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Re: U.S. Deficit and the Debt - CBS News - Dec. 3, 2010 (6min.)
I wonder how many people are kicking themselves they missed this investment. A year ago you could buy bitcoins for 1/4 of a cent. 10,000 BTC for $25. As I post this that would be worth $280,000, according to coin.ly
One thing I've learned about bubbles, just because you think they're way overvalued, doesn't mean they can't become ten times more overvalued before they collapse.
Originally posted by cjppjc
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Bitcoin has done alot better than anything else lately. I believe it is the mid 30's now.
Bitcoin's Meteoric Rise in Value: 583900% per Year
What's that crazy chart that looks like the foot of a hockey stick about?
As you can see from this chart...
One Bitcoin was trading for about $0.06 around October 7, 2011. And now.... one Bitcoin is selling for about $20.00 as of June 7, 2011. If our math is correct, that's about a 33,332% Gain in only 8 months.... and, if extrapolated out... at that rate of growth... over the course of one year... That would be an annual return on investment of 583900%. (source)**
Bitcoin's Meteoric Rise in Value: 583900% per Year
What's that crazy chart that looks like the foot of a hockey stick about?
As you can see from this chart...
One Bitcoin was trading for about $0.06 around October 7, 2011. And now.... one Bitcoin is selling for about $20.00 as of June 7, 2011. If our math is correct, that's about a 33,332% Gain in only 8 months.... and, if extrapolated out... at that rate of growth... over the course of one year... That would be an annual return on investment of 583900%. (source)**
One thing I've learned about bubbles, just because you think they're way overvalued, doesn't mean they can't become ten times more overvalued before they collapse.
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