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>> No.10225226 [View]
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10225226

If You Had Purchased $100 of Bitcoin in 2011
Summary:
Robert Arnott said it best, "In investing, what is comfortable is rarely profitable." The following is how you would have fared throughout the years if you had bought $100 worth of bitcoin back in 2011.

2011: Off to a Good Start
Since bitcoin traded at 6 cents for most of 2010, you would have timed your initial purchase right.
For a brief moment on June 8, 2011, bitcoin hit a high of $31.91, making the paper value of your investment a cool $10,636.56.
By December 31, 2011, bitcoin was trading at $4.72, so you would have turned your $100 into $1,573.32.

2012: Steady Increase
The first day of 2012 would have welcomed you with a closing price of $5.27, It started appreciating again in May 2012, and closed at $13.51 on December 31, 2012.
Your current investment would have stood at $4,503.29. In 2012, few businesses accepted bitcoin as a form of payment.

2013: The Big Ride
Unlike the previous year, 2013 would have welcomed you with a slight dip to $13.30, turning your investment into $4,433.29.
On March 18, 2013, the Financial Crimes Enforcement Network (FinCEN) issued guidelines for individuals using bitcoin in the United States, causing problems for many.
As the Chinese media started promoting bitcoin as an alternative currency and Baidu began accepting the cryptocurrency as payment for some services, the price of bitcoin hit an all-time high of $1,147.25.
Your paper value would have been $382,412.84.
However, bitcoin did not fare well for the rest of the year, ending at $757.50 by December 31, 2013, making your investment worth $252,497.48.

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