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by cgjaro
4169 days ago
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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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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.