2014: Bitcoin vs Fiat vs Stocks vs Commodities
Dec 17, 2014 at 07:52AM - By Rodrigo KeenReading Time: 1 minutes
This year has been rough for Bitcoin, it started the year losing it’s value from $700 to $576 (-17.95%). A breath of hope appeared on it’s bounce back to $934, but it reached the highest price of 2014 at $951 before dropping down the next day to $810.
Over the next months, Bitcoin had ups and downs from $800 to $400, bouncing back to $600, and then dropping again until reaching the current price between $331 and $390.
Bitcoin is in a low run and far away from being the best 2014 investment option as it was (declared by Forbes) in 2013.
However, it has also been a rough year for Russia’s Ruble, and needless to say the crude oil. They both had similar depreciations against American’s Dollars, 53% and 43% drops respectively.
We are experiencing a difficult time with bitcoin, bears are making money at the expense of bulls. Bulls have had only one major win; buying at approximately 280$ per Bitcoin back on the 6th October.
On the bright side, the number of total wallets at the end of the third quarter grew to 6.5 million (was 1.3 million a the year before). However, Reuters reported that most of those wallets are empty and only 250,000 to 500,000 wallets actually contain bitcoins.
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