[2019-11-03] Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional

[Jgilpulg]

With its spectacular performance, Bitcoin certainly already merits the title of 2019’s best-performing asset.

https://bitcoinist.com/bitcoin-ytd-performance-exceeds-traditional-assets/

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[hatshepsut93]

It's stupid to compare Bitcoin with stocks and other assets, they have different mechanisms behind their value and they have different volumes and market maturity. With this kind of reasoning, you can pick some stupid shitcoin that increased by 1000% and say that it outperforms Bitcoin, so it's the best investment. Or take penny stocks - no one compares them to Apple or Microsoft, even beginner investors would understand that it's stupid.

[CryptoBry]

With its spectacular performance, Bitcoin certainly already merits the title of 2019’s best-performing asset.

From the viewpoint of an asset investor who has no emotional or intellectual attachment into it, this is really the top performing investment vehicle anyone can take a ride. Starting some years ago, Bitcoin has had been performing so well in comparison to stocks, gold, commodities and maybe even forex. Of course, there is that volatility one has to contend with but overall Bitcoin is by far the best in 2019 and maybe even in 2020 because of the coming halving. This is the reason why many fund managers are now including Bitcoin to their respective portfolio of the possible gains.

[bbc.reporter]

It's stupid to compare Bitcoin with stocks and other assets, they have different mechanisms behind their value and they have different volumes and market maturity. With this kind of reasoning, you can pick some stupid shitcoin that increased by 1000% and say that it outperforms Bitcoin, so it's the best investment. Or take penny stocks - no one compares them to Apple or Microsoft, even beginner investors would understand that it's stupid.

For hedgefund traders however, they might consider bitcoin to be one of the best performing speculative investments. It acts like a manipulated penny stock for an asset priced so high.

[ChrisPop]

I think Bitcoin has been the best performing asset in the last few years not just in 2019. Bitcoin is a commodity that it is trading already in some institutional grade exchanges like CMEs and Bakkt, but it has a long way to reach the maturity and stability of the stock market, but.. isn't that what traders/investors want? - volalility and large price swings so they can capture the movements?

I think the performance comparison between Bitcoin and stocks & commodities is a fair one as they're all assets that have decent liquidity and exposure in the market. Penny stocks NOT so much.

[BitHodler]

It acts like a manipulated penny stock for an asset priced so high.

Poor liquidity. It's helping Bitcoin to get pumped through the roof, but at the same time also subjects people to nasty 80-90% pullbacks. We all like the part where the price pumps, but when it dumps it really really sucks.

During the next bull run I'll be selling a large portion of what I own, probably 40-50% because I firstly don't think there is much potential left after that, and the fact that I don't want to go through an 80-90% correction again with full bags.

[Theb]

I'm not liking the comparison given by the article more particularly the tweet that is based on it. Bitcoin in that tweet is being compared to the most stable assets known around the world this consists of mostly blue chip companies as well as stable precious metals which if compared to Bitcoin, a volatile asset, would surely lose. But if we mention stocks in the SMEs, penny stocks or some newly launch IPOs not only found in USA then surely the 140% ytd by Bitcoin will be nothing compared to it not to mention that we are talking about stocks a more stable asset compared to Bitcoin.

[audaciousbeing]

With its spectacular performance, Bitcoin certainly already merits the title of 2019’s best-performing asset.

https://bitcoinist.com/bitcoin-ytd-performance-exceeds-traditional-assets/

Except one has some high level insider information which is illegal by the way, there is no stock that would do the return that bitcoin has done in recent years and not even the precious commodities we have across the globe and even currency itself for those trading in the forex market. I think this is one of the news that needs to be pushed out rigorously in other to counteract the effect the proponents of the disadvantages of the presence of volatility in the crypto ecosystem as a prohibiting block to mass adoption. While that might look restricting the use of bitcoin to be a store of value, it still does not change the fact that at this moment, its one factor that makes this market interesting.

[buwaytress]

Maybe we should start comparing Bitcoin to non-traditional commodities and assets then. Can't seem to find the original source but at some point a few months ago, Bitcoin was almost at par (behind) avocados, fuelled by hipster dreams of eating avocado toast at premium prices. Agriculture has seen quite a few commodities achieve boom periods too, thanks to this Western concept of superfoods heh. In my meagre lifetime, I've seen humble fruits nobody gives a second look at back home, achieve global stardom and price tags.

But ok, on a serious note, I wonder if someone could pull out the historical performance of any of these traditional assets. When gold or oil first hit the market... how did their first 11 years look like I wonder? Probably a lot like Bitcoin!

[1Referee]

But ok, on a serious note, I wonder if someone could pull out the historical performance of any of these traditional assets. When gold or oil first hit the market... how did their first 11 years look like I wonder? Probably a lot like Bitcoin!

https://goldprice.org/ this site offers a chart of Gold that's going back to the year 1973.

The first stage indeed looks like how Bitcoin and a lot of speculative assets have performed. Boom and bust cycles happen in every market, regardless of the asset. The only difference between legacy assets and Bitcoin is that legacy assets some times need a decade or more to end one cycle, while Bitcoin only needs 1-4 years to do so.

Going back to Gold, it had a peak of $750/oz in 1980 where after the correction that followed needed 27 years to break it! That's nuts lol.

[Kprawn]

It's stupid to compare Bitcoin with stocks and other assets, they have different mechanisms behind their value and they have different volumes and market maturity. With this kind of reasoning, you can pick some stupid shitcoin that increased by 1000% and say that it outperforms Bitcoin, so it's the best investment. Or take penny stocks - no one compares them to Apple or Microsoft, even beginner investors would understand that it's stupid.

I disagree. It boils down to numbers ... and Bitcoin is winning, when it comes down to numbers. If you just look at the average increase in the

yearly price, since January 2019... then Bitcoin kicks a$$ over any other traditional investment option. Looking back a few years, you will still see

a upward trend in the price for those people who wants a long-term investment. I have loads of different investments in my investment Portfolio

and none of them have outperformed Bitcoin in the last 5 years. 

[hugeblack]

With its spectacular performance, Bitcoin certainly already merits the title of 2019’s best-performing asset.
https://bitcoinist.com/bitcoin-ytd-performance-exceeds-traditional-assets/

A one-year comparison will ultimately lead to misleading results. Things were different last year as many people lost a lot of money after the crazy rises in 2017.
@Ron Paul has a nice vote to give a reward of about $ 10,000 and hold it for 10 years, whichever asset you choose ------> https://twitter.com/RonPaul/status/1191384535755317249 (Bitcoin Win)

People seem to lost trust in the value of traditional assets over the coming years and Bitcoin seems to have gained some legitimacy.

[1Referee]

@Ron Paul has a nice vote to give a reward of about $ 10,000 and hold it for 10 years, whichever asset you choose ------> https://twitter.com/RonPaul/status/1191384535755317249 (Bitcoin Win)

People seem to lost trust in the value of traditional assets over the coming years and Bitcoin seems to have gained some legitimacy.

Not shocking at all given the fact that the recent turmoil made even the most hardcore common joes aware of how rotten this system actually is. It's a no-brainer for people to not choose fiat as that yields a guaranteed loss of ~20% in purchasing power after 10 years. Bitcoin yields not only a dazzling increase in purchasing power, but also financial sovereignty.

Gold isn't a bad option either as I'm confident that the metal will do well, but given its immense $9 trillion market cap, it's not going to do as well as Bitcoin.

The dollar's purchasing power chart looks much worse than most shitcoin charts within crypto. South it'll keep going.

[hatshepsut93]

A one-year comparison will ultimately lead to misleading results. Things were different last year as many people lost a lot of money after the crazy rises in 2017.
@Ron Paul has a nice vote to give a reward of about $ 10,000 and hold it for 10 years, whichever asset you choose ------> https://twitter.com/RonPaul/status/1191384535755317249 (Bitcoin Win)

Ron Paul's twitter followers don't represent the whole population, in fact they represent only one specific group - libertarians, and that group is a tiny minority. You can't use this poll to say that average joe's prefer Bitcoin, you can only say that about Ron Paul's fans.

People seem to lost trust in the value of traditional assets over the coming years and Bitcoin seems to have gained some legitimacy.

If this was the case, we would have the Great Depression 2.0 today. But Bitcoin indeed gains legitimacy, few people call it a ponzi or a bubble, compared to earlier times.

[bbc.reporter]

It acts like a manipulated penny stock for an asset priced so high.

Poor liquidity. It's helping Bitcoin to get pumped through the roof, but at the same time also subjects people to nasty 80-90% pullbacks. We all like the part where the price pumps, but when it dumps it really really sucks.

During the next bull run I'll be selling a large portion of what I own, probably 40-50% because I firstly don't think there is much potential left after that, and the fact that I don't want to go through an 80-90% correction again with full bags.

Poor liquidity would indeed make trading easier to manipulate, however, bitcoin's liquidity is in billions. It should be hard to manipulate, unless exchanges' reports are fake or the liquidity is on leverage.