How Much Money You Lost If You Bought Bitcoin a Year Ago And Have Not Sold It Yet
In December last year, cryptocurrencies were "the stars" of the Internet, enjoying an incredible amount of attention at a global level.
But, twelve months later, a mournful silence departed over most of the voices believing that bitcoin value would exceed at least 100,000 dollars this year, and regrets are still giving headaches on those who have decided to buy then, waiting the so-called "prophecies" until today.
On December 5, 2017, a bitcoin unit value was around $ 11,648, twelve months later, the same cryptocurrency was worth about $ 3,830, about 67% less.
Bitcoin Drops almost 70%
So, if you bought bitcoin a year ago of 10,000 $ and did not sell it so far, without taking into account the trading fee, you lost 6,700 $.
Also, with the price drop, we can see a major interest decrease shown by Internet users in bitcoin, taking into account Google searches.
The huge decline in cryptocurrency value in the last few months, also have a big impact among the crypto miners , making the mining process unprofitable for them. At least 100,000 miners have ceased their activity since early September, with 1.4 million servers shut down.
Most miners make profits only when Bitcoin is traded at a value that exceeds 4,500 dollars, a level that has not been exceeded since November, according to Bloomberg.com.
