Bitcoin 1 Year Ago TODAY: Price Up 53% in Value, Minimum Profits 39% if Sold
Bitcoin Operates 50% Up Compared to One Year Ago
Bitcoin has been in a very hard bear trend in the last months. But it does not mean that Bitcoin is extinct. Indeed, compared to one year ago, Bitcoin (BTC) is operating 50% up.
Back on September 13 2017, Bitcoin was trading for around $4100 dollars, and now it can be bought for over $6,450 dollars. However, since its all time of $20,000 dollars high in December 2017, Bitcoin lost over 67% of its value.
That means that if an investor bought Bitcoin a year ago, it would be operating with over 50% profits. Additionally, is capital moved up to $20,000 giving the investor the possibility to sell.
What a year it's been. pic.twitter.com/9J3rIgjnDu
— NebraskanGooner📈 (@nebraskangooner) September 13, 2018
The lowest profit ever could have been around 39% if the investor sold his Bitcoin in June 2018. There was only one moment when the investor lost money, and we are talking about some days after the initial purchase. Bitcoin at that moment lost 25%, however, since that moment, it has operated in positive numbers.
Additionally, Bitcoin has been substantially increasing during the last quarter of the year. In 2013 it moved from $100 to $1050 registering an increase of 1050%. In 2014 it increased 66% after moving from $275 to $450. After these gains, Bitcoin lost 30%.
Later in 2015, Bitcoin moved from $230 dollars to $500 (115%). In 2016, Bitcoin registered an increase of 66% after growing from $230 to $500 dollars. Finally, in 2017, Bitcoin grew from $4100 to $19800, shielding an increase of 380%.
The next bull run could soon start to have a deep influence in the market and drive the prices of the most important cryptocurrencies to new levels.
In the last 24 hours, Bitcoin and other virtual currencies registered important price increases that range from 2% up to 12% in the top 10. Bitcoin can now be bought slightly under $6,500 dollars and has a market capitalization of $112 billion dollars.