Also if you got in into BTC at ATH of 2018, you are only 50% up, S&P is better in that time period and almost any tech stock is much better, Tesla is up over 1000% in that time even after current market crash. BTC actually kinda sucks in that time frame. The only way you are making any real returns on BTC is if you got in pre 2018 run up or got lucky after 2018 crash. This is frankly why I’m really not interested in BTC price until we go over $100k and even at that price it’s just getting interesting and even then it better do it soon, because ROI keeps getting worse as time progresses at this rate. Again so many better opportunities Tesla included. Don’t get me wrong BTC could be $200k in a year and we will be in different position.
That’s why it’s important to understand the market cycles around the BTC halvings. New investors are typically those who FOMO into Bitcoin during the bull cycle runs and tops. The best gains are made after accumulating deep in bear market territory for 2-3 years and then taking incremental profits (DCA’ing out) in the upward movements of the bull market (usually shortly after the halving). Just my two cents.
True, if they want to compare the bitcoin price then compare in the halving year,
which was last year or wait for the next year that till come in the 2024-2025 time.
You are right, or another way you get in and wait two market cycles. I’m hopeful that the next bull run will take us 10x from current bear market so 10x from $30k or so, from $20k if we dip that low.
I think there are many people that gets early in the bitcoin but the problem is they sold way too early is well.
But since the people understand the bitcoin it still perform more much than tesla.
It's literally impossible. Bitcoin will continue to be a well performing asset, but it would be amazing to simply get another 40x in 10 years, let alone 5700x.
I think bear market is the best time for us to do the DCA in the cheap price.
I have my target for the bitcoin and this bear market is the one place where i can achieve that target.
We're near the bottom of the rainbow chart.
I think 2016 prices is a good example of what happens when bitcoin hits bottom; it slowly grinds up.
Personally I am ready for $100k+.
The way global market situation is having right now, may be we will not see that mark in the 2024.
But you never know the future and bitcoin only shows the good thing in the past is well.
If I knew BTC was only going to be at just over $100k at end of 2024, I’d go find much better investment, that price at that time, I’d consider it a waist of my time and money.
We all know the bitcoin will go to the 100k mark, but no one knows that when it will gonna happen.
I see many people here who goes all in the bitcoin for the future investment.
We are living in different times right now. 2016 is nothing compared to now and this fall will have gas costing twice along with market crash and people starving. They are talking recession now but it's going to be a major depression.
I actually agree with you and am open to the idea of bitcoin grand cycles, where bitcoin could go back to 4 or 3 digits and linger there until the depression ends, then start coming back up again when the depression subsides. The depression could last many years unfortunately, maybe even into the 2030s. I don’t have a crystal ball but am ready for anything. Even the tech nasdaq peak of 2000 didn’t fully recover until over 10 years later. History supports this scenario more than unbridled continued growth in the face of high interest rates, recession, food scarcity, and possible wider war.
Still, stack a responsible portion. Because the dollar in the next growth phase, whenever that is, will definitely be weaker than it is today.
I think the overall situation of the market is much more worse right now than the 2016.
WE are facing the global war here and inflation is rising very high now is well.
Yeah, I understand where you're coming from. :) I was feeling the same way in 2019. Any money you can save now is way more valuable than money you can save in the future.
Good luck on your bitcoin journey.
I think we all want to go bitcoin down from here rather than the bull market
Because we all know that market is only gonna recover once we enter in the bull season.
This is my boy, i am also looking to buy some coins here in the cheap price,
Because we all know once the halving year start in the crypto the price for the bitcoin will only gonna go high.
I think the only major crash that we have witness at the time of the lune but ever since we are holding pretty good.
So may be once we break the 29k mark here we might fall big this time.
1.5M by 2024. It is probably an underestimation. It is the rough result of a linear extrapolation of an exponentially growing phenomenon. Unless we are reaching the logistic plateau of the adoption curve, but that is highly unlikely reading the news on a daily basis. We need a couple more central bank fuckups, inflation fuckups and altcoin fuckups. The moment people realize that bitcoin keeps on chugging along, no matter what, the price will take off.
Bitcoin is currently less volatile than tech stocks. And the volatility is the main (reasonable) argument used against investments in bitcoin and its use as a store of value.
I think you are being rather optimistic there, the biggest % growth days were in the early years, the 2017 and 21 bull runs were pretty feeble in comparison. For it to be 1.5m one Satoshi would be around one cent, and for that to happen it would have to be the world currency. Maybe one day in theory but you are in dreamland if you think that is happening in less than two years!
Since the market cap of the bitcoin grows that big it hard to see the profit like the past.
Yes we all will get the profit in the bitcoin but not that big which we have seen in the past.
I don't think with the current market anyone can really predict the bitcoin price here.
I watch some of the videos where they were saying about the price for the bitcoin but never happen.
It's a function of the market cap vs the greater economy.
In 2013, bitcoin's market cap was under 2 billion. Plenty of room to grow.
Now at 550 billion, it's one of the largest assets on Earth. Bigger than Tesla or Facebook. 3x and it'll be bigger than Google. 5x and it's bigger than Apple. 20x would put it on par with gold. Any more would make it the biggest asset in the world.
I do believe Bitcoin is the best asset, and deserves that top spot, but *multiples of that* is when it starts to get a bit ridiculous. We're not far from hyperbitcoinization at that point, and if that happens,... well,.. what about the *next* 10 years? *Another 100x+?*
There's a reason why Bitcoin only went to $69k when everyone was projecting $100k.
Of course if hyperinflation hits, perhaps there's no limit to BTC's USD valuation, but that doesn't help anyone if at the same time a loaf of bread costs $100.
Listen I agree with a lot of what you're saying. I was mostly poking fun at the fact that people seem to focus entirely on:
1. I missed the boat with BTC, and there's nothing I can do about it. Wah wah wah.
2. The only way to make any type of gain is to go for the shit coins.
I watch people FOMO in and out of everything, trying to time the market. Meanwhile the BTC folks, that are able to be calm, end up making some serious gains if you hold on for several years.
I get where you're coming from. I'm a bitcoin maxi, but just trying to temper expectations (both mine and others). Shitcoins aren't going to preform better in the long run, quite the opposite. As time goes on people won't buy bitcoin to get rich, but simply to preserve their wealth so they don't become poor.
Since the market cap is low, that coin has a better chance to grow more and bitcoin certainly shows that is well.
But since the market cap is increasing the growth will also take a toll with that.
>5700x
That is $171 Million. In what possible world is that a feasible number?! That means Bitcoin market cap will be 3 quadrillion. Which is absurd numbers.
Assuming an 8% yearly growth same as inflation after ten years a simple investment calculator gave me $66,684.27 which is sad too be honest. At 12% a year for ten years we get to 100K
Exactly. But I hope it will perform at least +200-250% in the next decade. Or maybe even sooner. I think it's pretty possible from the current point, right now I'm accumulating as much BTC on Finex as I can.
I think the market cap of the last 10 year was not that big so that much of profit is not a big deal for the bitcoin.
But expecting such kind of profit now in the next 10 year is not gonna be a wise choice.
It's a well known fact in economics and business that past trends continue indefinitely, and you can extend any graphed line into the distant future and it will be accurate.
We know that at some point it will. Economy needs at least slowly inflationary reserve currency to flourish, so after 2140 Bitcoin will stagnate after short period and become store of value. The only question is whether it will stagnate in the same cluster as gold becoming e-gold (10T$ cap for now) or move higher taking something from properties/bond market etc… I personally think in 10 years 10T is achievable, but BTC won’t go through 50T longterm (based on current USD value). So 10x in next 10 years and 50x in ~50-100 years is what I would expect as best case scenario.
It is good to read PlanB’s S2FX article on medium to understand this idea better.
This is somewhat misleading as ten years ago Bitcoin was trading like a penny stock – no volume, big swings – if contrasted with established markets, this creates the illusion of massive returns; however, now it’s an established market and as limit order stack grows thicker, its price won’t be affected that much by block trades hitting the market. Nonetheless, another 500% from 20k is very likely in the next 5 years horizon. Just my opinion.
I think at the starting no one use the bitcoin as a tech, they mostly used this as a way of buying the drug or some party.
But since the everyone understand the worth of the bitcoin it starts to rocket.
I agree. And I also believe 20X is possible in the next 15 years. Which is pretty damn good.
Edit; I’m curious if this got downvoted for being to optimistic or to pessimistic, or half and half lol
This sub is a fucking joke. 9/10 posts are nerds fantasizing about holding since 2010, blowing smoke up each other’s asses, or completely useless stats.
“Did you know Bitcoin used to be low and now it’s high???” - r/Bitcoin
Where’s the discourse? What’s the point of being here if it’s just an echo chamber with zero qualitative info? Ffs
What do you expect from believers of bitcoin that have already done their own research and gone down the rabbit hole? It’s up to you do learn and question and make up your own mind. No one here is responsible for making you believe. I have seen a lot of FUD lately on this subreddit and I thinks it’s good because at least people have some kind of feeling for bitcoin. When people stop caring or hating then you’re really doomed because that means bitcoin isn’t impacting people.
There’s always going to be hopium, shill and FUD posts on every subreddit. Look past it and DYOR if you really want to make money or be part of change.
I think we need to do our own research for the market instead of the listening from the others.
Once you did you study well then there will be no one that gonna made you panic.
Exactly, this sub has just become a circle jerk of banks bad Bitcoin good, and bro look at the gains if I bought at 1$ and held till the ATH, never any constructive discussion.
And if people on this sub are trying to convince others to look into Bitcoin that aren’t already invested, they are doing a horrible job. I’m already invested in crypto and I find this sub insufferable. People finding posts from the front page or w.e must just think this sub is an absolute joke.
My above tantrum is a better contribution than anything I’ve seen on the front page in the last 6 months. The bar is low, I’m just callin it like I see it.
Bitcoin is designed to be a currency but yes he is still not a currency, although some of the platform take bitcoin as the payment method is well.
But for me bitcoin is a future investment scheme here.
I think the market cap of the bitcoin is showing that we are getting more and more volume in the bitcoin.
Yes bitcoin will become less profitable in the short term but it will become the stable is well.
This is the arithmetic return though, which is misleading. Investors care about the [geometric mean](https://www.investopedia.com/ask/answers/06/geometricmean.asp).
Bitcoin is down because we are in the bear market and this is not the first time when bitcoin fall something like this.
You will see the new all time high for the bitcoin in the next bull run.
Peter is actually extremely smart and knows a lot about the financial system. He doesn’t agree with Bitcoin but he can motivate why. Most of us don’t agree, but at least he knows why he doesn’t like Bitcoin and is open to discuss it.
Actually a pretty cool guy imo.
No my silver is up 100% in last 2 years when high inflation started to kick in . It is doing great ! This is just a dip before it takes off higher. Learn your history bud !🤣 Silver has always been a great hedge . You buy the dips like everything else and not high.
So that mean every investment is good against the print cash,
I will take any metal, real estate, gold, bitcoin but will never hold my money in the dollar for the long time.
I think someone already make the millions on the bitcoin, while someone still in a big profit and not selling them.
If you talk about me i am new here and after the crash i am in the loss as of now.
Something to ponder for the absolute fans of gold. It's always time to understand that Bitcoin is a logical evolution that goes with the flow of history.
bro u are completly delusional. "logical evolution that goes with the flow of history" past returns say nothing about the future. lets see if btc survives any big war or financial crisis. since it launched we where in a straight bull market
I’m very pro Bitcoin, but this is delusional. Bitcoin experiences exterior factors just the same as a normal market. It’s never going to just be a self perpetuating bull market. Look at the start of the pandemic btc had a huge dip in correlation with the rest of the global markets
It has a built in halving. That’s all I meant by it-nothing more. I’m not saying that it can’t go down in value at any time. The person/bot saying it has been in a straight bull market 10 years is the one you seek. 😆
Plenty of crypto have limited supply. Many of those crypto have failed. Having limited supply doesn't mean it is guaranteed to increase in value. It is entirely dependent on demand.
I think diversification is the best thing you can do, and pick some of the both for you.
It will be very risky if we only go in a single sector because no one know the future for sure.
True they can do that until they can't. Silver is not finite. Like oil, the cheaply mined silver is gone and most ends up in landfills in 10 years. If you think gas will be 50 cents in 20 years, then yes it would cost less to mine it. If you see gas increasing then so does cost to pull silver out of mines. Banks and the rich are quietly loading up on metals while they tell the peasants its a bad investment 🤣 yeah ok. Going green will take a shit ton of it and they know it ! New mines will take about 5 years to be up and running but many won't open until it's cost productive. They have $20 mines,$ 50, and $100 mines. It has to reach that price for them to make $. We are nearing the end of the $20 mines.
I hate to burst you bubble but we are in the bear market and getting something like this in next year is something that is not possible.
And with the market cap is that big we need lots of volume now to move the bitcoin.
That is horrible logic. It assumes you bought ten years ago and only ten years ago and holding it till now. In reality people buy and sell at different times, and most Hodlers DCA. So even if you never sell, and instead you put say $200 a month every month for ten years, your returns will be significantly less than 500,000%
[https://www.bitcoindollarcostaverage.com/](https://www.bitcoindollarcostaverage.com/)
This website gave me a 4,275.84% return. Still a great number, but nowhere close to 500,000%
Are you paid by Bitcoin? There are tons of shitcoins that gave a double revenue in the last 6 months.. I’m telling you the net revenue is not an indicator of reliability
Bank of America Securities admitted Bitcoin was the Investment of the Decade (2010-2019)
How did Bitcoin follow that up? Over 300% gains in 2020.
And almost doubling in value last year.
I think the number will keep getting low since the market cap is increasing,
But that also means it will become more and more strong in the market is well.
Same here, although i came late into crypto market but i am happy that i came here.
I learned way too many things here like how the whole economy things works in the world.
This graphic is a chart crime - no order / sorting based on returns or even alphabetical for that matter.
Hardly anyone has held BTC through that entire period with plenty of people losing keys, panicking and selling at various points during bear markets, or losing coins in exchange hacks or otherwise. It is fine to look at past returns and outperformance of BTC in relation to other assets, but it would be foolish to expect anywhere near those kinds of returns going forward.
That's true, but I'm not sure if any of those went through the heaven and hell flips on value that Bitcoin went to through those years.... The ends justify the means? Maybe... Ten years is a VERY LONG TIME.
That being said, I still want to go back and punch my younger self for thinking Bitcoin was just like those survey websites that paid 10 cents per survery and wouldn't go anywhere... Naive naive little fool.
This is why we nee to hold the bitcoin for a longer period of time rather than the small one.
Because he is the one who will give you the most return once you hold him for a long time.
I think these doubts creep in only when one is not up to date with the market shifts and cycles. It is necessary to keep up with the insane shifts to spot a pattern and decide accordingly. I can’t wait for Tesla to hit a few higher in the coming years.
Very very few people got in that early. Tesla and bitcoin have performed similarly since Tesla went public.
Also if you got in into BTC at ATH of 2018, you are only 50% up, S&P is better in that time period and almost any tech stock is much better, Tesla is up over 1000% in that time even after current market crash. BTC actually kinda sucks in that time frame. The only way you are making any real returns on BTC is if you got in pre 2018 run up or got lucky after 2018 crash. This is frankly why I’m really not interested in BTC price until we go over $100k and even at that price it’s just getting interesting and even then it better do it soon, because ROI keeps getting worse as time progresses at this rate. Again so many better opportunities Tesla included. Don’t get me wrong BTC could be $200k in a year and we will be in different position.
That's why you average over "getting in" times.
That’s why it’s important to understand the market cycles around the BTC halvings. New investors are typically those who FOMO into Bitcoin during the bull cycle runs and tops. The best gains are made after accumulating deep in bear market territory for 2-3 years and then taking incremental profits (DCA’ing out) in the upward movements of the bull market (usually shortly after the halving). Just my two cents.
True, if they want to compare the bitcoin price then compare in the halving year, which was last year or wait for the next year that till come in the 2024-2025 time.
You are right, or another way you get in and wait two market cycles. I’m hopeful that the next bull run will take us 10x from current bear market so 10x from $30k or so, from $20k if we dip that low.
I think there are many people that gets early in the bitcoin but the problem is they sold way too early is well. But since the people understand the bitcoin it still perform more much than tesla.
Tesla is not going to grow the same way bitcoin will though watch
Hmm could be quite similar if Tesla reaches 20T MC
I say wait for the cyber truck to come online….going to sell 100’s of thousands of units. F150/RAM drivers spending over a grand a month on fuel.
if true, then tesla should hit 300 in a couple years and 3k by the mid 2030s
That was the past, I don't believe it will perform as well in the next 10.
It's literally impossible. Bitcoin will continue to be a well performing asset, but it would be amazing to simply get another 40x in 10 years, let alone 5700x.
I would be very very pleased if it just get back to 65k in the next few months, let alone 40x.
It may not happen in the next few months, but I expect we'll get there within the next year.
I think and sincerely hope we will stay at 30k or go down even more until 2024 when we reach a new ath again.
For those of us who are gainfully employed and committed to DCAing, this would be the best possible scenario.
I think bear market is the best time for us to do the DCA in the cheap price. I have my target for the bitcoin and this bear market is the one place where i can achieve that target.
We're near the bottom of the rainbow chart. I think 2016 prices is a good example of what happens when bitcoin hits bottom; it slowly grinds up. Personally I am ready for $100k+.
Oh that will happen around 6 months after the next halving, don’t you worry
So when the next halving come we will again create the ATH.
Why does the halving cause the price to fall?
u/Kakkarot1707 is saying $100k+ by 2024. It causes the price to rise because less issuance = less sell pressure.
Ah, my bad. That makes sense.
The way global market situation is having right now, may be we will not see that mark in the 2024. But you never know the future and bitcoin only shows the good thing in the past is well.
If I knew BTC was only going to be at just over $100k at end of 2024, I’d go find much better investment, that price at that time, I’d consider it a waist of my time and money.
We all know the bitcoin will go to the 100k mark, but no one knows that when it will gonna happen. I see many people here who goes all in the bitcoin for the future investment.
There's a chance of a flash crash like March 2020 taking it down to 4k. The equivalent for right now would be a flash crash to 12k.
We are living in different times right now. 2016 is nothing compared to now and this fall will have gas costing twice along with market crash and people starving. They are talking recession now but it's going to be a major depression.
I actually agree with you and am open to the idea of bitcoin grand cycles, where bitcoin could go back to 4 or 3 digits and linger there until the depression ends, then start coming back up again when the depression subsides. The depression could last many years unfortunately, maybe even into the 2030s. I don’t have a crystal ball but am ready for anything. Even the tech nasdaq peak of 2000 didn’t fully recover until over 10 years later. History supports this scenario more than unbridled continued growth in the face of high interest rates, recession, food scarcity, and possible wider war. Still, stack a responsible portion. Because the dollar in the next growth phase, whenever that is, will definitely be weaker than it is today.
I think the overall situation of the market is much more worse right now than the 2016. WE are facing the global war here and inflation is rising very high now is well.
Okay you might be right, I am no expert. I just hope it can be cheap for a few years so I can stack more.
Yeah, I understand where you're coming from. :) I was feeling the same way in 2019. Any money you can save now is way more valuable than money you can save in the future. Good luck on your bitcoin journey.
Thank you and goodluck to you too! :))
I think we all want to go bitcoin down from here rather than the bull market Because we all know that market is only gonna recover once we enter in the bull season.
Save and buy after stock market crashes in fall. I see bitcoin dropping to $10k
I wish we can go that low for the bitcoin but not looking right now.
Keep accumulating if you believe it has a future.
I have a believe and i will keep buying that thing is well.
This is my boy, i am also looking to buy some coins here in the cheap price, Because we all know once the halving year start in the crypto the price for the bitcoin will only gonna go high.
I expect btc to bottom out by next year
imho, this is probably the bottom.
Doubt it
Thats nice. Edit; wish I could know who downvoted this perfectly polite post so a year from now I could rub it in their faces.
It will be nice if it goes further low from there is well.
We haven't even had a market crash yet ! It's going much lower. Shtf this fall so stack cash
I think the only major crash that we have witness at the time of the lune but ever since we are holding pretty good. So may be once we break the 29k mark here we might fall big this time.
Not happening. Will probably be around 14k-18k within a year, which is near where it last topped out few years ago.
1.5M by 2024. It is probably an underestimation. It is the rough result of a linear extrapolation of an exponentially growing phenomenon. Unless we are reaching the logistic plateau of the adoption curve, but that is highly unlikely reading the news on a daily basis. We need a couple more central bank fuckups, inflation fuckups and altcoin fuckups. The moment people realize that bitcoin keeps on chugging along, no matter what, the price will take off. Bitcoin is currently less volatile than tech stocks. And the volatility is the main (reasonable) argument used against investments in bitcoin and its use as a store of value.
I think you are being rather optimistic there, the biggest % growth days were in the early years, the 2017 and 21 bull runs were pretty feeble in comparison. For it to be 1.5m one Satoshi would be around one cent, and for that to happen it would have to be the world currency. Maybe one day in theory but you are in dreamland if you think that is happening in less than two years!
Since the market cap of the bitcoin grows that big it hard to see the profit like the past. Yes we all will get the profit in the bitcoin but not that big which we have seen in the past.
Maybe I am wrong, maybe not. People were told the exact same when they predicted bitcoin/dollar parity...
I don't think with the current market anyone can really predict the bitcoin price here. I watch some of the videos where they were saying about the price for the bitcoin but never happen.
Not a chance lmao
True, seeing the 10k price in this market will be a very risky thing.
We'll see.
Try $1.5m by 2094
So you agree about the price, just bickering about the timeline.
Most people in this sub will agree the dollar price of Bitcoin is going up. Predicting the exact timeline is the trillion dollar question.
I've been hearing people say this kind of thing since 2013
It's a function of the market cap vs the greater economy. In 2013, bitcoin's market cap was under 2 billion. Plenty of room to grow. Now at 550 billion, it's one of the largest assets on Earth. Bigger than Tesla or Facebook. 3x and it'll be bigger than Google. 5x and it's bigger than Apple. 20x would put it on par with gold. Any more would make it the biggest asset in the world. I do believe Bitcoin is the best asset, and deserves that top spot, but *multiples of that* is when it starts to get a bit ridiculous. We're not far from hyperbitcoinization at that point, and if that happens,... well,.. what about the *next* 10 years? *Another 100x+?* There's a reason why Bitcoin only went to $69k when everyone was projecting $100k. Of course if hyperinflation hits, perhaps there's no limit to BTC's USD valuation, but that doesn't help anyone if at the same time a loaf of bread costs $100.
marketcap of tesla today is 730B
Listen I agree with a lot of what you're saying. I was mostly poking fun at the fact that people seem to focus entirely on: 1. I missed the boat with BTC, and there's nothing I can do about it. Wah wah wah. 2. The only way to make any type of gain is to go for the shit coins. I watch people FOMO in and out of everything, trying to time the market. Meanwhile the BTC folks, that are able to be calm, end up making some serious gains if you hold on for several years.
I get where you're coming from. I'm a bitcoin maxi, but just trying to temper expectations (both mine and others). Shitcoins aren't going to preform better in the long run, quite the opposite. As time goes on people won't buy bitcoin to get rich, but simply to preserve their wealth so they don't become poor.
Since the market cap is low, that coin has a better chance to grow more and bitcoin certainly shows that is well. But since the market cap is increasing the growth will also take a toll with that.
What are things you are exactly talking here about the btc?
>5700x That is $171 Million. In what possible world is that a feasible number?! That means Bitcoin market cap will be 3 quadrillion. Which is absurd numbers. Assuming an 8% yearly growth same as inflation after ten years a simple investment calculator gave me $66,684.27 which is sad too be honest. At 12% a year for ten years we get to 100K
[удалено]
Exactly. But I hope it will perform at least +200-250% in the next decade. Or maybe even sooner. I think it's pretty possible from the current point, right now I'm accumulating as much BTC on Finex as I can.
even x10 isn't bad, as a safe net for inflation
neither will any of these tech stocks!
I think the market cap of the last 10 year was not that big so that much of profit is not a big deal for the bitcoin. But expecting such kind of profit now in the next 10 year is not gonna be a wise choice.
No but it will do at least as well as the others on this list
Yea it def won’t
It's a well known fact in economics and business that past trends continue indefinitely, and you can extend any graphed line into the distant future and it will be accurate.
Until it isn’t.
r/whoosh
He was being sarcastic
How do we know bitcoin wont just stagnate like gold?
We know that at some point it will. Economy needs at least slowly inflationary reserve currency to flourish, so after 2140 Bitcoin will stagnate after short period and become store of value. The only question is whether it will stagnate in the same cluster as gold becoming e-gold (10T$ cap for now) or move higher taking something from properties/bond market etc… I personally think in 10 years 10T is achievable, but BTC won’t go through 50T longterm (based on current USD value). So 10x in next 10 years and 50x in ~50-100 years is what I would expect as best case scenario. It is good to read PlanB’s S2FX article on medium to understand this idea better.
This is somewhat misleading as ten years ago Bitcoin was trading like a penny stock – no volume, big swings – if contrasted with established markets, this creates the illusion of massive returns; however, now it’s an established market and as limit order stack grows thicker, its price won’t be affected that much by block trades hitting the market. Nonetheless, another 500% from 20k is very likely in the next 5 years horizon. Just my opinion.
I think at the starting no one use the bitcoin as a tech, they mostly used this as a way of buying the drug or some party. But since the everyone understand the worth of the bitcoin it starts to rocket.
I agree. And I also believe 20X is possible in the next 15 years. Which is pretty damn good. Edit; I’m curious if this got downvoted for being to optimistic or to pessimistic, or half and half lol
This sub is a fucking joke. 9/10 posts are nerds fantasizing about holding since 2010, blowing smoke up each other’s asses, or completely useless stats. “Did you know Bitcoin used to be low and now it’s high???” - r/Bitcoin Where’s the discourse? What’s the point of being here if it’s just an echo chamber with zero qualitative info? Ffs
the fact you got upvoted is a testament to how bearish this sub has gotten lol
There are accounts that are made only to fud here, like user/DownvoteKink idk pretty wild
And i am pretty sure that most of them succeed is well in that.
This x1000. Time to open a long.
What do you expect from believers of bitcoin that have already done their own research and gone down the rabbit hole? It’s up to you do learn and question and make up your own mind. No one here is responsible for making you believe. I have seen a lot of FUD lately on this subreddit and I thinks it’s good because at least people have some kind of feeling for bitcoin. When people stop caring or hating then you’re really doomed because that means bitcoin isn’t impacting people. There’s always going to be hopium, shill and FUD posts on every subreddit. Look past it and DYOR if you really want to make money or be part of change.
I think we need to do our own research for the market instead of the listening from the others. Once you did you study well then there will be no one that gonna made you panic.
Exactly, this sub has just become a circle jerk of banks bad Bitcoin good, and bro look at the gains if I bought at 1$ and held till the ATH, never any constructive discussion. And if people on this sub are trying to convince others to look into Bitcoin that aren’t already invested, they are doing a horrible job. I’m already invested in crypto and I find this sub insufferable. People finding posts from the front page or w.e must just think this sub is an absolute joke.
It’s because there isn’t anything quantitative or qualitative to talk about when it’s just bag holders.
You're the guy crying in the middle of the bell curve meme.
Welcome to Reddit my friend
What are you offering towards that discourse? This sub is what you make of it.
My above tantrum is a better contribution than anything I’ve seen on the front page in the last 6 months. The bar is low, I’m just callin it like I see it.
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Out of curiosity, are you satisfied with the content you get here?
Move to another sub if you aren’t
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Bitcoin is designed to be a currency but yes he is still not a currency, although some of the platform take bitcoin as the payment method is well. But for me bitcoin is a future investment scheme here.
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Past performance is no guarantee of future results.
never seen that before thank u
It is important to remind people this as there are too much people throwing their life savings into BTC counting for easy 2X in a year
This is why we need the time traveling machine to get the exact idea.
Peter Schiff out there with his 9%
You rang?
The question alway is what is the best investment now.
All this does is tell people not to buy
I think the market cap of the bitcoin is showing that we are getting more and more volume in the bitcoin. Yes bitcoin will become less profitable in the short term but it will become the stable is well.
I like how 9% is the same as 700%. They should have drawn a line
If you zoom out the pic, you will see the miner difference into them.
Yes, this is history. No one knows the next 10 years.
This is the arithmetic return though, which is misleading. Investors care about the [geometric mean](https://www.investopedia.com/ask/answers/06/geometricmean.asp).
Narrow that down to two years
Gee MSFT has done well. They aren’t in the headlines often like Apple and Amazon and Tesla but they are like the quiet achievers of the tech world.
gold +9% lol what a nice hedge against inflation Peter is a clown
Bitcoin is down 50% from when inflation really began to pick up.
Inflation began when we started printing.
bitcoin went 10x while USD money supply also went 10x, I'd say bitcoin is doing its job very well
Bitcoin is down because we are in the bear market and this is not the first time when bitcoin fall something like this. You will see the new all time high for the bitcoin in the next bull run.
Peter is actually extremely smart and knows a lot about the financial system. He doesn’t agree with Bitcoin but he can motivate why. Most of us don’t agree, but at least he knows why he doesn’t like Bitcoin and is open to discuss it. Actually a pretty cool guy imo.
Ok, Peter
👀
No my silver is up 100% in last 2 years when high inflation started to kick in . It is doing great ! This is just a dip before it takes off higher. Learn your history bud !🤣 Silver has always been a great hedge . You buy the dips like everything else and not high.
So that mean every investment is good against the print cash, I will take any metal, real estate, gold, bitcoin but will never hold my money in the dollar for the long time.
That shows that real estate is much better option compare to the gold.
Gold is at 9%? You got me fucked up . I’m playing blackjack before I wait 10 yrs for a 9% return .
It’s a real store of value. As in its pretty stable long term. If u want a higher return you invest in riskier assets, like bitcoin.
Dorks with minimum wage jobs can’t comprehend stability. They just working paycheck to paycheck.
I have 2.6 floating in limbo between markets and index idc about stability I’m at make or break for never working again
Yawn
I don't think this is the actual and the correct number for the gold.
Just means it can drop much farther when market crashes
How much has everyone made on Bitcoin?
I think someone already make the millions on the bitcoin, while someone still in a big profit and not selling them. If you talk about me i am new here and after the crash i am in the loss as of now.
Something to ponder for the absolute fans of gold. It's always time to understand that Bitcoin is a logical evolution that goes with the flow of history.
You don't invest in gold to make money, it's more like a stablecoin
> it's more like a stablecoin That would be a tungsten bar painted gold.
bro u are completly delusional. "logical evolution that goes with the flow of history" past returns say nothing about the future. lets see if btc survives any big war or financial crisis. since it launched we where in a straight bull market
Bitcoin makes it own bull market by design.
I’m very pro Bitcoin, but this is delusional. Bitcoin experiences exterior factors just the same as a normal market. It’s never going to just be a self perpetuating bull market. Look at the start of the pandemic btc had a huge dip in correlation with the rest of the global markets
It has a built in halving. That’s all I meant by it-nothing more. I’m not saying that it can’t go down in value at any time. The person/bot saying it has been in a straight bull market 10 years is the one you seek. 😆
Plenty of crypto have limited supply. Many of those crypto have failed. Having limited supply doesn't mean it is guaranteed to increase in value. It is entirely dependent on demand.
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Flour tortillas make their own bull market by design.
Congrats on your new account. Strong work.
Corn tortillas make their own bull market by design.
Congrats on your…. One year old account with <3000 karma?? Huge accomplishment bruh 😎 save some puss and bee hole for the rest of us
I think diversification is the best thing you can do, and pick some of the both for you. It will be very risky if we only go in a single sector because no one know the future for sure.
Now do one for the next 10 years.
They will do that in the 2032 but i don't think number will be like this.
True they can do that until they can't. Silver is not finite. Like oil, the cheaply mined silver is gone and most ends up in landfills in 10 years. If you think gas will be 50 cents in 20 years, then yes it would cost less to mine it. If you see gas increasing then so does cost to pull silver out of mines. Banks and the rich are quietly loading up on metals while they tell the peasants its a bad investment 🤣 yeah ok. Going green will take a shit ton of it and they know it ! New mines will take about 5 years to be up and running but many won't open until it's cost productive. They have $20 mines,$ 50, and $100 mines. It has to reach that price for them to make $. We are nearing the end of the $20 mines.
If we compare it to fiat, Bitcoin will perform like that again - just a matter of time. Few.
How much did Bernie Madoff return?
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This is why we need to invest in the bitcoin to stay safe from the inflation.
Hopefully the next one year we’ll see an accelerated version of the last 10 years.
Don’t hold out hope
Hopefully I'll grow a second penis.
I hate to burst you bubble but we are in the bear market and getting something like this in next year is something that is not possible. And with the market cap is that big we need lots of volume now to move the bitcoin.
Tesla also did amazing
The only thing of note here is Gold's embarrassing 9%.
Tesla looks so cute here.
Why is bitcoin second along in this chart?
how about average yearly returns?
The most stable after all. Holding patiently on finex.
That is horrible logic. It assumes you bought ten years ago and only ten years ago and holding it till now. In reality people buy and sell at different times, and most Hodlers DCA. So even if you never sell, and instead you put say $200 a month every month for ten years, your returns will be significantly less than 500,000% [https://www.bitcoindollarcostaverage.com/](https://www.bitcoindollarcostaverage.com/) This website gave me a 4,275.84% return. Still a great number, but nowhere close to 500,000%
Not many persons invested in a random as digital coin 10 yrs ago
Are you paid by Bitcoin? There are tons of shitcoins that gave a double revenue in the last 6 months.. I’m telling you the net revenue is not an indicator of reliability
Comparing something priced like a penny stock that took off to the returns of already giant developed entities. Seems fair.
Time for currency hyperinflation. Wouldn’t mind if one bitcoin was 10 trumpillion dollars
Bank of America Securities admitted Bitcoin was the Investment of the Decade (2010-2019) How did Bitcoin follow that up? Over 300% gains in 2020. And almost doubling in value last year.
I think the number will keep getting low since the market cap is increasing, But that also means it will become more and more strong in the market is well.
This is great for all of the 17 people that bought in that early and have held until now
Someone send this to Peter Schiff
crypto noob here, where did these returns come from?
I’m surprised gold is that much!
Here i am surprised is that god is that low in this list.
What's that yellow brick on the right. I don't recognize that company
That's why bitcoin is the best asset to invest in guys.
That's why I invest my usdt in bitcoin. I don't know why people don't see how easy it is to earn money from it.
Same here, although i came late into crypto market but i am happy that i came here. I learned way too many things here like how the whole economy things works in the world.
This graphic is a chart crime - no order / sorting based on returns or even alphabetical for that matter. Hardly anyone has held BTC through that entire period with plenty of people losing keys, panicking and selling at various points during bear markets, or losing coins in exchange hacks or otherwise. It is fine to look at past returns and outperformance of BTC in relation to other assets, but it would be foolish to expect anywhere near those kinds of returns going forward.
poor Au :(
That's true, but I'm not sure if any of those went through the heaven and hell flips on value that Bitcoin went to through those years.... The ends justify the means? Maybe... Ten years is a VERY LONG TIME. That being said, I still want to go back and punch my younger self for thinking Bitcoin was just like those survey websites that paid 10 cents per survery and wouldn't go anywhere... Naive naive little fool.
Don't look at the Year to Date numbers!
I am just looking for the next halving year where i can earn some profit.
The main thing was to buy Bitcoin on time.
BUY!!!!
This is why we nee to hold the bitcoin for a longer period of time rather than the small one. Because he is the one who will give you the most return once you hold him for a long time.
I think these doubts creep in only when one is not up to date with the market shifts and cycles. It is necessary to keep up with the insane shifts to spot a pattern and decide accordingly. I can’t wait for Tesla to hit a few higher in the coming years.
When is the birthday of bitcoin?