Gold paid off as much as 630% on investments placed around the bottom of its last major bull-run, mid 1999, and held until late 2011 - that's an absolutely awesome payoff for only an 11 to 12 year holding period.
Forget the Gold-Bug - That's Farm-League Stuff - These Other Guys are Big-League Serious
Apple, the king of stocks after the turn of the century, turned in a nearly 29,000% pay-off between the years of early 2001 and early 2015 - that's absolutely insane, insane, to the tenth power, profits.
Between late 2011 and late 2013, Bitcoin, the king to be-head all other kings of profit before it, put in just under 52,000% gains. I'll say that again, just in case you missed it. It made over 52,000% gains (from lowest low to highest high) in around two year's time!!! There's simply no word suitable to describe it - just the priceless expression of blank stares and unhinged jaws. I mean, really, how can you not be at a loss for words when you think about a dollar invested becoming over $50K in two year's time? It's alright, I'm shaking my head in disbelief, too, as are many others.
How did I miss out on that opportunity of a lifetime, gosh diddly darn it!
But, Wait, Do We Really Have a Second Opportunity of Lifetime, Already, This Early After the Bitcoin Pump?
It appears that it might be so.
Steem (the currency behind Steemit) ran up nearly 2,500% between late July, 4th and late July, 12...of the same freaking year! That's 8 freaking day, folks. What the hell is going on?! What is this? Seriously, am I sleeping right now? Can somebody please pinch me?
And, that's just pump number one, of what may turn out to be many pumps to follow. If this ends up following a path even remotely similar to bitcoin's 2011 through 2014 years, everybody better watch the hell out, and hold onto their hats and hair-pieces, cuz things may start to get bat-shit crazy again around the crypto-world.
Looking Back Now, We Can See that Bitcoin had 4 Major Pumps During its "Bubble"
The four pumps are easily identified by the logarithmic, weekly, chart of Bitstamp's bitcoin prices (seen above) and not so much for the arithmetic weekly chart of that same data feed (seen below). A rough estimate (likely give or take 10% on the first two pumps and 100's of % on the last two) is given for the percent gains between the lows from the last pump (or run down in price) and the highs of the next pump. We can see that the 3rd pump had, by far, the best gains, followed by the 4th, then the 2nd, and, lastly, the 1st.
We May All be In for Some Major Fun Events Ahead
If what we're witnessing in the chart of Steem (above) is, indeed, the one of many pumps to come, which I expect it to be, then...well, I can't find words again...
This could be HUUUUUUUUGEEEEEEEEE!!!
We may see up-waves of over 10,000% gains, in the relatively short-term future. We may even see them approaching 30 or 40 thousand percent at a time (in terms of a few days to weeks).
And What, Precisely, is Going to be the Driving Force of these Imminent Pumps, You Ask?
Well, the a-hole answer is "people." More specifically, it's the same level of excitement, if not even growing levels of excitement, between the people who're already aware of Steemit's (and, therefore, Steem's) potential and the thousands of "awakened" ones that are joining the crowd on a daily basis.
Don't get me wrong, this is all very, very speculative on my part and, with emotions running as high as they are in the Steem market-place, there's almost an equal chance of a very fast and large price drop from the current price levels. In fact, It's almost to be expected from such a fast and large run up, based on past history of such events.
Regardless, this recent + 2,000% run up, in such a small span of time, is not irrelevant in the least. It speaks volumes about what the market sees as Steemit's potential.
These are exciting times to be alive and involved in our evolution, folks. Where's the popcorn? I'm ready for the show.