RE: To The Newer, Less Hardened Hodlers – This Bitcoin Price Chart Makes Things Look A Lot Better
As we have said here, before – the sky is not falling, Bitcoin is fine and actually primed and ready to explode. If that doesn’t work, maybe this’ll help
This Bitcoin Price Chart Makes the Crypto Market Crash Look a Lot Less Scary
“The statement ‘bitcoin is down,’ begs the question, ‘Since when?’ And over its one decade-long existence, you don’t have to go back far to find that, ‘bitcoin is up.’…
…As of Monday, an investment in BTC on Jan. 1 returned a greater profit than the Dow, the NASDAQ Composite, or 2019’s top stock.
Bitcoin rang in the New Year at $3,410 USD. At the moment the Dow closed another record day Monday, bitcoin was trading for $6,868 per coin.
That’s a 100.01% return on investment year to date.
The Dow Jones Industrial Average opened at 23,058 on Jan 2, 2019’s first day of trading. It closed Dec. 16 at 28,235 for a 22.45% ROI.
Tech stocks have led the bull market in equities. The NASDAQ composite opened the year at 6,506, and closed at 8,814 on Dec 16, a 35.47% ROI.
Even the top performing stock for 2019 didn’t hold a candle to bitcoin’s year. New York cosmetics company, Coty (NYSE: COTY) saw the most growth in 2019. Its rise from an opening Jan 2 price of $6.46 to a Dec 16 close of $11.01 was a market whopping 70.43% ROI. Still not as much as bitcoin.”