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I’d be more interested in seeing what number of crypto buyers are underwater. Despite popular belief the amount of people who own Bitcoin exponentially decrease

I’d be more interested in seeing what number of crypto buyers are underwater. Despite popular belief the amount of people who own Bitcoin exponentially decreases the further back you go. I’d be impressed if more than a thousand people who owned Bitcoin a decade ago still own the same bitcoins. My thesis looking at the volume and prices during the pandemic is that most people who own Bitcoin still despite the price increases are underwater.

soneca 4y ago
Not exactly what you asked and I am not sure how correct is this number [0], but it is said that the average Bitcoin purchase price is $21k. You can’t tell how many buyers are underwater from the average buying price being higher than currently price, but it does tell you that a lot of people is currently losing money with Bitcoin. [0] https://m.investing.com/news/stock-market-news/survey-showed-average-bitcoin-buy-price-is-21k--mizuho-432SI-2828082 https://m.investing.com/news/stock-market-news/survey-showed...