So I just added some fresh stats to Statility, and this one caught me off guard. Can you believe that even though Bitcoin has skyrocketed by 53,692% or 538 times since May 2013, it’s actually seen a downturn in 64 months, which is about 46.04% of the time during that stretch?
It’s pretty wild to think that despite such an incredible gain, it’s dipped almost as much as it’s risen. I totally get why a lot of investors feel freaked out and sold off during those times.
Here are the averages: up months have an average of 27.62% and a median of 17.72%. For the down months, the average is -12.93% and the median is -10.13%.
We’ve got data covering 139 months, which is around 11.58 years.
Check Out This Surprising Bitcoin Stat It’s Down Nearly Half the Time
4 replies 416 views
yield_guruFull Member
Posts: 107 · Reputation: 713
#2Apr 1, 2017, 06:07 AM
Sounds about right. That's in line with the coinglass stats that show that of the 142 months, we had 63 "red" ones, so 44%.
Such stats don't have much weight on their own though. You wouldn't expect any asset to go up every single month, so the average median return is a much better indicator of what to expect.
Seasonality of Bitcoin (i.e. price acting in line with 4-year cycles) could potentially drive some people away (especially in the post bull-run periods), but it might as well drive other investors in, so it's a two-edged sword.
The volatility of Bitcoin's so-called monetary value is fluctuated almost entirely by society's fragile and manipulated fiat markets.
If people just chilled out and weren't so greedy, the value of BTC would have risen fairly even with it's rate of adoption.
That's just my opinion. Bitcoin is what it is, it's our interpretations that are always changing.
tony_bridgeFull Member
Posts: 54 · Reputation: 289
#4Apr 1, 2017, 11:53 AM
And that what makes this market truly unpredictable on which despite into the huge support or solid recognition but still its not something that could shoot up its price without having retracements on which in that case then this isnt really that can be called as a market. If we do really tend to look up into those previous years price specially into those early years then we can really say that to those who had been long time holding
are the ones that considered true OG's and did really hold up that millions of amount in value in USD with those Bitcoins that they've been holding.
We can be able to tally those average downs and ups on which of course its something that will investors or traders will normally be spotting out but in overall aspect then
there's no way that we can be able to predict on where it could potentially go. This is why on the moment that you do make out some Bitcoin investment or any coin/tokens in the market then always be considerate
about those probabilities that you could really be able to experience those ups and down on different intensities and there's no way on how deep it would be or on how high it could be able to fly.
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#5Apr 1, 2017, 12:53 PM
It's high volatility is what makes it even more beautiful. This feat of Bitcoin won't make it famous if it's not for it. Normal investors cannot take such risks but thanks to Bitcoin helped everyone like me to understand that this high-risk, high-reward thing is a real good one if taken lightly and it's an advantage for those people who don't have much in life. If many of those investors are scared of it, that's normal because they haven't seen something like BTC that has got too much volatility. And it will never change that before it gets to new tops, there will be countless downsides for its chart that we'll meet along its way.
Related topics
- Could this discussion impact Bitcoin down the line? 19
- Bitcoin's taking another hit... let's have some fun instead of stressing out 19
- what's on the horizon after bitcoin falls under $80k? 19
- Bitcoin price update and forecasts 19
- Top 20 Bitcoin Days 19
- Bitcoin reaching $1 million is definitely within reach 19