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What is your loss now if you invested in Bitcoin at the beginning of 2018?

What is your loss now if you invested in Bitcoin at the beginning of 2018?

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Answer What is your loss now if you invested in Bitcoin at the beginning of 2018?

Bitcoin price drop“… This has been news for almost all of 2018

But on Thursday morning (November 15) Bitcoin prices fell to $5,300 levels. This is a drop of more than 15% in one day and a new drop in 2018 in the value of the larger digital currency.

According to CoinBase data, bitcoin was trading at $5,249 just before 10 a.m. ET, marking not only the lowest level of 2018 but also the lowest price of bitcoin since early October 2017.

Prior to the recent drop, Bitcoin had been hovering in a range between $6,000 and $7,000 levels for months. There have been some notable drops in the price of Bitcoin in 2018, though, as it fell below $5,800 in late June.

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Obviously, 2018 was not a good year for bitcoin investors. But How much will your loss be? If you invested in bitcoin at its peak at the beginning of 2018 or at its peak in late December 2017?

In 2018, the peak of Bitcoin was reached very early in the year, levels of 16,665 USD, on January 5th. So if you buy bitcoin at that time, the value of your investment will drop by 68% when the bitcoin price reached $5,300 yesterday (Thursday, November 15, 2018).

In other words, if you had bought $1,000 worth of bitcoin at its peak in 2018, your total investment would now be just $320 – considering the bitcoin price is at $5,300 -. An investment of $10,000 in Bitcoin at the height of 2018 would now represent only $3,200.

You would be in an even worse situation if you had bought bitcoin when the bitcoin price reached an all-time high of $19,539 on December 16, 2017.

If you were ominous enough to invest in bitcoin at its peak in late 2017, your investment would fall 73% compared to yesterday’s $5,300 price. Anyone who invested $1,000 in bitcoin at its peak now represents $270. And if you invested $10,000 in Bitcoin on September 16th, your total investment would now (at the time of writing) be just $2,700.

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Where will bitcoin prices go?

That’s the question on the minds of millions but sure enough, cryptocurrencies are exceptionally volatile, and bitcoin prices nearly tripled in the last two months of 2017 before hitting their all-time lows in 2018.

Where Bitcoin prices could rebound at the end of the year or it could drop below $5,000 or it could stop somewhere for the time being. As for the bitcoin price range – there is simply no way to talk about bitcoin’s rise or fall with precision.


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