Hey Steemians ,
Bitcoin is still seen by some as a very risky and volatile investment even though bitcoin continues to hold its own and prove many critics wrong.
In this post I compare historical price data of bitcoin to historical stock prices of the top 6 stocks by market Capitalization.These are stocks that are generally regarded as solid investments. See analysis below:
Data Date :29th April 2013 to 21st July 2017
Data Source: Coinmarketcap and Google Finance
As you can see bitcoin ROI totally outweighs ROI of all top 6 stocks
Let me break it down a little more with the table below that shows the percentage return on investments
Eager to see what the price of bitcoin will be in the next 4 years as bitcoin becomes more popular.
Disclaimer : This is not investment advice
Thanks for reading my post.Please support me by upvoting, and resteeming if you enjoyed it. Keep an eye on my blog for my next post. You can also follow me @datageek
Bitcoin is the future and the earlier our government accept it the better for us all
I'm eager too to see what the price becomes, but it sure will be higher than what it is at the moment :)
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U really a datageek mahn I freaking love the way u always collate these things. Professionally classic and short. Good work
#resteemed
Thanks a lot boss.
@datageek this is a good analysis but I don't understand why are you comparing cryptocurrency and stocks? These are totally different things.
They are both investment vehicles.
The business world hasn't really seen growth like this before. The closest thing we have is the dotcom boom of the early 2000's but even that played out over a much smaller time period. Bitcoin is a completely different animal and could reach astronomical figures in the next 5-10 years.
I totally agree.
Love the disclaimer!! But yea, if you look at numbers that way it is immediate to see the difference. On one side you have to think that BTC is not regulated while others are, on the the other side BTC is really just at the beginning of its life while the others are well established. We will see how it goes but 2000% is so sweet.
Upvoted and followed!! Crypto ON!!!
Yes lack of regulation is probably the main reason why corporate investors are a bit hesitant to invest, I do not think much will change because one of the main value propositions of bitcoin is decentralization, hard to regulate that. We will see how it goes. Thanks for the upvote
Will just invest 3 btc in there for my children ..ill hav stories to tel dem wen i invested it for them wat was it and wat it is...
Yes it might be a great investment. I wish I had bought some when the price was very low.
This post has received a 2.99 % upvote from @booster thanks to: @datageek.
Bitcoin is doing good. I am happy i am a crypto investor too.
For the non crypto person (like me) this post helps bridge the gap. Making the comparison with the familiar is awesome
Yes hopefully we are able to win you over :)
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Awesome data! Hodl!
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