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cuddaloreappu (OP)
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June 24, 2014, 03:09:47 PM |
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right from where bitcoin started to the all time high, what is the return on investment?
Has anything outperformed it in the past or present?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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franky1
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Activity: 4214
Merit: 4458
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June 24, 2014, 03:23:22 PM |
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governments get oil for free by shooting iraqi's, and sell tanker trucks of the stuff for thousands surgeons do operations on people for the cost of 2 scalpals, a bunch of sutures. and receive a $10k per operation bill payment companies bottle water, where the main cost is a couple cents for the plastic bottle. and sell it for a couple dollars jokes aside.. a red paper clip bartered its way to buy a house http://en.wikipedia.org/wiki/One_red_paperclip |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Melbustus
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Activity: 1722
Merit: 1003
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June 24, 2014, 03:30:19 PM |
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right from where bitcoin started to the all time high, what is the return on investment?
Has anything outperformed it in the past or present?
You have to actually pick a reasonable starting timeframe. From January 3rd 2009 when they were worth nothing to the first trade when they were worth something? No, I doubt anything has bested infinity percent... And it's probably not reasonable to use the first few recorded trades as a starting point, since the volume was so low. As your start point, maybe pick the first month where total trading volume was over $5M (that's still tiny!) or something... But to answer your question without being either precise or pedantic, I think during Uber's last raise ($1.2B at a $17B valuation), it was noted that their seed rounds had returned better ROI than bitcoin, and that people couldn't really think of anything else that had. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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greenlion
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June 24, 2014, 03:37:40 PM |
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right from where bitcoin started to the all time high, what is the return on investment?
Has anything outperformed it in the past or present?
The approx. $600 valuation right now is still totally Mickey Mouse compared to the potential upside of this tech. If this stuff lives up to its potential, then the price right now will seem like single digits do right now. |
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Yuxi.Liu
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June 24, 2014, 03:39:58 PM |
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Word cup betting?...  |
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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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June 24, 2014, 03:40:56 PM |
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With most investments I would be happy with a 10% ROI. I can't think of anything that approaches bitcoin.
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Beliathon
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June 24, 2014, 04:08:30 PM |
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right from where bitcoin started to the all time high, what is the return on investment?
Has anything outperformed it in the past or present?
The approx. $600 valuation right now is still totally Mickey Mouse compared to the potential upside of this tech. If this stuff lives up to its potential, then the price right now will seem like single digits do right now. $600 will seem like pennies in a few years. |
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percocet
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June 24, 2014, 04:19:40 PM |
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Gold in weimar marks between 1919 and 1923
120 to 100000000000000 or 83333333333333%
You may want to check my figures by googling. Do report back here.
That is pretty insane! But Bitcoin isn't done yet |
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xyzxyzxyz
Member
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Activity: 280
Merit: 10
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June 24, 2014, 04:23:49 PM |
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jonsi
Legendary
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Activity: 1397
Merit: 1019
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June 24, 2014, 04:33:16 PM |
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governments get oil for free by shooting iraqi's, and sell tanker trucks of the stuff for thousands surgeons do operations on people for the cost of 2 scalpals, a bunch of sutures. and receive a $10k per operation bill payment companies bottle water, where the main cost is a couple cents for the plastic bottle. and sell it for a couple dollars jokes aside.. a red paper clip bartered its way to buy a house http://en.wikipedia.org/wiki/One_red_paperclipSurgeons had invested hundred of thousands on education and they operate in hospitals that cost tens of millions to build and they operate with medical robots that costs as high as millions so I would say it's a preety big investment before you can actually operate someone. |
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bEGPO cNuPTA
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Activity: 34
Merit: 0
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June 24, 2014, 05:08:42 PM |
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Lots of companies start with very little and grow exponentially. I don't think bitcoin is special in this regard.
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cp1
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June 24, 2014, 05:12:14 PM |
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Surgeons had invested hundred of thousands on education and they operate in hospitals that cost tens of millions to build and they operate with medical robots that costs as high as millions so I would say it's a preety big investment before you can actually operate someone.
No room for the truth here, let's just be jealous that someone else trained more than us and makes more money because of it, a big portion of which goes to the hospital and to pay malpractice insurance. Not to mention they actually save lives instead of the worthless job that the poster probably has. |
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candydaze59
Member
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Merit: 10
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June 24, 2014, 05:31:42 PM |
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I'm thinking about people who worked in Steve Job's garage for stocks of the future Apple
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Bagatell
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June 24, 2014, 08:13:58 PM |
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governments get oil for free by shooting iraqi's, and sell tanker trucks of the stuff for thousands surgeons do operations on people for the cost of 2 scalpals, a bunch of sutures. and receive a $10k per operation bill payment companies bottle water, where the main cost is a couple cents for the plastic bottle. and sell it for a couple dollars jokes aside.. a red paper clip bartered its way to buy a house http://en.wikipedia.org/wiki/One_red_paperclipSurgeons had invested hundred of thousands on education and they operate in hospitals that cost tens of millions to build and they operate with medical robots that costs as high as millions so I would say it's a preety big investment before you can actually operate someone. They have 6 and 7 figure insurance policies as well. |
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jjc326
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June 25, 2014, 03:02:41 AM |
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Yes tulips. Look how that turned out
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Bitsaurus
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June 25, 2014, 11:28:02 AM |
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MSFT and AAPL stock didn't do too bad, but over a longer timeframe.
I'm sure some genetic company that finds a cure to breast cancer will do quite well in just 1 or 2 days.
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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June 25, 2014, 11:36:41 AM |
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 "we will never reach 10 USD"  |
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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June 25, 2014, 11:41:04 AM |
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Yes tulips. Look how that turned out
lol im so tired of people comparing tulips with bitcoin; you can plant infinite number of tulips, but there is only 21 milion bitcoins in the end, actualy bitcoins also get lost, wallets deleted and so on, so there will never actualy be 21 mil in circulation. if you want bitcoin price higher, just wait until bigger players come in. |
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