How Much $100 Investment in Bitcoin A Year Ago Worth Now?

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FOR NEWBIES THIS POST IS VERY USEFUL IF YOU DON'T KNOW ABOUT BTC AND CRYPTO PLEASE READ THE MEANING OF BTC AND CRYPTO BLOCK CHAIN ETC IN THIS POST.IF YOU KNOWING ABOUT BTC THAN JUST SCROLL DOWN AND READ THE POST.THANKS

What is the meaning of bit coin?

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

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How a Bitcoin is made?

New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82YjIyY2RjOWM1NmM4MTYxYzk2Njg2YmU3NzIwYWEyOS5qcGc=.jpg

How old is Bitcoin?

Bitcoin is 8.36 years old.The software has been running and the blockchain has been growing since January 3, 2009 at 2:15PM EST, when the genesis block was created. The paper, Bitcoin: A Peer-to-Peer Electronic Cash System, was published on October 31, 2008 at 2:10PM EST.

What is mining in Blockchain?

Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

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Is the Bitcoin legal?

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it

What is block chain technology?

What is a 'Blockchain' A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kMDJkYTQyZmE0ZDhiMWJjMjY4NDA0N2NhYWRjMjNjMC5qcGc=.jpg

NOW COME TO MAIN POST!!

How Much $100 Investment in Bitcoin A Year Ago Worth Now?

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Consider an average investor who purchased $100 of Bitcoin in September 2016 when Bitcoin was selling for $572. Had they managed to hold the currency through all the ups and downs of the last year, they would be sitting on $850 with today’s $5,000 price point.

This fantastic level of value growth in a short time has led to wide speculation that Bitcoin is in a bubble. Consider Bloomberg’s analysis via Twitter:

https://twitter.com/business/status/902579153509249024/photo/1

While it is clear from the chart that the Bitcoin price has skyrocketed in recent months, pundits disagree with the bubble analysis. Industry leaders who are otherwise notoriously bearish have seen substantial growth potential for Bitcoin.

New Satoshi Cycle?

However, as news of returns spread, adoption will certainly increase, leading to greater levels of investment and growth.

This cycle of adoption and growth leading to greater adoption and growth (termed a Satoshi Cycle) may well drive prices far higher in the near term.

Further, limited supply has fueled speculation of massive valuations, some topping out at $1 mln per Bitcoin. Whether these predictions prove true, the cries of bubble and the incentive to buy and hold for the respective camps will increase concurrently.

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