{"id":371364,"date":"2019-02-14T01:00:30","date_gmt":"2019-02-14T01:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=371364"},"modified":"2019-03-11T20:35:06","modified_gmt":"2019-03-11T20:35:06","slug":"crypto-analyst-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-analyst-bitcoin-btc\/","title":{"rendered":"Crypto Analyst: Bitcoin Investors Are Underwater, But BTC Bounces Back Quickly"},"content":{"rendered":"

Bitcoin\u2019s highly publicized meteoric rise to its all-time high of $20,000 in December 2017<\/a> was a classic bubble cycle at its peak. The media attention and hype from individuals talking about the crypto on social media and in social circles sparked FOMO (fear of missing out) in retail investors who eventually got burned when the price of BTC collapsed starting in January 2018.<\/span><\/p>\n

Throughout the current bear market<\/a>, due to early investors getting in long before Bitcoin<\/a> went parabolic, collectively, investors were able to stay above water. But once support at $6K broke and capitulation set in, Bitcoin investors became deep underwater and are still drowning in losses since. However, according to data shared by a prominent crypto analyst, Bitcoin is \u201cseldom underwater\u201d and it could signal that investors could be seeing gains again in the future.<\/span><\/p>\n

Bitcoin Investors Have Only Been Underwater for Under 2 Out of 10 Years<\/span><\/h2>\n

Bitcoin has been rightfully lauded for the asset\u2019s ability to produce substantial gains not seen in traditional financial assets or investments. Even at current prices of roughly $3,600<\/a>, from the first ever recorded BTC price of $0.003 represents a 120 million percent increase – gains that are typically unheard of in other markets.<\/span><\/p>\n

Due to the first ever cryptocurrency\u2019s rise from practically worthless, to nearly $20,000, there have been many opportunities for investors to become profitable in their journey alongside Bitcoin and rarely are investors underwater on their BTC holdings.<\/span><\/p>\n

Related Reading |\u00a0Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC\u00a0<\/a><\/strong><\/em><\/p>\n

According to a price chart from CoinMetrics<\/a> that approximates the price paid for all circulating coins \u2013 as was shared by prominent crypto analyst Willy Woo \u2013 Bitcoin investors are underwater for only the third time in the technological and financial breakthrough\u2019s ten years in existence.<\/span><\/p>\n

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What I like about @coinmetrics<\/a>\u2019 Real Cap is that it approximates what was paid for all the coins in circulation. Right now, as an aggregate, investors are underwater. For savvy long term investors this is an exciting time. BTC is seldom underwater. pic.twitter.com\/1wfdU0rEiK<\/a><\/p>\n

— Willy Woo (@woonomic) February 13, 2019<\/a><\/p><\/blockquote>\n