[2016-12-29] ET: Heads you gain, tails you earn: Bitcoin glitters in 2016

[polynesia]

Heads you gain, tails you earn: Bitcoin glitters in 2016

http://economictimes.indiatimes.com/markets/stocks/news/heads-you-gain-tails-you-earn-bitcoin-glitters-in-2016/articleshow/56231841.cms

The seven bitcoins, accumulated over the past many months, have turned big winners in Madhur Todi’s portfolio this year.

His other investments , which include stocks, bonds and mutual funds, have underperformed or yielded measly returns in 2016.

Todi hit the jackpot when global bitcoin prices surged from $430 to $910 per BTC (unit for bitcoins) in 2016. A gain of over 100% makes bitcoins the best performer when compared with conventional asset classes such as equities, gold, real estate and bonds.

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[polynesia]

“But if you stay invested over a longer timeframe, there’s good possibility you’ll pocket good returns… Bitcoin prices double once every four years. Going ahead, bitcoin prices may remain firm,” Benson Samuel added.


Something lost in translation, Benson? 

[Benson Samuel]

“But if you stay invested over a longer timeframe, there’s good possibility you’ll pocket good returns… Bitcoin prices double once every four years. Going ahead, bitcoin prices may remain firm,” Benson Samuel added.


Something lost in translation, Benson? 

haha, yeah mate! Was more a discussion on the block rewards.
Was trying to explain to him that the price rise was a global phenomenon and not just isolated to demonetised India.
Lmao pocket good returns is something I would never say.. lol