And 2016’s best-performing commodity is ... bitcoin?

[Orangina]

Bitcoin has had a banner 2016.

After two years of lackluster returns, the price of a single coin soared more than 100% this year — putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January of that year to an all-time high of $1,242.

Bitcoin traded as high as $867 on Thursday, according to Coin Market Cap, causing its overall market capitalization to sail past the $14 billion mark, eclipsing the market value of, say, Twitter Inc.

Source : http://www.marketwatch.com/story/and-2016s-best-performing-commodity-is-bitcoin-2016-12-22

[1715024373]

1715024373

[1715024373]

1715024373

[1715024373]

1715024373

[Bedebah]

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

[boybugs18]

Hope greedy people/government just ignore bitcoin we have almost freedom in here not like the paper money that it was always centralized and no anonymity on it.

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

on a consumer note I think its much better if it just stay for $1000-1500 in 2018 but if goes on $2000 price traders will rejoice , I dont have any research on my point it just I think its better when it is on $1000 price range for consumers.

[LFC_Bitcoin]

I think if we could continue this bull run up to around $1500 & perhaps with a fall back to $1200 followed by a year or so of stability that'd be best for us. I don't think a meteoric rise would be a good thing based on no good news because we'd have a crash after which would scare people away.

[bitbunnny]

Hope greedy people/government just ignore bitcoin we have almost freedom in here not like the paper money that it was always centralized and no anonymity on it.

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

on a consumer note I think its much better if it just stay for $1000-1500 in 2018 but if goes on $2000 price traders will rejoice , I dont have any research on my point it just I think its better when it is on $1000 price range for consumers.

That is true. If the price goes to high it might happen that Bitcoin becomes currency for elite because many people could not afford it and then it would be concentrated among smaller circle of people. On the other hand big jump in price would be good for current Bitcoin holders, they could profit very much.

[newIndia]

Yes. Undoubtedly. Let us see, what 2017 holds for us...

[Velkro]

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

Very possible indeed as we see now.
I always believed in bitcoin, always, too bad i sold not so long ago :/
I feel pain.

[raja2sumi]

yess u are right absolutely .as u see the price of bitcoins have decreased to a very  good level,due to the hacking that occurred recently but now the price of bitcoins have recovered to a very next level ,so now the price of bitcoins is increasing and  it will reach to a level of 1100 dollars in no time.

[szpalata]

Yes it has certainly outclassed Gold, Silver and other alt coins so it deserves the "best-performaning commodity " tag.

[eternalgloom]

I think if we could continue this bull run up to around $1500 & perhaps with a fall back to $1200 followed by a year or so of stability that'd be best for us. I don't think a meteoric rise would be a good thing based on no good news because we'd have a crash after which would scare people away.

The situation now is definitely different from the one back in 2013. We've been seeing a steady rise without the bubble caused by Mt. Gox back then.
We'll go over $1000, but this time it will not happen as fast.

[Pettuh4]

yess u are right absolutely .as u see the price of bitcoins have decreased to a very  good level,due to the hacking that occurred recently but now the price of bitcoins have recovered to a very next level ,so now the price of bitcoins is increasing and  it will reach to a level of 1100 dollars in no time.

We are looking forward to that feet, and maybe upto $2000 by the end of 2017

[franky1]

bitcoin is NOT a commodity..

commodity is a raw material used to create other products.
EG
wheat->bread
gold->jewellery/circuits
oil -> car fuel plastic

bitcoin belongs in the currency grouping and then within that, the asset market.

definitely not the commodities market.

its like some people cant even pass high school economics these days to know the basics

the article seems to be wrote by someone that has no market knowledge.
first talking about commodities.. then jumping into bitcoin.. then into the corporate share market..

serious failings for the article writer.
oh and twitter is not a commodity either..

[Dmitry.Vastov]

No doubt about that. Bitcoin price grows more than 100% this year. This is more profitable than other precious metals like gold and silver. The price increase really quick. Its.more valuable than other.

[pereira4]

I feel bad for all the people that I have tried to warn over the past year and a half. I kept telling them how obvious it was that bitcoin would go to 1000+ again and surpass the ATH towards a new unseen high, but they just wouldn't listen. They would say bitcoin is a scam and it's dead because "it cant scale". A lot of idiots have bought the big block nonsense and are now missing on those measly gains.
Oh wait, I don't really feel bad for them at all. Merry christmas!!

[merchantofzeny]

It seems like the price is increasing every 2 day or so. It's almost insane. I regret not hearing about this sooner enough. People I know that had btc also regret exchanging their btc for fiat a few months ago. Now it became more unlikely for me to buy bitcoin, considering how high the price is now (44k in my currency, more than double the average monthly salary).

[Yutikas_11920]

It seems like the price is increasing every 2 day or so. It's almost insane. I regret not hearing about this sooner enough. People I know that had btc also regret exchanging their btc for fiat a few months ago. Now it became more unlikely for me to buy bitcoin, considering how high the price is now (44k in my currency, more than double the average monthly salary).

Yup, it's the right thing. And this is the advantage of the long wait, because I was already extremely long to wait for benefits like this. As you know the advantages in the bitcoin is better compared to the advantage of others. This is something that will make the higher growth of the bitcoin because now this bitcoin showed his excellence more than anything else.Of course all the people who are already investing in gambling is sure to benefit 100% or even more
 

[Nahl]

2013 still the best year for bitcoin because bitcoin reach to the highest price at that year and yes after several years stuck at the lower price then in 2016 slightly but sure that bitcoin has showing good sign with almost back again to $1000 but in the beginning of 2017 i wish there will be no more situations that bitcoin dropped at $500 below

[davis196]

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

I think the price will go down after January 2017 and after that will continue to increase slowly.

I`m not such optimist about reaching $2000, but bitcoin is still strong.

[Shady]

Even though the price is soaring, the boom isn't finished kicking in. As more people collect from faucets, use or make web services or accept BTC payments the circulation opens up to people not previously involved in this economy.

It takes no precaution to whether there is an end or not. The solution is clear, here on out more will surely come.

[alyssa85]

What happened in India on November 8th certainly seems to have given bitcoin a filip. Never saw that coming - i thought adoption would come from the south american countries.