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cgjaro | 11 years ago

Nobody talks about "percentage of tradable life" because this is a pointless metric. You don't see banks publishing prospectus saying "this investment gained x% over y% of its tradable life". %/year is what matters to all investors.

> So if Bitcoin goes down to $30, that's an amazing investment, right? After all, that's a 500% ROI!

Absolutely. Buying at $6 in january 2013, and selling even at $30 would be a 500% ROI and a great investment over 2 years. What is your point?

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bdcravens|11 years ago

"%/year is what matters to all investors"

Exactly. Only one in Bitcoin in January 2013 were those who were really deep in the community. Investors don't care what the price was before they purchased.