The bitcoin investors didn’t lose a lot of their invested money despite the BTC crash as per the latest analysis we have in our bitcoin news today.
The recent article on Long Hash, shows that the investors who lost money on the latest price drop are less than 10 percent and lost about $200. If we take the current price of Bitcoin into consideration, Bitcoin closed higher than this on 410 days from the 3980 days since its existence. During the almost 90 percent of the history, Bitcoin has been a really good investment. If you were to look at these figures back in July, the Bitcoin price reached its local peak and the number of days when the price closed higher would have been as low as 59. The number is heavily dependent on the movements on the market.
With the bitcoin price not reaching the current levels before 2017, none of those 410 days comes before then. The Bitcoin investors are therefore likely to have purchased Bitcoin on one of them. this is why is relevant to compare today’s prices to the price of Bitcoin when it was initially purchased. Fortunately, we can see the unspent transaction outputs in order to see the bitcoin price when each bitcoin was last moved. However, as per the article:
”In fact, 2019 has been a particularly cruel year for Bitcoin purchasers — Bitcoin has been a bad investment on 190 of the 329 days so far this year (as of November 25, 2019). In other words, Bitcoin’s close price has been higher than the current price for roughly 58% of 2019 so far.”
According to the latest data from Into the Block, more than 56 percent of the Bitcoin wallets would make a profit if they decided to sell today. 36 percent would be taking a loss and the remaining 8 percent being worthy about the same amount. The 36 percent of the bitcoin wallets are now over 15 million but the average loss is not such a great amount.
Taking into consideration the only 410 days when buying bitcoin would have led to a loss, the median price difference reaches about $2000. In more than 90 percent of the Bitcoin wallets, there is only 0.1 BTC or less. The vast majority of the bitcoin investors are now looking at losses under $200. Of course, there are only potential losses if bitcoin were sold at today’s price.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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