sugardaddy Posted December 17, 2019 Report Share Posted December 17, 2019 New York (CNN Business)The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was?Bitcoin.According to a recent report by Bank of America Securities, if you invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000.A bitcoin (XBT) is currently valued at about $7,000. While that's still significantly below its peak price of just under $20,000 two years ago, it's substantially higher than the fractions of a penny that one bitcoin cost at the beginning of the Twenty-Teens.Bitcoin remains a highly speculative investment, but it has soared during the past decade as it emerged as the most-popular and widely accepted cryptocurrency.More retailers are accepting bitcoin as a form of payment, and several investment firms and exchanges have launched futures trading for bitcoin, a move that helped legitimize it.And Facebook's (FB) planned launch of the Libra digital currency initiative has also further validated bitcoin and other crytpocurrencies in the minds of many investors.The BofA report lists several other fun facts about what's been a wild decade for the markets — one that has seen stocks recover from the depths of the Great Recession and hit new highs despite a trade war between the United States and China, attacks on the Federal Reserve by President Trump, Brexit concerns and a slowdown in Europe as well as continued malaise in Japan.https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html Quote Link to comment Share on other sites More sharing options...
BarryRunSome Posted December 17, 2019 Report Share Posted December 17, 2019 These stories are so dumb. In 2010 you couldn’t buy bitcoin. It was impossible. There was only one place if I remember correctly selling them. You couldnt link your bank account to buy. The first time I ever remember being able to buy bitcoin easily they were $1.00 a piece. I bought 100 of them and sent it to 5dimes Quote Link to comment Share on other sites More sharing options...
sleepy Posted December 17, 2019 Report Share Posted December 17, 2019 and if you would have invested a $1 three months ago you would have 0.66 today fuk shitcoins Quote Link to comment Share on other sites More sharing options...
Brock Landers Posted December 17, 2019 Report Share Posted December 17, 2019 Hindsight is always 20/20 I do recall getting involved in 2014 when they were in the $100 range Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted December 17, 2019 Report Share Posted December 17, 2019 it's sickening Quote Link to comment Share on other sites More sharing options...
rito Posted December 17, 2019 Report Share Posted December 17, 2019 except most people would derive more dissatisfaction from the fall from 20k to 4k than from the rise from 1 to 4k so they'd still be miserable Quote Link to comment Share on other sites More sharing options...
IAG Posted December 18, 2019 Report Share Posted December 18, 2019 Bad days for Bitcoin Quote Link to comment Share on other sites More sharing options...
mikeman Posted December 18, 2019 Report Share Posted December 18, 2019 Bad days for BitcoinI read something about chinese bitcoin scammers bailing. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 18, 2019 Report Share Posted December 18, 2019 I read something about chinese bitcoin scammers bailing.Always something. I don’t read 5% of what I used to. I have decided it’s impossible to tell what is fake news in crypto world. I just hope for the best long term. Quote Link to comment Share on other sites More sharing options...
mikeman Posted December 18, 2019 Report Share Posted December 18, 2019 Always something. I don’t read 5% of what I used to. I have decided it’s impossible to tell what is fake news in crypto world. I just hope for the best long term. That's the problem, it's a fake "currency" just begging for manipulation.. By the way, when will they finish mining all remaining coins(assuming they dont decide to create more)? Quote Link to comment Share on other sites More sharing options...
IAG Posted December 18, 2019 Report Share Posted December 18, 2019 That's the problem, it's a fake "currency" just begging for manipulation.. By the way, when will they finish mining all remaining coins(assuming they dont decide to create more)?I forget...i know there is a “halving” coming up early-mid 2020. Kicking myself for not selling half of my positions mid year. Like WVU, was holding out for 14k. Quote Link to comment Share on other sites More sharing options...
sugardaddy Posted December 18, 2019 Author Report Share Posted December 18, 2019 Hindsight is always 20/20 I do recall getting involved in 2014 when they were in the $100 range Where do you predict Bitcoin will be at one year from now, Brock? Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted December 18, 2019 Report Share Posted December 18, 2019 The nice SPURT today in BTC has me up a few cents on the year with BTC The SPURT really has to be a welcome for those that actually invest in this garbage. Quote Link to comment Share on other sites More sharing options...
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