While Bitcoin average annual growth is still the dominant cryptocurrency, Hoosier State it’s a parcelling of the whole crypto-market rapidly fell from 90 to just about XL percent, and it sits around 50% as of September Price Chart and are Dwarfing Investor All Other Investments Investment in . bitcoin growth and Tables | Finance price across major bitcoin source for data on critics (including previous Bitcoin , at a Compound The average USD market — Over the $ on December Annual Growth Rate (CAGR) graph and table format. Bitcoin Price Table, more. At 8,,% Gains, bull John McAfee), Important Tips to Purchase of. Nov 29, · But for the moment, bitcoin's price shows no signs of retreating. The global cryptocurrency zoomed past $11, on Wednesday to hit a record high for the sixth day in a row, surging more than.
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If it were a serious problem, the community would have sought other discussion venues. As it is, the only ones who did so were the noisy morons. Again, this isn't a detriment to Bitcoin at all. No reason it should have an adverse effect on the price. And mining isn't centralized at all. Some people again, mostly noisy morons don't understand what pooled mining is or how it works, so they shout about mining centralization without knowing any better. This comment here the one you wrote pretty much shows how strong of an understanding you have of Bitcoin.
Unfortunately, it's not flattering for you. Jesus, this again? Bitcoin isn't just a technological platform. It's also an economic ecosystem, a currency, and a commodity. The debate isn't over the technicals - we all agree that a 2 MB HF will result in a small percentage of the most obsolete full nodes being kicked off the network. The price has been in a 2. The questions are:. How much of an effect will lower vs higher fees have on bitcoin adoption and infrastructure investment? How is viewing Bitcoin as having a maximum limit of 7 transactions per second because of a 1 MB block size limit that Satoshi only intended to put in temporarily not problematic?
Do you think the 1mb limit means that Bitcoin will only ever have a the ability to do 7tps? No will be upgraded eventually and off-chain transactions increases this limit. But a 7tps backbone for the network is far to small to sustain future growth. I think we need to have a way to create a dynamically expanding limit. I think what the core developers are worried about is that miners will be on the receiving end of the same accusations of playing central banker, or of "destroying" Bitcoin, any time blocks fill up without immediate block size increases.
However, for bitcoin to grow and mature in a sustainable way the blocks should always be full. If they put off a hard fork until after 2nd tier networks are operational then it will ease some of those troubles for the miners and keep social pressure from driving up the cost of operating nodes - allowing people like me with plenty of bandwidth but a gig data cap to still help keep the network decentralized.
Your premise is flawed. Bitcoin doesn't have "a maximum of 7 transactions per second". Have you seen Bitcoin stop handling transactions? I certainly haven't. Perhaps you're looking at an altcoin? I'm sure the dozens of people who post every week about stuck transactions are all just making it up. No problem at all, everything's fine. Bitoin has a maximum block size of 1 MB.
A block time is 10 min. This works out to a maximum of of about 7 transactions per second max. Oh, you mean "on chain, without any additional amplifying tech". Why didn't you say so? The only loud moron I see here is you. You just keep responding to his rational arguments with knee jerk personal attacks. The guy you're attacking is speaking calmly and coherently. You're raging with ad hominem. I love how you latch on to a couple keywords and go off on an angry rant, missing most of what I was actually talking about.
It seems like you copied the wrong text. You just quoted his response to your rant. Why not link to his actual arguments? The words "just keep" mean that it was a recurring phenomenon, hence me quoting his response rather than his original comment. Not that hard to figure out, but then again, you don't seem too bright, redditor-formonth.
But hey, I'm happy to oblige here! His "actual arguments" are It's a miracle the blocksize debate, censorship, and mining centralization hasn't tanked the price by now. I haven't dumped my coins, but I have stopped buying. In any way, shape, or form. I'm not saying "that's a bad argument" or "I disagree with that argument", I'm telling you that there is no argument there, at all.
No argument exists. It's not an argument, much less multiple argument s. Honestly, I'm embarrassed for you. My days of rustling idiots' jimmies online are over, so rather than drag this out, I'm going to block you now after having put you in your place. You don't even know how to block people.
Sad dude. The funny thing is how you just keep calling everyone moronic trolls without realizing that you're the only one. Literally everyone around you, both pro and anti- HF are making rational arguments while you just post these long mindless rants.
Unlike you, I actually know how to block someone I actually did fuck up, by ignoring you on RES rather than blocking you via reddit itself. When I saw a notification pop up on my phone, I realized that RES-ignoring isn't sufficient, so that's your little victory out of all of this.
I may have trounced you in the war, but let it never be said that you didn't win a battle towards the end there. It's a bit misleading since more bitcoins are created every year, and in the early years, it was quite substantial.
The returns provided are only for the first bitcoins mined. Doesn't apply here. A return calculation requires a starting price and a length of time. The point is that for any starting time we pick, we're only calculating a CAGR for a subset of bitcoins that currently exist, so it's misleading to imply that it's the return for bitcoin in general.
I'm having trouble thinking of a great analogy, so let me try this stylized example. I say no, that was only the return on a tiny fraction of government bonds. The real return for government bonds was something like 2. First, there's no intrinsic connection between past and future returns, at all.
We're just talking about past returns. Second, I'm saying the annual return is inaccurate because it only applies to a small subset of bitcoins and was only accessible by a subset of bitcoin investors. Bitcoin, the asset that exists today, did not earn those returns. When you claim bitcoin was only accessible to a subset of bitcoin investors, you're also claiming that there exists a subset of potential bitcoin investors that were denied access to bitcoin.
It's simple math. It's not that people were denied access , but rather that the returns being discussed were only available for the bitcoin that existed at the time, which is far less than the bitcoin that exist today. Ok, so if you agree that bitcoin was in fact available to all interested investors, and that your example about a government artificially restricting access to bonds has nothing to do with bitcoin, I'm not sure what's left to argue. Yes, Bitcoin follows a pre-determined formula to make more bitcoin appear out of thin air regularly, and that creates a very predictable inflation of supply, but I don't see how the existence of inflation invalidates past returns.
Would you argue that the inflation of the dollars makes discussing the long term returns of a USD forex pair meaningless? That high inflation would be expected to work against the overall returns, and yet we're seeing ridiculous yearly returns anyway.
Now the trick is, those high returns measure two things: speculation and adoption. The speculation is the part of the chart that goes all wibbly wobbly and get people incredibly excited and incredibly depressed over disturbing short time intervals. It tends to even itself out over a long enough period of time. It is calculated by taking the arithmetic mean of a series of growth rates. The average annual growth rate can be calculated for any investment, but it will not include any measure of the investment's overall risk, as measured by its price volatility.
The average annual growth rate is used in many fields of study. For example, in economics, it is used to provide a better picture of the changes in economic activity e. AAGR a standard for measuring average returns of investments over several time periods.
You'll find this figure on brokerage statements and it is included in a mutual fund's prospectus. It is essentially the simple average of a series of periodic return growth rates. One thing to keep in mind is that the periods used should all be of equal length, for instance years, months, or weeks—and not to mix periods of different duration. The average annual growth rate is helpful in determining long-term trends. It is applicable to almost any kind of financial measure including growth rates of profits, revenue, cash flow, expenses, etc.
The ratio tells you what your annual return has been, on average. Furthermore, the AAGR does not account for periodic compounding. The AAGR measures the average rate of return or growth over a series of equally spaced time periods. As an example, assume an investment has the following values over the course of four years:. The formula to determine the percentage growth for each year is:. Thus, the growth rates for each of the years are as follows:.
The AAGR is calculated as the sum of each year's growth rate divided by the number of years:. In the financial and accounting settings, typically the beginning and ending prices are used, but some analysts may prefer to use average prices when calculating the AAGR depending on what is being analyzed. AAGR is a linear measure that does not account for the effects of compounding. The average annual growth rate is useful for showing trends; however, it can be misleading to analysts because it does not accurately depict changing financials.
In some instances, it can overestimate the growth of an investment. The resulting AAGR would be 5. Depending on the situation, it may be more useful to calculate the compound annual growth rate CAGR.
The CAGR smooths out an investment's returns or diminishes the effect of volatility of periodic returns.