Post
Topic
Board Bitcoin Discussion
Re: $100 of bitcoin in 2010 is worth $75 million today
by
LoyceV
on 24/09/2017, 13:56:33 UTC
For example it is indeed true that:
100$ invested in  2010 would give you back 75 millions now, but
100$ invested in  2013 (december) and you will "only" have 350$ now.
It's very easy to pick the right investment when you're looking back. Therein lies a big risk: people tend to easily assume it will continue, the recent altcoin bubble is a nice example of people jumping on the train because of FOMO (fear of missing out).
Common sense dictates anything that increases 10% per day in value can't last.