Bitcoin Has Been Profitable for More Than 94% of its Existence

[cheezcarls]

We have all heard the warning, ‘past performance is not a guarantee of future results.’ However, this warning is hard to ignore when an asset like Bitcoin has generated profits across more than 94% of its lifetime.

This is exactly the case with Bitcoin (BTC), a cryptocurrency that is a little more than a decade old with a history of shattering its previous all-time highest values.

Source link here

I still feel some regrets though. Way back in 2010, somebody mentioned to me about Bitcoin and must invest some. I replied like "What the hell is Bitcoin?". I ignored that for so long until years later, well......you know how I feel.

I also know some of you are having the same feeling too. However, I know that it's not yet too late. I was just lucky enough in holding some satoshis while it's still around $3k in January and sold it when it reached almost $13k during the sudden boom.

For me, this is way more better than investing in gold, federal reserve notes or treasury bond, but highly risky as well.

[joinfree]

We have all heard the warning, ‘past performance is not a guarantee of future results.’ However, this warning is hard to ignore when an asset like Bitcoin has generated profits across more than 94% of its lifetime.

This is exactly the case with Bitcoin (BTC), a cryptocurrency that is a little more than a decade old with a history of shattering its previous all-time highest values.

Source link here

Bitcoin has surely done much more than most of the precious commodities on the international market especially Gold, Oil, Cocoa etc. Bitcoin has increased significantly for the past decade.

I still feel some regrets though. Way back in 2010, somebody mentioned to me about Bitcoin and must invest some. I replied like "What the hell is Bitcoin?". I ignored that for so long until years later, well......you know how I feel.

I share your feelings mate..i was introduced to bitcoin in late 2010 and i was like i don't really believe that this technology can stand the test of time. It felt to me like some of those flash in the pan activities. It was until 2017 that i heard so much rumours about it that i decided to make enough research about it again. At least i am glad i am now part of it even before the global adoption of Bitcoin.

[MURONDI]

no one expected that the price of bitcoin would be this expensive, I used to think bitcoin would sink and disappear, I used to think bitcoin would sink and disappear because the price keeps dropping to $ 200, first when getting bitcoin I immediately sold it and never thought to save it.

[Nhor1011]

  Nowadays that we have a modern technology ,I believe that investing in bitcoin is highly profitable if you have enough knowledge in this field. Comparing to other investment i prefer bitcoin even though it was so volatile. No one knows the future of bitcoin but while it is alive let's take this opportunity to invest and earn more.

[Baofeng]

I guess you're not the only one who regret's "dabbing" on bitcoin early. But we really don't think that bitcoin will go on like this, becoming one of the best speculative assets and turning to be profitable since its inception. However, we still have more time to accumulate BTC in our wallet and see how it goes in the next 10 years or so. You can also see the charts here:

https://en.bitcoinwiki.org/wiki/Bitcoin_history

[Google+]

bitcoin prices from the first created have a very low exchange value and indeed at this time many are becoming wealthy from owning bitcoin they get a lot of profit and the price of bitcoin will always experience price increases because and now it will be increasingly difficult to get bitcoin because of the influence of the total supply increasingly depleted.

[hello_good_sir]

I feel like I am always on the fence with articles/posts like these, I never really know what to say...

On one side, I think it's great that bitcoin would be seen as such a great investment, and these statistics are just nice to see for the eyes.

On the other side, I don't like bitcoin only being recognized for its investment values, and not as a payment method, it was not really what it was designed for, and I'd much prefer people focus on the payment methods it provides us.

[jossiel]

Each type of investment has its own merits and demerits. The risk management and appetite of other investors aren't the same as us who are into bitcoin, they prefer low-risk investments that has guaranteed profit at very low interest.

And obviously, for us who are in crypto, we all preferred to have it. While the feeling that you had mentioned, let's forget about that. Past is past and it's just part of our memories that we can't go back.

[Shasha80]

Actually I was quite surprised by the achievements of Bitcoin. And I regret having known bitcoin when still at the price of $ 300
did not collect as much as possible at that time. I am sure many people experienced what I felt. Because no one really expected
the growth of bitcoin to this size, therefore I personally do not be surprised by bitcoin has reached 94% profit. Now we better prepare
for the future where a few more months of bitcoin there will be a halving event which is predicted that the price will go up drastically
like the previous two halving. It's not too late to collect as much bitcoin as possible starting now.

[blckhawk]

What's highly worrying in Bitcoin is that since it's backed by nothing, and whales currently have the power to change the game, Bitcoin's price is highly unpredictable and thus, the risk and emotion alongside with investing in it pressures most of us here. Unless you're pretty much confident about the technology that you won't even care looking at the prices for long periods. However, this would be inefficient because of the volatility with the price.

[Kyraishi]

That's crazy, this is definelty going to make a lot of the traditional investors that never believed in a currency like bitcoin, FOMO.

What's highly worrying in Bitcoin is that since it's backed by nothing, and whales currently have the power to change the game, Bitcoin's price is highly unpredictable and thus, the risk and emotion alongside with investing in it pressures most of us here. Unless you're pretty much confident about the technology that you won't even care looking at the prices for long periods. However, this would be inefficient because of the volatility with the price.

That's true, but you could also make the case with a lot of other products, that are also backed by pure demand. It's great to see a currency grow with you and seeing your investment turning out well, is amazing.

94% of bitcoin's existence is a big number mate, something that should be celebrated for sure.

[crzy]

bitcoin prices from the first created have a very low exchange value and indeed at this time many are becoming wealthy from owning bitcoin they get a lot of profit and the price of bitcoin will always experience price increases because and now it will be increasingly difficult to get bitcoin because of the influence of the total supply increasingly depleted.

The demand for bitcoin before is none at all and very few are using bitcoin, but those who trusted bitcoin much before are now a millionaire which for me they deserve because of their trust. Its true that the demand right now has increased, and it becomes more profitable compare before. The supply will be more lessen next year and in the coming next year because of adoption and halving, buy not while its cheap.

[CryptoBry]

I still feel some regrets though. Way back in 2010, somebody mentioned to me about Bitcoin and must invest some. I replied like "What the hell is Bitcoin?". I ignored that for so long until years later, well......you know how I feel. I also know some of you are having the same feeling too. However, I know that it's not yet too late. I was just lucky enough in holding some satoshis while it's still around $3k in January and sold it when it reached almost $13k during the sudden boom. For me, this is way more better than investing in gold, federal reserve notes or treasury bond, but highly risky as well.

Indeed, compared to other investment vehicles, nothing can compare with Bitcoin in terms of return on investment or ROI. But then again, we know that when the rewards can be sky-high most likely the risks can also be the same. Volatility is like a two-edged sword for all of us and it works both ways offering profitability beyond compare or sometime a sudden drop in value (still we can use the dip as another opportunity to own more Bitcoin). And maybe one big reason why 94% of the time we can win with Bitcoin is that this asset has the ability to crawl back after a big dip.

I am happy for you since you were able to take advantage of the $13K spectacle shown by Bitcoin and maybe you also bought them back when it reached the $7k level. That is a wise Bitcoin investor in the making.  As for me, I am waiting for a big jump within December or maybe in the 1st quarter of 2020, hopefully.

[barabarian1]

of course bitcoin investment is more profitable than investing in gold, stocks or deposits. but big profits always have big risks. but if we want to study and work hard do research before buying and selling. and can take advantage of bitcoin fluctuations well then we can minimize the risk of loss. many people can achieve financial freedom because of bitcoin. so in my opinion it's mandatory for us to have bitcoin. bitcoin is the best investment tool.

[bassbity]

Of course many people would not think that bitcoin would be this successful in a decade, I once sold bitcoin at a price of $ 230. I thought that the price would not reach $ 13k - $ 20k, but when I learned about bitcoin, my profits increased. because I know that bitcoin is the digital currency of the future so many people will use it. And of course it's good to invest in bitcoin in a short amount of time if you invest in Bitcoin in a short amount of time.

[bounceback]

For me, this is way more better than investing in gold, federal reserve notes or treasury bond, but highly risky as well.

bitcoin is a unique currency that is difficult for us to understand about its price but bitcoin is also very strong which can attract the attention of many people to have it, bitcoin is also the only coin that can compete with pure gold and they both certainly have value protecting future assets though the nature is not the same, right now I actually prefer to invest with bitcoin rather than gold because bitcoin is able to give us greater profits and bitcoin transactions that are not regulated by the government so we will not doubt the price of bitcoin even though our country is experiencing an economic crisis so it is safe in bureaucratic manipulation which usually affects fiat currencies.

[Duzter]

Bitcoin is very young, it has got its usage for just ten years. Before that we doesn't want to come to some conclusions. It need to travel long to keep up the growth that has taken place with time. Just think of gold, to reach its position at present it has traveled years. Don't think with its technology and the limitations on supply as the factor of depreciation.

[pooya87]

"profitability" depends on the person's views and actions when it comes to the market. for example in my experience shitcoins are also profitable even those that are currently dead and no longer on any exchange anymore!

the only thing that matters in bitcoin is that it has real potential so no matter what happens in short term or what the statistics have been in the past, the price will go up because of that potential and the fact that it has not yet fulfilled any more than 1-2% of it.

[Murat]

In recent time, Bitcoin has got a huge following around the world but due to having the stability it's still the main concern of the people who have got involved in this platform for a long time, I also got engaged in this platform for a long time but the attraction of this system is not improving in comparison to the previous days, whatever the case it, Bitcoin is still more profitable than any other trading or any stocks, not only in the digital platform but also in the offline market, I think Bitcoin is the most lucrative thing, I hope Bitcoin will bring more stability in the coming future so that people will become dependent on this system for their own purpose.

[Kakmakr]

A lot of people are saying we are cherry picking dates to show people that it is possible to profit with a Bitcoin investment, but if you look at the price history, you soon notice that there are several opportunities in the long run to make some decent profits.

The main thing to do, get off your couch and buy some bitcoins, because as with any other commodity or currency, Bitcoin has it's peak periods and it's lows, so you just need to time your trades well to profit from this. 

One good boost in the price, will blow all other investment options out of the water.