It's Official: Bitcoin Was The Top Performing Currency Of 2015
For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar.
Using the benchmark of the U.S. Dollar Index, a comparison against a basket of major currencies, the dollar gained 8.3% throughout the year.
Despite this strength, the best performing currency in 2015 was not the dollar. In fact, the top currency of 2015 is likely to be considered the furthest thing from the greenback.
Bitcoin, a digital and decentralized cryptocurrency, staged a late comeback in 2015 to overtake the dollar by a whopping 35% by the end of the year.
Courtesy of: The Money Project
Bitcoin is no stranger to extremes. During the year it came into the mainstream in 2013, Bitcoin gained 5,429% to easily surpass all other currencies in gains. However, the following year it would become a dog, losing -56% of its value to become the world’s worst performing currency in 2014.
The second best performing major currency, relative to the USD, was the Israeli shekel. It gained 0.3% throughout the year, and the Japanese yen (0%) and Swiss franc (0%) were close behind, finishing on par with how they started the year.
The world’s worst performing currencies are from countries that were battered by commodities or geopolitical strife.
Ukraine’s hryvnia fell -33.8% in the aftermath of Crimea. Brazil’s real (-30.5%), the Canadian dollar (-15.9%), Russian ruble (-20.8%), and South African rand (-26.7%) all lost significant value in the purging of global commodities. Gold finished the year down -10%, and silver at -11%.
And as China devaluation accelerates, Bitcoin has been surging since the start of the year...
(13 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
6-7billion human beings versus 10,000 plutocrats. Why not fight? Let them get their boots and try. I guess you're saying you'd rather give up and submit like a serf.
I belive you are drastically underestimating the way the 'fight' would go down. Sorry but there is no argument that I have ever read which leads me to believe BC will do what people think it will. A few people may indeed get rich, but I don't see it ending well for the vast majority of BC holders.
Good luck.
BC as just another hot potato to trade? Sure why not. Bet my ass that it will be there in a crisis? No fucking way!
Calling Reggie. Come in Reggie. Time for a video. Don't forget the 2-minute auto-fluff intro ;-)
It's just a fucking hash file.
It's just an arraignment of quarks.
It's just a model.
A series of tubes.
What idiot would down vote this? Seriously?
The same people that think their internet is going to still be working when the stinky stuff hits the fan blades.
It is a network that validates updates of said file without relying on a centralized authority.
Workin' in the coin mine
Hashin' down down
Workin' in the coin mine
Whoops! Electric bill now
The de-evolution of currency. Information-age barter, here we come!
O where art thou phonestar?
Failstar is busy riding that BTC rocket
I guess that's good news for the FBI..........
Digital currency. Great!!! Sooooo if I have a boating accident with my computer, can I retreive my investment later when no one is looking??
You can stock your BTC on an offline ledger with a unique encryption key. You can then recover your BTC from any computer with internet.
Oh - thanks ... now I need backups for my backups ...
(how fucking convenient)
If you can memorize ten english words, you can hold the unique key to your money in your brain.
shit, I can't even memorize the new pronouns the queers want to foist on us
I'm looking for ONE TRUSTWORTHY outlet/site/whatever - to teach Bitcoin to my clients.
Something THEY can self-teach themselves - that's as "state of the art" as BTC evolves...
I "get it" - but teaching others - especially the sheeple - (yes...I have them as clients)...is difficult
Still seaching....
"Mastering Bitcoin" is a good place to start.
http://www.amazon.com/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrenci...
Antonopolous keeps the source on github and continuously updates.
https://github.com/aantonop/bitcoinbook
Antonopolous is really amazing. He's very smart and articulate!
I think so too, and he's really, really good at handling ignorant/hostile questions while maintaining his demeanor and credibility. If you have the time, check out the youtube of him testifying to a bunch of Canadian politicians.
https://www.youtube.com/watch?v=xUNGFZDO8mM
Yes, as a matter of fact you absolutely can.
I've always found rather funny all the people saying BTC is doomed, fake money or whatever. But let's be honest here, I bet most of you fuckers have at least 5-10 BTC stocked somewhere just in case.
Paying 5k$ now for a potential 50k+ in a few years..that's probably one of the best investment you can make. You don't have to buy 1000 BTC. 10 will be enough if the currency becomes an internet payment standard. Get 10, sotck offline and forget. At worse you lose 5k, at best... well it could go very high at some point.
Be fair dude:
a) most people DO NOT have a background in theoretical computer science or number theory.
b) most people have been burned by someone saying "this cannot fail".
(just show some fucking compassion)
(don't be a prick)
(you'll win more battles that way)
You don't need a) and I never ever suggested b). You did notice I said it could also crash, right? It's just that the risk:reward ratio is extremely in favor of the reward.
So your schlocking something you don't understand?
(how douchee of you)
I do have a relevant background and I'm not buying it one bit.
Get it? One "bit"? I'll be here all day, folks.
Uh ... byte me? [winking smiley]
You two are both very punny, seriously.
What about just a Nibble?
Mark Karpeles retells the Mt. Gox story
I am intrigued.
(but still sceptical)
Sounds like the perfect attitude to me.
That's me.
(mr perfect)
https://youtu.be/oMaLbM_1Wmk?list=PLxLk3KS85hy53T3bk7V0Ka8sc5ajsW1Ix
Time to buy an AntMiner and replace my space heater.
Gold is tanking, in an good way.
Told ya about some levels.. I forgot, that I could have directly hedged? sillly me
So Shitcoin's are currency Tyler?
Shitcoins have an standing army, and an universallly enforced banking system?
What happens to bitcoin when the "machines" arent working?
We use our thumb drives as IED shrapnel, of course!
Bitcoin has been online for a little over seven years now, nodes are frequently hit with DDOS attacks, and yet the network has never gone down. I'm more concerned about what happens to the people when the "machines" aren't working. The same network (the Internet) that Bitcoin runs on is what thousands and thousands of supply chains run on too.
If the Internet goes down, Bitcoin will still be there when it comes back online. If it never comes back online, then you'll have bigger worries than losing your bitcoin.
Yes, interesting, isn't it?
It's been around for 7 years, everything has been thrown at it and look at our little Bitcoin go.
BTChez.
Yeah, these guys crack me up. If you're not living a fully self-sufficient tech-free mountain-man or Amish farmer lifestyle well away from population centers and with good security measures in place, you're not at all prepared for the 'machines going down a long time' scenario.
You can tell the age of the readership here by their feelings towards Bitcoin. It's hard for an old senile man to truly absorb the fact that Bitcoin is here to stay and that in the longterm it's going much higher.
How many governments, thinktanks and Central banks do you need to see obsess over Bitcoin to understand everyone that matters has their eyes on it?
Fucking senile faggots.
Hey be nice... I know plenty of yoots that also have no clue what or how bitcoin works.
The developers are working towards making bitcoin easier to use, but that is still about 1-2 years away (like a credit card).
The ability to buy/sell on coinbase has aleady made it significantly easier to acquire than just a few years ago.
Yes, the progress is quick these days. Wait till you have a 'hardware wallet' offline to the network or hackers, that is the size of a credit card.
Passwords will probably be some word combination combined with ultrasonic scans of your fingerprint in 3d.