Post
Topic
Board Economics
Re: 2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.
by
wxa7115
on 14/01/2018, 05:47:19 UTC
2017 was 4th best year for Bitcoin after 2010, 2013 and 2011.   You see all beside year 2014 were positive.

2010 $0.003  +10000%
2011 $0.3        +1566%
2012 $5            +160%
2013 $13         +5823%
2014 $770           -59%
2015 $316          +36%
2016 $430        +128%
2017 $980      +1286%
2018 $13585
But this is true when we think of it in terms of percentage, when we see this in terms of dollars this has been the best year so far and seems like a breakthrough year to me, a year in which bitcoin is no longer a coin known to some people in an obscure part of the internet, bitcoin is finally going mainstream and we'll see more of this in the next years.

The percentage represents the amount earned for anyone who bought.
Yeah I know that too, but there are many ways to look at the same date, what are you more impressed with a jump from 0.003 to 0.3 or from 980 to 13585, while the first jump is bigger and it is a 100x in a single year the jump in dollars is more impressive for the average person that is used to think in dollars, when bitcoin was worth a few cents no one was impressed, now that is worth several thousands of dollars people are impressed.