future for they comes with the new coin.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: AK47- on January 03, 2018, 07:41:54 PM
2018 will not be that good a year for BTC because of altcoins catching up. It will still rise and stabilize but 2018 will be the year of altcoins. In 2017 itself ether and some other alts showed more growth than BTC. 2018 will see rise of cryptos other than ether & BTC because increasing public awareness with them. Particularly keep an eye on IOTA & DASH.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: william8829 on January 03, 2018, 07:51:12 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585

market capitalization

2010 1,508,165

2011 39,960,000

2012 142,712,300

2013 9,268,240,000

2014 4,249,480,000

2015 6,399,190,000

2016 15,440,700,000

2017 216,326,000,000

src=https://blockchain.info/charts/market-cap (https://blockchain.info/charts/market-cap)


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Hateculd75 on January 03, 2018, 09:09:34 PM
The first years are always excellent because the price has gone crazy in a short, and then the rate of decline begins to decline, the year 2017 was great, but we must see a few corrections.

bitcoin doing well and price added massive amounts 2017 was great and hope to repeat it again.

dumping from 770 to 316 is also not bad  like dump from 14,000 to 7,000 or maybe less than that.
 2022 will be next amazing year.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: hase0278 on January 03, 2018, 09:30:01 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
I agree that 2017 was the 4th best year for Bitcoin as it is the year of the dawn of massive adoption of cryptos. It is the year that proved Bitcoin has real worth and is not just a Ponzi scheme although in the process some people still call it a bubble. At least it was legalized by some countries. I hope 2018 would be another year of Bitcoin development and rise. I hope it won't go to a bearish trend this year.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Hamphser on January 03, 2018, 10:16:20 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
I agree that 2017 was the 4th best year for Bitcoin as it is the year of the dawn of massive adoption of cryptos. It is the year that proved Bitcoin has real worth and is not just a Ponzi scheme although in the process some people still call it a bubble. At least it was legalized by some countries. I hope 2018 would be another year of Bitcoin development and rise. I hope it won't go to a bearish trend this year.
Theres no argue on that which I do really consider year 2017 is the best year for me. I don't consider on those earliest times since those years are only good for early adopters which mostly they do really benefited the most unlike now on where there are lots of bitcoins hodlers and did able to make money out of this years price increase which is really amazing. Hopefully this trend will continue on this new year.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: SrEasts on January 03, 2018, 10:19:37 PM
Although it may have been the 4th year in terms of percentage, its just stunning how high it reached value wise... 3 months ago most people were praying for it to reach 10k and they though that once it reached that value others would panic sell and bitcoin would drop (since 10k was the price to finally cashout at for many). Here we are 3 months later we had an ath around 20k and i think most of us expect a bright 2018 for cryptocurrency in general


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: chrmn27 on January 03, 2018, 10:23:56 PM
I believe 2017 is the year when Bitcoin boomed like "WOW". I only heard of bitcoin last year and I was amazed how my schoolmates get to know it considering we all now have various paths and we don't actually talk about it. They got their own knowledge about it from their new colleagues and from the internet. It proves to me how famous bitcoin was in 2017. I wish it could go more popular in 2018 and could go up in terms of its value.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Febo on January 05, 2018, 04:55:17 PM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
I agree that 2017 was the 4th best year for Bitcoin as it is the year of the dawn of massive adoption of cryptos. It is the year that proved Bitcoin has real worth and is not just a Ponzi scheme although in the process some people still call it a bubble. At least it was legalized by some countries. I hope 2018 would be another year of Bitcoin development and rise. I hope it won't go to a bearish trend this year.

Even if 2018 will be bearish. What then? History teach us that even after rare bearish years there are many strong bull run years. I dont expect any year with +1000% Bitcoin growth anymore. But that will also eliminate possible future bearish years also


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: Hydrogen on January 05, 2018, 10:47:41 PM
You see all beside year 2014 were positive.

....

That's a good point. I know 2014 wasn't the best year for bitcoin. Still that was a great time with Ross Ulbricht (aka Dread Pirate Roberts) claiming he inherited Silk Road from the previous Dread Pirate Roberts & had no idea where the original silk road came from. I know he's in prison now & probably not in the best circumstances but man that was hilarious.

2018 could be a key year for bitcoin. I think the new year will be pivotal in writing bitcoin's history. At this point, I don't think anyone knows what will happen. I'm clueless and am out of ideas. It appears the speculation and price volatility inherent in bitcoin is dying down as people come to the realization bitcoin isn't the easy money they initially thought it might be. That could be good for long term HODL / bitcoin as a store of value if market speculation decreases. Other than that, I'm expecting bitcoin & crypto to be a warzone, moreso than its been in past years.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: pitiflin on January 05, 2018, 11:09:52 PM
Some one to provide with useful information, as other idiots just blatantly make threads stating that "bitcoin has increased to its highest in terms of percentage" and blah and blah and blah. This year may or many not prove to be much affective for bitcoin because of various reasons, one would be that people are starting to despise bitcoin because of high fees and time consuming transactions. They are looking for better alternatives, so they are switching to Ripple, Stellar, ethereum etc. People don't want to know on how to use Segwit addresses nor do they care to learn, and yet blame bitcoin for it.


Title: Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
Post by: wxa7115 on January 14, 2018, 05:47:19 AM
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
But this is true when we think of it in terms of percentage, when we see this in terms of dollars this has been the best year so far and seems like a breakthrough year to me, a year in which bitcoin is no longer a coin known to some people in an obscure part of the internet, bitcoin is finally going mainstream and we'll see more of this in the next years.

The percentage represents the amount earned for anyone who bought.
Yeah I know that too, but there are many ways to look at the same date, what are you more impressed with a jump from 0.003 to 0.3 or from 980 to 13585, while the first jump is bigger and it is a 100x in a single year the jump in dollars is more impressive for the average person that is used to think in dollars, when bitcoin was worth a few cents no one was impressed, now that is worth several thousands of dollars people are impressed.