Larry White Blog | Nothing Beat Bitcoin in 2017 Right? Wrong! | Talkmarkets

### Larry White

Oil and Gas Accounting

Over 35 years experience working in oil and gas accounting with privately held oil and gas producing companies. Also have a blog that covers monetary system issues and the potential for major future monetary system change. (http://lonestarwhitehouse.blogspot.com/)  - email: ... more

#### Nothing Beat Bitcoin in 2017 Right? Wrong!

Date: Monday, January 1, 2018 1:49 AM EST

Bitcoin has certainly gotten its fair share of attention this year as it made its spectacular rise from around \$1,000 per Bitcoin on January 1, 2017. Bitcoin ended 2017 at the incredible price of \$14,150 per Bitcoin which means it returned a bit over 14 times the US dollars invested in it during the calendar year 2017.

You would think nothing could beat that kind of return, right? You would be wrong. Try this out for size. The seemingly lowly Stellar Lumens (XLM) left Bitcoin in its star dust from a return point of view in 2017.

Starting the year out worth less than one cent per Lumen (actually about .0025 per Lumen), XLM ended 2017 at an amazing .36 per Lumen. Thirty six cents does not sound like much compared to \$14,150 does it. Until you do the math and discover that XLM returned 144 times the US dollars invested in it during the calendar year 2017. Lets do the math:

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Bitcoin (BTC): (see 2017 price range here)

Jan 1, 2017 - \$1000 invested in Bitcoin equals about one Bitcoin.

Dec. 31, 2017 - one Bitcoin equals \$14,150 or 14+ times the amount invested on 1-1-17.

Stellar Lumens (XLM): (see 2017 price range here)

Jan 1, 2017 - \$1000 invested in Stellar Lumens equals about 400,000 Lumens @ .0025 each.

Dec. 31, 2017 - 400,000 lumens equal \$144,000 or 144 times the amount invested on 1-1-17 (@ .36 per Lumen).

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You heard that correctly, 144 times the initial investment on 1-1-17. Stellar Lumens managed to generate that unbelievable return while also substantially increasing the number of lumens during the year as well.

This resulted in Stellar Lumens ending the year by increasing its market cap a staggering 332 times over where it started in 2017  (it went from a market cap of 17 million to nearly 5.7 billion in one year)!!
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