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10225226 No.10225226 [Reply] [Original]

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.

>> No.10225231

>>10225226

2014: The Big Downfall
However, the bad news is you would have seen your investment drop and hit a rock bottom value of $309.87 per bitcoin on December 30, 2014. By the end of this year, your investment would have been worth $106,565.60.

2015: Ended Strong
In 2015, bitcoin showed a downward trend in price until late October, when the cryptocurrency started trading above $300 again. As of December 2015, bitcoin was trading at $413.51; at this point your investment was worth $137,835.29.

2016: A Nail-Biter
The bitcoin started at $434.46 on January 1st, 2016, and had a relatively stable first quarter. At the end of 2016, your investment was $257,977.42.

2017-2018: All-Time Highs, And Still Soaring
In February, Bitcoin broke its 2013 record and hit the $1169.04. It hit other milestones as well, surpassing for the first time the price of one Troy ounce of gold.
On November 28, 2017 it crossed the $10,000 mark and less than 24 hours later it was trading above $11,000. The price kept surging in December and hit an all-time high of $19,783 on December 17, which would have valued the investment at $6,594,267.
Since then, the price has slid, trading at nearly $11,251 on January 18, 2018, making your investment worth around $3,750,296.
The Bottom Line
Learn about the risks of buying bitcoin, and avoid putting all your investments in this or other cryptocurrencies. While having bought and held on to $100 in bitcoin since 2011 would have been profitable, you would have suffered a lot of stress throughout the process.

>> No.10225243

summary: none of you weak-handed faggots have the patience to make it

>> No.10225291

You're right op, I bought btc first time at 750$ and sold for 1400$ thinking I'm a pro trader, I still made my money in many follow up trades but simply saying that buying btc for 100$ would make you milionaire is bullshit.

>> No.10225336

>>10225226

FUCK I wish I had known about bitcoin back then. How the fuck did I not hear about it? Where the fuck did people hear about it? I wish someone SHILLED it to me earlier. Where the fuck were the shills hiding all these years. None of my IRL friends even talked about it EVER. I threw $50 immediately at it when I actually read about it around 2017 and more later on but it was too fucking late.

>> No.10225366

>>10225243
this.

>> No.10225487
File: 28 KB, 354x286, 1518442974533.png [View same] [iqdb] [saucenao] [google]
10225487

>>10225243
I thought about it few times myself and find this statement true. I'm weak-willed, easily anxious, coward. If I'm lucky I'll make it against odds, so I'll hold and won't look at price too often concentrating on improving other things in my miserable life.

>> No.10225503

>>10225226
Most normies didnt hear about it until it hit more tech news sites around May/June. So youd likely have bought when it was $10-$30

>> No.10225557
File: 95 KB, 1092x392, 1531278214554.jpg [View same] [iqdb] [saucenao] [google]
10225557

>>10225226
Updated

>> No.10225579

>>10225557
kek

>> No.10225609
File: 113 KB, 629x505, 1522431045361.jpg [View same] [iqdb] [saucenao] [google]
10225609

>>10225226
I remember reading threads about people buying pizza with bitcoins back then...

>> No.10225657

a few years later...
>If You Had Purchased $1000 of Bitcoin in 2018

>> No.10225708

>>10225336
I saw it everywhere in 2010 and ignored it because I thought it was dumb

>> No.10225721

>>10225708
yeah, me too
i thought i was being reasonable and wise and shit. i was just being a bitter nihilist who thought nothing would work.

>> No.10225736

>>10225721
so often pessimism is mistaken for maturity

>> No.10225752

>>10225657
What if I told you it would be worth $100k+ in 2021?

>> No.10225758

>>10225708

You were right, but you underestimated how dumb the public was. Bitcorn adoption is practically the same as 2010, and yet it pumped because a bunch of peons fell for propaganda about it being "just like the Internet in 1995"

This was a tulip bubble. No one could have predicted it

>> No.10225806

>>10225758
DELETE THIS

no, it cant be too late, this is my only chance in life

>> No.10225814

>>10225243
And the ones that do have the patience will choose a total shitcoin that will never moon

>> No.10225889

>>10225814
Diversify your shit coins then faggot till you have a shit bowl of shit coins

>> No.10225912
File: 49 KB, 512x512, E7553678-DCE9-4819-A06A-F3D14BF5439E.jpg [View same] [iqdb] [saucenao] [google]
10225912

>>10225487
Honestly Anon, this was the most most uplifting and positive tho I heard all day, 3-5 years will not only be better people but financially free!

>> No.10225915

>>10225243
Wrong, I still have over 100 BTC from 2011

>> No.10225919
File: 87 KB, 510x300, 3AB242FA-5A25-4736-B404-FE835CF26178.gif [View same] [iqdb] [saucenao] [google]
10225919

It is so easy to shake off the “weak hands” so they panic sell and cash out their losses

Tsk tsk tsk

The Crypto Market isn’t for the faint of heart

>> No.10225974

>tfw did some anon a favour identifying some social media whore in 2011 and he offered to send btc as payment and I said
>don’t worry about it

>> No.10226011

I got Amazon prime in january this year. Learned I had a free twitch prime account. Seen twitch a few times. Decided to go on to troll low viewer count streamers. One mentions investment in Cardano.
>Cardano? fuck is that?
Spend one full night, 8 hours researching crypto. by morning have coinbase/binance and kucoin account being registered. Money arives a week later. Spend the mean time watching how to gdax videos. Money deposits into coinbase. Grab positions. Trade all day every day since. Been green throughout market since January. Wish I had heard about it earlier too. I wanted to invest, and did, one night after hearing about crypto.
t. reclusive non internet dweller

>> No.10226018

>>10226011
forgot to mention, read every white paper of top 150 coins first month in

>> No.10226026

>>10226011
grats on making it, but you do sound like a shill

>> No.10226042

>bitcoin reaches +250% of your value
>sell

OH MY GOD YOU WEAK HAND FAGGOT LOL BITCOIN IS AT 1k NOW HAHA IM RICH FAGGOT

Year 2030

>oh my god anons, could you have imagined the people seeling BTC when it was 1,9mio?
>yea haha fucking weak hands couldnt even wait 2 years back in 2027

>> No.10226048
File: 227 KB, 635x661, 1529891290340.png [View same] [iqdb] [saucenao] [google]
10226048

>>10225487
>so I'll hold and won't look at price too often concentrating on improving other things in my miserable life.
>I watch the 1h all day
why do I do this?

>> No.10226056

>>10226026
Ahh true. Never once bought Cardano, even trading enough to convert Binance dust into 6 BNB after 5 months. I will shill Amazon Prime though, great service

>> No.10226062

>>10226011
>Been green throughout market since January
how in the fuck have you been in the green since january? the whole market is down 70% how the fuck do you... im calling bullshit

>> No.10226088

>>10226062
Shorting, swinging I guess but I too call bullshit on a new trader guessing all the giant red and green dildos in the past 6 months.

>> No.10226092
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10226092

>>10226062
constant trading and dca with full confidence

>> No.10226158

>6 BNB after 5 months
So your portfolio is like 1k good job

>> No.10226194

>>10225708
This fuck I'm an idiot

>> No.10226237

>>10226092
look, buddy, if youre telling the truth and if youve been in the green since january, you have talent. keep it up and well done, you are going to make it

>> No.10226263

>>10226158
was 10k in may (5 months). look what's happened since may. help bring positivity my boy. 6 bnb is a lot from dust. maybe not. I have no context. either way, got it mid may before the run and sold them at 23 sats
>you only got this much free money