Is Bitcoin Still Profitable? Here Are the Numbers
HomeCryptocurrency NewsBitcoinist.com

Is Bitcoin Still Profitable? Here Are the Numbers

There are two types of Bitcoin investors out there. The optimistic ones who hold because they know that Bitcoin is not going to fail them i...

IMF: Cryptocurrency Regulation is ‘Inevitable’
Exclusive ICO Discount for Last 48 Hours: How Team Lakshmi from Lydian Is Creating the Fastest DLT and a Massive Wait List
Revain Gets Listed on OKEx, One of the World’s Largest Cryptocurrency Exchanges

There are two types of Bitcoin investors out there. The optimistic ones who hold because they know that Bitcoin is not going to fail them in the end, and those against it. There’s no need for uncertainty anymore: the numbers are in.


These numbers speak for themselves. Three conclusions may be drawn:

2018 Is Not the Only Year Bitcoin Lost More Than 50%

The only time Bitcoin 00 noted greater losses than this year was 2014 — and the reasons are still quite blurry. You can try and learn the market if you like, but the trends are still often illogical.

An interesting analysis published by Investopedia followed the hypothetical evolution of a $100 investment in Bitcoin in 2011. It concluded that although 2014 saw great real-world applications and cryptocurrency adoption in companies like Microsoft, Dell, Overstock, and Time, Bitcoin dropped by -58%.

The next year didn’t see an outstanding performance either. In fact, Bitcoin’s price decreased for the most part of the year until the bears shook off around (guess what!) October-November and it jumped to $480+ and ended the year at just $430 — a 35% gain over the entire year.

A Pattern May Form This Way: Big Leaps Are Followed by Nasty Dips

It may be too early to say, and many traders regard predictions with reluctance — but take the following as a humble observation.

2013, the year when Bitcoin’s progress was the quickest, was followed by a spectacular recession in 2014 — and a slow recovery in 2015. The coin did not meet again the rates it saw at the end of 2013 (as high as $1,130 at the end of November) until January 2017 – but it made it. Could this be 2014 reloaded? Even if it is, is it worth dumping your Bitcoin today, since it always made it back?

Another observation is that something always tends to happen in the market at the end of each year. Mostly. Some of the most noticeable soars came between November and January (of the following year) in 2013, 2015, 2016, and 2017. You’re free to take what you want from these observations.

In fact, Bitcoin’s price decreased for the most part of the year until the bears shook off around (guess what!) October-November and it jumped to $480+ and ended the year at just $430 - a 35% gain over the entire year.

Overall, the 54% Dip Is Infinitesimal Compared to the Profits Recorded in Most Years

When you compare this year’s drop with the profits accumulated over time, +5,507% in 2013, followed by -58% in 2014, Bitcoin’s price at the end of 2014 ($320) is still a staggering 2370% up in relation to the price of January, 1st 2013 ($13.5). 

At the same time, you can’t compare a 50% upward change to a 50% downwards price. Or can you? If you invested $100 in Bitcoin one year ago (when it was about $4,500), would you have it rather reach its current price ($6,300) gradually, or with a bull-run in the meantime? As it happened in 2013, perhaps the price of Bitcoin 00 and other cryptocurrencies reach during bull runs only predicts its potential due to happen years later. It depends on what sort of investor you are, though.

What do you think about the possibility that Bitcoin might reach $20,000 again? Tell us your thoughts in the comments below!


Images courtesy of Shutterstock.

The post Is Bitcoin Still Profitable? Here Are the Numbers appeared first on Bitcoinist.com.



from Bitcoinist.com https://ift.tt/2xdq3dK
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Is Bitcoin Still Profitable? Here Are the Numbers
Is Bitcoin Still Profitable? Here Are the Numbers
https://bitcoinist.com/wp-content/uploads/2018/09/shutterstock_575501875-588x420.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/09/is-bitcoin-still-profitable-here-are.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/09/is-bitcoin-still-profitable-here-are.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy