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by bdcravens 4295 days ago
You're using a time-span that's a full 20% of the item's lifespan. Anyone with a single college level statistics class wouldn't be able to keep a straight face reading this.

over the last five years of its existence The first exchange didn't come online until summer of 2010.

What's the 1 year picture like for everyone who had coins in Mt. Gox?

1 comments

I've been through college level statistics classes. Nothing I learned in them suggested that holding currency for less than a year was an appropriate measure of savings.

You're complaining that Bitcoin hasn't been around long enough to make a proper measure of its performance. Then you complain that people who gave control of their coins to Mt Gox didn't get their coins back.

I don't understand what these complaints have to do with the fact that Bitcoin has been a fantastic savings vehicle for five years running. (Or four if you prefer)

I don't deny its performance, and I'm actually quite bullish on it. I just think 365-665 days is a fairly arbitrary number, and a lifetime of 4-5 years is not enough to draw conclusions from.