2016 compared to other years?

[RodeoX]

I took a peek at the price you would have to pay on the first day of previous years to get a sense of annual growth. I rounded the percentages and found each year to be quite different in growth/loss, with gains dominating. It looks like this year we will have about doubled, but it ain’t over yet.

January 1, 2011 = $0.30
+$0.25 : 500% This is a rough estimate as the 2010 start value was basically 0.

January 1, 2012 = $5.10  
+$4.80 : 1600%

January 1, 2013 = $13.30
+$8.5 : 161%

January 1, 2014 = $801.00
+$787.7 : 5923%

January 1, 2015 =$310.00
-$477.70 : -61%

January 1, 2016 =$430.00
+$120.00 : 39%

January 1, 2017 =$967.00
+$546.00 : 120%

January 1, 2018 =$13546.00
+$12579.00 : 1300%



Total growth from start of 2011 (first reliable market data) until writing this. +$962.70 : 320900%

UPDATED Jan 11, 2018 +$13546.00 : 4515233%  


I’m not sure if this means anything but I found it interesting.

[malekbaba]

I took a peek at the price you would have to pay on the first day of previous years to get a sense of annual growth. I rounded the percentages and found each year to be quite different in growth/loss, with gains dominating. It looks like this year we will have about doubled, but it ain’t over yet.

January 1, 2011 = $0.30
+$0.25 : 500% This is a rough estimate as the 2010 start value was basically 0.

January 1, 2012 = $5.10   
+$4.80 : 1600%

January 1, 2013 = $13.30
+$8.5 : 161%

January 1, 2014 = $801.00
+$787.7 : 5923%

January 1, 2015 =$310.00
-$477.70 : -61%

January 1, 2016 =$430.00
+$120.00 : 39%

January 1, 2017 = ?

Total growth from start of 2011 (first reliable market data) until writing this. +$962.70 : 320900%
I’m not sure if this means anything but I found it interesting.

I think on 1st Jan 2017, price of 1 BTC will be $1000+. I have a friend in Finland. He bought 10 BTC @ around 220, may be on 2015. I am not sure. And He will sell half of his BTC, if price goes above or at 1k per coin. It will be a great pleasure for him and for me as well. I wish I had 1 btc at least.

[uneng]

2016 was the year of stability. It's not possible to know yet what will happen, and it's hard to have a prediction too, but looks bitcoin will become stable more and more, 2017 can be the year that more persons start buying bitcoins and more sites start accepting it, as they want stability.
Investors are looking for a trusted currency, and bitcoin prooved it.

[QuestionAuthority]

That kind of looks like something I read about ACADIA Pharmaceuticals Inc., up 3095% in 3 years from 97c to $31.00. ATH for them was $42.49 (4100% profit WOW). I sure wish I bought up thousands of shares of ACADIA a few years ago but hindsight is 20/20. That's why I always cruse the listings for new releases under a dollar. If you get lucky a thousand dollar investment can make you a millionaire quick.

I think Bitcoin growth would look a lot like Facebook's growth if it was made public from the very beginning. You would see Facebook going from several thousand to hundreds of millions of users.

[Tanic]

I am in bitcoin work only from May of this year. And I have never been interested in bitcoin history too much. But I noticed that many places start to accapt bitcoin as payment and I think in next year bitcoin is going to be more spread in this meaning.

[Tanic]

I am in bitcoin work only from May of this year. And I have never been interested in bitcoin history too much. But I noticed that many places start to accapt bitcoin as payment and I think in next year bitcoin is going to be more spread in this meaning.

[topesis]

I took a peek at the price you would have to pay on the first day of previous years to get a sense of annual growth. I rounded the percentages and found each year to be quite different in growth/loss, with gains dominating. It looks like this year we will have about doubled, but it ain’t over yet.

January 1, 2011 = $0.30
+$0.25 : 500% This is a rough estimate as the 2010 start value was basically 0.

January 1, 2012 = $5.10   
+$4.80 : 1600%

January 1, 2013 = $13.30
+$8.5 : 161%

January 1, 2014 = $801.00
+$787.7 : 5923%

January 1, 2015 =$310.00
-$477.70 : -61%

January 1, 2016 =$430.00
+$120.00 : 39%

January 1, 2017 = ?

Total growth from start of 2011 (first reliable market data) until writing this. +$962.70 : 320900%
I’m not sure if this means anything but I found it interesting.

Good job with your research but it is interesting that it is only in 2015 that we have negative growth, alot of people are  projecting $3000/BTC, though time will tell

[LabaDaba]

Thanx and great job on numbers buddy

[xavier77]

I took a peek at the price you would have to pay on the first day of previous years to get a sense of annual growth. I rounded the percentages and found each year to be quite different in growth/loss, with gains dominating. It looks like this year we will have about doubled, but it ain’t over yet.

January 1, 2011 = $0.30
+$0.25 : 500% This is a rough estimate as the 2010 start value was basically 0.

January 1, 2012 = $5.10   
+$4.80 : 1600%

January 1, 2013 = $13.30
+$8.5 : 161%

January 1, 2014 = $801.00
+$787.7 : 5923%

January 1, 2015 =$310.00
-$477.70 : -61%

January 1, 2016 =$430.00
+$120.00 : 39%

January 1, 2017 = ?

Total growth from start of 2011 (first reliable market data) until writing this. +$962.70 : 320900%
I’m not sure if this means anything but I found it interesting.

Thank you for your research. Supposedly, the price won't fall below $700 this year in 2017. The Bitcoin Network is developing further with the introduction of new Altcoins who in turn, support Bitcoin Network unknowingly.

[ifightformerkel]

Thank you for the nice summary, it is impressive how bitcoin is growing and growing every year more.

I think at the 1. January 2018 we will see a price over 2.500 Dollar, it can only go up with bitcoin in the future, when you see what is happening backstage.

[RodeoX]

Thanks everyone for your kind words, it was not that much work. I'm still most surprised at how unique each year turned out. I expected they would mostly show gains, but they vary so much more than I would have guessed. It really shows the boom and bust cycles. I wonder if it will be more stable with mainstream adoption?

[iqlimasyadiqa]

2016 was the year of stability. It's not possible to know yet what will happen, and it's hard to have a prediction too, but looks bitcoin will become stable more and more, 2017 can be the year that more persons start buying bitcoins and more sites start accepting it, as they want stability.
Investors are looking for a trusted currency, and bitcoin prooved it.

I agree with you . throughout this epidemic bitcoin prices fairly stable. only a few times a bitcoin increases and decreases drastically. I think 2016 will be one of the best years bitcoin. year which makes bitcoin increasingly popular among the people of the world.

[QuestionAuthority]

Thanks everyone for your kind words, it was not that much work. I'm still most surprised at how unique each year turned out. I expected they would mostly show gains, but they vary so much more than I would have guessed. It really shows the boom and bust cycles. I wonder if it will be more stable with mainstream adoption?

I do appreciate your work in determining the percentage of growth per year. It's nice to see that Bitcoin is following a similar pattern to most stock release growth charts. I didn't expect that. We all get caught up in the perception that Bitcoin is so unique it defies classification, which of course isn't true.

With stocks you see a rapid increase in the first few years as a company gains traction in their respective market. Thousands of percent increases are not uncommon because the value of the shares are going from pennies to large dollar amounts. After the first few years it becomes almost impossible for any stock to give a thousand percent increase because the dollar amount necessary is just too far out of reach. For example, at a starting price of $900 Bitcoin would need to grow to $53,307 to gain another 5923% increase as it did in 2014. That means an individual trading in "shares" of Bitcoin will need to pay $53,307 for just one. Even the most wealthy, and foolhardy, investors will do a double take on that one. While insane gains are no longer realistic smaller gains are still impressive. From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

[RodeoX]

...
With stocks you see a rapid increase in the first few years as a company gains traction in their respective market. Thousands of percent increases are not uncommon because the value of the shares are going from pennies to large dollar amounts. After the first few years it becomes almost impossible for any stock to give a thousand percent increase because the dollar amount necessary is just too far out of reach. For example, at a starting price of $900 Bitcoin would need to grow to $53,307 to gain another 5923% increase as it did in 2014. That means an individual trading in "shares" of Bitcoin will need to pay $53,307 for just one. Even the most wealthy, and foolhardy, investors will do a double take on that one. While insane gains are no longer realistic smaller gains are still impressive. From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

All very good points!
And at the same time the supply is increasing assuming new coins remain available for circulation.
Here is some more fun with math to make your point. It take an ever increasing amount of capitol to move the price up by the same percentage.  


Date                           Market cap                 Price                Supply
January 4, 2015    -     $ 3,856,200,918         $ 281.79           13,684,794    

So in this year it took  $2,631,749,890 to go up 53% or about $49,655,658 pr percentage point.

January 3, 2016    -     $ 6,487,950,808         $ 431.45           15,037,467

Over about the next year it took $7,627,735,314 to go up 104% or about $73,343,609 per percentage point.

December 25, 2016 - $14,115,686,122    $878.81           16,062,338



 Source: https://coinmarketcap.com/historical/

[cpfreeplz]

I'm really surprised we didn't ever see a correction. I mean there has been some ups and downs of about $20 or so but that's just every day in bitcoins land. It looks like we'll be pretty steady for the new year!

[QuestionAuthority]

...
With stocks you see a rapid increase in the first few years as a company gains traction in their respective market. Thousands of percent increases are not uncommon because the value of the shares are going from pennies to large dollar amounts. After the first few years it becomes almost impossible for any stock to give a thousand percent increase because the dollar amount necessary is just too far out of reach. For example, at a starting price of $900 Bitcoin would need to grow to $53,307 to gain another 5923% increase as it did in 2014. That means an individual trading in "shares" of Bitcoin will need to pay $53,307 for just one. Even the most wealthy, and foolhardy, investors will do a double take on that one. While insane gains are no longer realistic smaller gains are still impressive. From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

All very good points!
And at the same time the supply is increasing assuming new coins remain available for circulation.
Here is some more fun with math to make your point. It take an ever increasing amount of capitol to move the price up by the same percentage.  


Date                           Market cap                 Price                Supply
January 4, 2015    -     $ 3,856,200,918         $ 281.79           13,684,794    

So in this year it took  $2,631,749,890 to go up 53% or about $49,655,658 pr percentage point.

January 3, 2016    -     $ 6,487,950,808         $ 431.45           15,037,467

Over about the next year it took $7,627,735,314 to go up 104% or about $73,343,609 per percentage point.

December 25, 2016 - $14,115,686,122    $878.81           16,062,338



 Source: https://coinmarketcap.com/historical/

That true and great to see. It seems like it would be disheartening because the ridiculous profits are gone forever but it's just the opposite for me. I see the huge increases in price as proof that people are still interested in Bitcoin. A huge amount of money needs to be chasing Bitcoin for small percentage changes now and that's reassuring for a long term investor.

I've decided to do a stepped selloff of my holdings as I do with any investment but I'll never sell all of them for fear that bitcoin will never stop growing. I don't expect to live long enough to see $50k bitcoins but fully expect to see $3-$5k bitcoins.

[Biodom]

Thanks everyone for your kind words, it was not that much work. I'm still most surprised at how unique each year turned out. I expected they would mostly show gains, but they vary so much more than I would have guessed. It really shows the boom and bust cycles. I wonder if it will be more stable with mainstream adoption?

From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

A premature conclusion, perhaps. Why?

15.6 bil is not a large stock, more like a midcap, plus the comparison should be (in my opinion) to currencies and/or asset classes (stocks, bonds, RE, precious metals). Precious metals are one of the smallest asset classes with total value at $7-8 trillions.
$1 tril for bitcoin is quite possible if it gets 15% of gold value eventually. It would still be miniscule in comparison with the other asset classes.
Two funds (10bil size) already wanted to buy 30-50K bitcoins ea offmarket. They were refused, hence they, presumably, had to go to exchanges, resulting in the recent $800-970 pop. There are MANY funds MUCH larger in size.
I would be disappointed if bitcoin (or crypto as a whole) does not make it to $40-50K within a decade.

[The Sceptical Chymist]

2016 was the year of stability. It's not possible to know yet what will happen, and it's hard to have a prediction too, but looks bitcoin will become stable more and more, 2017 can be the year that more persons start buying bitcoins and more sites start accepting it, as they want stability.
Investors are looking for a trusted currency, and bitcoin prooved it.<snip>

Stability, lol.  We were stuck at $420 for months, and most everyone here was bitching about stagnation.  Then we popped to more than double that to where we are now.  How is that a year of stability?  Bitcoin is not a 'safe haven' asset and people who flee to safety don't buy anything crypto-related.  You'd be hard-pressed to call bitcoin safe.  It's highly volatile and speculative.

[QuestionAuthority]

Thanks everyone for your kind words, it was not that much work. I'm still most surprised at how unique each year turned out. I expected they would mostly show gains, but they vary so much more than I would have guessed. It really shows the boom and bust cycles. I wonder if it will be more stable with mainstream adoption?

From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

A premature conclusion, perhaps. Why?

15.6 bil is not a large stock, more like a midcap, plus the comparison should be (in my opinion) to currencies and/or asset classes (stocks, bonds, RE, precious metals). Precious metals are one of the smallest asset classes with total value at $7-8 trillions.
$1 tril for bitcoin is quite possible if it gets 15% of gold value eventually. It would still be miniscule in comparison with the other asset classes.
Two funds (10bil size) already wanted to buy 30-50K bitcoins ea offmarket. They were refused, hence they, presumably, had to go to exchanges, resulting in the recent $800-970 pop. There are MANY funds MUCH larger in size.
I would be disappointed if bitcoin (or crypto as a whole) does not make it to $40-50K within a decade.

That's to say I expect Bitcoin to stay between 15-25% and -15-25% growth as any mature stock would. Bitcoin does have a small cap compared to market leaders but even small and mid sized corporate stocks follow the same movement patterns when mature. I think an expectation of continued 5000% growth for any mature asset inside of a decade is very wishful thinking. I can't name one that's done it and I've been investing in various markets from real estate to common stocks to precious metals for 40 years. I'm probably one of the only people you will ever talk to in your life that actually invested in the Chicago pork belly futures market. I've always love the extreme and bitcoin is definitely extreme.

[Biodom]

Thanks everyone for your kind words, it was not that much work. I'm still most surprised at how unique each year turned out. I expected they would mostly show gains, but they vary so much more than I would have guessed. It really shows the boom and bust cycles. I wonder if it will be more stable with mainstream adoption?

From this point forward, I fully expect Bitcoin to stay in the normal growth range for a mature stock.

A premature conclusion, perhaps. Why?

15.6 bil is not a large stock, more like a midcap, plus the comparison should be (in my opinion) to currencies and/or asset classes (stocks, bonds, RE, precious metals). Precious metals are one of the smallest asset classes with total value at $7-8 trillions.
$1 tril for bitcoin is quite possible if it gets 15% of gold value eventually. It would still be miniscule in comparison with the other asset classes.
Two funds (10bil size) already wanted to buy 30-50K bitcoins ea offmarket. They were refused, hence they, presumably, had to go to exchanges, resulting in the recent $800-970 pop. There are MANY funds MUCH larger in size.
I would be disappointed if bitcoin (or crypto as a whole) does not make it to $40-50K within a decade.

I think an expectation of continued 5000% growth for any mature asset inside of a decade is very wishful thinking. I can't name one that's done it and I've been investing in various markets from real estate to common stocks to precious metals for 40 years. I'm probably one of the only people you will ever talk to in your life that actually invested in the Chicago pork belly futures market. I've always love the extreme and bitcoin is definitely extreme.

Well, Apple (AAPL) was definitely mature in 1996 (after two decades of listing), yet it went from the low of 0.48 in Dec 1997 (split adjusted) to 28.30 (split adjusted) in Dec 2007, which is 5796% within a decade. I grant you that it is a rare case, but....it exists.