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If You Had purchased 0 of Bit-coin at 2011

The decentralized, peer-to-peer crypto currency system identified as Bit coin sets this claim into the evaluation. This is how you'd have fared throughout the years if you'd bought 0 worth of Bitcoin straight back in 2011.
2011: Off to some Good Start
For purposes of this comparison over time, the Bitcoin market-value prices from the Coin Desk Bit coin Price Index are utilized, and no fees or additional trades are supposed, for the sake of simplicity. By buying 0 in bit-coins around Jan. 1, 2011, you would have benefited from a minimal market value of 30 cents per Bitcoin and received an overall total of 333.33 bit-coins for the initial purchase.
Ever since Bitcoin Traded at 6 cents for some of 2010, you would have staged your first purchase right. In this first year, you'd have had your first taste of this crypto currency's high volatility. For a brief moment on June 8, 2011, Bit-coin struck at a high of .91, which makes the newspaper value of your investment a cool ,636.56. By December 31, 2011, Bitcoin was trading at .72, so you'd have switched your 0 to ,573.32.

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About Wall Street Survivor

Wall Street Survivor is on a mission to demystify investing and personal finance through interactive and comprehensive education. We take the complex concepts needed to succeed financially and break them down into easy to understand lessons.

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