Short-term pricing actions can often get in the way of a more basic understanding of Bitcoin. Newcomers are especially prone to selling coins at a loss if they don’t go the learning curve and dig deeper into good assets.
But for those who have fallen under the rabbit hole, the frequent red candle is nothing but confusion to them because they have realized the true value of bitcoin. If you are still thinking about the USD price of BTC and are still somewhat affected by the daily movement of Bitcoin prices, here are some data points that can bring you some peace of mind. Bitcoin ROI.
First, it helps to zoom out and compare the value of Bitcoin with less volatile currencies, which are commonly used by the general public as a means of price and exchange. BTC has increased by 000,000% in the last five years,% 00% in the last year, and the world’s reserve currency has grown %% against the US dollar.
However, the US dollar is rarely sought to increase people’s purchasing power because it is widely used as a unit of account. Naturally, for that purpose, investors allocate at least part of their money to high-risk investment vehicles. Over the past decade, major stocks such as tech stocks and the S&P 500 and Nasdaq have seen the biggest gains in the US dollar among traditional consignment investment vehicles.
In both cases, Bitcoin beats the pack once again. Over the past five years, the P2P peer digital currency network has grown by 3,400% over the S&P 500. This is no different with Nasdaq. BTC has surpassed the Technology Index by 2,000%, 190% and 25% in the same index.
Individual technology stocks, commonly referred to as “growth stocks”, have also performed substandardly. Over the past five years, Bitcoin has risen more than 2,500% in USD value against Facebook, 1,600% against Amazon, 1,300% against Apple and Microsoft, and more than 1,900% against Google. Peer-to-peer money made FAAMG more than a three-digit percentage last year. Bitcoin has beaten Tesla in three time periods.
Bitcoin does not disappoint the value store. Gold, the assets for historically the most valuable asset, is losing price competition against Bitcoin in almost all time periods. BTC has performed 50% more than gold in the last five years, 40% more than last year and 57% more than gold last year.
In short, Bitcoin has been the best performing asset in the world for some time. Even when adjusted for risk, BTC outperforms all other investment vehicles, including the best return on investment (ROI). The only way to get lost in the bitcoin price race is if it is set in a very short time on a course. Considering a very short term, six months or less, BTC could actually be seen losing the race for some assets. However, that’s exactly the point.
All short-term price action is nothing but noise, and Bitcoin should be looked at for converted technology. Successful investors are those who mute daily, weekly, and monthly fluctuations in favor of the big picture. – The set of lasting changes that Bitcoin can provide to society at large.
Bitcoin makes an outstanding gain in price for a longer period of time because it takes people time to understand, buy it and hold on to it in the long run. Until someone realizes the potential of Bitcoin, they are blinded by short-term price movements and prone to sell at a loss. Do not be short-sighted; Zoom out and learn more every day with these great resources and understand why Bitcoin exists.