RATE Group | Bitcoin Investors Haven’t Lost More than $200 Despite Crash: Analysis
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Bitcoin Investors Haven’t Lost More than $200 Despite Crash: Analysis

27 Nov Bitcoin Investors Haven’t Lost More than $200 Despite Crash: Analysis

Posted at 18:00h in Bitcoin News by

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Any significant crash in bitcoin price tends to focus the minds of investors on money lost. However, for the overwhelming majority of investors, that isn’t actually going to be very much.

As recently pointed out in an article on LongHash, out of investors who have lost money on the latest bitcoin price drop, less than 10% are likely to have lost more than $200.

Time For Some Simple ‘Bitcoin Price’ Maths

If we take the current price of bitcoin as just over $7000, BTC has only closed higher than this on 410 of its 3980 days of existence. So during almost 90% of its history, bitcoin has been a good investment.

Had we been looking at these figures back in July when BTC price was at a local peak, the number of days on which price closed higher would have been as low as 60. The number is highly dependent on which way the market moves.

Given that bitcoin price didn’t reach current levels before 2017, none of the 410 days come before then. Recent investors are therefore more…

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