Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013 o.O !

[LiteCoinGuy]

Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013

The mainstream media has declared bitcoin as the worst performing investment or currency of 2014. We did some analysis and found out that bitcoin has been the worst performing investment for all the past years too. Let us explain.

http://blog.zebpay.com/bitcoin-was-also-the-worst-performing-investment-in-2011-2012-and-2013/

[BitAddict]

Worst/Best invesment in X year means from 1 January to 31 December, not from the top to the bottom in the same year.

[R2D221]

Thank god it's the worst investment. Bitcoin was never intended to be an investment.

[Netnox]

Whether bitcoin was a good or bad investment is for each person different, depends when you bought and sold.

[RodeoX]

I guess what they mean is that they made no money from it, so it's the worst.

[kendog77]

This is probably the worst analysis I've ever seen. The OP simply cherry picked the high and low for each year, and then concluded that BTC lost a certain percentage based on the high and low for the year! Unfortunately for the OP, the price of BTC wasn't at the high on January 1st of each year and at the low on December 31st.

Using the same logic in reverse, one can also conclude that BTC was the best investment in those years because it gained an astronomical amount during that year based on the difference between the high and the low.

Move along, there is nothing to see here...

[Bit_Happy]

Bitcoin Was Also The Worst Performing Investment In 2011, 2012 And 2013

The mainstream media has declared bitcoin as the worst performing investment or currency of 2014. We did some analysis and found out that bitcoin has been the worst performing investment for all the past years too. Let us explain.

http://blog.zebpay.com/bitcoin-was-also-the-worst-performing-investment-in-2011-2012-and-2013/

In 2011 many people made HUGE profits from Bitcoin, especially those who were mining/buying big the year before.

[cr1776]

The entire post is sarcasm at the stupidity of the press.  Note the end:

Bitcoin is doomed, kaput, done for, finito. We look forward to updating this post when we are in cycle 5. And yes, bitcoin has been the best investment of 2010-2014.

Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.

[R2D221]

The entire post is sarcasm at the stupidity of the press.

Turns out most people don't open the links.

[cr1776]

The entire post is sarcasm at the stupidity of the press.

Turns out most people don't open the links.

Very true.  Maybe LTG can make that clearer in the original post above???

[R2D221]

Thank god it's the worst investment. Bitcoin was never intended to be an investment.

What is meant to be an investment? If it was never meant to be an investment there would be no halving or a long term limit supply.

It was intended as a currency. What makes you think so?

[manselr]

Analysts can eat a dick. HODL!

[mercistheman]

Inclined to think 2014 btc was one of the best investments to buy... this story is just getting started.

[LiteCoinGuy]

This is probably the worst analysis I've ever seen. The OP simply cherry picked the high and low for each year, and then concluded that BTC lost a certain percentage based on the high and low for the year! Unfortunately for the OP, the price of BTC wasn't at the high on January 1st of each year and at the low on December 31st.

Using the same logic in reverse, one can also conclude that BTC was the best investment in those years because it gained an astronomical amount during that year based on the difference between the high and the low.

Move along, there is nothing to see here...

because it is light satire 

[LiteCoinGuy]

The entire post is sarcasm at the stupidity of the press.  Note the end:

Bitcoin is doomed, kaput, done for, finito. We look forward to updating this post when we are in cycle 5. And yes, bitcoin has been the best investment of 2010-2014.

Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is.

you won 

[R2D221]

Thank god it's the worst investment. Bitcoin was never intended to be an investment.

What is meant to be an investment? If it was never meant to be an investment there would be no halving or a long term limit supply.

It was intended as a currency. What makes you think so?

I think if it was intended to be a currency there would be no halving, halving has nothing to do but limit the amount of coins, less supply means each is worth more, especially when there is an overall limit. If it was mean to be strictly a currency it would aim for the most stable price possible and that would keep a strict singular distribution rate if not scale and increase the amount of coins based off transactions or hash power.

Do you think having a different distribution rate would actually have made Bitcoin stable?

Also, the whitepaper doesn't say anything about investments, but it does mention the concept of electronic cash.

[LFC_Bitcoin]

Says the 'Litecoin' guy


 

[monkeygang]

Yeah you just use it(btc), and through more use it might help alot of other people find their own way through the (btc) system

and then thats the moon

[inBitweTrust]

Yikes, bitcoin has only increased 9,719,900% in value from the first market price(10k BTC for 25usd of pizza)... I was expecting so much more out of this investment

[Nancarrow]

This is probably the worst analysis I've ever seen. The OP simply cherry picked the high and low for each year, ...

Jesus FUCK. Why can't people read? Why can't people detect irony? Why does no one have a working theory of mind any more? I know everyone on the internet loves to declare themselves autistic, but surely it can't be EVERYONE?

I *didn't* read the link and I *still* figured out where the OP was coming from, largely from the three innocuous words 'let us explain'. Not 'here is a stupid argument I am making in all sincerity', but 'here is a stupid argument I am using to demonstrate the stupidity of other similar arguments'.



ETA: aaaand now I've read the link, and yep it's sarcasm. They should NOT have put the last sentence in though. No need to spoonfeed the slow people.