thejaytiesto (OP)
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Activity: 1358
Merit: 1014
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November 02, 2015, 06:49:57 PM |
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The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price: http://oneyearbitcoin.info/I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares. |
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pissedoff
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November 02, 2015, 06:58:32 PM |
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Due to the bitcoin market's volatile condition its not very useful to calculate the yearly gain.
I prefer weekly and monthly gain comparison.
Also if the current trend continues the price is going to rise more.
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Slark
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Activity: 1862
Merit: 1004
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November 02, 2015, 07:34:26 PM |
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Due to the bitcoin market's volatile condition its not very useful to calculate the yearly gain.
I prefer weekly and monthly gain comparison.
Also if the current trend continues the price is going to rise more.
This is fair idea imo. Also what about 2013, when bitcoin was worth more than $1100 for some short time? So it means that 2014 year was catastrophic in terms of bitcoin yearly gain? And as we all now it was not really that hard. |
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Amph
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Activity: 3206
Merit: 1069
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November 02, 2015, 07:36:03 PM |
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bitcoin is always increasing this is known, p&d are common and they will be true forever no matter the stability and the adoption
those that were proclaming its death, were troll that want you to sell so they can buy cheaper, it seems that at some point it worked...
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Mickeyb
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November 02, 2015, 08:50:42 PM |
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It's great to see Bitcoin recovering and as you said, even having price higher than a year ago, at this moment by more than $30. I had never a doubt it will recover though. Even though I have to admit that it was hard to look it's price in $200s and sometimes even flirting with breaking this $200.
I am happy, very happy these day when I see the price in $300 range, anywhere in this range!
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eizh
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November 02, 2015, 10:35:40 PM |
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Much worse has happened in BTC history. $1200 to $200 doesn't compare to the $31 to $2 plunge.
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NorrisK
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Activity: 1946
Merit: 1007
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November 02, 2015, 10:39:16 PM |
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Much worse has happened in BTC history. $1200 to $200 doesn't compare to the $31 to $2 plunge.
Very true. That must have pain a very very painful event for a lot of people. Also this decline was not nearly as steep, took more than a year to go below one fourth of the ath. I'm getting a good feeling for this month, even though I still think we are overdue for some correction. (or was the fall this weekend correction?) |
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Sir_lagsalot
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November 03, 2015, 12:37:01 AM |
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Much worse has happened in BTC history. $1200 to $200 doesn't compare to the $31 to $2 plunge.
There was a 31 to 2 plunge? Damn, bitcoin holders must have been crying. I've only ever heard of the 1000-200, so I guess you learn something new every day. I hope there isn't a $300-$0 plunge any time soon  |
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pitham1
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Activity: 1232
Merit: 1000
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November 03, 2015, 02:03:07 AM |
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The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price: http://oneyearbitcoin.info/I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares. We should look at the gains / losses from Jan to December. That is what people will look at over a period of time. But it looks like 2015 is going to be a positive year. |
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Plento
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Activity: 129
Merit: 1
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November 03, 2015, 03:07:40 AM |
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Good thing I invested 2 years ago... not.
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1990BEARS
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November 03, 2015, 06:06:06 AM |
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yes i think without mtgox the bitcoin trend will have been always upward and strength with green!
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bitcoinbettingtips
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November 03, 2015, 07:49:25 AM |
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I am pretty sure the yearly gain will be positive this year. That is after two year long bear market. There are more adoption, awareness of bitcoin. Bitcoin will appreciate further into the future.
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EternalWingsofGod
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November 03, 2015, 08:31:45 AM |
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Being back on a positive year to date is a good sign.
For most of Bitcoins history its year to date has always been higher than the previous year, with exception to the last decrease from 1000 to 200 when the trend has broken.
If it follows the historical trend of Year to Year returns it is a positive statement.
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Betwrong
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Activity: 3262
Merit: 2144
I stand with Ukraine.
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November 03, 2015, 08:44:53 AM |
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The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price: http://oneyearbitcoin.info/I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares. I don't think it is possible to talk about yearly gain of Bitcoin seriously because we can get very different numbers analyzing different time spans. But I absolutely agree with you on that Bitcoin can recover from the worst nightmares. |
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yurinov
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Merit: 10
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November 03, 2015, 08:54:39 AM |
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bitcoin is always going to be rising each year!!
never red always green
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bitcoinbettingtips
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November 03, 2015, 12:51:41 PM |
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bitcoin is always going to be rising each year!!
never red always green
This is not true at all. The price dropped in 2014. The yearly return for 2014 is negative. The price is still negative for the last 12 months. |
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maincoin
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November 03, 2015, 12:52:21 PM |
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Don't jinx it, the year is not over yet. Anything can happen in these last 2 months of 2015.
Crossing my fingers that it will continue to raise in value
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mcplums
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November 03, 2015, 01:00:36 PM |
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Much worse has happened in BTC history. $1200 to $200 doesn't compare to the $31 to $2 plunge.
Yup, and LTC owners had it even worse, $47 to $1.5 |
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Amph
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November 03, 2015, 03:11:39 PM |
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bitcoin is always going to be rising each year!!
never red always green
This is not true at all. The price dropped in 2014. The yearly return for 2014 is negative. The price is still negative for the last 12 months. but the absolute average measured from the beginning, is still showing a green average, that's the point 2014 compared to 2012 is still a price increase, for example... |
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n2004al
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Activity: 1134
Merit: 1000
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November 03, 2015, 03:17:41 PM |
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The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price: http://oneyearbitcoin.info/I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares. This is a good news but (having sorry) don't mean almost nothing. These data serve only for statistics and the statistics are only figures. These don't give any data that can help to understand the behavior of the price of bitcoin in the future. So at least with the same probability the price can go high or down. More or less. No one can know. Everyone of us want to see the price at the sky but our desires have the same power as the statistics. No one. Anyhow, let's hope that these signs continue in the days to come and be so for a long time. |
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