For the moment, 2019 is a better year than even 2017 in terms of return on bitcoin investments.
In fact, according to a chart published on Twitter by Messari, those who had invested in bitcoin on January 1st, 2019, would have had a return of 180% on July 14th.
On the other hand, in 2017, the year of the last major speculative bubble on bitcoin, the return between January 1st and July 14th was 122%. Whereas in 2018, a loss of 54% occurred in the same period.
In reality, these values are rather arbitrary, because the timeframe that was chosen (January 1st – July 14th) has no specific rationale, however, the graph also compares the trend of the day-to-day return in these periods, showing that the 2019 curve is actually very similar to that of 2017, although until mid-June the 2017 return was higher than that of 2019, whereas from roughly the end of June the positions have reversed.
The tweet of the chart says the following:
“2019 is well ahead, but this is right around the time where 2017 took off. To keep up with 2017’s second half pace, 2019 will need to end at ~$52K (5x from here)”.
In another analysis, Felix Molen also reveals that over the years, investments in bitcoin have generated very significant returns to date.
The hypothesis involves investing 1 dollar a day in bitcoin, every day, regardless of the price, and calculating the return. If you had started buying bitcoin 9 years ago at a rate of $1 a day, you would have invested $3,286 by now, earning over $18 million with a 550.450% return.
Those who would’ve started 5 years ago, or in 2014, would have invested $1,826, with a gain of $22,850 and a ROI of 1,151%.
Whereas those who would have started only 3 years ago, i.e. in 2016, would have invested 1,095 by now, with a gain of $4,406 equal to a ROI of 302%. Even those who would have started a year ago, today would have invested $365 with a gain of $580, or a ROI of 59%.
These are considerable returns since even 59% in one year is to be considered remarkable. Of course, a ROI of 550.450% in 9 years is incredible, but who would have imagined in 2010 that they could achieve a similar return by investing only 1 dollar a day in bitcoin?