Fun Fact: Bitcoin Price is Up 838,000,000% in Ten Years’ Time

[CryptoBry]

Since its birth in 2009, Bitcoin has been on a remarkable run. The cryptocurrency was at first a currency for the fringe — used by those that wanted to bypass the pitfalls of traditional payment solutions, wanted to make a bet on the future of fintech, or wanted to make a statement against the fiat system, which was then embroiled in the aftermath of 2008’s Great Recession. Now, Bitcoin has entered the mainstream, frequenting the headlines of mainstream media outlets and becoming a part of the world’s vernacular.

While 838 million percent is obviously ludicrous, especially considering that this appreciation took place within a ten-year time period, some say that Bitcoin still has room to run. A lot more room.

...former Goldman Sachs executive Raoul Pal said that Bitcoin is still “very cheap” from a  “longer-term time horizon” perspective. Pal has previously argued that TC is the only asset that makes sense for Millenials and younger demographics because everything else is overvalued.

Read more here...

This post is a great reminder to all of us Bitcoin supporters, hodlers and enthusiasts that despite the dip the coin is in, there is no question that it has a great potential still waiting for the near-future and that can be happening this 2020 when the rewards halving is coming. There are still available rooms to grow for the King of Cryptos and this dip can be the best time to enter the bandwagon or to add more.

[Carlton Banks]

And bitcoin price is up ∞ (infinite) % percent since it's actual birth

that's exactly what I was writing just now in my post!


And of course, all cryptocurrencies had infinity percentage gains in their exchange rates. although not all had infinity percent losses

[Wexnident]

We can actually look at dips as not a negative event but rather a chance to hold more coins instead. We've alrwady hold for a long time, what's adding a bit more of months to that. Those who panic sells are mostly people whom are in just for a quick buck. Each and everyone of us whom have stayed with bitcoin for a long time know how it had reached its status today, from having no value to being to what it is today.

Let's wait for bitcoin to reach the top and look down to those whom underestimate its prowess look up to it.

[teosanru]

I think this is the most any currency/commodity/security/asset has boomed in such a short span. Moreover the increase in value is absolutely real and can be realized in any international market. I have seen currency values going down by that exponential rate in case of Zimbabwean Dollar but increasing at such a rate is a miracle. I think this is in itself a very big achievement for BTC and that also when there is not such a great widespread adoption prevalent. Bitcoin still just forms a very small proportion just 0.7%-.8% of the total world's Economy. I am just thinking of a number until which this value could go considering there is still a lot of population to come over blockchain.

[LFC_Bitcoin]

If we could even see the price rise 1000% in the next 10 years then I will be very happy

[ecnalubma]

838 million percent but still undervalued I wish some of my holdings will grew like that in next few years. Yet we see people still complaining about the price too high for their budget even it is in bargain state. I'm still accumulating and looking forward on the  scenario when all Bitcoins are mined.

[InvoKing]

If we could even see the price rise 1000% in the next 10 years then I will be very happy

Some people will buy a whole archipelago not only an island. For me i will just buy LFC 

And bitcoin price is up ∞ (infinite) % percent since it's actual birth

Goddamn mathematics how attractive this equation 

[Ayiranorea]

The market itself infinite, so is the growth of the cryptocurrencies. Market being infinite means regularly more and more cryptocurrencies were getting developed and reaching the market for usage. At present it has crossed 2000, and keeps counting. We don't know how much more to come same as the growth of bitcoin price.

[Ailmand]

There is still no certainty up to what price will bitcoin reach that is why a lot of people are accumulating bitcoin and trying to save it for future use. Cryprocurrency is still not fully recognized and mass adoptation is not yet fully achieved. Imagine if crypto starts beig part of our society, the demand will rise and the possibility of bitcoin price having a new ATH is not far from reality. Crypto still has a long way to go, and a lot of people have trust on it.

[dothebeats]

Bitcoin has effectively outpaced every known asset/investment to man in just a decade, and people are still tagging bitcoin as something surreal, too good to be true and all that doubt while bitcoin kept on pushing and pushing. It has helped transfer wealth too, since most of the computer geeks of 2010 may have heard of bitcoin and are now living on the grandeur bitcoin has brought them for the past years. Knowing that bitcoin is still pushing through the limits up until now, I expect that percentage to rise gradually over the next coming years,

[strunberg]

Its great growth from  bitcoin.maybe  its hold new  record for highest portofolio growth ever in only 10 years.and its not stopping yet,i see possibility that bitcoin price will growth again on end of 2020 0r 2021.there is no assest  value have same growth with  bitcoin so far , even gold or oil or stock.

[Yaunfitda]

And that is why bitcoin is the best performing assets we have seen. Although there's a lot of commodity/assets around, in the last ten years, bitcoin has been out performing them.

And still in it's infancy we have ballooned to over 838,000,000%? What's gonna happy in the next ten or twenty years from now? Is bitcoin creating a new set of millionaires for casual and average joe's and billionaires for those whales?

[Herbert2020]

And bitcoin price is up ∞ (infinite) % percent since it's actual birth

that's exactly what I was writing just now in my post!
And of course, all cryptocurrencies had infinity percentage gains in their exchange rates. although not all had infinity percent losses

well if we think like that then price of anything you can think of has gone up infinite percentage since they never existed before they were created!
but usually these percentages are calculated from actual market value of the asset, and the "closing price" is used. meaning the price where the market closed with not the 0 that it started from. in which case you can find the first market data for the first day of trading and see what the price was and then calculate the percentage.

[BitHodler]

It's bull food.... whenever they need an argument to claim a desperate "victory" over any more profitable asset during the last few months or years, they point out how much Bitcoin has gone up since its inception.

In a similar way, there are altcoins that have gone up millions of percentages too because they started at nearly zero. News outlets love these numbers because it provides them content for yet another crappy article.

[hugeblack]

We are talking about Bitcoin as a currency, so it should be related to the cheapness of tx costs, the increase of shops that accept it, decentralization and other advantages.
What you are talking about price up with xxx%, it is an investment that may be considered wrong due to currency volatility.
Overall we are expected to return to the $ 20,000 levels within a year so it is interesting to think that the price is very cheap compared to what will happen in the future.

[buwaytress]

Funny, was just telling someone on another XYZ% in ABC timeframe thread that even if Bitcoin dropped to 1 cent, we'd still be up several thousand percent from roughly ten years ago -- not going to claw my way back to find threads to prove this but I guess this thread title gets the gist.

There's no guarantee of a best time, though, even if I jumped on a little earlier and still getting as much of my feet into the bandwagon's back now (when did we backtrack from rocket to wheels now?haha)!

[shield132]

I don't understand why people think that 10 year was the period where bitcoin did it's max and in future it can't do anything significant. People, can you remember currencies/payment methods from past? At first it was (normal one) silver, gold coins, then paper money, then money in digital form which is almost absolutely the same cause you deposit/withdraw and use the same money and now we have cryptocurrencies. Those old currencies needed centuries for massive adoption and bitcoin did the most unbelievable job during this 10 year, it did thing that other currencies/payment methods weren't able to do during centuries. Since bitcoin did that job in 10 year, why not to imagine this case and think that it can do far much in next 10 year? Don't be a pessimist regarding innovations and just don't stick with only old things, sometimes we have to get out from our comfort zone in order to find better one.

[Oceat]

Its great growth from  bitcoin.maybe  its hold new  record for highest portofolio growth ever in only 10 years.and its not stopping yet,i see possibility that bitcoin price will growth again on end of 2020 0r 2021.there is no assest  value have same growth with  bitcoin so far , even gold or oil or stock.

The 2020 year will surely give us a heads-up about of the incoming bull run maybe at the first of the year we can slowly feel the spirit of bullishness. And 10 years from now is still too far yet these ridiculous prediction and speculation coming from every where is making me laugh at the same time. Lol

[serjent05]

It seems that the percentage will lose some numbers on it since here is not.. so.. fun fact that happen recently :  Trigger-Happy Bitcoin Whales Send $24 Million in BTC to Two Exchanges  Many fear that this BTC movement is moved to exchang for dumping.

We are talking about Bitcoin as a currency, so it should be related to the cheapness of tx costs, the increase of shops that accept it, decentralization and other advantages.
What you are talking about price up with xxx%, it is an investment that may be considered wrong due to currency volatility.
Overall we are expected to return to the $ 20,000 levels within a year so it is interesting to think that the price is very cheap compared to what will happen in the future.

I guess the percentage is calculated on the initial price when Bitcoin hit an exchange.  It is not about the volatility or something.

[exstasie]

It seems that the percentage will lose some numbers on it since here is not.. so.. fun fact that happen recently :  Trigger-Happy Bitcoin Whales Send $24 Million in BTC to Two Exchanges  Many fear that this BTC movement is moved to exchang for dumping.

That's possible. However since they were sent to Bitfinex and OKEx, it's also possible they are planning to buy BTC on leverage, or altcoins. 3,500 BTC split between two exchanges is nothing to get worked up about anyway.