Bitcoin Had the Highest Increase, Lowest Decrease of 2019, Says Investor

Share Article

Throughout 2019 the cryptocurrency market has been on a bullish run. Bitcoin, Ethereum, XRP, and others have more than doubled in value. The market reached a high on June 27 and has been decreasing since.

Sponsored



Sponsored

Well-known cryptocurrency trader @davthewave pointed out that these movements have had different magnitudes for Bitcoin and other cryptocurrencies (Alts).

Also, we can see that they are at different levels of their retracement.

The three graphs display the following:

  1. Bitcoin market cap
  2. Total cryptocurrency market cap
  3. Altcoin market cap

We can see that comparing the current prices to those of December 15, 2018, Bitcoin has had the highest increase. Also, when measuring from the top, it has had the lowest rate of decrease.

However, would you have made more money if you had bought $1000 of BTC worth on December 15, 2018, or $1000 of say XLM, BCH or TRX?

An investor buying BTC with $1000 would currently have $2613 while one with the average price of an altcoin would only have $1582.

If someone were to buy at current prices and they were to return to January 1 levels, how much money would they have now? What if the price returns to their June 27 high?

We will look at both these possibilities below

(The total cryptocurrency market cap is not included since it is a combination of the other two)

Bitcoin or Altcoins?

If the price of Bitcoin were to return to its January 1st level, it would mark a decrease of 61.5%.  On the other hand, this decrease would be 35.2% for altcoins.

This is understandable since Bitcoin has increased more since the low.

The cryptocurrency market reached a high on June 27.

If the Bitcoin price were to return to these levels, it would represent an increase of 65.3%. On the other hand, this increase would be 100.8% for altcoins.

This shows that not only did Bitcoin increase more, but it has decreased less since reaching its high.

The images with the calculations are given below:

Summary

So, how much money would an investor have made if he invested $1000 in Bitcoin or other Altcoins and the price increased to the June 27 high or decreased to the December 15, 2018 low?

The results are given in the table below:

Increase  Decrease 
Bitcoin $1653 $384
Altcoin $2010 $647

However, this is not to say that they both have an equal chance of making these moves, or that one or the other is more likely.

We just saw that Bitcoin has performed much better than other cryptocurrencies since they reached a low.

This is just an example of how an investor’s portfolio were to increase/decrease if they were to occur.

On December 31st, do you think the cryptocurrency market will be higher or lower than today? Give us your answer in the comments below.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.


Images are courtesy of Twitter, TradingView.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Related topics

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

The BIT Time Rush. 8M BIT to Be Won. Three Innings; Massive Winnings.

Join Now!